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How to make a trading plan correctly

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nawwa thalorenz

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Quote from: trader ndeso on February 09, 2019, 07:30:43 AM
as a forex trader, certainly requires analysis and a good capability, and must have a plan that is cooked before deciding to execute market, well how did you guys make a good plan and trading correct
in my opinion a good trading plan is simple, the management of capital that is appropriate, mapping trading, and discipline of the rules that have been made. what is happening now among crowded traders who are not firm, do not dare to cut losses and often hold a minus position.
#46 - February 13, 2019, 01:51:21 PM

Madealvin

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Quote from: trader ndeso on February 09, 2019, 07:30:43 AM
as a forex trader, certainly requires analysis and a good capability, and must have a plan that is cooked before deciding to execute market, well how did you guys make a good plan and trading correct
In my opinion, I learned first 1 trading techniques and strategies until we are able to master. Do not change to replace the technique that will make us confused and even make a wrong decision when open later.
Then make a Trading Plan for short weekly and long term monthly periods. Review the results of trading every week whether it is in accordance with the trading plan that we made. hopefully this way can get a stable profit.
#47 - February 13, 2019, 10:35:38 PM

trader ndeso

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Quote from: Madealvin on February 13, 2019, 10:35:38 PM
In my opinion, I learned first 1 trading techniques and strategies until we are able to master. Do not change to replace the technique that will make us confused and even make a wrong decision when open later.
Then make a Trading Plan for short weekly and long term monthly periods. Review the results of trading every week whether it is in accordance with the trading plan that we made. hopefully this way can get a stable profit.
Thank you very much Sir, your advice is very build once for me,

Oh so so here's how to make consistent profits, this may be the way I apply in my trading plan
#48 - February 14, 2019, 04:24:18 AM
« Last Edit: February 14, 2019, 04:26:16 AM by trader ndeso »

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#49 - Today at 02:26:31 PM

hafid87

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Quote from: trader ndeso on February 09, 2019, 07:30:43 AM
as a forex trader, certainly requires analysis and a good capability, and must have a plan that is cooked before deciding to execute market, well how did you guys make a good plan and trading correct
To set up a trading plan well we need financial arrangements properly too, how we manage profits and how we manage losses. Then, consistent is also very necessary as well as discipline. Consistent in terms of profit that can be managed correctly and so is loss. We should divide between profit and loss.
#49 - February 14, 2019, 04:28:30 AM

Kaguya89

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Quote from: nawwa thalorenz on February 13, 2019, 01:51:21 PM
in my opinion a good trading plan is simple, the management of capital that is appropriate, mapping trading, and discipline of the rules that have been made. what is happening now among crowded traders who are not firm, do not dare to cut losses and often hold a minus position.
in my opinion is to study psychology first and then choose a strategy that is suitable for us to use trading, and the last one to continue trading the system that we have matched with our trading style to really master it and select only 1 pair for trading
#50 - February 14, 2019, 04:31:56 AM

alfrz26

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Quote from: trader ndeso on February 09, 2019, 07:30:43 AM
as a forex trader, certainly requires analysis and a good capability, and must have a plan that is cooked before deciding to execute market, well how did you guys make a good plan and trading correct
before the entry I usually turn off the analysis first, after that find the right price for SL and TP using mini lots with calculation of risk loss and profit rather than capital.
#51 - February 14, 2019, 04:38:37 AM

SPRDI

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Quote from: trader ndeso on February 09, 2019, 07:30:43 AM
as a forex trader, certainly requires analysis and a good capability, and must have a plan that is cooked before deciding to execute market, well how did you guys make a good plan and trading correct
very good question that you ask, if I personally prepare a good and correct trading plan I always take into account risk and reward before making an analysis to determine the open position, and for trading plans I often use 1:50 to 1: 100 small leverage and also I use support and resistance techniques as my reference material to determine open positions
#52 - February 14, 2019, 04:45:23 AM

