Trading Plan Guide PDF
Trading Plan Guide PDF
Trading Plan
A complete guide for building your Trading Plan
let’s start!
Trading Objectives
Why do I trade? What are my goals?
I’m currently trading: Full Time / Part Time / For Fun / For Curiosity/ Other
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2.
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5.
Name 5 weaknesses and how could you bypass them while trading:
1.
2.
3.
4.
5.
Key skills I still need to acquire:
Strategy Name:
1. Filters:
Pairs
Time Frames
Indicators
Scripts/EA
2. Setup
What variations you know for this setup
3. Trigger
What is a high quality signal
4. Stop
When will you exit the trade, where is your stop loss placed
5. Target
Describe
Describe
Daily Target
Daily Loss
Time limit
Daily Checkup
Self Evaluation
Before taking a trade ask yourself the following:
Yes, onward!
No, I need to be aware of that when trading or consider not to trade
Yes, describe
No, so why am I trading today?
Trade Checklist
Setup
Correct lot size
Correct stop loss
Correct take profit
Is this a:
high-quality signal
low-quality signal
Session Recap
Despite the outcome, did I take the trades I needed to take according to my strategy?
Yes
No, why?
Yes
No
Yes
No
What do I need to do in order to feel good after the next trading session?
Documenting your progress in forex trading will help you avoid repeating costly
mistakes and improve your strategic ideas. So, if you want to find success in forex
trading, a winning trading plan is the best way to go about it. All traders must have their
plan, which should account for personal trading goals and styles.
In times of trouble and in times of prosperity, your trading plan will keep you afloat and
able to navigate the constantly changing dynamics of the market. So take your time,
test, tweak, and most importantly, believe in your trading plan.
High 5!