TAILIEUCHUNG - Forex Strategies for High and Low Volatility Markets_9

Tham khảo tài liệu 'forex strategies for high and low volatility markets_9', tài chính - ngân hàng, ngân hàng - tín dụng phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | MASTERING THE CURRENCY MARKET Once we get to step 3 we are adding experience to the learning process. Worthwhile experiences will encourage us to continue to pursue this process. Those experiences will come from doing what we are supposed to do when we are supposed to do it. Remembering what you are supposed to do and when you are supposed to do it becomes much more likely if you have read it and then written it down yourself as opposed to just reading it. You also need to contribute to the process of creating your trading plan not just copying one of ours. You will understand your plan much better if you construct it yourself. This book will help you because you can go back and research the tools and setups and signals you will need to understand to create and execute your plan. At we teach that the most important step in the learning process is completing a sound trading plan. We will help you do this by showing you an example of a trading plan later in this chapter. A trading plan is a definitive document that spells out everything you will do as a trader. It specifies the time frame charts you will use the indicators and overlays you will use on those charts and how you will use those tools to determine your entries and exits. It determines how much money you are willing to risk per trade and per day. More important it is a road map you can consult at any time before entering a trade during the management of a trade and after a trade. The importance of a trading plan cannot be overstated. Although the human brain can in the blink of an eye take in far more information than a person could ever use it can focus on only six or seven things at once. Because of this you can see how important it is that you be taught the correct information and learn it thoroughly enough that when the time comes you 276 CREATING A TRADING PLAN AND KEEPING A TRADING JOURNAL will be able to absorb most of the initial steps of analyzing a particular market such as support

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