All language subtitles for TraderFXBichin 2000 - 7

watching make sure you do your
homework make sure you prep

trading plan your business plan
and make sure you have your

go away now with the examples
and prep yourself prep your

to actually devise your own
trading plan. And from there go

not you know you can use that
template and you can use that

basically a sure fire way to go
ahead and develop your own plan

that and see the kind of
examples that are in there it's

example as a guideline to
actually then go and create

you may want to just develop
your own you know online rather

You want to incorporate risk
management into the technical

want you to back test that if
you haven't already done so you

final video to the course where
I just want to say thank you

your own So that is pretty much
all for this video. We are

outlining your entry criteria,
your trade management plans and

a real life look at the kind of
plan you should be developing

as a guideline that's going to
include everything as well so

so that will give you a really
good idea definitely use that

areas, the psychology and the
risk control areas into your

process as well. So make sure
you're including the other

consider what it is that you're
going to do when it comes to

should be journaling everything
back testing everything and

like this but as far as it
stands with the trading plans

with the knowledge you've
learned so thank you for

anyone who wants follow up
education mentoring anything

processes down right everything
we've learned in the so far I

really should nearly be ready
to actually conquer the markets

and also talk about a few
things as well in terms of

ahead and conquer the markets
alright so there will be one

want you to do is use
everything you've learnt so far

that off and use it or download
that and use it go for it but

included here an example PDF so
you can actually go and view

than having one written out so
it's there if you want it if

coming very very close to the
end of the course now. What I

plan that you're going to
want to put together now I've

taking those technical steps to
the market. That includes

right as trading plan template
as well so if you want to print

actually, you know, taking
those technical approaches,

of course if there's anything
you've forgotten to include it

your exit strategies.

can actually then outline your
technical processes and

will be in there and it's
going to give you just

actual technical processes.

So that is a really all the
major factors of the trading

have your fundamentals prepped,
your fundamental plan down, you

the first real thing after
we've spoken about capital to

carry out all my analysis
Sunday evening or Monday

fundamental analysis plans. So
how are you going to be

trading processes. So this is
going to include outlining your

risk reward strategy what are
you going to be aiming for and

the business is going to manage
their capital, manage their

whatever. So trading processes
the big big part of the plan

focusing on targets, right and
achieving targets. So targets

execution right that's
something personally I do I'll

trading plan, right? It's
useful to include routines. Are

are a big factor in the trading
plan and what we want to do is

carrying out your fundamental
analysis? And how will you keep

order to get you there In the
risk management section, I also

before you actually get on the
charts each day or each weekend

on top of this? Is this
something you're going to do or

already carried out and execute
as we go right doing this means

things like psychology,
meditations, anything like

busy whatever weekends for
analysis and then the week I

spoke about a couple of videos
ago, if you lose X amount per

are you going to focus solely
on the technicals? When you

depending on if I expect it to
be market gaps or just if I'm

guidelines, outline your profit
cut-off points. If you make X

outline things like this.

