3 Main Pillars In a Trading Plan

There are three pillars that you must prioritize here. The first is a system you must be able to use. What analysis to use, what techniques The second is money management, how much capital do you have, what are your risks and profits? The third is emotional management. You must be able to learn to be sincere and learn to use psychology.  the good one

The character of emotional management and money management is important for us to learn. Don't just learn about technical analysis related to charts, but also our emotions, but also money management. We also have to pay attention so that we know that trading requires all of these elements.

The use of emotional management and money management is the main factor in your success accompanied by your trading system as a trader because when you only focus on one, the other two will be lame and you cannot become a professional who masters everything.

- First up, you need a rock-solid strategy ? that's your game plan, your secret sauce.
- Next, risk management is like your safety net ? gotta know when to hold 'em and when to fold 'em, right?
- Last but not least, keep those emotions in check, my friend. Emotional stability is like the glue holding it all together.

So, remember: strategy, risk management, and emotional resilience. And to drill yourself for those, you must sharpen your knowledge and experience. For starters, you can learn from Forex educational websites like this https://insights.primecodex.com/ which provides you with some Forex educational materials.

In my opinion, the most important trading pillar here is the trading system itself.  It contains techniques for money management and emotional management and when you can master these three things, you will definitely become a professional who is able to make consistent profits.

You must remember that the use of money management and emotional management is number one in this case, when you trade you are obliged to use management so that everything will be orderly and you will be maximized for trading.

what you have to understand here is the use of good management, whether it's risk management, emotional management, money management, psychological management, everything you have to understand, secondly, you can focus on your trading system using technical analysis indicators or using manual techniques.