Plan your Trade and Trade your plan.

One of the main reasons people lose money in trading is the lack of a Trade Plan. Traders who make money, do so because they have a trading plan. The ones who carefully plan each trade have a much better chance of making money than those who do not.

In fact, the simple act of drafting a plan can significantly increase the odds that your trade will be profitable. As professional traders say, if you do not have a plan, then how can you expect to have discipline? We will cover the important points that will help traders prepare an effective Trade plan.