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The Key Elements of a Successful Trading Plan
Wednesday, January 22, 2020
Expert: ALAN GREENWALD Hosted by: LegacyFX- Cryptocurrency
- CFD
- Trading Systems
- Beginners
- Intermediate
- Advanced
Successful traders do several things that amateurs often forget. They plan a trading strategy, they follow the markets, and they track, and analyze each of their trades. The first step is building a strategic trading plan. This is often overlooked by novice traders. A trading plan does not only incorporate your strategies and how you will decide to make a trade, it will incorporate risk management as well as defined entry and exit plans.
You may have heard the adage, "if you fail to plan, you plan to fail." This is particularly true in online trading as well as investing. Successful traders start with a sound plan and they stick to it at all times. This will help take the emotion out of your trading.
In this class I will help guide you along your way to build your own plan, including
· Choose the assets that are right for you
· Trading goals
· Your trading strategy
· Deciding how long you will stay in a position
· Set your targets
· Set your risk tolerance
· How to set up your trading log
· How to evaluate your performance
John Roman
John is an active trader and educator at Investors Trading Academy with an MBA in Finance from New York University. He began trading in 1995 focusing mainly on commodities and options, then transformed into forex investment. His current specialization covers all aspects of forex trading utilizing fundamental and technical analysis, namely chart pattern analysis. Mr. Roman has conducted training seminars on all over the world from novice to innovative strategies. He provides a solid, collaborative and extremely encouraging training atmosphere to assist Forex traders in locating and trading momentum moves, using confirmed patterns and methods.
You may have heard the adage, "if you fail to plan, you plan to fail." This is particularly true in online trading as well as investing. Successful traders start with a sound plan and they stick to it at all times. This will help take the emotion out of your trading.
In this class I will help guide you along your way to build your own plan, including
· Choose the assets that are right for you
· Trading goals
· Your trading strategy
· Deciding how long you will stay in a position
· Set your targets
· Set your risk tolerance
· How to set up your trading log
· How to evaluate your performance
John Roman
John is an active trader and educator at Investors Trading Academy with an MBA in Finance from New York University. He began trading in 1995 focusing mainly on commodities and options, then transformed into forex investment. His current specialization covers all aspects of forex trading utilizing fundamental and technical analysis, namely chart pattern analysis. Mr. Roman has conducted training seminars on all over the world from novice to innovative strategies. He provides a solid, collaborative and extremely encouraging training atmosphere to assist Forex traders in locating and trading momentum moves, using confirmed patterns and methods.