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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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    Registered user Sixteen's Avatar
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    The very right way we can be able to grow in forex is to understand the need to build a great trading that will help give us the very possibilities of winning good in forex. A winning plan is necessary and its sure going to give us the best setup to achieve our goals in trading this business in a proper way. My plan is always to enjoy good trading and I will sure do my best to build a good system that will help me make wins with my very plans set in place.

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  3. #32
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    Trading plan is simple but to put things in the very right order is the most difficult thing to do, most trader's plan to learn and have a good experience before trading, but when they start learning they won't be that serious to learn, we can plan easily but to get the right experience and strategy to trade won't be that easy.

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  4. #33
    Registered user cutiekc's Avatar
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    The setting goals might be tricky, lets be careful about that and then know that setting goals should be done withgood approach and we have to be careful about that. Because when we set goals in the forex market and they are wrong and we just want to make money all the time frame the market, it will cost us, therefore the goals have to be realistic.

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  5. #34
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    It's good to plan before trading cause trading without plan is trading to failure, therefore we need to plan very well before trading in the market only then it will be easy for us to do things according to the way it will be in our favor, trading forex without plans will definitely lead to failure.

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  6. #35
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    Every possible means of trading must be done according with plan. A good plan is helpful and its always the way we can manage this trade and see that we can earn here. For us to win here, we should have a good plan about this business and put in every measures to see we make profits. With a good plan to develop a system, the ability to make profits becomes possible as we get on to maintain good winning.

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  7. #36
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    before we can build a trading plan we need to have a good understanding with the strategy used when we are trading,forex is a business that has to do with better understanding with the market,forex is a business that require we need to dedicate our time to learning and understanding how the market work when we are trading the market as trader.

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  8. #37
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    Quote Originally Posted by Eneregha View Post
    Trading plan is simple but to put things in the very right order is the most difficult thing to do, most trader's plan to learn and have a good experience before trading, but when they start learning they won't be that serious to learn, we can plan easily but to get the right experience and strategy to trade won't be that easy.
    Yes we should designed a best plan that will be helpful to cover up whole the trade and if our plans are strong and also our way of work is better then there will be less resistance in the way of success and we can smoothly earn huge profit ratios as we desires so this is very important to focus on better planning for running a successful trade.

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  9. #38
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    it is true that if you want to be a successful trader than you must prepare a strong trading plan to survive in the market for a long time period with low risk, its the best recommendation that you discuss that try to make a strong entry and exit points with a good risk and reward ratio and always try to build quality of trades than quantity of trades.

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  10. #39
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    Yes it is indeed truth that he that fail to plan have plan to fail if all traders can seriously learn to always obey this your thread and have a very organized plans the trading platform will always be a winning platform.

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  11. #40
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    First of all, i wil like to thank you for finding the time to put together al these beautiful ideas on how to come up with a vey good trading plan. Every single point that you have mentioned hee are very much necessary for a good trading plan. I just can not immagine anyone omitting out any of these wonderful trading factors and still wil like to make an impact in the business of financial trading. Trading the market is a serious work and every ability in us must be put together tio make an appreciable impact.

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