Trading Plan

Understanding a trading plan

Your trading plan should have as many details as possible. Even when it comes to trader’s emotional control and keeping focus alive, your plan should have advice, solutions, and a specific strategy. Of course, we are not telling you that there is one fixed plan which will work the best for all of you; you can tailor it as you want, depending on your trading personality. Plan your trade and trade your plan!

It was a tradition that investors who did not have enough time, money, and expertise were not welcomed to the commodities market. Nowadays, there are several methods which facilitate participation in commodity trading of all kind of traders.

Building the optimal trading plan for you

Skill Assessment

Trading the markets is a battle of give and take. The real pros are prepared and take profits from the rest of the crowd who, lacking a plan, generally give money away after costly mistakes.

Mental Preparation

Many traders have a market mantra they repeat before the day begins to get them ready. Create one that puts you in the trading zone. Additionally, your trading area should be free of distractions.

Set Risk Level and Goals

What portion of your portfolio should you risk on one trade? This depends on your trading style and tolerance for risk. Before you enter a trade, set realistic profit targets and risk/reward ratios. What is the minimum risk/reward you will accept?

Do Your Homework and trade preparation

Before the market opens, you should check what is going on around the world? Are the biggest markets up or down? What are the economic or earnings data that are due out, and when? Post a list on the wall in front of you and decide whether you want to trade ahead of an important report.

Set Enter and Exit Rules

Before you enter a trade, you should know your exits. There are at least two possible exits for every trade. First, what is your stop loss if the trade goes against you? It must be written down. Mental stops don't count. Second, each trade should have a profit target.

Keep Excellent Records and measure your performance.

Many experienced and successful traders are always keeping records. If they win a trade, they want to know precisely why and how. More importantly, they want to know the same when they lose, so they don't repeat unnecessary mistakes. After each trading day, adding up the profit or loss is secondary to understanding the why and how.

Be safe with us

Trade on platforms developed to accomplish all requests of traders.

The trading platforms we offer have been custom built to deliver maximum performance, flexibility, and speed. You will take advantage of sophisticated trading features, professional charting tools, integrated market insights, and more.

The market never sleeps. So should you.