Here is my guide on how to build a forex trading plan, this is a trading plan template that you can use forex base your trading plan on, remember this is not a real plan, although it is loosely based on mine. My long term template is to learn to make my living from the forex market. My short term goals for the next six months are to be more disciplined and wait for the very best setups to come along before trading. My edge is price action forex setups which are high probability setups when traded with added confluences. My trading strategy will involve using discretion along with technical analysis TA involving the above setups. My edge is also that I keep a trading diary and record all my trades, I also have a daily routine that gives my trading structure and adds discipline. This puts me ahead of those who don't. To help make trading decisions and to map out the market I will use support and resistance, trend lines and moving averages. I can use Fibonacci template I will not rely on this plan. I will generally be a with the trend trader, and I will be looking at buying and selling currencies at value locations in the markets and holding until the target gets hit or I'm stopped. I will use daily charts, 4hr charts and 1 hr charts. I will have to use my discretion when selecting trades. I will avoid trying to pick bottoms or tops in the forex market on a regular bases. I'm sometimes impatient and don't wait for the best setups, these mean I sometimes take poorer quality trades. My strengths are I work hard and I am patient, I do not expect to become a brilliant trader overnight. This is a template of a forex trading plan. You should not use this plan your trading plan and you should base your trading plan on your own forex trading methods. Hi I'm Trade, I am a successful forex trader, I would like to share forex I know and hopefully help people with their forex trading goals. See my website for free education on price action and psychology. Forex Price Action Strategies. Trading Plan Template Author: Highland Trader Here is my guide on forex to build a forex trading plan, this is a trading plan template that you can use to base your trading plan on, remember this is not a real plan, although it is loosely based on mine. Goals My long term goal is to learn to make my living from the forex market. My Edge My edge is price action forex setups which are high probability setups when traded with added confluences. Tool Box To help make trading decisions and to map out the market I will use support and resistance, trend lines and moving averages. My style I will generally be a with the trend trader, and I will be looking at buying and selling currencies at value locations in the markets and holding until the target gets hit or I'm stopped. My weaknesses I'm sometimes impatient and don't wait for the best setups, these mean I sometimes take poorer quality trades. My strengths My strengths are I trade hard and I am patient, I do not expect to become a brilliant trader overnight. Money management I will only trade if it looks like I can get 2 times what I risked for a profit. I will not trade with money I cant afford to lose Rules For Stop losses I will move to breakeven after I'm up 1. I will never move my stop loss away from the trade. I will trail my stops losses after I'm up over 3 times risk. General rules I forex keep trading plan I will not trade if I am stressed out. I will try and avoid fear or euphoria I will not be influenced by other peoples opinions. I will not use any other tools other trade those mentioned above to make trades. I will monitor the trading plan closely and change parts to make it better. I will no sit in front of my screen watching my trades all day long. Plan will read my trading plan every day. I hope this has helped trade to write a trading plan. Safe Trading Article Source: Share to Template Share to Template Share to Pinterest. Pages Home Begin Forex Trading Trading Plan Template. About Me Highland trader View my complete profile.
An 83-year-old former priest was arrested on Tuesday in Scottsdale in connection with the 1960 slaying of a Texas beauty queen, authorities said.
The first is spiritually based and the second is science based.
It is also important to understand that inflation is self-sustaining and can act as a snowball effect.