Forex Zone | Forex Forum

The importance of adhering to a trading plan. This is the reason

Discussion started on General Forex Discussion

  • Posts: 31
  • Points: 0
  • Likes Received: 1
  • Reputation: +0/-0
The importance of adhering to a trading plan. This is the reason in General Forex Discussion_xx
In trading, sometimes we find a condition that makes us hesitant to take a position, especially if our analytical skills and trading experience are still not qualified, so we must make a trading plan or trading plan so that our trading becomes more focused. the following are the reasons for the importance of making a trading plan:

1. Train Discipline
By obeying the trading plan, we indirectly have trained our discipline. other than that obedient to the trading plan will also help us in knowing to what extent our trading capabilities.

2. Distinguishing between Victory and Luck
In addition to training discipline, adhering to the trading plan will also help us in knowing the factors that make us succeed in obtaining profits, whether because it is purely from our strategy and discipline or just because of luck.

3. Recognize Appropriate Trading Strategies
Sometimes the trading strategy that we have compiled is not in line with expectations, and we will find it difficult to find fault if we are not obedient to the trading plan that we have made. but if we always follow the trading plan, it will make it easier for us to analyze and find weaknesses in our strategy and immediately evaluate.

That is the importance of making and adhering to a trading plan, so that our trading becomes more focused and easy to analyze errors to fix right away.


Linkback: https://www.forex.zone/general-forex-discussion/1/the-importance-of-adhering-to-a-trading-plan-this-is-the-reason/2176/
#1 - June 26, 2019, 06:35:45 PM

  • Posts: 2674
  • Points: 601
  • Likes Received: 571
  • Reputation: +9/-5
The importance of adhering to a trading plan. This is the reason in General Forex Discussion_xx
Basically, having a trading plan helps traders treat forex trading more like a business. Most people who are interested in forex trading already know that everyone running a business generally requires a business plan to have it organized from that to achieve greater success.
#2 - June 26, 2019, 10:59:48 PM

  • Posts: 11
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
The importance of adhering to a trading plan. This is the reason in General Forex Discussion_xx
I always make a trading plan when I enter the market, because it is a very important thing for me
#3 - June 26, 2019, 11:52:26 PM

nanda12

The importance of adhering to a trading plan. This is the reason in General Forex Discussion_xx
I always make a trading plan when I enter the market, because it is a very important thing for me
right, everything must have a plan before acting because it will be our guideline in dealing with a problem, and everything starts from our intention to do it first
#4 - June 27, 2019, 06:15:14 PM

  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
The importance of adhering to a trading plan. This is the reason in General Forex Discussion_xx
I think a successful trader always makes a trading plan before they enter the market
#5 - June 28, 2019, 12:28:33 AM

  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
The importance of adhering to a trading plan. This is the reason in General Forex Discussion_xx
trading plan is very important but there are still many traders who ignore this.
#6 - June 28, 2019, 12:35:15 AM

  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
The importance of adhering to a trading plan. This is the reason in General Forex Discussion_xx
Building a trading plan and running it well is closely related to discipline. But discipline is not enough. Right, not enough. You must have super-strict discipline. Yes, super-tight! Having super-strict discipline is the most important character of a successful trader.
#7 - June 28, 2019, 12:41:55 AM

  • Posts: 11
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
The importance of adhering to a trading plan. This is the reason in General Forex Discussion_xx
when I want to enter the trading market, I always make my pland trading, which involves lots, losses, profits and direction of the market trand. all of that is important because when not making pland trading, everything will be like gambling.
#8 - June 28, 2019, 07:44:12 PM

  • The importance of adhering to a trading plan. This is the reason in General Forex Discussion_index
  • Posts: 463
  • Points: 25713
  • Likes Received: 19
  • Reputation: +1/-3
The importance of adhering to a trading plan. This is the reason in General Forex Discussion_xx
In trading, sometimes we find a condition that makes us hesitant to take a position, especially if our analytical skills and trading experience are still not qualified, so we must make a trading plan or trading plan so that our trading becomes more focused. the following are the reasons for the importance of making a trading plan:

1. Train Discipline
By obeying the trading plan, we indirectly have trained our discipline. other than that obedient to the trading plan will also help us in knowing to what extent our trading capabilities.

2. Distinguishing between Victory and Luck
In addition to training discipline, adhering to the trading plan will also help us in knowing the factors that make us succeed in obtaining profits, whether because it is purely from our strategy and discipline or just because of luck.

3. Recognize Appropriate Trading Strategies
Sometimes the trading strategy that we have compiled is not in line with expectations, and we will find it difficult to find fault if we are not obedient to the trading plan that we have made. but if we always follow the trading plan, it will make it easier for us to analyze and find weaknesses in our strategy and immediately evaluate.

