How to Build a Trading Plan: Part Four

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Goal setting Having something to strive for should be an essential part of your trading plan. It is how we develop and ultimately progress. Goal setting is a component that should not only focus on financial objectives; it should also look at developmental goals as well. Some examples of developmental goals might be: Sticking to … Continue reading How to Build a Trading Plan: Part Four

How to build a Trading plan: Part Three

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Trading strategies As you can probably imagine, trading strategies vary according to the individual trader. Despite the differences, each trading plan should display clearly defined rules of engagement for both entry and exit signals. A setup is essentially a repetitive ‘pattern’ that provides a high-probability signal to trade the market. Whilst we recommend noting each … Continue reading How to build a Trading plan: Part Three

How to Build a Trading Plan: Part Two

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As briefly highlighted in part one, the staple behind any respectable trading plan will place a strong emphasis on risk and money management principles. What is your overall market risk? Overall market risk is the maximum permissible amount of capital at risk at any one time. As an example, let’s say that we have set … Continue reading How to Build a Trading Plan: Part Two

How to Build a Trading Plan: Part One

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What kind of response do you think you’d receive if you were to ask ten willing traders for a copy of their trading plan? Our guess is less than 30% would reply. This highlights a clear problem and may help address why so many find it difficult to accomplish their goals in this business. A … Continue reading How to Build a Trading Plan: Part One

3 indicators used by traders every day

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Did you know that most trading platforms offer in excess of 100 indicators? This, as you can imagine, often leaves traders overwhelmed, particularly in the earlier junctures of their journey. Before we get into the ‘meat and potatoes’ here though, remember that the best indicator will always be the one that suits YOUR trading style … Continue reading 3 indicators used by traders every day