Most Fail Because They Cannot Accept This Key Point

I teach forex for a living and it never ceases to amaze me that people don't think the next key point is the key to forex trading success. If you don't accept this key point and mentally prepare for it, you will lose too.

When I look at the forex education online much of it makes me laugh. You have vendors selling products that promise extra ordinary profits for no effort, with hardly a loss at all but this is not the real world - it's the fantasy world of them selling simulated track records backwards knowing all the data.

Real life trading is a bit harder you don't know what will happen and losses have to be confronted and dealt with.

The Reality

The reality of forex trading is no matter how clever you are how good you're trading system you are going to suffer drawdown and losses and most traders cannot cope with them.

Even the best traders will lose for weeks on end sometimes, that's just the way forex trading is. This doesn't mean you can't win, you can - but you need to face these losing periods and keep these losses small until you hit a home run.

Sound easy?

Well if you trade already, you know it's hard but the way to do it and stick on course until you hit a home run is as follows:

Being Disciplined and Hitting Home Runs

First you need to accept as part of your essential forex education, that losing is part of winning.

Don't let them hurt your ego or get angry it's not personal! Then, you need to make sure you trade with discipline, you will only ever do this if, you know the forex trading systems logic and have confidence in it so if its not your own learn it.

The ability to keep losses small is the key. To do this always assume the worst, place your stop and leave it - never run a mental stop. In most cases if you run a mental stop, you are tempted to hang on to long and think the loss will turn around and this is a fatal mistake.

Like a good football team your success is built on defence - keep it tight at the back and don't concede too much and if you have a sound system, sooner or later, it will hit the big trades you can run to cover your losses.

So the moral is keep losses small, take them cheerfully and see them as your overhead, in the quest for success.

Always Remember

You can be clever you can have a good system but if you are not disciplined taking your losses and keeping them small, you will lose.

In terms of forex success you have to lose to win; this has always been so and always will be so don't fight accept it and your forex trading strategy with good money management and discipline, will lead you to the currency trading success you desire.

How Do You Know Who is Really an Expert?

Anyone can claim to be a Forex expert advisor but most are not. So what Forex expert advisors deliver and how do you spot them? Lets find out...

Most Forex Expert advisors have computer software they have programmed which they claim will make you money - but the vast majority of it is based on unsound logic which has no chance of working.

The problem is most of the systems are presented with a hypothetical back test as evidence of the systems money making power.

This though proves nothing, as the vendor knows all the prices - the exact tops and bottoms and can buy and sell, knowing these facts. It's no wonder some of the track records would put the best Forex fund managers in the world to shame. The problem of course is there not real.

Just because someone can make a simulation profitable means nothing. That's why the system has probably not been traded by the vendor. If it was as good as they say they would have one and in fact they wouldn't sell it for $100 - they wouldn't need to, they would be making to much money to bother.

So forget these get rich quick methods that don't work and seek out a forex expert advisor who has a real track record or something worthwhile to teach you so you can devise your own.

If you find a mechanical forex trading system with a real track over a few years, just check the logic, make sure you understand it and can trade it with discipline through losing periods.

Despite the fact that most novice traders go for an automatic system, it's a fact that most serious forex traders do not use pure mechanical trading methods, they have human input on - the trade set ups and risk exposure and this really is the way to trade in my view.

Forex expert advisors are out there, who have made real money or can teach you Forex trading strategies to get the odds on your side - but they are a minority.

Most vendors hope the novice Forex trader falls for his simulated track record and the trader gets wiped out - don't fall for them, shop around and find a real expert who is a trader and has traded real money.

Anyone Can Learn to Win But 95% of Traders Lose Why?

Forex trading is simple to understand and easy to learn yet, 95% of traders lose. There are two main reasons for this and we will look at both here...

First let's start with a fact to make you think:

30 years ago 95% of traders lost and 95% lose today despite the huge advances in communications, speed of data, quality of news and the power of computers and there testing power - the same ratio lose, so all the advances haven't helped.

You can't beat Forex with technology and the fact is simple systems work best and always have, as they have fewer elements to break than complicated ones.

So if you work hard or try and be clever it doesn't guarantee you success.

You may now well be asking...

If it only takes a simple system to win, anyone can do that and yes they can - but they must learn to apply it with discipline.

Discipline is the key!

