🔍 How to Build a Trading Plan and Stick to It 📈🔥
A strong trading plan helps you stay consistent, reduce impulsive decisions and understand the markets with more clarity. Here is how to build yours and actually follow it:
📌 Set clear goals
Decide what you want to achieve and how much risk you are comfortable taking. Clear goals keep you focused when markets become volatile.
📌 Choose your markets
Pick a small number of instruments that fit your capital and schedule. Focusing on specific pairs or assets helps you understand price behaviour more deeply.
📌 Define entries, exits and risk rules
Plan how you will enter trades, where you will take profits and how you will limit losses. Many traders struggle because they risk too much on each position. A simple risk rule can protect you from large drawdowns.
📌 Keep a trading journal
Write down every trade, the reason you opened it and the result. Over time you will notice patterns in both your strengths and your mistakes. Journaling turns experience into skill.
📌 Control emotions and stick to the plan
Fear, greed and impatience often push traders to break their own rules. A written plan acts like a brake, helping you stay calm and disciplined even when markets move fast.
📌 Review and improve
Markets evolve, and your plan should evolve too. Review it regularly and adjust only when you have enough data to justify a change.
✨ Ready to trade with structure and confidence? Start with a demo and turn your plan into a habit before switching to real positions:
👉 https://my.nordfx.com/en/regis...
Trade smart, stay disciplined and trust your process 🚀📊
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