how important is a trading plan for you forex traders

[Kusumo234 400]

as we all know, that forex trading is a trading instrument that can be done online

 although it looks easy, but to get consistent profits is not as easy as it seems,

therefore a trader must have a tested strategy and trading system along with the rule rules that must be implemented before making a sell or buy option, so in your opinion, how important is this trading plan ???

[Kusumo234 400]

31 minutes ago, Digicoin said:

Trading plan is important before someone can be successful in trading, it is a means of discipline and to lessen emotions. We make plans so we can know the appropriate time to do quality trading with quality mind set.

Thank you for sharing your opinion, we really need to have a guidebook to carry out trading activities, so that we don't get lost or have road accidents with a guidebook,therefore we can distinguish which is a green light and which is a red light

[Syedbesharat 5423]

Trading plan is a most important thing.Because you have to find a way before entering in it.If we have find the exist then we can march in the building(Trading).So have plan is best way of success.if yo don't have it ,its gonna be heavy loss of yours.

[khan22 3478]

As a forex trader plan is so much important to make profit in it because if you are a trader then yo need to analyse the market first and then yo make trade n that because without analysing you make loss in the crypto market and also you will loss you money to put wrong trade.

[Kusumo234 400]

I don't think a trading plan can be provided by our trading teacher, but with guidance from a mentor will make it easier for us to solve the problems we face as novice traders,so in my opinion, the trading plan is a scripture that we formulated ourselves, and we must obey the book.

[Harris123 281]

One of the key role for making and being successful in forex is the forex plan.Accordimg to this you gonna plan all of your money.And you decide about the predicton.If you see rhe past and will see the future price your predicions will be seventy percent correct.

[Muhammad atif iqbal 569]

A plan helps you maintain discipline as a trader it should help you trade consistently manage your emotions and even help to improve your trading strategy it is also important to use your plan many people make the mistake  of spending all their time creating a plan then never implementing it 

[Kusumo234 400]

@Marwan alaoui The purpose of making trading plans does have many functions that are summarized in a plan, it is a wise way for us to manage trading accounts, why trading plans are so important, because without planing, traders will find it difficult to get out and enter the market.

[khan22 3478]

On 1/8/2020 at 11:43 AM, Digicoin said:

Trading plan is important before someone can be successful in trading, it is a means of discipline and to lessen emotions. We make plans so we can know the appropriate time to do quality trading with quality mind set.

Emotional peoples are not going to be a great trader because in emotion you just loss your money not to earn the money in the forex market my one friend will loss almost 10,000$ in just 1 month because he is in tension and make a big lot and after some time his account is washed totally.

[Kusumo234 400]

2 hours ago, khan22 said:

Emotional peoples are not going to be a great trader because in emotion you just loss your money not to earn the money in the forex market my one friend will loss almost 10,000$ in just 1 month because he is in tension and make a big lot and after some time his account is washed totally.

If we have a trading plan, we don't need to use emotions in trading my friends, there are even traders who rarely analyze and only look for momentum that matches the trading plan, that's what distinguishes newbie traders from masters, and I still need a lot to learn from you

[Kusumo234 400]

3 minutes ago, Hridoy ahmed said:

Hello In my opinion do not think that a trading plan can be provided by our trading teacher, but with the guidance of a consultant it will be easier for us to solve the problems we face as a prophet trader, so in my opinion, a trading plan is such  The scriptures that we have created,Itshould help you keep trading, control your emotions and even develop your trade strategy. Your plan should also be used,

A good view, when we walk using a map the chances of us getting lost are definitely smaller than we walk without a map, indeed we cannot possibly use a trading plan made by other traders, even if it's our trading teacher,

 Because it is certain that every individual has a different style, that is why everyone's trading results are different, even though the understanding is shared

[khan22 3478]

On 1/8/2020 at 11:43 AM, Digicoin said:

Trading plan is important before someone can be successful in trading, it is a means of discipline and to lessen emotions. We make plans so we can know the appropriate time to do quality trading with quality mind set.

Before trading i analyse the market than i make a plan that how much market will move just on a single side than i put the trade in the market because these are the important steps in which we can make good money and in forex trading money management is the most important thing.

