Do you believe in using a Trading Plan?

kwasik

Recruit
Messages
5
You need a trading plan. IT helps you keep your discipline and not go outside of the trading goals you've set for your self.
 

Shalirad

Private, 1st Class
Messages
64
Having a trading plan is really important. Not just in forex but for all your life. Some people stick to their regular job and don’t think. They turn to machines that just do what always do. What’s the difference between a machine and a human? Brain of course. If those people stopped working hard, and just thought for a few hours about what can bring more money to my pocket? How can I do what I do with a more optimized way? I believe having a plan for entry, for exit, for everything is really wise.
 

bigdolly

Sergeant Major
Messages
897
Having a trading plan is really important. Not just in forex but for all your life. Some people stick to their regular job and don’t think. They turn to machines that just do what always do. What’s the difference between a machine and a human? Brain of course. If those people stopped working hard, and just thought for a few hours about what can bring more money to my pocket? How can I do what I do with a more optimized way? I believe having a plan for entry, for exit, for everything is really wise.
How to develop personal trading plan if you have zero knowledge about trading? The problem is that you don't know what goals to set if they are consistent with trading risk you take.
 
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