Trading Plan

How to Create and Keep a Trading Journal

Having a forex trading plan and keeping a trading journal is essential to anyone serious about trading currencies. In order to learn from past mistakes and to ensure that you consistently execute your traders based on analysis rather than intuition and emotion you need to journal your trades and regularly study your own track record.

  • The Trading Business Plan and Risk Analysis

    One of the best things you can do as a forex trader to assure your long term survival in the business is develop a sound and objective trading plan and the discipline to stick to it. Read More

  • Why Trading With Rules Makes Sense

    The importance of trading with rules, whether trading forex online or any other market cannot be sufficiently stressed. Having a concise and well-defined set of rules before embarking on the trading road can save you untold grief and a lot... Read More

  • Designing Forex Trading Plans and Rules

    Just about every consistently profitable forex trader uses a trade plan and follows it in a disciplined way. Accordingly, this successful trading mindset represents a key forex trading guide post that you will want to emulate as you grow as... Read More

  • The Importance of Having a Forex Trading Plan

    When approaching a field like forex trading where personal decisions translate into profits or losses, having a well-outlined and easy-to-follow plan can make the difference between success and failure. Read More

  • Advantages of Having a Forex Trading Journal

    Trading in the forex market generally affects people in different ways and on different levels. Keeping a trading journal can provide you with some very useful feedback about yourself and why a journal can offer some major advantages to your... Read More

  • Words of Warning for Forex Traders

    A profitable forex trading plan should keep a trader from committing some of the classic mistakes which many forex traders pay dearly to learn. Read More

  • Forex Trading Plan: Why You Need One

    In order to be successful over the long term in managing emotions, a forex trader generally requires an objective trading plan with set trading rules and objectives that will produce consistent profits without incurring excessive draw downs. Read More

  • Trading Plans Contribute to Success

    Just about every consistently profitable forex trader uses a trade plan and follows it in a disciplined way. In doing so, they basically "plan their trade and trade their plan", as the well known trading maxim goes. Read More

  • Manage Your Forex Trading Like a Business

    Having goals set in advance and knowing when to get out of a trade make up an important part of successful forex trading. Remember, a trade must be liquidated in order for a profit to be realized. Read More

  • Successful Forex Traders Follow Their Plan

    One of the principal ingredients of success when trading forex is developing a good trading plan. This set of trading rules, criteria and guidelines should lay out in sufficient detail exactly how you will decide when to trade and when... Read More