Trader Need Plan To Be Succesful!

A trading plan is a trader's written document that contains comprehensive ideas and steps a trader will take to achieve profit opportunities in trading. The basic things in trading are usually loaded at the beginning of the trading plan document, while other rules are usually added over time according to the needs of traders.

To be able to analyze and measure the intended profit potential, a trader needs to have a good trading plan. In general, trading plans are personal because they are adjusted to the trading goals desired by traders. That's why the trading plan document is often kept tightly by traders because it is a form of bookkeeping of all trading activities to achieve certain goals.

The contents of the trading plan document also vary because it depends on a trader's personal records. But broadly speaking, an example of a trading plan consists of recording profit opportunities, asset management, initial trading capital, to recording the time of exit and entry of trading positions. Apart from that, the time frame in trading is also important.

The time frame is an important aspect for traders to pay attention to in order to be able to analyze asset prices correctly and get optimal profits. However, there are still many traders who do not know the most accurate time frame for their trading.

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