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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. #21
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    when we trade with this strategy then we can do everything according to our experience but it becomes difficult for us if market does not move according to our prediction so without a strong plan we are fail to achieve our target and that is the reality in forex trading market that with the best decision we can get profit.

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  3. #22
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    Having a plan is very necessary because in the looks of things some people don't have a plan in trading forex market which makes them to trade the market in a manner that he/she does not deserve profit from the market. A man that have no man will end up following others people plans in this business and if you are the type of person that does not have plan then you can't go far in forex.

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  4. #23
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    Successful trading involves planning your trade and trading your plan, Traders should treat trading as a business and just like any business, there should be a master plan to follow. All your trading decision should be planned prior to the time you would be taking the decisions. If your plan is good, then you will be successful, and if your plan is not good enough, you can always improve it.

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    the good planning is really important to make the trading strategy implementation is done schematically and so we knowbl the rules how to enter the market and also exit from the market with using good money managements where the risk is controlled tightly.
    this mean that traders should know what elements should be taken to composite the plan properly and follow the rules with good didcipline also patience

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  6. #25
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    Quote Originally Posted by coolless View Post
    Having a plan is very necessary because in the looks of things some people don't have a plan in trading forex market which makes them to trade the market in a manner that he/she does not deserve profit from the market. A man that have no man will end up following others people plans in this business and if you are the type of person that does not have plan then you can't go far in forex.
    we must to have it. it same like our purpose and as trader we need a plan to run this business correctly, yes mate without a plan we can't get a good profit in this business and as trader we must to have own plan and not only following others because all trader is different. all traders want to success but way is different of each others.

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  7. #26
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    This is a very great way of trading because a plan will sure give us all it takes to work through the means of making good profits at the best point in time. The right plans is necessary and its sure what will give us the opportunity to build a profitable trading that will help us maintain a promising means of trade. Let's learn to make strong plans in our trade and do everything it takes to ensure that this our plans are achievable with the right trading method.

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  8. #27
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    A good trading plans have to go with the right mindset, you know if you understand the context of the market and know what the business is all about you see that having the plans is just one of the things needed to trade profitably. Therefore after having the plan, just ensure to follow good trading discipline and then strategy else nothing works.

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  9. #28
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    It is very helpful thread to asses what kind of abilities we have to use and how we are prepare our mind for take some risk and the whole picture of trading all will be based on our capability according to the price fluctuation if a trader consider all these point before take decision i think it is really best and useful to make good plan .

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  10. #29
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    Building a winning trading plan is not something you sit down one day and draw up, this is not how it works, the best way is to have something on paper which you trade, it is in the course of trading that you will gradually begin to build your trading plan because after testing the trading strategy on the live account, you can now differentiate between when something will work or not, that is the best process that needs to be followed before we build a better trading plan.

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  11. #30
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    Quote Originally Posted by Tonycee View Post
    This is a very great way of trading because a plan will sure give us all it takes to work through the means of making good profits at the best point in time. The right plans is necessary and its sure what will give us the opportunity to build a profitable trading that will help us maintain a promising means of trade. Let's learn to make strong plans in our trade and do everything it takes to ensure that this our plans are achievable with the right trading method.
    Yes a wining plan is our requirement after choosing the best trade strategy because a right plan always support us to win through it and if we working with own best ideas and realize the importance of all the effective factors then we can easy to engage in the market with winning successful trade so we should to pay attention on this aspect for earning a lot of profits.

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