How To Make Your Trading Plan In 7 Steps !
How To Make Your Trading Plan In 7 Steps !
➡️ Choose The Correct Time Frame
All traders know what time frames are, but few know that each time frame has a specific way of working. Time frames from 15 minutes to 60 minutes fall under the name of day trading, meaning that all deals will be closed on the same day, whether with profit or loss, and traders call it the name "Scalping"
On the other hand, there is a time frame from 4 hours to the daily frame, which are considered long deals and traders call them “swing”
Time frames higher than the daily are considered investment centers and are not suitable for small capitals
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➡️ Risk Management
Most traders make a fatal mistake, which is not choosing a risk ratio for each trade, and this exposes the entire account to a loss. The best traders in the world believe that the reasonable risk ratio is between 1% to 3% for each trade.
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➡️ Conditions
You Must Choose Between " Ranging " Or " Trending "
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➡️ Markets
In Stock Markets We Have 4 Market ,,
- First One Is Option
Option or binary options is a currency, commodities and stock market that simulates the same conditions as the real markets, but you can set a time for the transaction and bet on the direction within a minute or two and you can win up to 90% of the bet amount, but in the event of a loss, you lose the entire bet amount and some believe that The option market has a lot of suspicions and scams
- Second Type Is Equity
- Third Type Is Futures
- Forth Type Is Forex
- Fifth Market Is Crypto Currency
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➡️ Type Of Your Entries
- Pull Back
- Break Out
- Cross Over
——————————————————
➡️ How To Put Your Stop And Targets ?
——————————————————
Print It And Don't Forget Any One From The 7 Steps To Be Successful Trader ❤️❤️
➡️ Choose The Correct Time Frame
All traders know what time frames are, but few know that each time frame has a specific way of working. Time frames from 15 minutes to 60 minutes fall under the name of day trading, meaning that all deals will be closed on the same day, whether with profit or loss, and traders call it the name "Scalping"
On the other hand, there is a time frame from 4 hours to the daily frame, which are considered long deals and traders call them “swing”
Time frames higher than the daily are considered investment centers and are not suitable for small capitals
——————————————————
➡️ Risk Management
Most traders make a fatal mistake, which is not choosing a risk ratio for each trade, and this exposes the entire account to a loss. The best traders in the world believe that the reasonable risk ratio is between 1% to 3% for each trade.
——————————————————
➡️ Conditions
You Must Choose Between " Ranging " Or " Trending "
——————————————————
➡️ Markets
In Stock Markets We Have 4 Market ,,
- First One Is Option
Option or binary options is a currency, commodities and stock market that simulates the same conditions as the real markets, but you can set a time for the transaction and bet on the direction within a minute or two and you can win up to 90% of the bet amount, but in the event of a loss, you lose the entire bet amount and some believe that The option market has a lot of suspicions and scams
- Second Type Is Equity
- Third Type Is Futures
- Forth Type Is Forex
- Fifth Market Is Crypto Currency
——————————————————
➡️ Type Of Your Entries
- Pull Back
- Break Out
- Cross Over
——————————————————
➡️ How To Put Your Stop And Targets ?
——————————————————
Print It And Don't Forget Any One From The 7 Steps To Be Successful Trader ❤️❤️
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