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

[anowarul]

we know that forex trade is not a easy trade. really it is very hard trade. i think it is hard trade for its systems and operating systems. it's operating systems and operating is very hard for most of the people. actually all the steps are important for this trade. if you learn all the systems and rules properly but you don't learn trading plan, you will do nothing in forex trade. trading plan is most common matter for forex trade. it includes money, trade types, lot size, leverage, time fram etc.

[Haseeb Javeed]

yes i am also want to change our trading plane to get benefit and according to me some of the major obstacle i think trader face is the inability for them to follow their plan to the latter.as well as strategy is a good way to enhance your trading and executing. And We can manage every trades very well if we trade according to good strategy.

[Ashish]

yes i am also want to change our trading plane to get benefit and according to me some of the major obstacle i think trader face is the inability for them to follow their plan to the latter.as well as strategy is a good way to enhance your trading and executing. And We can manage every trades very well if we trade according to good strategy.

We dont need to change our trading plan, all a trader should do is to make enough planning that will suit the trading style of the trader as well as the current market situation and thus a trader can make the best use with it.

Having plan means having some rule while trading. When a trader will trade with the rules intact, then such trader will surely have some encouraging results while trading and planning thus helps a trader very well.

[u4n777]

@Haseeb Javeed,That's right. I agree with you. Having a good trading plan, is a guarantee that the trader has a future in the trade that is sure to earn him some good profit on a consistent basis. It is a fact that the professional traders we have today, are able to achieve the result they are enjoying, because they are able to itemize their trading plan, and work toward it until it gives them the result they are seeking for. Nothing comes on a platter of gold, except it is being sought for. So, is trading plan.

[Dania Ali]

yes there is a surely chance of doing successful trading in following a proper accurate plan. every trader have to make a proper plan by his analysis,knowledge n experience. by this trader will know about everything how he can face the problem,how he should doing trade,according to trend how he can make profit etc. proper planing is the key of success in every field.....

[bdrashid]

Trading plan may be a vast advantage for each traders, positively with commercialism arrange you will be a lot of competitive in forex commercialism market and there is a increased probability you will be able to be a lot of economical with applications programme than while not it. That is all i feel.

[nsawork]

Trading plan may be a vast advantage for each traders, positively with commercialism arrange you will be a lot of competitive in forex commercialism market and there is a increased probability you will be able to be a lot of economical with applications programme than while not it. That is all i feel.

A Good trading plan will serve as a starting foundation on which we can easily build our Forex trading career. Yes it may not be easy for us in the start and the road towards success full of difficulties but then at the end the win will be ours if we are doing as per our plan and also work with full dedication in the Forex markets.

This is why a good trading plan is the requirement so that we can become successful traders on day

[rizal83]

we need some good trading plan if you want to get success from forex trading, because by having a plan will be easier for us to be able to trade well, we have a trading plan that will be very useful for governing trade we do to be more focused and in accordance with the trading system we have created, so that we will be easier to generate profits and avoid losses that would occur in the forex trade, and if we do not have a trading plan, then we will not be able to trade well, because we are only going to do the trade using only the ego that we have

[Smith89]

we always need a trading plan to be successful in trading or also need to keep some trading requirements to trade and that is what gives good opportunity to make profit, with good trading plan good learning is also needed to make some profit and that is what gives good chances to trade effectively and make some good profit.. we should not diverge ourselves into any big loophole..

[uchennafx]

Yes! For a trader to be successful in this market, he must have learned and create a plan to use for his trades , and like the saying goes if you fail to plan , you have planned to fail. trade plan is very important , it contains your trading parameters , entry and exit and all that , without knowing the reason for trade or when to get out , it will be just gambling and becomes difficult to make money out of the market

[Nibir]

Trading plan may help to make trade profitable, but trading plan in not enough to become a successful trader. Forex is very critical trading place where many aspect of trading are needed, traders must know forex trade well, traders should be skilled and patience is also important. Avoiding greed is also not less important.

[blessedisrael95]

yes you need trading plans to become a succesful trader. you need trading plan that work for you in news trading and trading plan that work for you in fundamental analysis trading and also technical analysis trading. this three most not be the same it most differ from each other. your trading plan most or should be unique and not be easily identifiable with any other trader or easily generalized.

[Akshay]

Trading without planning is like living without having any shelter.Planning about trading and executing your plan successfully are the two main factors that you have to consider in the planning phase of the forex.You must first try to execute your plan in the demo account that will give you confidence to implement it in the real account.

[blessedisrael95]

Trading plan help in Forex trading to make and keep your profit and stay on top in Forex trading. but you most know that you trading plan is your guiding principle which you most master and use for a very long time. and it is not good to change you trading plan any how without due deligence and care or you change it too often as if you are changing your clothes. it is not good for Forex trading.

[topman]

A trading plan is necessary here because trading plan is a roadmap or compass to achieve our target. With a trading plan then we can more easy to control and resolve some difficulties we face up during trading. We need to know properly when to entry order and when to exit it with a trading plan on our mind. Be assure to make a trading everyday.