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  1. #1
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    How we make better planning in the trading?

    The forex trading is unpredicted market of the world and it is very difficult to analysis so my question is that how we make better planning when the market is uncertain and we never know what will be the next in the trading so that's why what is the worth of our planning and how we make it successful.

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  3. #2
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    Well talking about making plan is quite harder because everyone have their own way and usually it is different from each others even there are some that feels similiar. One thing that i know is the benefit of make a plan before trading is that you will be able to reduce the risk and optimize profit.

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    I have double trading space in my live trading account, so I easily can move everywhere from Forex currencies to VIP trading instruments! For the reason that, ECN broker TradingBanks provides me almost 200 trading instrument for trading! Besides, I have low trading spread facility for all of trading instrument, so I can execute my plan smoothly in my live account!

  5. #4
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    Planning is obviously the backbone of any trader, if we are good at planning then we will easily be able to work out everything but without proper plan, it’s likely that we will have all sorts of problem and troubles with things. I am extremely fortunate that I have learned about the importance of strategy and that’s why I regularly practice on demo to work it out. However, it’s been 1 year since I last used demo because I am using better alternative and that’s thanks to OctaFX broker with their demo contest especially Champion, it’s rocking with having 1000 dollar prize to be won, so picture perfect as far learning is concern with huge chance of winning prizes as well.

  6. #5
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    There are lots of strategies shared online, you could view them and select any one from it, the one which you think would yield you much income.

  7. #6
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    When we can develop the trading strategies and plans properly and can implement those in the Forex field ,we can get the benefit from such properly and like that can make proper pips profit with time.

  8. #7
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    Quote Originally Posted by kxforexmart View Post
    When we can develop the trading strategies and plans properly and can implement those in the Forex field ,we can get the benefit from such properly and like that can make proper pips profit with time.
    I don't know if this one sort of plans, but for me when implementing strategy someone need to be careful and must be thinking about the worst thing it could happen with many scenarios inside, especially for someone who trade in higher volume. My own view about trading planning is that people must be doing it in a right way and careful manner.

  9. #8
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    I think the best way to do correct planning is to keep everything balanced instead of focusing on just one thing. I believe only then we will have good strategy and will be able to gain profits. I always try to keep strong money management and at the same time, I focus on practicing regularly because only then I will be able to work it out. Right now, I am using OctaFX broker where all cases are solved easily with their conditions including low spreads from 0.1 pips to high leverage up to 1.500 while there is also mind blowing 50% bonus on deposit offering which can be used, it’s a big deal for me to do working with them in every think able way.

  10. #9
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    Quote Originally Posted by myregister View Post
    I don't know if this one sort of plans, but for me when implementing strategy someone need to be careful and must be thinking about the worst thing it could happen with many scenarios inside, especially for someone who trade in higher volume. My own view about trading planning is that people must be doing it in a right way and careful manner.
    Pre-planning and be ready for every outcome is a good approach. The market can bring many surprises and the method you described can save people from those unexpected events.

  11. #10
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    Planning could be done in many ways, and it depends upon the various market situations, thus we need to change it from time to time.

  12. #11
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    We must plan our trade. we do need to minimize the loss in foreign exchange, with a small capital and always use the SL then loss can be minimized by good. That way we will succeed in this business. loss can not be separated from the forex, so it is necessary for us to always use SL when trading.

  13. #12
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    You need to learn alot to do that, you need to learn how to modify strategy and also how to plan accordingly and than you could become successful.

  14. #13
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    Forex traders can make better planning when they can gain the knowledge and have the proper experience of the Forex market because traders when they know how they can work ,they can earn good amount of pips profit.

  15. #14
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    You have to make your plan better every day. Think everything to details. Think what if... if price will go in a forecasted way and if it won't. Think of where you have to put a stoploss to get better results. You have to be ready for making quick decisions every time you open an order.

  16. #15
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    well, because the market's movement is very complicated, because it takes a good market analysis, and of course the mental must be trained with a small capital in real account. and it can add to the experience on forex trading.

  17. #16
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    Actually when you analyze the market, you need more than just timing but also knowledge of how to do that and even with those two sometimes you will find that what you got in knowledge not always true. Planning in trading on the other hand is useful for traders, in present or even in future because it will affect your future as forex trader.

  18. #17
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    Quote Originally Posted by alextrader79 View Post
    You have to make your plan better every day. Think everything to details. Think what if... if price will go in a forecasted way and if it won't. Think of where you have to put a stoploss to get better results. You have to be ready for making quick decisions every time you open an order.
    Well said. Market may make moves which one may not be prepared for and this happens time to time. So a contingency plan for that kind of situation are also helpful.

  19. #18
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    Quote Originally Posted by pepy View Post
    Actually when you analyze the market, you need more than just timing but also knowledge of how to do that and even with those two sometimes you will find that what you got in knowledge not always true. Planning in trading on the other hand is useful for traders, in present or even in future because it will affect your future as forex trader.
    More than just timing? Care to elaborate? According to me what compose most of the trading or around 45% is timing, Analysis comes to second. With a good timing you can maximize the profit, when know the right time to open a position or to close the position people are naturally to adapt with the circumstances of the market itself.

  20. #19
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    when the trader is able to be trading by utilizing the right moment it will create opportunities for entry and exit order to be right and not a lot of problems in terms of management of adverse market movements

  21. #20
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    Try to make you planning aligned to the cool bonuses release. One of them is $2017 no deposit bonus from FreshForex. Just try that!

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