A Forex Trading Plan - E-book - ePub

A trading plan is a business plan. When you start a business, you write a business plan. When you become a professional trader, you write a trading plan. This is a full-fledged trading plan, at 40 pages so far. This is like a pamphlet chock full of information. You will learn by reading it. This trading plan will likely save you dozens of hours by giving you a fully-fleshed-out trading plan. You could call this a "sample trading plan" or an "example trading plan, " but this trading plan is NOT:- a bare-bones template- a "how-to" article telling you how to write a trading plan- an article expounding on the virtues of having a trading plan.
This trading plan encompasses the detail you must think about before you will become a successful trader. Although you will probably not trade the same way I do, and you cannot expect to use this trading plan exactly as written, you will gain benefit from reading it. You will likely borrow the parts you need, and you can consider alternatives for what you don't need. This trading plan gives you a starting point.
You will see sections on psychology, disaster recovery, tax status, and I will even tell you which broker I chose. While you still have to do the work, you don't have to re-invent the wheel. There is a theory that suggests it takes 10, 000 hours of deliberate study to master any topic. I think there is something to that. I've been studying trading for just over two years. I've read a dozen or more books and many, many articles.
I've also written object oriented code, with unit tests, which includes entries, exits, and money management techniques. (My code is not for sale.)Disclaimer--------------------- Having a trading plan is no guarantee that you will make money in the markets.- This trading plan is a "work in progress." Areas that need addressing are underlined. Unfortunately, there are no free updates.- There is no money-back guarantee.- This trading plan does not give the actual nuts and bolts of my strategies.
These details reside within programming code and are not included with this trading plan.