Hi traders or learners do you believe in "Holy grail" in the Forex market? Definitely not.There is no holy grail system of it.If you search over the Google what do you find out...yeah a lot of trading system, all of them called best and more ...ha ha they think so but real Forex life is struggle and more than hard.And finally pips come through pain mean pressure of mentality.It's true.So what can you do now for trading,,, I hereby draw your full attention how to develop a profitable trading plan.. Let's start:
*First deter main to yourselves what kind of trader you want to be.. like scalping.inter day,swing,breakout etc.
*Find out which indicators do much for your chosen trading system best.
*Select your time frame and long time frame do more accurate analysis.
*Confirm that you can identify a new trade if hard first time then practice in demo for experience.
*Understand where to enter and exit trade.
*Define your trading loss risk by MM(Money Management rule,Professional risk 1-2% of capital)
*Use your trading system with exact rules and follow it unless it claim to you that it is profitable.
*Always record your trade write down your daily trading journal.
Now you need some good virtue for profitable trading:
*Rock solid discipline
*Able to control psychology
*Able to control more greed
*Able to control over trading
*Analysis more than you think
Preparing before entering trade:
*wait until your target entry come
*keep an eye how market behaving
*Know if news event is upcoming & when
*First deter main to yourselves what kind of trader you want to be.. like scalping.inter day,swing,breakout etc.
*Find out which indicators do much for your chosen trading system best.
*Select your time frame and long time frame do more accurate analysis.
*Confirm that you can identify a new trade if hard first time then practice in demo for experience.
*Understand where to enter and exit trade.
*Define your trading loss risk by MM(Money Management rule,Professional risk 1-2% of capital)
*Use your trading system with exact rules and follow it unless it claim to you that it is profitable.
*Always record your trade write down your daily trading journal.
Now you need some good virtue for profitable trading:
*Rock solid discipline
*Able to control psychology
*Able to control more greed
*Able to control over trading
*Analysis more than you think
Preparing before entering trade:
*wait until your target entry come
*keep an eye how market behaving
*Know if news event is upcoming & when