Most traders can never trade in a disciplined fashion and the reasons they can't are they require that, not only do you need a good forex education but you are fighting your emotions when you trade and let them get the better of you and you will lose.

Normal behaviour we take for granted in society is fatal in forex markets. Let's look at some examples to illustrate this:

- You need to trade in isolation, away from the herd and this is hard, as we are like to be with the majority and not feel on our own.

- You cannot consult an expert, as trading success comes from within - your knowledge and the confidence you have in it and an expert can never give you that.

- There are no set rules in the market, you make your own, trust them and survive by them.

- We all hate losing, it wounds our ego but unless you learn to lose and keep your losses small you will never win.

Now all the above make trading a unique challenge.

Sure you can become disciplined - but don't let anyone tell you its easy - it isn't.

Of course, you wouldn't expect it to be, with the rewards on offer - but if you are disciplined and you have a sound logical method, applying it with discipline can bring you rewards which can change your financial future forever.

The choice is yours:

You can learn Forex trading the right way, or you can listen to the so called gurus and experts, who tell you it's a walk in the park and lose.

Make an effort - invest in a sound Forex education and you will have confidence and discipline and win - it's as simple as that. You can do it if you want to and the choice is yours.

Forex Autopilot System - Review

There are plenty of ways to make money on the internet nowadays, but they usually require you to have your own product and website, which involves a lot of your time and energy and which is not even guaranteed to make you money.

We live in an interesting time in the history of the world. Never before has there been so many ways to make money and never before has the average person been within reach of the ability to literally make millions. And you can do it from home.

Currently the United States Dollar is at an all time low versus the Euro and at times the Canadian Dollar and the Australian Dollar. If you don’t follow such things don’t be embarrassed that you don’t know this, you probably wouldn’t even have it come to your attention unless you are planning a trip to Europe. But this is important to you even if you don’t realize it. Trade with other Nations depends on the currency value of each country. Currently the U.S. Dollar being so low is playing a part in why we are paying $4.25/gallon for gasoline.

But with every storm there comes a silver lining, or at least history would say so. You see, with the U.S. Dollar so low and knowing at some time it MUST come back up you can get into this opportunity for as little as $100. If you are new to this type of investment you should start reading up on it and also look into the program Forex Autopilot System.

Forex Autopilot System is a unique program that allows people who know nothing about trading on the forex market, to make thousands and thousands per month. It was created by Mark Copeland, who starting trading forex 8 years ago. He was an analyst at Goldman Sachs’s, and while he was there he researched the huge complicated system that the big boy uses to make killer trades for millions of dollars.

Forex Autopilot System, a simple piece of software able to run on your pc. The system only uses the most advanced technologies, running on hundreds of computers. The system runs on the Meta trading platform, which is the most famous trading platform in the forex world. You can start with as little as $100 on a real forex account or learn the ropes on a demo account without risking any money at all.

Reliable and consistent, it works everyday even when you are not at home, because it is fully automated, which means you just watch it work for you. Once your have downloaded the program it takes about 15-20 minutes to setup the system for it to be ready for trading.

With program you can expect to make around 5-25% return per month. And that means with this system you can make 75 pips or 150 pips ($7500 or $15000) per month, it all depends on your trading capital. The one drawback that I noticed is that there isn’t a stop-loss built into the software which you will have to set manually. So it is best that you do a little research on Forex Trading before you actually put real money into it. I suggest that for all types of investment vehicles, don’t trust programs 100% until you have seen them run for a while.

The reason that I said that this is a historical time in our lives is that when the U.S. Dollar comes back up it will move probably over 1000 pips (each pip is worth $10.00, you can own more than one pip so this could be a Million Dollar Move) over the next year or so. So realistically $100 can turn into $1,000,000.

Now tell me, when has that ever been possible in the history of the world?

Forex Signals - Will They Help You Or Hurt You?

The Forex market confuses many inexperienced traders. Some companies take advantage of their confusions by enticing them to purchase Forex signals. Forex signals are touted as a way to help the new traders get a better understanding of the market and how the market works. Thinking these signals will give them an advantage, many novice traders purchase them. Some traders benefit from the signals and some don’t. Whether Forex signals are worth the cost is a matter of dispute.

Each trader must decide for themselves if the benefits of the signals are worth the cost. New traders in the Forex market should research the value and usefulness of signals before deciding if they should purchase them. They should learn more about Forex signals, find out what precautions to take, and how to proceed. They should also learn what other options they have instead of paying for Forex signals.

