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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. #671
    Registered user Yayami's Avatar
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    Quote Originally Posted by yimu View Post
    Learning is best option for trader then he could find that best way for trading. Build everyday strategy plans are very important for trader but only that situation of make it for trading then you can working on it with hardworking and patience trading method. Getting success on forex market are big challenge for trader, it is very difficult for trader but not impossible.
    learning isn't an option for traders, it's the most important thing to do especially in the first time of people who just newly come into this business. none of them can build their own winning plan without having the knowledge and related experience in trading and with any strategies. making ourself a working trading plan is the next stage we can pass after we finish our process with learning. we can't skip the phase without learning.

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  3. #672
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    To follow the market rules and work with discipline always make the solid plan and when we are following a plan before open the trade at the real market we can see the trade will work very accurately so this is important tool to make the plan and design own strategy to get the higher earning potentials from the real market .

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  4. #673
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    It is not simple for trader to build everyday winning trading plans you have need to a lot of understanding and take strong market skills well then you can make everyday winning trading strategy plans for trading and getting good profit or loss in it. Trend line and bollinger band both are very suitable trading method for trading and i have always develop about this trading way.

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    Registered user Sixteen's Avatar
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    If we can do what it's important here and follow the best plans to trade, there is huge possibilities to make good profits from this trade. A plan is important here and would bring about good opportunity for us to earn very often. If we can have a process to build a plan we will be able to trade better and have the possibilities to earn well. Without a plan we are likely to trade for nothing and the possibilities of easily loosing will be high. I do make sure I get on to plan on this trade and my effort here is to build a profitable system that works.

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  6. #675
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    In this business, setting up your building and trading plan is one of the key facts that will keep your business going.. Because they said, if you fail to plan you are planning to fail. So one of the ways you as a trader can be able to enjoy your trade is by monitoring your business before and after the ends day business. Get a jotter or paper and try to note down some things you suspected that must have caused the rise or fall of market that period.

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  7. #676
    Registered user amjad23510's Avatar
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    Quote Originally Posted by treasurechristain View Post
    In this business, setting up your building and trading plan is one of the key facts that will keep your business going.. Because they said, if you fail to plan you are planning to fail. So one of the ways you as a trader can be able to enjoy your trade is by monitoring your business before and after the ends day business. Get a jotter or paper and try to note down some things you suspected that must have caused the rise or fall of market that period.
    Planning is necessary thing for a business man.If you want to start any business,you need to have some planning and must discuss with some people before investing.There are some needs of any business.Forex trading is also a real business and it requires too much struggle and learning.We need to spend our time in learning and developing trading strategies and it is a way to get our aims from this business.

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  8. #677
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    A winning plan is all that we need to be able to make it in Forex trading,but building one does not come cheap at all,a lot of effort is put into making sure that we have a system that can pay us consistently in this market,a system can only be regarded as a winning one if it pays on a consistent basis.

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  9. #678
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    Trading plan is very important for trader because he will know what he will do in that or that market conditions and how he will use forex market movements to earn money. Trader without a plan can sit all day long and to do nothing because he will be waiting for the best price but not the price to reach level where he can open orders.

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    For building a proved strategy you first need to learn the understand the forex aspects. Then you should have enough practice so that you can trade emotionlessly. Taking control over emotions is as important as money management. If you will have a good strategy but poor money management then you can never be successful in forex. Learning from your past mistakes is also necessary to avoid such mistakes in the future. All the things together make a perfect strategy.

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  11. #680
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    Quote Originally Posted by Sixteen View Post
    If we can do what it's important here and follow the best plans to trade, there is huge possibilities to make good profits from this trade. A plan is important here and would bring about good opportunity for us to earn very often. If we can have a process to build a plan we will be able to trade better and have the possibilities to earn well. Without a plan we are likely to trade for nothing and the possibilities of easily loosing will be high. I do make sure I get on to plan on this trade and my effort here is to build a profitable system that works.
    The possibility in trading successfully lies on the trading strategy that we have and then the trading plan. In that aspect, it is needed that the trader gets to be aware on the fact that they need to control their emotions. A good trading plan also means a realistic one, so when we have a trading plan which looks good but is not realistic, we are going to set our selves up for losses.

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