Forex trading plan
Always Have a Forex Trading Plan
It is important in any business to have a business plan and Forex trading is certainly no different.
Your Forex trading plan is your roadmap to Forex trading success.
A Trading Plan Doesn’t Have to Be Complicated
The word, “plan” is a turn-off to many people because it sounds like there is effort involved.
While it is true that there is effort involved that doesn’t mean that creating a trading plan has to be tedious.
Here’s a quick and easy way to create your preliminary trading plan:
Let’s imagine that you have a friend that wants you to invest money with him to trade Forex.
Think of what questions you would ask your friend so that you would have a good idea of how he planned to invest your money.
RTC-Retail Traders Club
RTC_we focus on mindset in trade and risk management more than technical.
Discipline your set up guys ! Be yourself !
Discipline is the bridge between goals and accomplishments. Have you already reached your dreams and potential? Are you consistently heading to your future vision?🙂
20/10/2022
Read and apply.
Read and apply.
Don't forget that.
20/10/2022
🔰 4 Mistake of Loser in Trading !!!
1. No Trading Plan
2. Over Trading
3. Increase Lot Size Quickly
4. Look at the chart a lot.
✅Consistency Strategy + Good Risk Management = Good Psychology
20/10/2022
🔰 How to build a System in Forex - របៀបក្នុងការបង្កើតប្រព័ន្ធសម្រាប់ចូល និងចេញពីទីផ្សារForex
1. proper strategy ( back-test 4 years data with consistence rules)
2. proper money management.
- Risk management
- Psychology
Average Profit > 5%
Average Relative Drawdown < 5%
Average Wining Rate > 40%
Back test At least 4 Years
✅Consistency Strategy + Good Risk Management = Good Psychology
19/10/2022
រស់នៅត្រូវមានគោលដៅច្បាស់លាស់ និងត្រូវមានក្តីស្រមៃឱ្យធំ។
🔰Hey Retail Traders ! Plan Your Trade and Trade your Plan.
Consistency Strategy + Good Risk Management = Good Psychology♥️
-Retail Traders Club
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