Question?

Do trading plans is necessary here in this business or not ??

100% necessary. Without a plan how do you decide when to enter/leave a trade, where to put your tp/sl?

I think you’ve more or less answered your own question, by using the word “business”. [B][U]If[/U][/B] it’s a business, then a plan is essential. Otherwise it’s just “playing”; [I]not[/I] a “business”.

No plan is necessary, just open an account and the money will start tumbling in :smiley:

This can best explained this way; imagine that we step out the house with just no plan, nothing in mind, no where to go. But you just step out the door and start walking with no direction.
Forex is more like that, you need a plan to succeed. I was puzzled with this same issue for a long time until I bumped into some videos on profiforex educational page, it was then I came up with some plans/strategies on forex.
Most especially the system of three screens mix matched with some indicators, have really worked for me.
One definitely needs a plan to succeed in forex.