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Kusumo234

how important is a trading plan for you forex traders

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A forex trading plan is extremely important to have. Unlike cryptocurrency, the exchanges is not forgiving if you make silly trading mistakes.


Why are you looking for another faucet in signatures like mine, cryptotalk is the best earnings site. 😉

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The most important thing in your trading plan will depend on the narrative that you use to operate but you have to take into account that your plan is the most important and you have to follow it with discipline

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On 1/8/2020 at 7:15 AM, 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 ???

Forex is by writing a freelance work that is the most correct expression in which you determine your destiny from the way you work
If you are reckless, know that you will lose a mother
If you follow an appropriate approach and strategy, be sure that you will achieve impressive results
I agree with the idea


Учитесь, учитесь и учитесь на своих ошибках :classic_smile:

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basic plan is ok. i mean like plan to trade only 2 times or only for 2 hours. but more than that... its just wasting of your time. i thjink you can't plan what will happen, just follow your luck 

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The trading plan for the forex traders is very important, because let's say the trader has the investment of $10000 dollars, so that's he can plan that's must earn $200 per day and not more than that.

But if the trader has no any plan they can be trade everyday without limitations of the profit per day, so the situation like this might be lesding to lose all money.

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On 1/8/2020 at 8:15 AM, 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 ???

Before one starts trading he must have confidence and trust in all his or her strategies,its also important to have a trading plan for the day that shows how many trades you want to handle and the amount of loss or profits you are ready to handle.

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One of the bottom line role for making and being successful in forex is the forex estimate. Accorimg to this you gona plan all of your money.And you decide about the prediton.If you see rhe past and will see the tomorrow price your predcions will be seventy percent congruous.

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The plan is of course important because it's a little map of the path that is drawn and we just need to follow it. But the plan is not so simple, you need to consider and consider carefully. No plans can not succeed

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The trading plan is very important, because it actually changes the course of the transaction. Whoever studies technical analysis well and knows exactly what to do, he knows that the transaction is profitable, the random entry of a person can win from him, but with a stroke of luck , but the loss for him will be very heavy.

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Trading plan is the key for a better results. You will not be successful when trading without any plans because you will start randomly without minimum amount for starting and without minimum profit for stop.


Time is the ultimate weapon!

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Forex trading we need planing and decipline because without any proper work we can't earn in forex,because we always observe our capital and made only 10% percent of our capital, if we face loss are profit we leave the trading, then we success in forex we always follows our planing.


 

   

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One needs to enter the cryptocurrency trading market for a full year of learning, planning, follow-up and the Forex market is more massive and branched than the crypto market for this it needs a much longer period of training it is the dollar and euro market and the currencies that are traded and its price fluctuates daily in all parts of the world and the special plan must be Thoughtful for any trader considering entering this market


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No plan more loss, that is why planning is so essential, a trader with no plan will later leave trading because he will lose some much. But making analyses, learning about trading all the time will help, that is the how people that had a successful trades are doing. 

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It goes with the saying "If you fail to plan then you plan to fail). As important as choosing a good broker, every professional Forex trader must possess a well organized trading plan fully based on analyses. A good trading plan will provide trader with swift decision making and emotional free trading which is really important to make profits. Alas, there must be proper discipline in following the plan accordingly.


My Altcointalks username —° Raqeebzy

 

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Forex market is not like crypto currency because forex market has much more potential then crypto market due to huge number of currencies and commodities are traded on forex market. Like gold, silver and crude oil also included in this market. We need proper plans before investing into forex market. 

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Trading with plan is the best thing that will give you positive results in your tradings. Many traders are failing because they don't have a proper plan to trade, they just start normally and later they panic and lose all.

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Trading plan is so much important for us becasue without planing we can not make the money and in the crypto market we must to analyse the market and then on that analysis we make trade and get the good profit. Forex market is best for earning.


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Trading plan is the most important thing in forex trading.

There is saying "trade your plan and plan your trade".

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Каждый план должен составляться на здравый ум и чистый разум,ничто не должно вам мешать во время составления плана действий,самое главное не торопиться во время торговли.

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Sounds simple, right? After all, everyone understands the importance of a proper education. The best way to learn is to visit our Forex Seminars and Educational Articles page, and study the trading conditions so that the educational materials are easier to understand. Admiral Markets provides many educational resources and materials, which you can find in the Education section. There are no shortcuts to learn Forex. This may take time, effort, and a lot of passion. The successful trader never stops learning.

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🤑🤑 plan 🤑causes you keep up discipline as a dealer it should assist you with exchanging reliably deal with your feelings and even assistance to improve your exchanging system it is additionally essential to utilize your arrangement numerous individuals wrongly spend all their time making an arrangement at that point never actualizing it.

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I think that you must have a special strategy in order to start trading .. You must first learn what the forex market is and what currencies you will trade with .. You should also follow expert analyzes of the forex market.

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The trading plans is very important in your trading, because trading has greedy when you are earning, so its better to have your trading plan of stop trading after certain loss or profit in order to avoid loosing all your money. 

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