Novice traders are cautioned against paying for Forex signals by many experts. Signals may seem appealing to inexperienced traders, but signals can have disappointing results. The trader needs to trust the person selling the signals, and that can be a difficult thing for an inexperienced trader. According to experts, if the people selling Forex signals were great traders then they would be making their living from the Forex market instead of from selling Forex signals. Traders considering buying the signals should consider this distinction carefully.

There are few things you should consider before buying Forex signals. Traders should select signals from sellers who give a free trial. Legitimate businesses are willing to allow you to test their information before buying it. Traders should get audited results from the signal provider. Company who are unwilling to give audited results should not be considered. In order to ensure that the trader is receiving information that will benefit them, they should only work with companies who are willing to provide previous, audited results to the trader. Companies who validate their information are easier for the trader to trust than companies who refuse to give traders a trial of their services and audited results.

Inexperienced traders who want some help getting started should apply for a trial account from a Forex broker. Trial accounts allow traders to practice trading without using real money, and thereby learn about the Forex market. Traders can use trial accounts to learn the fundamentals of the Forex and gain experience with trading and research. Many brokers offer trial accounts with the expectation that traders will gain information and comfort with the Forex, and will develop a business relationship with the broker.

Traders who decide to open a traditional Forex account should start trading with a small deposit until they gain experience. Traders who start trading with a small account will be less afraid to trade because they have less to lose. Once traders move from a trial account to a traditional account they should keep in mind that the different ramifications from their trades may cause a psychological impact from using real money. Traders should be aware of this when they begin traditional trading and should act accordingly.

Forex Strategy-Which Strategy is the Best?

Investing in any kind of business or industry entails not only knowledge and hard work but also the perfect and best strategy for a winning game. Forex trading business has been one of the most attractive moneymaking opportunities for lot of people these days. You read it in the papers; you watch it in the news. Everybody's is raving for a piece of winning from it.

Staying on top of a big and risky business, such as forex trading, needs the best forex strategy, wherein you can continuously use all throughout the trade and still not lose in the game or can upgrade and develop over time. Such strategies should keep maximizing your profits and giving you a big slice of the forex cake.

But did you know that to establish the best forex strategy, it is important for a trader to understand other strategies that the market has been dealing with for sometime? These strategies will be your basis in formulating your own workable forex strategy.

Normal Trading Day. This happens when the market is experiencing a normal trading day, wherein the currency price begins quite below or above 75ma. Next, it stretches a little, and then back to 75ma. This event refers to a certain currency being stable, showing the smallest sign that you should make some adjustment son your position.

Slow Trading Day. This happens when the market is witnessing a slow trading condition, wherein the currency price starts at 200ma, but stretches no over than 20pips,a and goes back to 200ma on that same trading day. When it happens, this paves the way to a normal trading day. After which, you make some adjustments on your strategy because it indicates stability of the value of currency.

Fast Trading Day. It happens when the market is having a fast trading day, wherein the currency price is quite below or above 21ema. It ascends and descends afterwards. Then, returns to 21ema. This signifies optimistic movements of the features that affect the mother country's currency, although such movements can be both for the good or bad.

Big Range Day. This pertain to the lows and highs of the range of the subject - that is 20pips apart. It signifies the currency's instability. It can also be good or bad. At this case, your strategy should be flexible enough for anything that might happen.

Any forex strategy have to be taken with flexibility, vigilance and utmost caution. Most traders have learned to establish their own strategy to ensure the success of their financial ventures. However, there is no perfect or absolute forex strategy or method over time. Strategies have to be updated and enhanced every now and then because the market conditions are dependent on a per day basis.

To learn the real art of forex trading is never that easy. It takes a lot of patience, observation, critical mindedness, awareness, motivation, wisdom, and understanding to really get into the business for the longest time.

Can It Make You A Successful Trader?

Until relatively recently fundamental analysis, or looking at past political and economic events to help them predict price movements in the underlying currencies they traded, is how most traders arrived at trading decisions.

However, fundamental analysis requires a trader to absorb lots of diverse information from many sources and considerable knowledge to interpret it accurately. Couple this with basic disagreements as to what information is important and what weight to assign it and you can begin to see why this method took enormous resources and time. Two characteristics not commonly associated with the individual investor.

