Earn up to
$50000
for inviting friends
to get StartUp Bonus
from InstaForex
No investments required!
Start trading without
any investments and risks
WITH NEW STARTUP
BONUS 1000$
GET BONUS
55%
from InstaForex
on every deposit
  • Amazed
  • Amused
  • Angelic
  • Angry
  • Asleep
  • Bashul
  • Bitchy
  • Blah
  • Bored
  • Breezy
  • Brooding
  • Busy
  • Buzzed
  • Chatty
  • Cheeky
  • Cheerful
  • Cold
  • Confused
  • Cool
  • Crappy
  • Cynical
  • Daring
  • Dead
  • Devilish
  • Doh
  • Doubtful
  • Drunk
  • Fine
  • Flirty
  • Goofy
  • Grumpy
  • Happy
  • Hot
  • Hungover
  • Innocent
  • Inspired
  • In_Love
  • Lonely
  • Lurking
  • Mellow
  • Paranoid
  • Pensive
  • Psychedelic
  • Relaxed
  • Sad
  • Scared
  • Shocked
  • Sick
  • Sleepy
  • Sneaky
  • Stresses
  • Tired
  • Twisted
  • Worried
  • Yeehaw
  • Reply to Thread
    Results 1 to 5 of 5

    Thread: What is plan formulation?

    1. #1
      FX Vampire
      I am:
      ----
       
      dtvade has much to be proud of dtvade has much to be proud of dtvade has much to be proud of dtvade has much to be proud of dtvade has much to be proud of dtvade has much to be proud of dtvade has much to be proud of dtvade has much to be proud of dtvade has much to be proud of dtvade's Avatar
      Posts
      1,838
      Accumulated bonus
      1283 USD (What is this?)
      Thanks
      2,554
      Thanked 1,294 Times in 746 Posts

      Default What is plan formulation?

      What is plan formulation and its importance?


    2. #2
      Forex in the blood
      I am:
      Cheerful
       
      pryo is a jewel in the rough pryo is a jewel in the rough pryo is a jewel in the rough pryo is a jewel in the rough pryo's Avatar
      Posts
      231
      Accumulated bonus
      153 USD (What is this?)
      Thanks
      718
      Thanked 355 Times in 165 Posts

      Default

      Plan formulation or planning means to create a step by step to do list to achieve a certain goal. It is like a blue map to reach any destination. We need planning in every sphere of our life. Proper planning helps to lead accuracy. Without planning there are possibilities to be misguided & it will be difficult to reach goal. Some times it may be impossible also.
      Planning makes us confident & as we have already planned the way & steps, we already know that what should we do next, what may be the problems & what will be the solutions. At last it can be said that planning is like the sail of a ship. Sail helps the ship to find his destination, like this planning helps us to find our achievements.


    3. #3
      Banned
      I am:
      ----
       
      taifon has a reputation beyond repute taifon has a reputation beyond repute taifon has a reputation beyond repute taifon has a reputation beyond repute taifon has a reputation beyond repute taifon has a reputation beyond repute taifon has a reputation beyond repute taifon has a reputation beyond repute taifon has a reputation beyond repute taifon has a reputation beyond repute taifon has a reputation beyond repute taifon's Avatar
      Posts
      1,096
      Accumulated bonus
      1711 USD (What is this?)
      Thanks
      2,396
      Thanked 2,567 Times in 1,060 Posts

      Default

      A trading plan is a set of tools and steps that are combined to reach a trading method that brings you to profits without a significant risk of trading
      This plan should take into account the times of the news so as to determine first what important news times the couples traded on and thus avoid entering deals at those times.
      The trading plan should also contain a trading strategy, which is the strategy that gives you the signals of selling and buying and therefore identifies the transactions that can be opened. This strategy should be tested in the demo account for a sufficient period.
      The final part is the capital management plan, which is a very important step in controlling risk during trading.


    4. The following 2 users say Thank You to taifon for this useful post.

      Unregistered (2)

    5. #4
      Forum Master
      I am:
      Flirty
       
      Batavia has a brilliant future Batavia has a brilliant future Batavia has a brilliant future Batavia has a brilliant future Batavia has a brilliant future Batavia has a brilliant future Batavia has a brilliant future Batavia has a brilliant future Batavia has a brilliant future Batavia has a brilliant future Batavia has a brilliant future Batavia's Avatar
      Posts
      6,929
      Accumulated bonus
      2001 USD (What is this?)
      caught pokemons
      1 (What is this?)
      Thanks
      1,645
      Thanked 1,838 Times in 521 Posts

      Default

      trading plan is where you have a target for every transaction or everyday or very weekly with percentage or pips target,
      the simple example explanation is like below

      for everyday (intraday)
      first (profit). you have a 2 percent target profit with balance $100 and its mean 2% profit = $2.
      second (pips). you have a target 50 pips a day and it mean you have to catch that for everyday.

      weekly
      first (profit). you have a 10% target for a week so its mean for every day you must to catch 2% or more. whatever your way but your target is 10% for a week.
      second (pips). you have a target 100 pips for a week its mean you must to catch 20 pips a day or more and whatever your way but your target 100 pips must to get it for a week.

      don't forget your strategy will determining too and do it with patience and discipline.


    6. #5
      My charts talk to me!
      I am:
      ----
       
      Renan is a glorious beacon of light Renan is a glorious beacon of light Renan is a glorious beacon of light Renan is a glorious beacon of light Renan is a glorious beacon of light Renan's Avatar
      Posts
      728
      Accumulated bonus
      540 USD (What is this?)
      Thanks
      577
      Thanked 521 Times in 323 Posts

      Default

      Every trader can have different views on the market. Similarly, the way of thinking, risk tolerance and target, of course, also different. Just because someone has a trading method that they can run well and successfully, not necessarily the method is also suitable for you.
      Have your own trading plan, which suits your character as a trader, and keep it updated as you learn about the market. Building a trading plan and running it well is closely related to the discipline. But discipline alone is not enough. True, not enough. You must have super-strict discipline. Yes, super-tight! Having a super-tight discipline is the most important character of a successful trader.
      The super-tight discipline you need to run the trading plan you built earlier. The trading plan itself is a guide on what you should do, why, when and how you will do it. Trading plan covers your personality as a trader, personal target, risk management and trading system that you will apply.


    Reply to Thread

    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts