Forex Zone - Forex Forum
  1. Forex Zone - Forex Forum
  2. General Category
  3. General Forex Discussion
  4. How to make a Trading Plan

How to make a Trading Plan

Discussion started on General Forex Discussion

Print
Pages: 1 ... 41 42 [43] 44 45   Go Down

Ikhtiar

  • Hero Member
  • Posts: 18151
  • Points: 30
  • Likes Received: 33
  • Reputation: +2/-0
Making a trading plan that is not basic, or even overly confident will not be good for trading, therefore the correct way to make a trading plan is with a strong basis.
#631 - February 17, 2024, 12:35:18 PM

Dyandra

  • Hero Member
  • Posts: 65308
  • Points: 639
  • Likes Received: 57
  • Reputation: +53/-46
One way to create a trading plan is to create the trading system itself which includes the use of risk and management techniques which you must be able to carry out every day with realistic goals.
#632 - February 23, 2024, 12:59:28 AM

Ikhtiar

  • Hero Member
  • Posts: 18151
  • Points: 30
  • Likes Received: 33
  • Reputation: +2/-0
Most forex traders will feel that when creating a trading plan to enter a trade it is largely based on instinct. When making a trading plan, of course you have to use good money management.
#633 - February 25, 2024, 10:22:48 AM

Dyandra

  • Hero Member
  • Posts: 65308
  • Points: 639
  • Likes Received: 57
  • Reputation: +53/-46
The earliest trading plan is to create the trading system itself using indicators or using other methods. The second is setting up your financial management which will later enable you to manage your own money.
#634 - March 01, 2024, 06:06:43 AM

Ikhtiar

  • Hero Member
  • Posts: 18151
  • Points: 30
  • Likes Received: 33
  • Reputation: +2/-0
When making a trading plan, what you must pay attention to is risk management to manage the potential losses that you might experience. This can help traders determine realistic Forex trading profit targets so that later there are no margin calls.
#635 - March 01, 2024, 06:09:21 AM

Dyandra

  • Hero Member
  • Posts: 65308
  • Points: 639
  • Likes Received: 57
  • Reputation: +53/-46
When you want to make a good trading plan, you have to be able to create a system first, second is management, third is your target, everything has to be realistic and you can master it.
#636 - March 09, 2024, 01:47:11 AM

Ikhtiar

  • Hero Member
  • Posts: 18151
  • Points: 30
  • Likes Received: 33
  • Reputation: +2/-0
When making a trading plan, there must be a trading system, and in the trading system there is a complete list of where to enter and exit as well as the fixed risks and what currency will be traded.
#637 - March 09, 2024, 01:51:22 AM

Dyandra

  • Hero Member
  • Posts: 65308
  • Points: 639
  • Likes Received: 57
  • Reputation: +53/-46
so that you can plan something carefully then you must be able to have the opportunity to focus on carrying out trading with the right system with the right strategy and management
#638 - March 17, 2024, 03:11:06 AM

Ikhtiar

  • Hero Member
  • Posts: 18151
  • Points: 30
  • Likes Received: 33
  • Reputation: +2/-0
There is no trading plan that we can make perfect overnight unless you can predict the future, that's why we have to make trading plans with science and not based on predictions.
#639 - March 17, 2024, 03:15:22 AM

Dyandra

  • Hero Member
  • Posts: 65308
  • Points: 639
  • Likes Received: 57
  • Reputation: +53/-46
Unfortunately, I am interested in making system planning and management planning because I think engineering and management are difficult, so I have made plans to prioritize that.
#640 - March 18, 2024, 05:38:15 AM

Orion

  • Hero Member
  • Posts: 503
  • Points: 19
  • Likes Received: 2
  • Reputation: +2/-0
If you want to make a good plan then you should start with the second management system and the third psychological system
#641 - March 19, 2024, 08:02:04 AM

Ikhtiar

  • Hero Member
  • Posts: 18151
  • Points: 30
  • Likes Received: 33
  • Reputation: +2/-0
In essence, when you make a trading plan, you have a plan for where you will buy or sell the instrument you are trading. For example, if you buy EURUSD then your analysis is wrong then there you already have a plan where you will sell EURUSD at a loss.
#642 - March 19, 2024, 09:29:23 PM

Vernalta

  • Hero Member
  • Posts: 67253
  • Points: 643
  • Likes Received: 99
  • Reputation: +18/-46
If you want to make a trading plan then you should be able to focus on making big profits and this will be an important thing
#643 - March 21, 2024, 03:02:39 AM

Ascella

  • Hero Member
  • Posts: 18231
  • Points: 46
  • Likes Received: 4
  • Reputation: +0/-0
so that it is easy for you to create the system first after you create the system you can create the management. When you have created it then you just have to run it
#644 - March 22, 2024, 03:17:14 AM

Lyra

  • Hero Member
  • Posts: 19219
  • Points: 48
  • Likes Received: 10
  • Reputation: +0/-0
Make a plan where when the plan is executed you have three things, namely systems, management, techniques, and you must be able to use them, you must be able to utilize them.
#645 - March 23, 2024, 03:01:42 AM
Print
Pages: 1 ... 41 42 [43] 44 45   Go Up
  1. Forex Zone - Forex Forum
  2. General Category
  3. General Forex Discussion
  4. How to make a Trading Plan

Members:

0 Members and 1 Guest are viewing this topic.


How to make a Trading Plan in General Forex Discussion_collapse Refresh Activity Stream (It's automatically updated) Open Activity Stream in Popup Activity: