Do you believe in using a Trading Plan?

fxoday

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721
A trading plan will help us to map risk tolerance and target profit, with the trading plan also will easy to evaluate trading, sometimes need to recognize the mistake of trading to make betterment trading skill.
 

ele020

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r
Absolutely essential, otherwise you're just gambling in my opinion.
Your strategy needs to be clear, concise and well thought out - it doesn't and won't ever be perfect.

But it does need to be structured with a goal, and measures.
right. trading without a plan is pure gamble and nothing else.
 

sarah2701

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94
No matter who you are or how good you are at forex you will always need to have a trading plan. The good traders who get to be the expert raiders do to jsut trade without a plan. When you have a plan you become organized and you are able to make better and well informed decisions. A trading plan saves you from making the sma mistakes that smot for the newbies make because of their emotions. if you do not trade with a plan then you will trade with emotions and that's what makes most people fail in forex trading. You need to know when to start and when to stop and the only way you can do that is if you have a plan. It will save you from a lot of trouble.
Nice explanation, and for new traders trading plan is one of the most important things to keep safe themselves from losses.
 

Charlieboy885

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93
I think it's irresponsible to trade without a plan, it just becomes gambling. It's the quickest way to blow your account. A trading plan help to keep your discipline and allows you to analyse what works and what doesn't.
 

Keithstyles1

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143
A trading plan will help us to map risk tolerance and target profit, with the trading plan also will easy to evaluate trading, sometimes need to recognize the mistake of trading to make betterment trading skill.
A trading plan will help us to map risk tolerance and target profit, with the trading plan also will easy to evaluate trading, sometimes need to recognize the mistake of trading to make betterment trading skill.
Definitely got to have a trading plan
 

Talar

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Messages
82
Trading plan is the only chance to remain cool-headed in order not to be driven by emotions but by the common sense which is crucial when it comes about finance and trading as due to emotions you are highly likely to waste all the money.
 

ZzzzzzZ

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Messages
34
Ima sure everyone has hisown plan. It's impossible to trade without plan. Ima can tell shortly. Ima first of all lookin' through the market news, then situation on the market on different pairs. Then Ima makin' technical analys and startin' tradin'.
 
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