This article will show you how to plan your trading can guarantee your success. Before writing a trading plan, we need to get the following data. Strategy Winning Rate: the percentage of profit trades in total trades with a strategy. you can get it from your past trading records. or you can set it as 50% as initial value, here we use a Strategy named NBS(Not Bad Strategy), it with a 61.54% Wining rate. Next we need to find out a Stop-loss and Profit-limit percentage match your strategy, you can use this [Free Tool] to find it out, fill in the relevant data, try times of calculation you will get a reasonable combination of Stop-loss and Profit-limit, to ensure your money is growing. Saving some of the result graphs as your map to your goal, indeed the road to wealth has never changed, so you need a map to show you the direction. Remember to keep the worst results graph; it will help you continue to observe discipline in the face of adversity. During the transactions, pay attention to the situation between the measured value and the account value, when the deviate values too larger, you need to recalculate and reset the Stop-loss and revenue targets in your trading plan in accordance with the previous goal.
why does the house (HFT, Banks, Brokerages, Prop firms) always beat the small traders? I am sure the house do not use the tools u use Any idea why the house always win? http://articles.latimes.com/2011/apr/03/business/la-fi-amateur-currency-trading-20110403 P.S There is no guarantee. According to CFTC: Forex, Futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. Substantial risk is involved. Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex markets. Don't trade with money you can't afford to lose. Nothing in our course or website shall be deemed a solicitation or an offer to Buy/sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of futures results. Trading involves high risks and you can lose a lot of money. CFTC RULE 4.41 â HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.