Your_trading_plan

Your Trading Plan Your trading plan should be based around your investment objectives, your personality and your starting capital. Trading is different for everyone and it is important to have a plan that is realistic and reects your unique personality and circumstances.

It is rst essential to learn the basics, how and why markets move and research a method that you are comfortable with to trade: ie one that is based on sound methodology, and one you can trade with condence, and discipline. So before you start to trade make sure you have good background knowledge on all aspects of trading. You would not try and y without lessons, and the same is true of trading currencies. If you trade and “shoot from the hip”, or on tips from friends, and stories in the nancial press, you are almost certainly going to end up a loser over time.

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