Your trading plan
A key part of becoming a successful trader is having a plan. You need to find a way of trading that you like and that works for you.
This might take some trial and error at the start especially if you’re new to trading but that is where demo account really come into their own.
Consistency is key when it comes to trading and setting out a trade plan helps you follow a set plan and will show patterns in your success and failure.
The other great thing about a trade plan is that it removed emotion from your trading. Emotions are one of the largest reasons that beginners fail. They get wrapped up in the trade and either get over confident or nervous and this has a direct impact on their trade results.
In this course, we look at what you need to include in your trading plan, why it’s important and also an example of a trade plan to help create a framework for yours.