The end result was that for years currency trading was the exclusive playground of large banks or other institutions with the resources to accomplish this type of analysis

Now, the rise of computing power and the proliferation of electronic information sources have lead to a fundamental shift in the way most traders analyze the Forex market.

Today most traders employ another, more automated, form of analysis known as technical analysis. This involves the combined charting of real-time and historical price movement data of currencies. Today this is mostly accomplished using computers which have the ability to do the sometimes complex math quickly in near real-time.

Technical analysis really boils down to simply taking the over one hundred years worth of recorded historical price data available from the foreign currency market and running it through a computerized charting application to look for patterns and trends.

Once these patterns or trends are identified they must be quantified in there ability to predict price moves in a particular direction. Once done, a trader can then look at the manner in which a currency's price is currently moving and compare this to similar past patterns to predict the future direction of movement.

So, while technical analysis still requires skill, experience, and judgment the fact that it is more automated and less subjective than the research involved in fundamental analysis contributes to it's popularity. The debate over which method is better will probably never be resolved, but most traders feel that technical analysis is easier to learn and master.

There are three underlying principles one must be familiar with to fully understand technical analysis.

First, there are many factors, such as political or economic events, that will produce price movement in a particular currency pair. However, these factors, or reasons, are not what's important to technical analysis, but rather the price movement itself.

Second, technical analysis assumes that pricing moves follow a trend that can be discerned by tracking the patterns that emerge over time in the market.

Finally, the trends and patterns that emerge from historical charting and analysis of price will also be reflected in future price action movements. This is because, in the view of the technical analyst, the trading psychology of humans remains for the most part constant over time. So market participants will react in similar fashion to similar news in the future the same as they have in the past.

This "wisdom of crowds" or at least the predictability of crowds is dismissed by followers of the fundamental analysis approach. They hold to their belief that a deep understanding of the factors that affect pricing and not a reliance on patterns is the only way to produce reliable long term results.

In spite what the fans of fundamental analysis say the majority of traders today rely almost entirely on a some form of technical analysis for trading currency.

No system, whether based on fundamental and technical analysis, can accurately predict price movements every time but a good technical trader who takes the time to learn a sound methodology can do quite well.

Understanding the Forex Market

With a host of different market makers, rather than a few specific specialist, and no centralized market, there still exists both and identifiable structure and specific hierarchy within the Forex market.

At the top of the pyramid the InterBank market, made up primarily of the currencies of G8 countries representing around 65 percent of the global economy, has the highest volume of trading. Within this InterBank market the major banks trade among each other using lines of credit between individual member banks.

The banks use InterBank brokers and electronic trading systems to facilitate trading transactions among one another with all applicable rate information available in real-time to all parties.

While the major banks trade within the InterBank market many smaller players like corporations or smaller banks use commercial banks to facilitate their trading activities. Without established lines of credit between members as in the InterBank structure these smaller players typically use a single bank for all their transactions and usually trade at higher less competitive rates.

Until recently the domination of the major banks and the closed nature of the market members acted s a barrier to entry for those individuals wishing to trade foreign currency. However, the advent of internet-based information and trading systems coupled with less restrictive regulations have opened up this multi-billion dollar market to the average investor.

Changes in the nature of the Forex market itself have also opened up opportunities. Whereas foreign currency trading was once primarily considered an aspect of international trade activity to facilitate a country's import export activity, today's market sees a broader range of capital flowing between players such as mutual funds, insurance companies, institutions, and even private individual investors.

It is the massive market size and diversity of participants which give the Forex it's superior liquidity and transparency that make it an ideal opportunity for the active investor. Higher leverage, and online trading capabilities means just about anyone with a few thousand dollars to invest can get started.

New traders or people that are considering a move into the Forex market are often discouraged from hearing over and over that the Forex market is difficult to make money in. Quite simply it isn't. You just have to go into it with right attitude or mindset.

Experienced traders often refer to this as your trading psychology. Part of a healthy and successful trading psychology will definitely include the following three attitudes or concepts.

First, know when to get in and out of a trade. That means setting your goals in advance and not just winging it once you opened a position. Plan you trade and trade your plan.

Failing to plan will ensure that you are surprised by the market more often than not and will hesitate and watch helplessly as a positive trade becomes a loss.

Successful traders watch the basic and proven indicators to determines the viability of there trades. Of all the indicators used in Forex trading price is the most accurate and useful in the long run. Complexity can kill your trading success so always keep it simple.

