First you play the role of li yang fang and then the role of Susan you partner Mike has and Kim sun you are at the airport to meet you visitor you know each other so great you visit first talk with him and then take him to the hotel. Pledged to meet you representative someone answe...
trading setupmarket structureSummary This chapter illustrates how to create an effective trading plan. The foremost step is to identify a trading idea. One can specialize and trade a setup, such as a trend upward reversal or a trend downward reversal. One could also trade a pattern, such as ...
The reason a trading plan is so important is because the plan is what a trader uses to make their trades, manage their trades and take profit out of the markets systematically. A trading plan is just like a rule book that includes all the information on how a trader trades. Having a so...
First, a great trade plan must be easy to understand. If a trading plan has easy-to-understand and logical rules, a trader will follow and trust the rules. For instance at MarketGauge, when it comes to risk control we like to risk 1-2% of a total account on any given trade. This ...
Part 11: How to Make a Forex Trading Plan - Having a Forex trading plan is one of the key elements to becoming a successful Forex trader. Many traders never even make a trading plan, let alone use one regularly.
You’ll need to ask yourself these questions each and every day while developing a trading plan. And yes, putting pen to paper is critical when devising a plan. Not only will you better retain the information, but you’ll have something close by to keep you on track should a trade blow...
I just finished your book while on vacation in Cabo this week and was blown away. For the last several years I have wanted to get into trading professionally, but couldn’t make the move because I was not sure there was a system for learning and coaching that would help me get better,...
it is the foundation of your trading session. This essential habit allows you to gather relevant market information, analyze trends, and identify potential trade setups. By dedicating time to this ritual, you are better prepared and equipped to make informed trading decisions based on solid ...
if you never looked to the past to test that strategy, you might not even realize it was there, or you might lack the confidence to apply it in the markets tomorrow to make money. Knowing that something has worked in the past will thus also give a psychological boost to your trading. ...
A trading plan is a roadmap for how to trade. No trades should be placed without a well-researched plan. The plan is written and must be followed and unaltered unless it's found not to work or the trader finds a way to improve it. ...