In this course, you’ll learn:
✓The importance of having a well-defined Trading Plan
✓Understanding the significance of having a clear strategy and guidelines for your trades
✓Know the Different Types of Trading Styles
✓How to Create a Mechanical Trading System
✓Steps to Design Your Trading System
✓Time Frame for the Trading
Curriculum
- 5 Sections
- 41 Lessons
- 1 Hour
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- Developing Your Own Trading Plan13
- 1.1What is a Trading Plan?
- 1.2Why Do Forex Traders Need A Trading Plan?
- 1.3Why Trading Discipline is the Key to Consistent Profitability
- 1.4How To Find A Trading Style That Suits Your Personality
- 1.5What is Your Motivation to Be a Forex Trader?
- 1.6What Is Your Risk Capital? How Much Money Can You Afford To Lose?
- 1.7How Much Time Can You Dedicate To Forex Trading?
- 1.8Which Kind Of Returns Do You Expect To Make From Forex Trading?
- 1.9What Is Your Daily Pre-Trading Routine?
- 1.10What Forex Trading Software, Hardware, And Other Tools Will You Use?
- 1.1121 Questions You Should Answer In Your Trading Plan
- 1.12Stick With Your Trading Plan
- 1.13Summary: Developing a Trading Plan
- Which Type of Trader Are You?6
- Create Your Own Trading System6
- Keeping a Trading Journal12
- 4.1Why You Need A Trading Journal
- 4.25 Reasons To Keep A Forex Trading Journal
- 4.35 Things You Must Have In Your Trading Journal
- 4.4Potential Trading Area
- 4.5Entry Trigger
- 4.6Position Sizing
- 4.7Trade Management Rules
- 4.8Trade Retrospective
- 4.9Trading Performance Statistics
- 4.10Reviewing Your Trading Journal
- 4.11Keeping A Trading Journal Is Hard But It’s Worth It
- 4.12Summary: Keeping a Trade Journal
- How to Use MetaTrader 44
