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Developing a Plan in Forex should be a Priority

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  • Developing a Plan in Forex should be a Priority

    Having a good forex trading plan is one of the most important thing to do for any forex trader to have consistent profit in the market. But some would say it is easier said than done, because creating a suitable plan can prove difficult sometimes.

    But no matter how we see it, a trading plan can help determine if we trade emotionally or objectively. Thereby acting as a guide which help you to be disciplined while trading. This can also determine where and why things are going wrong and brings you in check.
    In all, draw out a plan; what you want in the market, what you need to succeed, how to make that happen and where you need to be flexible.

  • #2
    Yes, it is important to develop plans and it is obvious that this is a type of priority that will lead to everything been perfect. We can plan to earn and do anything, but eventually it will boil down to planning, so if we put this as first priority then it will definitely help us be successful and thanks to OctaFX broker, it has really made things easier with their low spread of 0.2 pips for all major pairs plus much more which has really made trading easier.

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    • #3
      There is no question that planning well should be the number one priority for anyone because this is what leads to success for us, if we are not good in planning then we are always going to suffer. I was not great in planning, but ever since I started with Nova FX broker, it has been made easier with their lovely facilities which includes stable spread of 1.5 pips, massive bonus up to 111% and many lovely stuff including PAMM account, so that leaves no tension for me about planning.

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      • #4
        I experienced horrible organization with AAFX, Here I am examining greater aggregates. My adjust was yesterday 50300 euros and they said the trading volume was too low so they expected to change to Binary option. I 2 second 5000 euros was no more!!! My senior broker pointed the finger at me for this-I did nothing inaccurately - he pushed the gets. I have a couple of times asked for withdrawal anyway every time they said the trading volume was too low.

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