Forex requires a good trading plan

[Pelanali]

Developing trading strategy and trading plan is something quite logical for me. When you enter the market, you need to have certain goal in front of you.With your strategy and plan you explain to yourself how are you going to reach your goal.It might be that during trade it would need to be adjusted

 

[Alekxandra]

I don't really understand what a trading plan is. When I start trading, I choose the method that is now working in the market, which algorithm. And I act according to the chosen algorithm, from my Arsenal. I sometimes outline levels, and keep track of the rebound or the breakdown of them.

 

[anna.serea]

in my opinion, trading plan related to the psychology of the person. from the way he thinks and moves the decisive results.

 

[Pariar]

Alekxandra, your trading plan is to utilize EAs and programmed algorithms aimed to achieve best results for you. If you are real trader, than all decisions and work should rely exclusively on you, so in this case you would need to develop another trading plan. Hope that this clarification will help

 

[lal.remigiusz]

I want to trade forex markets and hard commodities as these are the markets I understand best.

 

[Alekxandra]

Alekxandra, your trading plan is to utilize EAs and programmed algorithms aimed to achieve best results for you. If you are real trader, than all decisions and work should rely exclusively on you, so in this case you would need to develop another trading plan. Hope that this clarification will help

What could be another trading plan if I have no trading plan?
I roughly understand what pattern I am looking for at this time. If I see this pattern, I will work with it. At another time I will look for another pattern, because that is what will work. That's the whole trading plan.

 

[Luke Hansen]

no one can better understand

Trade decision is the fundamental behind your successful story. And when any trader thinks of making employment of his hard earned money he should be careful in choosing his trades as per his abilities to bear risks. No one can better understand your situations except you. It is you who can recognize how to deal with the market according to your capacity to take risks and handle activities of trading.

 

[anton.blood]

I agree with your opinion. because the owner who bear all the burden of employees.

 

[Luke Hansen]

putting sufficient time

Why are expert traders bestowing due emphasize on putting sufficient in trading? It is for the nature of the market. We can’t go away from trading in mid way rather we should accept the infrastructure of the market. And then we must perform trading activities with full cautions. Patience and analytical power have good impact on trading results where a trader can think of ensuring success in this challenging field of forex.

 

[Hakone]

It is true that pending orders requires underlying funds at disposal, but in some cases it would be helpful to make smaller orders. It all depends on trading plan and I find this strategy as quite individual option, but certainly, should be tested before used on live account