Do you believe in using a Trading Plan?

[downtrend]

It is true that the markets will keep on changing and if we want to become a successful trader in this business then we have to make use of a dynamic trading systems

Market does change from time to time but overall its a repeated pattern that is being followed by the market. As the charts depict human behavior so it can't change all together to form a totally different pattern.

 

[dianajs]

Market does change from time to time but overall its a repeated pattern that is being followed by the market. As the charts depict human behavior so it can't change all together to form a totally different pattern.

I agree. It's very important to learn to recognize the different market patterns so we can utilize them to their fullest potential when we trade.

 

[EURUSD]

Market does change from time to time but overall its a repeated pattern that is being followed by the market. As the charts depict human behavior so it can't change all together to form a totally different pattern.

Yes trend market always changed and very dynamic, sometime we can't understand with movement that occur, and manage money in forex trading need risk management plan and learning trend market tendencies to get better time making entry and exit point, or we use plan trading

 

[ForexVerified]

Market does change from time to time but overall its a repeated pattern that is being followed by the market. As the charts depict human behavior so it can't change all together to form a totally different pattern.

It's true, but we may miss the pattern altogether by a wide margin even when we think we know the pattern has repeated.

 

[EuroTrader]

It's true, but we may miss the pattern altogether by a wide margin even when we think we know the pattern has repeated.

We do see many trading patterns and which one is going to give us profits will only depend on how string the undercurrent is in that particular pattern.

 

[ForexVerified]

We do see many trading patterns and which one is going to give us profits will only depend on how string the undercurrent is in that particular pattern.

The question is - how can we know how strong the undercurrent is?

 

[EuroTrader]

The question is - how can we know how strong the undercurrent is?

If you have used the Volumes in the charts you can see the spikes that are coming and how much trade is going in a particular direction.

By combining the Charts of the M1 and the M5 you would be able to see the short term directional moves that are coming and how much strong they are.

The main thing you need to know is that this will come with both practice and experience

 

[downtrend]

Trading plan is a must. You need it all the time in your trading. If you will try to trade without a trade plan, then you won't be able to maintain your winning streak.

 

[EuroTrader]

Trading plan is a must. You need it all the time in your trading. If you will try to trade without a trade plan, then you won't be able to maintain your winning streak.

We should be using a trading plan that is suited to our trading needs and the one with which our trading will become easier for us. This is why we have to know the importance of a good as well as stable trading plan

 

[BeiShi]

I think every successful trader has his trading plan, that is cheked and verified