Do you believe in using a Trading Plan?

[george91]

start with plan but change with the time.

 

[downtrend]

Yes I do believe in using a trading plan. A trading plan is very important in order to do well in forex market.

 

[dianajs]

Of course I believe in using a trading plan. Being prepared for different scenarios is half of good trading - the other half is being disciplined and following one's plan.

 

[holycow]

Yes I do believe in using a trading plan. A trading plan is very important in order to do well in forex market.

I also think that we better keep a trading journal too and review it in our free time to evaluate our performance as well as mistakes.

 

[dianajs]

I also think that we better keep a trading journal too and review it in our free time to evaluate our performance as well as mistakes.

That is also a good idea. In my opinion, one should review their journal regularly and consistently, rather than just when one has free time. Make that time part of one's trading plan.

 

[nahiyar]

yes your journals are your best guider .You can easily know your performance. Then your next plan is defined what changes should be made in it. I must say your trading plan should be according to your targets, needs and market situation.

 

[EuroTrader]

yes your journals are your best guider .You can easily know your performance. Then your next plan is defined what changes should be made in it. I must say your trading plan should be according to your targets, needs and market situation.

We need to develop and use such a trading plan that can give us more profits from trading business. We all know that it is very important for a trader to earn income from his trading and for this he will need a good trading plan also

 

[Bruce Blair]

Trading plan is always in my mind. Without trading plan there is no way to set up a trade. Every successful trader have their own trading plan. So before start trading every trader should make a trading plan that how they start, which time frame they should use & how it works. Without proper trading plan all efforts will be gone in vein. So every trader should have a proper trading plan

 

[dianajs]

Trading plan is always in my mind. Without trading plan there is no way to set up a trade. Every successful trader have their own trading plan. So before start trading every trader should make a trading plan that how they start, which time frame they should use & how it works. Without proper trading plan all efforts will be gone in vein. So every trader should have a proper trading plan

There are probably some impulsive traders out there who aren't that organized and still manage to be successful, but personally, that's not something I would count on. I'd rather have a trading plan.

 

[hitfx]

Trading with proper planning is the key to get the success in forex trading, we can not earn from forex without having a unique plan, therefore I always make a planning and stick with that planning and I am earning reasonable amount while following a good plan.