That is the importance of making and adhering to a trading plan, so that our trading becomes more focused and easy to analyze errors to fix right away.
Trading plan is indeed very closely related to trading discipline and in my opinion without a good trading plan, our trading will not run smoothly and will even feel chaotic. Therefore arrange a good trading plan because the trading plan is one of the guides in trading that we do.
#9 - June 29, 2019, 12:25:46 PM

  • Posts: 31
  • Points: 0
  • Likes Received: 1
  • Reputation: +0/-0
The importance of adhering to a trading plan. This is the reason in General Forex Discussion_xx
trading plan is indeed a very sensitive part of any business is no exception to the forex business but not everyone is able to make a good and regular trading plan, most of them are not disciplined with their plans when experiencing losses so my advice every time you experience losses try you remember your initial trading goals so that you will not get carried away when you experience a loss
#10 - June 29, 2019, 09:30:47 PM

  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
The importance of adhering to a trading plan. This is the reason in General Forex Discussion_xx
In trading, sometimes we find a condition that makes us hesitant to take a position, especially if our analytical skills and trading experience are still not qualified, so we must make a trading plan or trading plan so that our trading becomes more focused. the following are the reasons for the importance of making a trading plan:

1. Train Discipline
By obeying the trading plan, we indirectly have trained our discipline. other than that obedient to the trading plan will also help us in knowing to what extent our trading capabilities.

2. Distinguishing between Victory and Luck
In addition to training discipline, adhering to the trading plan will also help us in knowing the factors that make us succeed in obtaining profits, whether because it is purely from our strategy and discipline or just because of luck.

3. Recognize Appropriate Trading Strategies
Sometimes the trading strategy that we have compiled is not in line with expectations, and we will find it difficult to find fault if we are not obedient to the trading plan that we have made. but if we always follow the trading plan, it will make it easier for us to analyze and find weaknesses in our strategy and immediately evaluate.

That is the importance of making and adhering to a trading plan, so that our trading becomes more focused and easy to analyze errors to fix right away.
when we want to do business or trade, of course we have to have plaining and strategy instead. well the plan that we made is what helps us to be successful in doing this trading business.
#11 - June 30, 2019, 08:50:26 AM

  • Posts: 11
  • Points: 0
  • Likes Received: 1
  • Reputation: +0/-0
The importance of adhering to a trading plan. This is the reason in General Forex Discussion_xx
Trading plan is very important in trading activities that we will do because with the trading plan we can trade well and smoothly.
That's right sir, a trading plan is something that must be made before we make a trade because in the trading plan all the things we will implement are written so we just have to do it, so trading will seem simple and smooth. Without a good trading plan, trading will be chaotic and surely we will not get a good performance or output in the form of consistent profit.
#12 - June 30, 2019, 11:17:21 AM

nanda12

The importance of adhering to a trading plan. This is the reason in General Forex Discussion_xx
Trading plan is very important in trading activities that we will do because with the trading plan we can trade well and smoothly.
trading plan can also make our daily trading orderly because it is like a trading journal note, you will not be confused about what to do, but don't forget when you experience losses, keep discipline on the trading plan you have made, no need to make a trading plan again because you will be confused yourself
#13 - June 30, 2019, 07:49:07 PM

  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
The importance of adhering to a trading plan. This is the reason in General Forex Discussion_xx
true, trading plans are very important in order to be able to produce consistent profits.
#14 - October 12, 2019, 03:38:38 PM

  • The importance of adhering to a trading plan. This is the reason in General Forex Discussion_index
  • Posts: 1047
  • Points: 5672
  • Likes Received: 100
  • Reputation: +4/-0
The importance of adhering to a trading plan. This is the reason in General Forex Discussion_xx
trading plans are made to be followed and for these three reasons it is absolutely true because by implementing and following a trading plan with discipline a good trading habit will be formed as well.
#15 - December 03, 2020, 01:42:45 PM

Members:

0 Members and 1 Guest are viewing this topic.


* Share Topic

Share via delicious Share via digg Share via facebook Share via linkedin Share via pinterest Share via reddit Share via stumble Share via tumblr Share via twitter

* Similar Topics

xx
The Importance of Realistic Forex Trading Targets

Started by zanurreload on General Forex Discussion

74 Replies
799 Views
Last post June 22, 2021, 07:39:07 PM
by Razor
xx
The importance of economic news in forex trading (Fundamental)

Started by Nendi71 on Forex Education

9 Replies
191 Views
Last post February 09, 2019, 09:24:58 AM
by rinshei
xx
3 Trading Plan

Started by Nendi71 on Forex Education

38 Replies
611 Views
Last post February 16, 2021, 12:47:13 PM
by Mochira
xx
How to make a Trading Plan

Started by zanurreload on General Forex Discussion

62 Replies
526 Views
Last post June 06, 2021, 10:34:40 AM
by Demnok Lannik