[Kusumo234 400]

When a trader has found the right trading plan, then the profit potential is consistent not only in dreams, indeed at first it will be difficult to find the right formula for preparing a trading plan, because in the plan there are rules and conditions before making a transaction on the forex market, that's  why, I consider that having a trading plan is very important.

[khan22 3478]

On 1/8/2020 at 12:23 PM, Digicoin said:

Sure. We need more information about trading. I prefer crypto trading to forex and I am making it in crypto. So, I use exchangers to trade and using yobit currently. 

This forum and reading crypto news is my guild and I have make few dollars in less than two months on yobit trading platform. 

The cryptotalk forum is so much important for us because through this forum i learn so much about the crypto whihc i don,t know and also i make good money and now i am investing this money again in the coins because investment is so much important in the crypto market to make huge profit.

[Kusumo234 400]

In a trading plan, of course, contains a lot of things, including a trading system and also a money management calculation, but the point is to use planing, we don't need to do excessive analysis, just trade based on the plan, and if you don't find a market situation that matches the trading plan, then it doesn't  need to trade first.

[Yanadia 1517]

Trading plan is very important for forex trading for me and the more details we make the trading plan the easier we make decisions in trade. Analaisis, potention and risk everything would be on my trading plan . One step for all it trading plan for me. 

[Kusumo234 400]

1 hour ago, Yanadia said:

Trading plan is very important for forex trading for me and the more details we make the trading plan the easier we make decisions in trade. Analaisis, potention and risk everything would be on my trading plan . One step for all it trading plan for me. 

For us forex traders it is important to pay attention to factors that might occur after we open a transaction entry, therefore, we need to have a trading plan,and with a trading plan, we will know when to enter and exit the market, whether profit or loss, with a plan we can be more comfortable in releasing entries

[Suhannewaz 245]

A strategy helps you keep your company focus. It must continuously help you to trade, handle your emotions and even strengthen your trading strategy. Your strategy must also be included. Most people are wrong to spend all their time developing a plan, and never to execute this.

[khan22 3478]

On 1/8/2020 at 1:46 PM, Kusumo234 said:

If you feel that bitcoin or cryptocurrency trading is more profitable, friend, I rarely make cryptocurrency trading, maybe once in a while I make cryptocurrency for my hodl, and even if it suits my trading plan, so in short, my trading plan is actually not only applicable to  forex, but also cryptocurrency.

Crypto trading is the most profitable thing in the crypto market because we can make good money in it but if we do margin trading because margin trading will give us huge profit in just short time like in the forex market and also we can sell and buy the BTC at any time.

[iloveyobit 6599]

Very important, planning by itself is a science that is taught, setting a plan that you deliberate and adhere to also has a large part in achieving your goals or not, this is my opinion..

[Ms.o 3322]

On 1/8/2020 at 2:15 PM, Kusumo234 said:

as we all know, that forex trading is a trading instrument that can be done online

 although it looks easy, but to get consistent profits is not as easy as it seems,

therefore a trader must have a tested strategy and trading system along with the rule rules that must be implemented before making a sell or buy option, so in your opinion, how important is this trading plan ???

Very important for you to get profits and minimize the possibilities of loses. We should not just jump on trading without any plans and goals coz its like a driving a car in a road that nowhere to go or directions.

[Sholly 120]

The importance of "planning" in trading cannot be over looked. Forex trading is a real business and thus in order to be successful must be treated as such. A trader who desires success will not just wake up and start trading, no, proper planning comes first. 

[Kusumo234 400]

@khan22 You are free to trade in any market friend, if you feel you get a better profit in cryptocurrency, please continue, because in my opinion, forex or cryptocurrency can provide income, if we can use it properly.

[khan22 3478]

On 1/12/2020 at 11:22 AM, Kusumo234 said:

When a trader has found the right trading plan, then the profit potential is consistent not only in dreams, indeed at first it will be difficult to find the right formula for preparing a trading plan, because in the plan there are rules and conditions before making a transaction on the forex market, that's  why, I consider that having a trading plan is very important.

All depend on you that how you analyse the market because if your analysing is good then you can make good money in the forex amrket because good analysing is the major thing in the forex market and you will make good money in the market otherwise if you put wrong trade then you are in loss.

[Jhadhasan 872]

A demo account is a very important thing that enables us to test any strategy before using it on real money so we can get away from it in case it fails or we depend on it if it succeeds