A Review of the Trend Lines Forex & Futures Video Forecast Service

When you are looking into getting the money that you need to do the things that you want, you'll soon discover that there are many different options out there that say that they will help you figure out what you are after. When you want to make sure that you are going to be quick and aggressive about the opportunities that are open in front of you, you'll soon find that the options that are being offered to you might be a little suspect when it comes to the information that you are looking at.

When you look at the investment opportunities that you might looking for, you'll soon discover that there are many things that you have to keep in mind and that if you don't keep your head, you might end up losing money that you cannot afford to lose!

For many people when it comes to the world of Forex and trading futures, good information is worth more than gold and unless you can really move ahead and get the options that you are interested in, you'll soon discover that there are plenty of options open to you when it comes to looking at what you want, especially when you start looking at the Trend Lines Forex & Futures Video Forecast Service.

The Trend Lines Forex & Futures Video Forecast Service is one of the most valuable tools that you can have helping you along when it comes to looking into what kind of options you have in front of you. If you want to play a high risk, high yield investment game, you'll soon find that playing it without any good information coming in can be a truly negative and horrifying experience.

And if you find that you are able to move forward and to get the options that you need that you will need good sources to do so. When you are looking at the very options that are in front of you, you need to consider where you are getting your information from, and with this in mind, you need to think about things that involve good motion and you need to make sure that you stay on top of it.

Just like having Trend Lines Forex & Futures Video Forecast Service on tap can help you, you'll find that actually not having it will hurt you. Think about the traders who have lost a great deal of money when they forget to check the daily, weekly and monthly charts that are available to them.

You'll find that you can have a five-year at a glance market that is important and comes with all of the trendline date already mapped out for you in advance. If you want to take advantage of data that has already been compiled and put together in a way that will be easy and straightforward when it comes to reading it, you'll soon discover that the Trend Lines Forex & Futures Video Forecast Service is something that you need to think about.

Forex Market Hours

Many people ask about Forex market hours thinking that it's like the stock market, which opens and closes each business day. But, that's not how the foreign exchange market works.

The Forex market operates 24 hours a day and is the most liquid market in the world, enabling you to enter and exit your positions nearly at will. Yes, it's that open and flexible.

However, the Forex market is also very risky to trade. There are times during the day and night that offer you some very good movement and consequently some higher risk. In short, knowing the "peak and valley" hours of the foreign exchange is more important than knowing that it's open 24 hours a day.

Studying the various currency pairing and how they trade during various times of the day will help determine which pairing (or pairings) you should concentrate on and at which times offer you more opportunities based on your trading style.

It is advisable at first to concentrate on just one pairing. Trying to watch two, three or more pairings can lead you into making bad decisions. So, to begin, focus on one of the big six (major) pairings, which are:

1. Euro Dollar vs. the US Dollar (EUR/USD)
2. British Pound vs. the US Dollar (GBP/USD)
3. Australian Dollar vs. the US Dollar (AUD/USD)
4. US Dollar vs. the Japanese Yen (USD/JPY)
5. US Dollar vs. the Swiss Franc (USD/CHF)
6. US Dollar vs. the Canadian Dollar (USD/CAD)

Yes, there are opportunities at all times of the day and night to make trades with these pairings. However, the best opportunities you will find are when you have two major markets open at the same time.

That's a $100 tip. If you know these windows of opportunity you can decrease risks and increase your potential profits on the FX market.

Here are the major market times you should be aware of:

* New York -- 8am to 4pm EST
* London -- 2am to 12nn EST
* Great Britain -- 3am to 11am EST
* Tokyo -- 8pm to 4am EST
* Australia -- 7pm to 3am EST

You will notice that there are plenty of times to trade (24 hours a day!) But if you look at that list, you will see that from 8am EST to 12pm EST you have two of the largest financial markets open at the same time: New York and London! These are your golden hours to trade Forex online.

You will also notice that, if you are a night owl, you also have some prime hours from about 2am EST to 4am EST, with London and Tokyo both open.

The best way to see which times will work for you is to first open a demo account with a Forex broker. All reputable Forex brokers will have a free demo account available for you to use. Once you have the account set up, log into the demo account during various times of the day. Watch how the market reacts among the various currency pairings.

Given enough screen time, you will start to learn the various nuances of each currency pair and what times of the day will fit with your schedule and your trading strategy.

