Writing A Trading Plan
All professional traders have a trading plan. Trading futures
is a zero sum game and those with a plan (and the discipline to
apply it) will succeed over those that have no plan. A plan
details the particular market anomaly that you intend to exploit
- your edge. Human emotion creates anomalies - essentially, the
fear and the greed of those that have no trading plan.
Creating a trading plan and rigidly applying that plan allows
the professional trader to eliminate emotional responses from his
Let's look at what your written trading plan should cover:
Trading concept - What anomaly is your trading strategy
intending to exploit?
Timeframe - The shorter the timeframe the more trades that can
be made. However short term trading leads to lower reward:risk
ratio's and higher commission costs.
Instrument - There are many different ways to trade
essentially the same idea - options, futures, exchange traded
funds etc. Which offers the most reward for your trading
Entry - How will you open your trade?
Exit - How will you close your trade - A stop loss should be
placed at a point where the trading concept become invalid, this
could be a specific price or a certain length of time. A profit
exit must also be established - again either a certain target
price or a timed exit.
Money Management - How much capital is required to trade the
strategy and how much should be risked on each trade to maximise
returns whilst minimizing the risk of blowing the account?
End of Day Routine - At the end of each day every trade should
be compared to the trading plan and any variances should be
addressed. Remember the plan is their for a reason and you must
trade it exactly. If a change is required then it should be
properly tested before being added to the plan. No decisions
should be made whilst a trade is live.
Brokers - Which broker will you use and how will you trade?
Automating a trading plan through the broker's API will help to
eliminate any emotional responses.
Your plan will require constant revision as the market
dynamics change. If you have noticed a market anomaly then it's
very like that many of your competitors have as well.
"If you don't know where you are going, any road will take you
there." Lewis Carroll
MORE RESOURCES updated Mon. April / 23 / 2018
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news
Currency trading volumes hit record high in Q1 - CLSReutersLONDON, April 19 (Reuters) - Foreign exchange trading volumes rose to a record high in the first three months of the year, data from CLS showed on Thursday, as a rise in volatility from multi-year lows encouraged more currency trading. CLS, a major ...
The foreign exchange currency market is the largest market
in the world because it trades up to $1.9 trillion daily.
The Meaning of FOREX
Price Charts and How to Use Them
There is one very important factor that you should consider
with great care if you are willing to become a successful,
profitable Forex trader. This ever important factor that
must be always present in the trader's portfolio, is the
ability to read the charts.
Foreign exchange market, or better known as FOREX, is the
world's largest and most prolific financial exchange market
originated on 1973. Bearing the status of largest and most
prolific currency exchange market, FOREX is the center
stage where a vast majority of the currency trading or
FOREX trading takes place, with a total daily turnover of
currency worth more than $1.
Sending Signals for
Trading in Forex
Forex signals are sent by a forex firm to their subscribers
in order to buy and sell currencies. These signals are
called entry and exit signals for the forex dealers.
Momentum Trading: A
Practical Day Trading Strategy to Get Profits from Hot
Momentum day trading can be extremely profitable when done
A Look at Online Forex
An online forex broker is a firm that facilitates retail
trading using Internet technologies. Global Forex Trading
(GFT), one of the popular online forex brokers.
Forex Training: Follow
Your Gut or Your Broker
Which way will the forex market move? Do you just follow
your gut feeling? Or do you have Neo's sixth sense that
would let you be one with the market and feel the
underlying currents. Trading forex is a non stop action
movie but a good one, where you really don't know who will
win at the end.
Where to Get Forex
For those of you who are interested in forex trading, you
may want to start off by getting some good forex training.
Forex training is a necessity for anyone with this
Forex Trading -
Advantages and Disadvantages
What is Forex Trading? Forex, or Foreign Exchange, is the
simultaneous exchange of one country's currency for that of
another. This market of exchange has more daily volume,
both buyers and sellers, than any other in the world.
Forex Trading Can Be
Forex trading, or foreign currency trading, has become a
bit of a craze of late, especially since it is something
available to anyone who owns a computer. And anyone who is
willing to put in some training time can profit from forex
The following situation happens quite often to many
traders. Look it over and see if it has been happening to
you: You have been faithfully following your trading plan
and the rules you've set for trading.
