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Do you believe in using a Trading Plan?

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

  1. DaveT

    DaveT Corporal

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    I don't think you should have profit and loss targets. This puts unnecessary pressure on yourself. You should just ensure you always make the correct decisions.
     
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  2. JamesForexSlayer

    JamesForexSlayer Corporal

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    I agree. Take Profit and Stop Loss on trades but targets could make you overtrade.
     
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  3. momo3HC

    momo3HC Corporal

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    Yeah Forex is not a targets oriented.
     
  4. RachelEB

    RachelEB Private, 1st Class

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    having a plan and trading the plan is the best way, and often overlooked as a new trader i feel.

    Preparation and planning can save you a lot of hard lessons down the road!
     
  5. MikeMike

    MikeMike Recruit

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    Interesting opition. Imo, you need to have a trading plan to limit your losses and shapen your strategy.
    For the majority of trades at least. Or at least some rules.
    How do you trade? ;)
     
  6. MikeMike

    MikeMike Recruit

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    Or you mean Forex trading only?
     

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