Why Have a Trading Plan?

You can have lots of information but if you don´t have a plan to stick to it you will not be profitable. Think of your trading plan as your map to success. It will be a reminder on how you will make money in this market.
I will give you a few reasons why is better to have a trading plan.

1. It keeps you in the right direction: Consistency is very important to have in your trading routine because truly measure how successful you are as a trader. Your trading plan will keep you on target.
2. Trading is a businees and successful businesses ALWAYS have plans: I have never seen a successful business without a plan. Whether it’s by luck or experience, everyone can make money in the forex. However, the difference between a losing trader and a successful trader is the PLAN. If you have a good trading plan and you are disciplined enough to stick to it, you will be successful!

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