What is Trading Plan?

 Success depends on a flawless plan. The plan alone will not yield result. It must be implemented. Before implementing the plan it must be simulated with virtual trading.

Why Have a Trading Plan?

• It will lead you to take right direction

• Trading is a business and successful businesses. have plans
  
  Trading Plan Tips
  
   Are You A Day Trader Or A Swing Trader, or How Often Are You Going To Trade?

•  What Amount of Risk Are You Going To Tolerate

•  How much Gains or Profits Are You Aiming For?

• System Decay

• External Factors- How Sensitive Is Your Trading Plan?

Golden Rules in Forex Trading

• Do Not be a Gambler while Trading Forex
• Do not get carried by Emotions
• Do not be Greedy to earn profit
• Do not get depressed when you loose
• Remember to be in the market for ever
• Do not hear Gossip
• Only use 1% of Margin money for Trading
• Do not Trade on Calendar Events if you not know the trend

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