SPRDI

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Quote from: aizafx on February 09, 2019, 07:50:29 AM
Make plan trading in forex, of course in our plan will included with system trading that will implemented, and then about money management, lot size that will be used must be adjusted with trading setup and capital, then risk management, we can put stop loss at a certain level and distance pips that able to bear for maximum risk each plan.
yes, so in essence the implementation of trading plan must be done starting from Monay Management Trading and trading planning must be really planned carefully, and I also often use techniques from various indicators to maximize my analysis and also to measure the quality of my trading, so this become a benchmark for me to learn more deeply about this
#53 - February 14, 2019, 04:54:43 AM

SPRDI

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Quote from: Tahajud on February 09, 2019, 09:56:21 AM
Business plan contains targets that we must achieve in trading. This is important because when we do something without a clear target, we will be confused and our efforts will be in vain because for nothing. If without a target, we will lose time, energy, mind and money without realizing it, for something we do not know for what and for what.
yes, absolutely the target or achievement is very important to be applied in forex trading because with our target we can be more disciplined with traffic and we can also know more about our trading capabilities, and by determining profit targets we will be more disciplined about this.
#54 - February 14, 2019, 05:01:29 AM

nddy67

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Quote from: trader ndeso on February 09, 2019, 07:30:43 AM
as a forex trader, certainly requires analysis and a good capability, and must have a plan that is cooked before deciding to execute market, well how did you guys make a good plan and trading correct
Make me a demo, the sentence crossed my mind, before executing the market it would be nice to use a demo account.



#55 - February 14, 2019, 05:28:55 AM

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#56 - Today at 02:26:31 PM

SPRDI

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Quote from: Tahajud on February 09, 2019, 05:57:55 PM
Yes, that is true. And the importance of the business plan on trading is as our guide to stay on the right path. Because the business plan contains targets that we must achieve, therefore we will know whether what we are doing is still on track or not. So then we can be clear where we want to be and will be able to immediately know that if we are off the track or go wrong then we can hurry back again.
yes, absolutely all trading planning really must be done as an ingredient of our reference to transact in the international forex market, and trading planning must also be done and set according to the rules you make and the importance of trading planning is to measure how much profit and our loss in trading
#56 - February 14, 2019, 05:29:20 AM

SPRDI

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Quote from: nawwa thalorenz on February 13, 2019, 01:51:21 PM
in my opinion a good trading plan is simple, the management of capital that is appropriate, mapping trading, and discipline of the rules that have been made. what is happening now among crowded traders who are not firm, do not dare to cut losses and often hold a minus position.
yes trading planning on its basis consists of the use of stop loses using take profit and also the use of lots traded as material for transactions and also not forgetting the number of open orders also part of trading planning,
#57 - February 14, 2019, 05:32:24 AM

nawwa thalorenz

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Quote from: Tahajud on February 10, 2019, 01:13:07 AM
I think the 10 percent target of capital is still quite realistic, because most tarders who are already successful are targeting the same percentage each month, more than that number. Making the target of trading must be realistic so that in its implementation we are not subject to targets
right, 10 percent is already very good, moreover we have big capital, for example for 3000 usd with 10 percent already got 300 usd in one month, if the capital is above 3000 usd the salary that we get is fantastic
#58 - February 14, 2019, 07:31:44 AM

Abdul Hakim

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Quote from: trader ndeso on February 09, 2019, 07:30:43 AM
as a forex trader, certainly requires analysis and a good capability, and must have a plan that is cooked before deciding to execute market, well how did you guys make a good plan and trading correct
I usually wait for the right moment to enter the market. I usually use moving averages and support resistance
#59 - February 14, 2019, 07:38:16 AM

zhamal andreal

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Quote from: trader ndeso on February 09, 2019, 07:30:43 AM
as a forex trader, certainly requires analysis and a good capability, and must have a plan that is cooked before deciding to execute market, well how did you guys make a good plan and trading correct
we make a good plan by preparing enough knowledge, the system that suits us and after that we prepare MM and rules that are wise, and disciplined and be confident in determining the SOP, and don't be greedy
#60 - February 15, 2019, 03:34:18 PM
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