plan, it stops you getting
greedy, it stops you getting

recommend outlining your loss
cut off points, right? So as we

and then as we've mentioned as
well with the limits and the

about your weekly routine and
your daily routines for your

your routines is going to be
outlining your different

actually hold onto your profits
better than if you don't

are you going to manage
withdrawals when you make your

in order to actually go and
execute my trades. So think

that. If you want to include
things like that exercises

risks, they're also going to be
solely focusing, primarily

or will you withdraw when you
hit say 10% will you withdraw

actually consider and put down
on paper this includes

when we've spoken about
routines when you've prepped

market. I have my levels set
and I wait for them to be met

Trading processes is probably
going to be the bulk of your

then what are you actually
going to risk per trade in

my analysis is already prepped
it gives me more free time in

the week and it also means that
I'm not trying to chase the

and accept that profit, right?
If you have this done on your

something like this right so
these are all things you need

will actually then spend
referring to the analysis I've

actual trading work. Um that
could also actually include

cocky when you have good weeks
and it will allow you to

be depositing over time and how
are you going to manage those

to consider how much you're
trading with how much will you

outline your percentage goals
per week, per month, per year

this and cutting off that loss
before it gets out of hand. On

withdrawals when you do make
your profit risk management is

profit are you going to
withdraw weekly monthly or are

you going to use weekends for
analysis the week for trade

week, X amount per month, make
sure you are actually managing

can actually use the capital to
top up your account regularly

risking $1 to make two to make
three to make four what is your

go because the trading plan is
something that will

you going to withdraw by
percentages so will you

employment your own business
something like this that you

withdraw at the end you know a
specific day end of every month

7% of your profit and keep
three in there to compound or

amount per week, will you cut
off trading, enjoy your weekend

outlining your risk percentage
per trade outlining your risk

monthly perhaps or or you know
will you not be topping up your

account will you be working
solely on compounding and how

reward strategy so that whole
strategy of going for you know

the flip side, we want to then
look at targets. Just as any of

different to me so that's an
example that comes to mind. Um

you would put together your
assets, your capital. That's

this chapter is the capital,
right? This is the first

every different candlestick
pattern, etcetera, etcetera.

you know, really resonate with
you and get you by So, a no BS

and changing it when you need
to So one of the first things

trading with and then will you
be topping up your account as

it simplistic that is going to
be the best approach for you

example your experience with
inside bars may turn out

approach very simple short and
sweet but very very effective

consistently refine as we go.
Things are going to change. We

our plan, we want to make it
short and sweet. We don't need

style is going to make it easy
to amend and refine as you go

capital down on paper into your
plan. How much you going to

will incorporate you know
slightly different ideas. We

different. I know that some
people do use inside bars

know understanding it keeping
up with it and then refining

stops us straying onto new
strategies and it also puts in

you go right do you have
another source of income

make your trading plan easy to
amend and easy to refine as you

trading with a 000? Are you
trading with 10000? This is the

bullet points showing
processes, rules, you know,

we will outline in the trading
plan as we mentioned early in

trading with? Okay? Are you
trading with $100? Are you

paragraphs full of information.
Simple as best. If we have

You only need to cover the key
information that is going to,

first step. Managing that
capital and putting that

on your own findings and your
own market experiences so keep

step of the process. Um you
know, I'm talking in terms of

wrist and we can go back with a
new layer of discipline to

need to go too in depth with
all, you know, every single

certain things work to me and
my personal experiences. For

plan, this video is going to
cover a few different things to

what we want to do here. How
much are you going to be

may you know you may have
different reviews on how

and including all of the
information that we're going to

simplistic trading plan you
know this bullet point kind of

starting plan. Just as if you
were making a business plan,

only need to cover the key
information, right? You don't

need to refer to in order to
succeed keep it simplistic and

stick to the processes, the
rules laid out in our trading

our mind can drift away but if
we have this trading plan it

simple sentences, single
sentences is all we need. You

plans. So, when it comes to
actually putting together your

refer to something to review
that's going to realign you

consider. So we want to keep it
simplistic, right? When we make

done something wrong we can
give ourselves a slap on the

your plan but having this plan
together gives you something to

plan that you put together is
going to be treated as your

dead set business plan to
follow day in, day out,

the day this is a profession
like any other so this trading

with your processes and realign
you with what works sometimes

right we cannot treat trading
as just you know something not

regularly be at daily weekly or
perhaps just you know monthly

place that discipline we know
that if we break our plan we've

have to be really strict with
ourselves because at the end of

business plan okay so just as
any other business plan would

trading plan is going to be
treated as your dead set

any other company it's a strict
plan that you have to stick to

form if you were starting you
know an e-commerce company or

or give it reviews when you
feel you are straying away from

routines, processes and rules.
It's something you can refer to

achieve and the fundamental and
technical processes that you're

serious right we have to take
this really seriously and we

your capital. So the target
you're going to be trying to

going to use in order to get
where you want to be. This

going to include everything
from how to actually manage

to include risk management,
targets and processes. So it's

your very own personal trading
plan. This trading plan needs

we all need to create a trading
plan. So you need to create

all together. Uh and actually
pulling together what we've

you can refer to and something
you can treat as your business

succeed for the long term and
to follow our strict processes,

plan. So in this video we're
going to talk about tying it

spoken about so far in this
chapter. So we know now to

about trading, developing a
trading plan and actually

putting together your strategy
onto paper and something that

How's it going guys? We are
here coming to the end of the

course. So far we've been
through everything it takes to

spoken about risk management.
Fundamental analysis and

technical analysis as well.
We've spoken so far quite a bit

trade successfully. We've
spoken about psychology. We've

your trading plan and I will
see you over in the last video.