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Thread: Trading plan

  1. #1
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    Default Trading plan

    What can trading plan do for a foreign currency exchange trader? Trading plan is the action guidelines which allow a trader to perform all of his trading movements with a view to achieving his trading goals. Trading can become comfortable when a trader can make certain proper utilization of his money with the utilization of trading knowledge. And when making plan for future, a trader must be careful in crafting realistic plans.

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    To perform all of his trading movements with a view to achieving his trading goals trading is the action guidelines. With the utilization of trading knowledge a trader can make certain proper utilization and his trading will become very comfortable. Forex4you is a nice trading broker who helps their traders by different ways. To make good and effective trading plan they serve –daily trade data, report, charts, latest political news and so on.

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    For me trading plan is very important, as I include many things in it. I start with my entry and exit levels based on chart analysis. Then I have SL and TP indicators based on my defined MM level. I also have backup strategy what to do if market turns against me. What other traders do?

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    Many traders write on the forum about the trading plan. I have not met in real trading a trader who would write to himself a trading plan and follow this. It's just chatter, oh everyone chats, but no one does.

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