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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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    A good plan will determine so much and its one of the ways to make sure we can have a means to trade well and be ready to earn from this trade. If we can plan to build a winning method, we will have the possible approach to earn and enjoy what a good trade is all about. A plan is amazing to have and with a well executed plan, we can have what it would take to make real winnings from our executed trade.

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    there are some points which should be learned and mastered well by traders before build the good trading system and give us winning consistently, and this is a long journey which should be passed where the experiences become the factors for us to understand this thing with well
    the skill and knowledge, these becomes the first thing should be had by us before take next steps, we need to know how to analyze the market to get the right point to enter and exit from the market, set the money managements with using lots size setting, stop loss or take profit and stable psychologies to make wise decisions

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    Good trading plan means that trader is ready to earn money in forex market. He knows what to do in any situation and knows support resistance levels where he can place orders and be ready for market reversal or breakout. It is easier to trade having a plan and knowing what have to be done in different forex market scenarios.

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  5. #544
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    Quote Originally Posted by Giedra View Post
    There should be daily trading plan what trader does in that or that market scenario. He must have prepared entry and exit points and be ready for market turning against him and how he will do in this case. Trading without a plan is very difficult because trader spend a lot of time and do not know where to enter the market.
    Everyday make strong and successful trading strategy plans does't simple matter for everyone which are working on this business. You have need to enter the market with low risk but powerful strategy then you can generate everyday good profit from market in short time otherwise not. Sometime without good planning and patience trading method getting success on this business are difficult for trader.

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  6. #545
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    When we have better understanding and experience of trading forex that's when we can build winning trading strategy, if we lack the right knowledge and experience of trading forex it will be hard for us to trade successfully, success can only be achieve in this market when we have a better understanding about the market cause that's when we can construct a good strategy.

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  7. #546
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    Quote Originally Posted by Rola View Post
    Good trading plan means that trader is ready to earn money in forex market. He knows what to do in any situation and knows support resistance levels where he can place orders and be ready for market reversal or breakout. It is easier to trade having a plan and knowing what have to be done in different forex market scenarios.
    The good trading plan has to be completed with the good trading strategy, in the sense that they all works hand in hard and when the trader has both of them, I am sure such trader will be able to succeed, a trading plan from my experience is not hard to be built, only a trading strategy that works gets so much hard to be built, so we need to be patient in that regards.

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  8. #547
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    Quote Originally Posted by Eneregha View Post
    When we have better understanding and experience of trading forex that's when we can build winning trading strategy, if we lack the right knowledge and experience of trading forex it will be hard for us to trade successfully, success can only be achieve in this market when we have a better understanding about the market cause that's when we can construct a good strategy.
    Make a plan id also one of the important tool to make the trade process very well by always following it so on the basis of making a plan and with the help of trading experience and our best knowledge will make the plan better that help to stop the losses and also effects positively and we will avail success easily .

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  9. #548
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    Became patience are very important for trader after it you should build strong and successful trading strategy plans and generate everyday some pips good profit from stock market. Trend line and scalping are my suitable experience strategy now these days on market but already taken good knowledge about these both trading method are prove that helpful toward success on this business with capital profit.

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  10. #549
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    Quote Originally Posted by mudassor View Post
    Make a plan id also one of the important tool to make the trade process very well by always following it so on the basis of making a plan and with the help of trading experience and our best knowledge will make the plan better that help to stop the losses and also effects positively and we will avail success easily .
    The major thing is to make the plans and then keep to it consistently, that is the most important thing the traders should do. When you have the good trading strategy that you want to make use of, that will really help you improve and also don't be the kind of trader that changes strategy more often, stick to one and be consistent with it, then you can see your self improved.

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  11. #550
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    Quote Originally Posted by Darkhorse View Post
    The major thing is to make the plans and then keep to it consistently, that is the most important thing the traders should do. When you have the good trading strategy that you want to make use of, that will really help you improve and also don't be the kind of trader that changes strategy more often, stick to one and be consistent with it, then you can see your self improved.
    I agree if we have good trading strategy we missed many learning point this is important when we are newly formed a new trade strategy it is helpful and give assistance for develop of the ingredients which are most useful and helpful to survive in this market we have to be aware all the component and its use for building a perfect trade plan .

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