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  1. #1
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    Building a wining trading plan

    An old billionaire saying that "Fail to plan and you plan to fail"It mean only those trader who are working proper in market with passion will always get good market understanding and it will help them to build a good trade system .Those trader who got success in market will tell you very clearly that you can either methodically follow a written plan , or failed .
    A trader will get success from market only when we have complete investment plan because all based on preparation ,your success won't come immediately ,but at least you are in a position to chart and modify your course , by documenting the process you learn whaat works and how to avoid repeating costly mistake .

    Here are essential recommendation to build a master trade plan

    Skill assissment
    First of all trader must think he is able to make a trade and what system he will used , what he develop and what kind of skill is an important weapon to work and on behalf we can perform ,Here is a battle of give and take who have skill assessment will get success .
    Mental preparation
    How's a trader feel? did he get a good night sleep if a trader is not emotionally and psychologically ready to do battle in the market , it is better to take the day off otherwise your riks losing money is increase , so we always do our work with constant state of mind and take challenges with cool mind .
    Set risk level
    How much risk of investment a trader will take it is depend on trader style and risk tolerance capacity it can be ranged any where upto 10% in single trade Its mean when your risk target is complete you just take rest and go away from market .
    Set goal
    Our target must have based on realistic basis according to the risk and reward ratio , what is the minimum risk or reward you will accept , many trader will not take a trade unless the potential profit is at least three time greater then your risk .
    Do your home work
    Before the market open , check what is going on around the work , mean learn about the effect of dollar and all other fundamental which effect price on same time we have to get knowledge about the technical level and all breakout so we face minimum risk
    Trade preparation
    whatever trading system and program used , label major and minor support and resistance level set alerts for entry and exit signals and make sure all signals can be easily seen or detected with a clear visual signal .
    Set exit rules
    Most traders make the mistake of concentrating 90% or more of their efforts in looking for buy signals, but pay very little attention to when and where to exit.many trader do not sell if they are down because they don't want to take a loss , get over it or you will not make it as a trader , if your stop get hit it means you were wrong , take it professionally and make sure our emotion does not disturbed .
    Set entry targets
    Entry decision is very simple we take after little analysis we are able to make fresh trade but we do make a good trade only if our entry is on right time we take own decision making skill at the time of enter in market and exit from market and more importantly exit signal .
    Make record all trade
    we have to record all of our close trading because that will be very important and will give trader advantages for making solid trade plan we have to work with better trade strategies we are using , the advantage of record is in future trade we solve our previous problems always .

    Conclusion :If a trader is working with good ideas and with written strategy and with full record so that will always give us confidence we take better decision in trading there is no guarantee for earning 100% from market , they earning chances is more based on our skill of winging and losing and important factor is decision making in all of our trade .make up your mind develop strategies use best risk management with good skill of decision making our trade will get success and we do our work with fully confidence .

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  2. #11
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    Quote Originally Posted by Ulthred View Post
    Without a plan we are set out to fail and that's the pure truth in forex. We must really look to build the perfect plans that would give us the chance to maintain a good trade and as well see we can have a solid means to earn profits from forex. Plans are helpful and would always give us the possible means to which we can improve in time. We must make the best decision to plan good on this trade and work on the plans that will increase our ability to be a good trader.
    I agree with you because all the trader need to work with proper plan and we must have to work to understand these important trade ideas , so if we work well we should do make successful plan , we use different ideas for perfection in trading and this article is helpout to find the ability and their best use .

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    Quote Originally Posted by zahra2 View Post
    I agree with you because all the trader need to work with proper plan and we must have to work to understand these important trade ideas , so if we work well we should do make successful plan , we use different ideas for perfection in trading and this article is helpout to find the ability and their best use .
    A strong plan is our first priority before making good trade strategy so we should have good ides that can give us helpful material to form a solid planning for guaranteed trade results in this business so with the help f strong trade method and plan we can easy to approach on the success with adopting best directions of market.

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  4. #13
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    The things about planning is so much important, if you don't plan then you will have issues with following up with the market, we all need a good trading plan. Then not just that but then we need to be disciplined so that we can follow the plan when trading in the market, without the trading plan, we are not going to be able to have the context by which the market works and then trading profitably.

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  5. #14
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    This is very valuable information that favors to every trader for approaching on the success with making up a winning plan for outstanding results so this is our basic need to build own unique trade plan than we look onto the best trade strategies for self but if we fails to form planning then the strategy will have not worth for successful trade results so we should to keep attention for forming a best trade plan with good knowledge for supporting self for earning profits.

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  6. #15
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    A wonderful and winning trading plan cannot be done without inculcating money management into it, your risk management abilities goes a long way to tell how far you will go in this business, building a winning plan is a function of trading with the demo, it is the understanding gained from their that can now be used for planning, you need to set up your risks boundaries very well.

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  7. #16
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    This is a very good thread it have different point that are necessary for trading and part I like most is the part that says that the trader have to be mentality prepared for the market in order for him not to loss his trade because when he is not ready to trade he stand the chance of losing their money and the business is not a business you trade with emotions involve, I comment this thread very much and also want to appreciate your efforts and time in putting this together.

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    Quote Originally Posted by melan View Post
    This is very valuable information that favors to every trader for approaching on the success with making up a winning plan for outstanding results so this is our basic need to build own unique trade plan than we look onto the best trade strategies for self but if we fails to form planning then the strategy will have not worth for successful trade results so we should to keep attention for forming a best trade plan with good knowledge for supporting self for earning profits.
    In my point of view For winning a strong planning we ought about it and spend a lot of time period on this business for increase the understanding with this market as much we understand everything then we can easily stable in this market with earning higher reward from this business so put attention on the planning and select the best trade systems for making an accurate trade from it.

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  9. #18
    Registered user Yayami's Avatar
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    Quote Originally Posted by bilal786 View Post
    In my point of view For winning a strong planning we ought about it and spend a lot of time period on this business for increase the understanding with this market as much we understand everything then we can easily stable in this market with earning higher reward from this business so put attention on the planning and select the best trade systems for making an accurate trade from it.
    i don't really get it about your opinion with "we can easily stable" as i see there might be more words left to complete the sentence. i think it's gotta be with how we can establish our earning with a trading plan, which for me it makes more sense and logical. nevermind that, talking about winning plan it's a thing we can make by practicing with our strategy and after we learn a lot from many examples from our own mistakes or by taking tips from other's experience.

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    Quote Originally Posted by melan View Post
    This is very valuable information that favors to every trader for approaching on the success with making up a winning plan for outstanding results so this is our basic need to build own unique trade plan than we look onto the best trade strategies for self but if we fails to form planning then the strategy will have not worth for successful trade results so we should to keep attention for forming a best trade plan with good knowledge for supporting self for earning profits.
    For build up a winning plan we need knowledge and follow the rules of trade with use of own ideas this will be specialized for us to win a best trade plan for earning with follow it so we need to struggles consistently and find the right trade startles with own plans we will give it worth for earning.

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  11. #20
    Registered user Lyon's Avatar
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    To my best of knowledge, having a trading plan is way more simple, the hard thing is having the strategy of how we trade known, when we know that trading strategy and then we know how to follow the trading strategy the trading plan, just have to be the stoploss setting and then how to manage the trade which is quite so much simple and easier.

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