Do you need a trading plan to be successful in trading?

[sijunot]

The process of creating trading plan includes effective trading strategies such as trading price action, it would be useful to reinforce your understanding of the trading strategy and will also be easier to underline it outlines what you need to do whenever you interact with the market. It is very important to develop a level of discipline that it takes to succeed in the Forex currency market in the long run.

[Hafiz]

trading plan play important role in trading if you have good trading plan then you can get profit easily .Always use good plan and good money management and also take profit and stop loss and if you increase your profit then use trilling stop to get bigger profit and if market moves back then your trade automatically close on specific position.

[Smith89]

we actually require a good trading plan to make our position and trade with that and that will help to create some good memories, the main thing is that we have to follow our goal and trade with that and always should be ready for losses as market not always move with same flow again, the best thing is to use stop loss and then trade with that and that will allow some great positive influence in their..

[leomon]

Yes, if I think it is quite important to us as traders, we have to know what way we use when trading in forex, what a way to be careful or how crazy binge, if I myself prefer to use careful way because I also still a novice here, but everyone has a different way different from when trading, and most importantly if you can relieve your lust or greed because it is very dangerous for a trader

[leomon]

Yes, if I think it is quite important to us as traders, we have to know what way we use when trading in forex, what a way to be careful or how crazy binge, if I myself prefer to use careful way because I also still a novice here, but everyone has a different way different from when trading, and most importantly if you can relieve your lust or greed because it is very dangerous for a trader

[Smith89]

Yes, if I think it is quite important to us as traders, we have to know what way we use when trading in forex, what a way to be careful or how crazy binge, if I myself prefer to use careful way because I also still a novice here, but everyone has a different way different from when trading, and most importantly if you can relieve your lust or greed because it is very dangerous for a trader

Actually there is a significant correlation between increased experience and increase profits in the Forex The more experience increased profits and the less experience the greater the risk of loss in Forex and prove it is evidence that Forex is not a game or just luck, but it's science and study

[Dejavu]

Yes,we need trading plan to be success in forex trading,we must plan the strategy we use,the money management which is suitable for us and the analysis which is profitable for us.Planning is important,when we get loss we can overcome that situation if we have good planning.For me,i can not start trading if i don't plan the trades before it.

[petrelsea70]

forex traidng is os much risky we can nto work on reall accoutn without plan and startegy so we need to demo trading to make a super and safe plan for trading and profit,so without knowledge and traidng skills we should away from real trading and try to use demo trading accoutn for leanring and getting good trading kills and good strategy is the way fo success in my veiw

[shiz]

yes i do think that a trading plan is must for getting the good results through this business. forex traders should always formulate a proper planning before they decide to enter into a new trading position so that there can be less probability of facing the losses through forex trading. a good planning along with money management is must for earning profits.

[Hassan Azfar Seemab]

Yeah we shoud need paning to be seccessful in trading.we can be successful here in forex trading if we follow some rules and regulation that is some good discipline . And discipline is must in forex trading and also we have to follow time management and money management so that we can be successful in forex trading and can be more profitable as it is big and very profitable business.

[suntek]

dear zintek, no partial say do you know? no risk no gain.every business has loss or profit for this reason don't worry. I think that Forex is not extremely dangerous business. because of before trade what is Forex trade? how to trade? what about market news? always think about how mach dollar and how margin then trade. then you will be success.

[Smith89]

dear zintek, no partial say do you know? no risk no gain.every business has loss or profit for this reason don't worry. I think that Forex is not extremely dangerous business. because of before trade what is Forex trade? how to trade? what about market news? always think about how mach dollar and how margin then trade. then you will be success.

Proper training is the best key in this business and also in every field because when ever you get the training you will know the basics of the business and then you can apply what ever you learn on to the business and this is the basic rule for getting success in the life.success in Forex, follow what you can do and make sure you get benefit from it..

[rizwan]

i agreed with what you said. all the things you said about motivation confidence etc. if you want to be good Forex trader then you have to follow a good Forex trading plan each and every successful Forex trader use his own Forex trading plan which also help him lot to achieve his goal.

[syed ahsan]

no doubt. plan is very necessary to become a successful trader in forex trading. if you make a plan before do the trade in forex so your success chances is very high. and more chances to get a profit in your trade. so always make a plan to get a profit in forex.

[Tanveer]

it is important to have a good strategy or a plan to trade forex and if a trader has a good plan only them he can be successful in this market and need to implement his plan, accordingly as well, it is always said that a good trader needs to plan his trade and only than he can make some regular and consistant profit while trading in these market.