Quick Beginner's Guide to Creating a Trading Plan 👍

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Creating A Trading Plan. A quick new traders' guide to creating a trading plan. This video will help your trading if you're a beginner. I talk a lot about trading plans and how important it is to have one.

Developing A Plan To Start Trading:
1) Goals - what are your trading goals?
2) Trading Session - pick the time that suits you or your lifestyle.
3) Markets to trade - are you going to trade indices? forex? stocks?
4) Strategy - pick one style and bolt one or two strategies and stick to them.
5) Risk Control - this is more important than anything I've discussed - how much are you going to allocate to trading? how much are you going to risk per day? how much are you going to risk per trade?
6) Tracking Process - you cannot improve what you can't measure. How are you going to record your performance? Have a structure, have a plan.

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