Plan is very important

[Anderson]

Plan is very important. If you don't have any plan, it means you are not disciplined. For trading being disciplined is very important. You should have you entry and exit checklists, risk reward ratio, risk percentage and all. Not necessarily in written, it could be in your mind.

 

[helodear123]

Without plan one can proceed taking profits but cannot stay in the game for the long run in my opinion.

 

[The trader]

By using Any trading strategy you can get a maximal result if you have
most powerful analyzing money management skill. True fact

 

[Gravelwood]

I recommend you to put some small tasks in your plan to get it done really out there for many services. Without it everything is not that important entirely and clearly and do not work like it should in any activity of any form of it.

 

[Gito Dinev]

I recommend you to put some small tasks in your plan to get it done really out there for many services. Without it everything is not that important entirely and clearly and do not work like it should in any activity of any form of it.

Right. Plan should include all factor like risk and money management. Divide the whole plan in several small task which make it easy to do and follow.

 

[Darragh Bell]

Yes. A proper plan is very important to survive in this risky market. If you want to make money from this market, you have to make a good and profitable trading plan.

 

[Alicia Lynch]

Discipline cannot be maintained without a trading plan. Every trader has a plan according to which he participates in trading. It is never possible to trade without a plan. Forex trading is a combination of many strategies, and if that combination is not completed through a plan, it is not possible to make a profit.

 

[Alexander Hudson]

Yes. To make a profit from this risky market, you need a perfect plan. Without proper planning, you can not survive in this market for so long.

 

[Eduardo Lucchese]

Planning is the key to success. Without a proper plan, you can not make money from this risky market. So, make a plan and earn money as much as you can.

 

[Mark Dahl]

Trading plan is essential for all kind of investment. Trading plan include strategy, analysis, risk/money management etc.

 

[Kazumu Fukunaga]

For trading discipline is very very important. And to be discipline one needs to have good trading plan. Execution of those plans makes a trader discipline.

 

[Kevin Vogt]

Without a good trading plan, consistent profit is possible. Without plan a trader becomes aimless and do random trading. They open trade not because market giving signals, they open because they want to.

 

[Andrew McCalam]

demo is a place to prove yourself how can you handle trading strategies you have , so, don't ignore the demo , you suggest 3-4 months to stay in here , its a long time for beginners level to keep patience in here, that's why i prefer minimum 1 months for that.

 

[Oscar Shumack]

Strategy management is necessary for all traders because you can’t prosper in your trading without better strategic management.

 

[Nayek Pichai]

Sometimes even good analysis shows wrong results. And it’s quite common in Forex trading.

 

[FXOpen Trader]

Sometimes even good analysis shows wrong results. And it’s quite common in Forex trading.

If we are doing correct analysis into our trades then our income will become Better.

 

[LouBega88]

Losing money is a common phenomenon in Forex but don’t quit Forex for this reason because it’s all about foolishness. Use flourished tactics that protect you from losing again and again.

 

[Eduardo Lucchese]

Spend some time in the area of fundamental analysis because it will disclose you the exact scenario of the market.

 

[Nayek Pichai]

Newbies can’t derive profit from the market moderately just because they don’t have sufficient knowledge. Market’s direction should be guessed to trade in the right trading range.

 

[Bahiya Shinam]

We are less habituated to taking lessons by reading e-books. There are so many e-books containing the basics of Forex trading and a pile of video tutorials available on Youtube.