Sample Trading Plan
Guidelines:
What currencies do I trade?
Never trade with more than a ____ pip stop loss.
Never get into the middle of a trade. No Moving Busses!
Never risk more than ___% of my balance.
o Re-calculate after any significant change in my account.
Goals
Daily Analysis:
Check announcements before entering any trade.
Watch www.forextv.com for a feel for the market.
Complete or update a Barriers Worksheet.
Entry Rules:
Enter the Ideal trades
Exit Rules:
Exit the trade
Follow Up:
Journal each trade.
Reflection, What did I learn