How to Create your Trading Plan?

This is how to build your own Trading Plan in a few Simple Steps ...

1. Choose your Strategy

Elliot Wave Theory, Chart Patterns, Support/Resistance Levels, Trend Lines, Divergence, Fibonacci, Candlestick Patterns

2. Build a Confirmation Strategy

Corrections , Breakouts, Lower/Higher Close, Broken Structures

3. Set Rules for your Stop Loss

Above/Below Structure Levels, Above/Below a Broken Corrections, Above/Below the Breakout Candles

4. Set Rules for your Target

A fixed 1:2 RR, A fixed 1:3 RR, Fibonacci Extension Levels, Support/Resistance Levels

5. Select your Pairs

Major Pairs, Minor Pairs, Few Pairs or Just One Pair

6. Choose your Timeframe

Multi Timeframes Analysis, Trade One Timeframe Only

7. Select your Preferred Trading Style

Continuation, Reversal

8. Build your Risk Management Plan

Risk per Trade 1% or 2%, Risk to Reward Ratio 1:2 or 1:3,

Max Daily Loss %, Max Account Exposure in %

Now, You have your Own Trading Plan, You Still Need to:

• Backtest the Plan
• Test it on a Demo Account
• Test it on a Small Live Account
• Start Trading Live
• Stick to the Plan