When a foreign currency traderthinks to enter in the forex market he starts his trading plan already. Many traders think that there is no need of specific planning. But they forget that without a proper trading plan their journey can be random or traders won’t be able to craft their trading strategies according to his needs. He may win some trades by random way but it will become difficult for the traders to ensure good earnings over a long termhorizon.
trading technique and trading plan need to be combined in order to deliver good result. previously i already mentioned having good skill set and indicators only make you half way of success , the other half like i said is STRICTLY FOLLOW THE RULES which is part of the trading plan, plan will no longer workable if you choose to ignore it EMOTIONALLY .
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Forex Risk Warning: Due to leverage, Forex comes with a high risk of losing money. Eighty to 90 percent of Forex traders lose money. You should not invest money that you cannot afford to lose.