ali200 Posted November 20, 2013 Report Share Posted November 20, 2013 LONG-TERM PLANS WHEN TRADING FOREX You should have a long-term Forex trading plan that is comprehensive and takes into consideration unforeseen events and contingencies. Then again, only the most experienced traders can come up with such versatile and flexible plans because they have literally seen and done it all. For beginners, the key to your success lies more in learning the ropes so that soon enough, you can gain the financial resilience of a long-term plan. Furthermore, if you are going to depend on the knowledge of others in the Forex market, then you need to make sure that the trade plans they are teaching you are intuitive, easy to learn, and easy to explain. The last thing that you want to happen is to follow a plan that you have little to no knowledge about and only have a vague understanding of. To be more specific, your practices should be well defined and your goals somewhat achievable so that you can climb the ladder of Forex success one-step or rung at a time. The plans and market analysis that you have on hand for the sake of currency trading should not be overanalyzed or over-explained. What you want are results, not theories. You need a plan that is practical and executable. You specifically need a plan that can help you to automate the entire trading process. http://www.forex-metal.com/affiliate/46199/2 Quote Link to comment Share on other sites More sharing options...
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