Discretionary Trading - Which is Best?
Discretionary Trading. Pure discretionary trading will rely
solely on the traders judgment. For example a
discretionary trader may spot a particular pattern
developing on a chart and decide to enter a trade on that
Risk and Stock Trading
Fees: The Two Barriers To Overcome If You Want A Successful
You know the old joke:" How do you make a million in the
stock market? Start with two million?" There is no way
around it, risk and stock market fees are a part of trading
that you can't avoid. But, you can manage your risk.
Day Trading the Index
Futures - How to Judge Good Entries
QUESTION: If the SP futures fall through support and go
straight down for another two points, and I want to get
short, should I (a.) enter immediately, (b).
Example of a Profitable
Transaction in FOREX
To make a profit, in the FOREX, a trader can enter the
market as a *buy position* (known as going "long") or a
*sell position*(known as going "short"). For discussion,
let's assume you've been studying the EURO.
Choosing A Forex
With currency trading becoming ever more popular, the
number of brokers is growing at a rapid rate. What should
one look at when deciding which broker to open an account
with? These are the important points to consider.
Why Demo Account
Performance Is Often Better Than Real Account
Over the past several years, the popularity of online
currency trading has grown substantially. Each day, online
FX brokerage firms attract new investors - each of them
lining up with a glint in their eye, lured in by promises
of easy money.
Hedging Foreign Exchange
The exchange rate of the Macedonian Denar against the major
hard currencies of the world has remained stable in the
last few years. Because of the IMF restrictions, the local
Narodna (Central) Bank does not print money and there are
no physical Denars in the economy and in the local banks.
New Opportunities with
The simplest definition of currency trading is the practice
of exchanging one country's currency for another country's
currency. Basically, currency trading involves four main
variables: currencies, exchange rate, time, and interest
"Is it important to be creative in your trading?" I'm not
sure I can describe it in terms of importance. The creative
process is somewhat of a mystery, even to scientists who
Large inventory of office cubicle and partitions walls for sale in Northeast Ohio
Find home remodeling contractors Akron Ohio
currency trading forex currency trading online currency trading foreign currency trading currency forex learn
online trading currency forex online trading currency day trading currency trading system forex currency trading system currency
privateforextrader.com trading currency exchange trading e currency trading currency foreign privateforextrader.com trading book on currency
trading currency trading broker currency trading software day trading forex currency currency ireland trading online currency trading system
currency future trading day trading for the currency market online foreign currency trading fx currency trading forex currency trading
beginner forex training course currency trading currency day system trading currency trading course 4x currency trading currency trading
tutorial currency trading information foreign currency exchange trading currency global in market trading started in currency trading commodity
currency trading trading the global currency market international currency trading course in currency trading automated currency system
trading foreign currency trading software currency trading strategy currency forex learn trading currency make money trading currency
trading signal currency option trading currency forex market trading currency trading made easy chart currency trading currency trading
tip currency foreign forex trading currency demo trading currency trading forex spot rate learn currency trading basics currency trading
currency trading for beginner forex currency trading broker currency electronic trading currency game trading currency exchange foreign
forex trading interbank currency trading practice currency trading currency forex fx software software software trading free trading
currency guide tool online currency forex trading currency news trading best currency system trading currency trading account currency currency
forex forex learn online online trading online currency trading strategy currency trading platform currency forex learn online online trading
trading currency trading training company currency exchange foreign trading company currency forex trading currency euro trading currency
forex trader trading automated currency trading currency foreign system trading currency market trading currency option trading system currency
trading seminar business currency currency home internet trading trading canada currency trading spot currency trading currency exchange rate
trading currency forex pair trading using vantagepoint currency network neural trading boards currency forex trading how to start currency
trading currency trading australia currency forex tag trading currency forex trade trading currency insurance trading currency trading
education live currency trading online currency option trading advisor currency expert trading,
commodity currency future trading currency day foreign trading currency exchange link trading credit currency trading