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Do you believe in using a Trading Plan?

Discussion in 'Beginners Bootcamp' started by FxMaster, Apr 6, 2015.

  1. nahiyar

    nahiyar Private, 1st Class

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    Making plan is necessary it will make your trading disciplined. Trading without any plan can mislead to do trading in haphazard style . Plan clears our targets and direct our skill to get our goals. We can become secure with trading if follow good trading plan.
     
  2. dianajs

    dianajs Private, 1st Class

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    I am not sure whether the trading plan exactly makes a trader disciplined - they usually either are or aren't disciplined to begin with, and following the trading plan depends on that, rather than the other way around.
     
  3. somebody with gun

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    The plan is simple: when cheap - buy, and when expensive - sell))
     
    Pharaoh likes this.
  4. kingsman

    kingsman Corporal

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    Its varies according to the scenario and I always trade according to the planning and most of the time I get success but some time I have to face the loss which is worst for me. I never trade blindly as I ever keep myself stick with me trading plan.
     
  5. hitfx

    hitfx Corporal

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    Trading plan necessary in trading. We cannot achieve our targets in business until or unless we hadn't define the plan to follow with. Forex market sudden changes so we must decide proper entry and exit by using stop loss and take profit to secure our trading.
     
  6. sadip.tammat

    sadip.tammat Spamming from the offices of JustForex

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    I believe, that having plan is always useful, not only in trading.
    On the other hand, when you`re a beginner, it`s hard to predict and plan something, cause you don`t have enough experience. But anyway, you should try to do it. Then, you`ll modify it or change it totally, but it will help you to see your goals clearly and to discipline yourself.
     
  7. hitfx

    hitfx Corporal

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    Trading plan is very essential ingredient in trading and without this we cannot be successfull in trading business. Before making entry into the Forex market we should make and stick to the plan to achieve our goals.
     
  8. dianajs

    dianajs Private, 1st Class

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    In theory - yes, in practice sometimes it turns out a little more complicated than that. You have corrections, reversals, news, etc. that require to adapt that plan.
     
  9. hitfx

    hitfx Corporal

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    Trading plan is very necessary part in this business and every one of us should follow the plan with discipline because without proper plan we cannot survive in this business so make a plan and follow with discipline.
     
  10. EURUSD

    EURUSD Sergeant Major

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    Yes in my daily trading still often using plan trading, I think this is important for every trader made plan to manage the risk and also determine target on reasonable target, depending also with style trading, with plan trading we can measure how much risk that able to bear on every single trades
     

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