Forex Zone - Forex Forum

3 Main Pillars In a Trading Plan

Discussion started on Forex Education

  • Sr. Member
  • Posts: 424
  • Points: 0
  • Likes Received: 102
  • Reputation: +3/-7
The main pillar as a trading base that must be mastered, meaning that if a trader does not have this basis it will be very difficult to be able to survive in the forex business.
Like a building if it does not have strong pillars to support it will collapse.
#16 - April 23, 2020, 02:01:57 AM

  • Jr. Member
  • Posts: 84
  • Points: 130
  • Likes Received: 4
  • Reputation: +0/-0
3 The pillars discussed are very important, everything must be applied, not to leave one of them because it will greatly affect trading
#17 - April 23, 2020, 03:19:58 AM

  • Hero Member
  • Posts: 524
  • Points: 0
  • Likes Received: 65
  • Reputation: +2/-0
The pillar of forex trading preparation. before undergoing the forex business must already have stock of knowledge about the pillars of Trading systems / strategies, Money Management and Psychologists. 
All that must be known and developed from the beginning.
#18 - July 21, 2020, 02:43:00 AM

  • Sr. Member
  • Posts: 410
  • Points: 46229
  • Likes Received: 7
  • Reputation: +3/-0
the three pillars are indeed good and true because without the three pillars or one of the pillars there is no trading will not succeed. The 3 pillars must also be applied well and in balance.
#19 - July 22, 2020, 12:38:01 PM

  • Sr. Member
  • Posts: 462
  • Points: 25708
  • Likes Received: 20
  • Reputation: +1/-3
the three pillars are indeed important and need to be owned by a trader, especially the third pillar which is psychology or emotion which is very determining success in trading.
#20 - August 05, 2020, 05:30:48 PM

  • Sr. Member
  • Posts: 426
  • Points: 51533
  • Likes Received: 7
  • Reputation: +0/-0
In compiling a trading plan, a strategy and reality are needed and one more thing must be in accordance with the 3 pillars of trading which are very helpful in preparing a trading plan.
#21 - August 12, 2020, 06:19:51 PM

  • Sr. Member
  • Posts: 433
  • Points: 69385
  • Likes Received: 8
  • Reputation: +0/-0
The three pillars are all important, but in my opinion, the third pillar, namely psychology or emotion, is the most difficult and I think it is the highest level before a trader can achieve success in forex trading.
#22 - August 13, 2020, 05:33:32 AM

  • Sr. Member
  • Posts: 452
  • Points: 2273
  • Likes Received: 13
  • Reputation: +0/-0
The three pillars in trading are interrelated and interconnected, although one of them is the most important, but without the other two pillars it doesn't mean anything.
#23 - August 13, 2020, 06:39:53 AM

  • Hero Member
  • Posts: 628
  • Points: 0
  • Likes Received: 59
  • Reputation: +1/-1
Of the three pillars that are the most difficult to master regarding emostional, it takes understanding when trading, with the pillar of a trading psychologist, it is definitely more controlled.
#24 - January 05, 2021, 07:20:33 PM

  • Sr. Member
  • Posts: 457
  • Points: 32784
  • Likes Received: 9
  • Reputation: +1/-1
In compiling a trading plan, it must have a clear basis and these 3 pillars are very suitable as a basis for compiling a trading plan and also in implementing every strategy you have.
#25 - January 06, 2021, 04:34:34 PM

  • Sr. Member
  • Posts: 378
  • Points: 13171
  • Likes Received: 13
  • Reputation: +0/-0
The three types of management are indeed very important, especially risk management and psychological management, because these two things affect the level of risk.
#26 - January 07, 2021, 07:43:24 AM

  • Hero Member
  • Posts: 1214
  • Points: 938
  • Likes Received: 29
  • Reputation: +5/-5
I was once a colector technique, my Windows Office contained a PDF trading technique, bro, from the simple to the complicated use of many indicators, to full of my chart by the indicator, EA also tried bro, from the free to the one to buy, forexcopy even experienced , until finally Nemi is the forum and learn a lot from the thread-thread here, especially about the management of Paikology, bro.

Actually the technique of the number, the first thing to be mastered is our own emotions, I'm doing it, even though sometimes it still likes recklessness when facing a market that is not necessarily direction and licking the stopploss with the beauty, then I will be my next Marty OpenPosition. Bro. That's a mistake that I often experience in trading, hopefully our future will be better in facing the onslaught of the market.
#27 - May 17, 2021, 01:48:13 PM

  • Hero Member
  • Posts: 1309
  • Points: 1095
  • Likes Received: 11
  • Reputation: +0/-7
In our trading activities in the forex market, a trading plan is a systematic approach that regulates all aspects of trading. Broadly speaking, trading in the forex market consists of 3 systems that work simultaneously and are the main pillars, namely the trading system which includes the methods and strategies used (forex trading system), the money management system and the system for controlling and controlling emotions (emotion). management system). This approach model is often found in their experienced trading plans. Each system has provisions that we agreed upon previously (rule sets) to manage the objects that support our trading
#28 - May 18, 2021, 01:30:42 AM

  • Hero Member
  • Posts: 5458
  • Points: 1753
  • Likes Received: 561
  • Reputation: +22/-18
That's true and that's what I've done until now But it's as I always say here that Forex trading is not easy turning the palm of the hand There are many things we need to learn and pay attention to
#29 - June 19, 2021, 01:41:52 PM

  • Hero Member
  • Posts: 625
  • Points: 598
  • Likes Received: 6
  • Reputation: +0/-4
The trading plan is very important for us to make and follow, because with a clear and targeted trading plan we will be able to run well and will be able to generate maximum profits
#30 - June 20, 2021, 04:47:23 AM

Members:

0 Members and 1 Guest are viewing this topic.