And when you are ready to trade a live account with real money on the line, you will be much better prepared to make that first trade in this great market.

Forex Trading Online and Money Management

If you're going to be Forex trading online then you need to understand the basic principles of money management. In this article you'll learn several key ideas that relate to both foreign trading and general market trading. If you don't pay attention to this rules, you could lose a lot of money quickly.

You know the old saying: "Never place all of your eggs in one basket." This is very true of the Forex market (or any financial market for that matter.)

It is widely held that one should NEVER risk more than 5% (or less) on any one trade. This is the basis behind money (or risk) management.

It helps keep you from getting emotionally attached to the trade. It is VERY easy to get angry at the market for a trade that went bad -- you will want to "get even." Everyone has experienced this. BUT if you stick to the 5% or less rule, it will help contain that urge to invest more money into a losing trade.

Oh, and you will lose money trading if you don't. Period.

There is not one person on this planet that always makes good trades. It is simply not possible...well, ok: it's simple not probable. If a person were to be a perfect trader, we would have no markets. They would dominate everything. If you read any trading book, magazine or website (and you should), if they are intelligent at all, they will all tell you the same thing. You will lose money trading. The key is to limit your risk as best as you can and to stick to your money management plan.

Most traders lose money because of a lack of a trading plan and not having strict money management guidelines.

It is important that you understand the risks involved in Forex trading. You need not to over invest or be overconfident at the thrill of opportunity of making huge money.

Create a money management plan by simply writing down your goal and objectives. You know what amount of money you are going to start your account with, so take that number and do the calculations to see how much money you can risk with each trade...remember: no more than 5%, less if possible.

Write it down and keep it in front of you at all times. Remind yourself of your limits.

Trading the Forex market is a skill that takes quite a bit of time to learn. And while you may have some good success at first, keep yourself grounded. It will become very tempting, especially after having quite a few winning trades in a row, to become overconfident and start risking more than your allotted 5% limit. You are setting yourself up for disaster if you fall into this false sense of "I CAN'T LOSE" mentality.

Take your time, study the nuances of the market, and set up a strict money management plan. This will help you stay in this game longer than the average trader!

The Forex Market Trading Plan

This article will explain exactly why you need a Forex market trading plan. Furthermore, we'll give you a couple of simple ideas to get started with your own personal foreign exchange trading plan.

When is the last time you took a trip out of state to a place you have never been before? Did you get into your vehicle and just start driving, hoping that you will just somehow find your destination? Ok, yes, perhaps it would be fun to discover new territory without a road map, but most times you will find it hard and very frustrating to get where you want to go.

That is why you make plans, and creating a trading plan is no different. It is, in fact, way more important than a simple road trip!

Forex marketer trading plans are meant to make you create a roadmap on where you are currently, where you want to go, and the rules you will need in order to help you get there.

Creating an FX trading plan involves writing down your goals and objectives in your trading venture. You will want to keep it as simple as possible, but with enough detail and with strict rules so that when you start to question your trading, you can look back at your plan and get back on track. Having a trading plan is a key to consistency, which is the cornerstone of your trading life.

Having a trading plan also allows for continuing growth and expansion of your trading career. If you stick with your plan, you should be able to gradually and continually increase your trading account, giving you the ability to trade larger lots, and hopefully make a good living from doing so.

There is an adage in the trading community that you will hear and see quite often:

Plan Your Trade and Trade Your Plan

You will find that this is very easy to say, but can be very difficult to do. However, it is essential that you follow the advice. All it means is that you create your trading guidelines (setups to watch for, entry rules and exits, and what you are allowed to risk on each trade) and then follow through with what you have written.

Here are some key things that make up a trading plan:

Your System: Are you a day trader or a swing trader? What charts do you watch? What indicators do you watch? What are your entries and exits? What is the most you are willing to risk per trade?

Your Goals: What dollar amount do you want to try and achieve the first month, second month, etc.? What is your yearly income goal? What dollar amount is your "drop dead" figure (meaning at what point or loss of capital do you stop trading for good)? What do you want to get out of trading?

Your Weaknesses: Do you tend to overtrade FX? Do you stick with your money management rules? Do you overreact with anger?

You can find sample trading plans on the internet and please use them to create your own, custom Forex trading plan.

Create it, stick to it, read it, re-read it, and revise it as needed. Doing so will give you an advantage over many other traders that simple will not take the time to create one!