what are components of complete trading plan?

Now that the different trading approaches have been discussed, it's time to delve into the detail of a complete and solid trade plan. After all, it is not enough to know when to enter and exit trade, but it is also crucial to lay down clear rules that must be followed. Of course these roles are not set in stone and may still be open for revision. However, you must be able to to exercise enough of discipline and patience to test out your trading system for a few weeks or months in order to have enough data to help you figure out if any adjustments need to be made. It is not enough to have just one or two losing trades before completely overhauling your entire approach. To begin with, you must set the condition for a valid trades step based on your reading style. What are the requirements must be satisfied for you to take a long or short trade steps? Is your trade approach based on longer term trends or short term price? Are there any technical indicators that could confirm these signals? It is important to be specific with these conditions, as they will act as the the Framework for your system. After identifying what would make a trade step valid, you need to figure out the details for trade entries. Do you open the trade on a break above the previous highs or lows? Will you be using Fibonacci retracement levels in line with moving average or other kinds of inflection points? Will you be setting long or short order exactly on major or minor physiological levels only? Now that you are determine the entry points, it's time to identify when you should lock in profits or at which points your trade idea will be invalidated. After all, friends or price move do not last forever and there always the chance that a trade idea will turn out to be wrong. In these cases, it is important to have a clear set of rule for closing trade. Some traders their exit signal similar to their entry points. For instance, when Fibonacci retracement is used to identify trade entries, Fibonacci extension levels can be used as exit points. Other focus on major or minor physiological levels, which act as inflection points for most yen pairs. Meanwhile, technical traders can also employ estate of indicators to confirm if it's time to exit A trade. Setting hard number for stop losses and profit targets and profit targets can also be an option, but bear in mind that these must be appropriate to the time frame you are using. Above all, the risk management component must be part and parcel of every company trade plan. Based on your risk profile, you should be able to stick to a certain amount of trade or per day. You can adjust these based on your confidence in our trade setup, but beginner traders are often recommended to stick to a predetermined risk percentage of the account for trade. At the end of the day, don't forget to keep track of your Trade System results using a trade journal so that you can identify potential problem areas for points to improve on. Thanks

Re: What are components of complete trading plan?

Dear jab aap Forex trading me koi bhi planning kar rahe hote hain to usmein aapke liye different important components ho sakte hain jo aapki planning Mein at least include honi chahie otherwise aapki planning kabhi bhi successful Nahin ho sakti dear ismein Kuchh important components ki breakfree details main aapse indicate kar deta hun jo aapke liye valuable ho sakti hai.

Targets set

Strategies

Plan

Comparison
Dear above-mentioned factor of keep running ke liye bahut hi important role play ka sakte hain no doubt agar aap in important factors ko avoid Karte Hain To aap ke liye kuch important difficulties bhi ho sakti hain.

Re: What are components of complete trading plan?

Market Mein Jab aap apna kam karte hain to aapko chahie kya aap apne kaam ko bahut hi Soch Samajh Kar Karen market main aapko apni trading bahut hi Soch Samajh Kar Karni chahie aapko kabhi bhi apni trading ko start karne mein jaldbaji nahin Karni chahie market mein aapko Apna Kam careful hokar karna chahie aapko kabhi bhi Apna Kam karte hue jaldbaji Nahin Karni chahie bol ke aapko market Mein careful hokar karna chahie trading Hamesha planning ke sath Shuru karna chahie kabhi bhi aapko Apne trending Palang ke bagair aur naahi market ke rules ke bagal open Karni chahie

Re: What are components of complete trading plan?

ap jab bhe trading kartay hain to ap ko chAhya kah ap ko pata ho kah ap nay kis jagah ap nay trade lana hay woh islay kah ap ko pata ho\ta hay kah apko market ka ap ko pata hotahay kah aaj is main keya news hay woh ap sy istrade kay baray main ap sy kaya kahte hay ap ko chahya kah ap ko indakter ka bhe istamail karna ana chahya kah woh istrah syho ga kah is main pata kag jata hay kah ismain is ke sport keya hay is sport sy ap ko pata laga jata hay kah ap nay kis jagah ap nay ttrade ko koke lana hay yah ap ko bather rahte hay

Re: What are components of complete trading plan?

Assalamu alaikum dear member main aapko a trading lagana sikha raha hun aapko bata raha hun their trading karna koi mushkil Nahin Punjabi ham market mein inter Hun to sabse pahle market movement ko dekhe aur usko acchi Tarah se samjhaie ke market ke movement kis Tarah furkat kar rahi hai to main usi Tarah market mein entry leni hogi aur trading ke bad ham stop 500 tak ka ped ka bhi istemal karna hoga jab trade lagane lage to hamen do candles market mein shuru hoti hain ek white colour ki candle Jyoti Hai ek black colour ki jo pahle candles black colour ki ho to hamen market neeche aane ke nishan nahin karti hai agar pahle candles white colour ki ho to vah market upar jaane ki nishan nahin karti hai to hamen ISI Tarah market kyon movement ka andaza lagana hota hai ISI Tarah se market ke movement ko samajhna hota Hai ki ab hamen candlestick samajh mein a jaaye to ham apni tradeeasy se laga sakte hain

Re: What are components of complete trading plan?

Hn G trading karty time mukhtalif planing karty hn aur samjhty hn keh trade kes tarah sy karni hy hum planing mn bahot sary aisy khiyal sochty hn jo hmari planing mn hoti hn jaisa keh Ham soch rahe Hote Hain ke planning Mein Humne Kya Kya sochana Hai Ham Apna target banate hain to use target Mein Ham soche sochte Hain sabse pahle ke Hamen trade Mein Kitna loss hona hai aur Kitna profit hona hai Ham apni style chhutti banate hain planning karte hain aur usmein analysis karte hain market ko aur dekhte hain ki market ki movement Kaise chal rahi hai aur kahan tak Jaani Hai To in saree planning ko Ham Apne khayalat Mele Aate Hain Aur sochte Hain trading karne se pahle Hamen yah sab Kuchh sochana chahie

Re: What are components of complete trading plan?

Dear friend agr hum treading krty howy planning ky sath treading krty hain tu hum achi aur successful treading kr paty hain agar Ham Forex trading kar rahe hain to hamen kabhi bhi trading karte hue jaldbaji nahin karni chahie hamesha soch samajhkar trading karne chahie Jo log trading karte hue jaldbaji karte hain money management ko follow nahin karte uska use apne account balance jyada kar dete Hain vah kabhi bhi ismein kamyabi ko possible nahin banaa sakte agar Ham kamyab hona chahte Hain acchi karne ka aasan karna chahte hain to hamen hamesha mehnat ke sath ko improve karte ho mein kam karna hoga interested kam karna hoga abhi karte hain karte Hain