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Chapter 29, Part II. Starting With Trading Plan Creation. Page 6

Discussion in 'Complete Trading Education- Forex Military School' started by Sive Morten, Dec 27, 2013.

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  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    - Programming some indicators. For instance, you may need some indicators that are not included in free software, as MT 4. But this program allows you to program them – still you have to pay for it, depending on complexity 50-150$ per indicator. If you can do it yourself - much better.

    - If you plan to rent an office – be ready for additional rent fee and corresponding utility payments.

    Here what we have:

    [​IMG]

    Treat it just as a common approach. Also, this plan will help you in the next year, when you will not have as many fixed expenses as Software and hardware purchasing. This plan could be more detailed – you may point some items with more precision. This plan assumes that your monthly wage is around 1500$ net. Your initial profit task could be to reserve money not by job (250$) but by trading profit. Earning of 250$ per month with 10K account value seems quite realistic even in the beginning, when your initial study will be over. Still study never ends, but after some time it starts to be financed by your trading profit. There is no need to be ashamed if you appointed target as to survive for the first year. This is also an excellent target and it’s not easy to complete it.

    Pay attention that your major savings almost stands untouched in the first year. This is a good sign since you will need them when you will turn to real account trading from a demo account. In second and followed years your monthly reserved sum will be enough to pay for education and sitting on demo and keeping the major sum intact. That is also a good sign, since you may stick with learning as long as you need, without any financial problems.

    [​IMG]
     
    #1 Sive Morten, Dec 27, 2013
    Lasted edited by : Oct 8, 2016
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