Trading forex without a trading plan is one of the biggest mistakes new traders are making. Before you start trading you should know that having a forex trading plan is one of the most important pieces of the puzzle for becoming a consistently successful forex trader. Many of the forex traders who are new in the forex market are trading without forex trading plan which is leading them to losing the account.
Can you share with us a trading plan template or sample ? thanks !!!
Definitely agree!
I’m currently in the noob stage, having a plan is essential as it defines how/when etc you should trade. Almost like a check list if you please.
Just as important is a diary, record your emotions etc. Later you can refer back to it find out if certain patterns are forming in your trading, if certain things need ironing out.