Developing Trading Plan for professional
trading
Are You A Trader Or An Investor?
You should sincerely ask yourself this question before you can really develop winning trading
strategies. Personally, I will advice that in answering this question, you should simply ask yourself
how much time you have each day to watch the market. If you are not in a position to watch the
intraday movements, you are an investor, not a trader. This is not a bad thing at all actually!!!
Do you know most intraday trades (day traders) take on the most risk? I am sure you know this
because you have tested how the market works and also trading live to see what I mean.
To be an investor, you should understand what is called “swing trader” which some people prefer
as the most suitable way of trading inline with their schedule(s). Some are working class trader and
also want to trade the Forex and Commodities. I believe you will discover yourself and the suitable
style of trading as I take you through these powerful steps of developing trading strategies.
Can I? How?
Many have been asking such questions since the beginning of their day in the Forex and
Commodity markets. But when you realize that some people can do some things well it is
advisable to copy or model and taught same skills to someone else too. It’s one of the laws of life!
To develop a good model, you need to find several people who can do the task well. You then need
to interview or learn from those people to find out what they do in common. These are the key
tasks involved in the model. If you can, you’ll simply discover the secrets and easy ways of doing
things in whatever you decide to do in life.