A trading plan is a blueprint of how you will trade. It is essential for profitable trading and risk management. It is made up of various parts, such as an analysis of your risk tolerance, trading goals, strategies, and your trading approach. It is also crucial to test your plan in a demo account before stock trading with real money. Creating and Implementing a Trading Plan. To create a trading plan, you need a clear understanding of your goals and objectives. Your trading plan should define what you want to…
Read MoreThe Importance of a Trading Plan for a Successful Account
