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⚠ Selloff or Market Correction? Either Way, Here's What to Do Next
See Overvalued Stocks
The Key Elements Of A Successful Trading Plan
Monday, July 24, 2017
Expert: Barry Norman Hosted by: Alvexo- Forex
- Stocks
- CFD
- Fundamentals
- Beginners
- Intermediate
Successful traders do several things that amateurs often forget. They plan a trading strategy, they follow the markets, and they track, and analyze each of their trades. The first step is building a strategic trading plan. This is often overlooked by novice traders. A trading plan does not only incorporate your strategies and how you will decide to make a trade, it will incorporate risk management as well as defined entry and exit plans.
You may have heard the adage, "if you fail to plan, you plan to fail." This is particularly true in online trading as well as investing. Successful traders start with a sound plan and they stick to it at all times. This will help take the emotion out of your trading.
In this class I will help guide you along your way to build your own plan, including:
· Choose the assets that are right for you
· Trading goals
· Your trading strategy
· Deciding how long you will stay in a position
· Set your targets
· Set your risk tolerance
· How to set up your trading log
· How to evaluate your performance
Barry Norman
The Director of Investors Trading Academy as well as a published author and educator. Barry brings with him over 35 years of financial market knowledge and experience. He holds an MBA in Finance and Economics from UCLA and an undergraduate degree in Economics from the University of Maryland. Barry was award the title of “Best Education in Europe” by Global Banking & Finance. Barry is also a presenter for the MoneyShow and many well-known news sources.
You may have heard the adage, "if you fail to plan, you plan to fail." This is particularly true in online trading as well as investing. Successful traders start with a sound plan and they stick to it at all times. This will help take the emotion out of your trading.
In this class I will help guide you along your way to build your own plan, including:
· Choose the assets that are right for you
· Trading goals
· Your trading strategy
· Deciding how long you will stay in a position
· Set your targets
· Set your risk tolerance
· How to set up your trading log
· How to evaluate your performance
Barry Norman
The Director of Investors Trading Academy as well as a published author and educator. Barry brings with him over 35 years of financial market knowledge and experience. He holds an MBA in Finance and Economics from UCLA and an undergraduate degree in Economics from the University of Maryland. Barry was award the title of “Best Education in Europe” by Global Banking & Finance. Barry is also a presenter for the MoneyShow and many well-known news sources.