TRADING PLAN FOR A TRADER

All forex traders expect consistent and maximum profit. How to get consistent and maximum profit? There are many answers to this problem but in this paper I concentrate on telling the story of the importance of trading plan for a trader.

Many people who just entered the forex trading world forgot about this despite having heard from experienced traders that a trader must have a good trading plan.

Just a story I hear from various sharing experiences in discussion forums or articles, generally they forget about this because of "high spirit" to get profit in the shortest possible time and profit as much as possible. But finally give up because it is not a profit but lost all the funds. If giving up briefly just for self-evaluation and start again may provide a fun new experience but what if surrender and do not want to enter the world of forex again? If this is the case, their forex testimony is always negative about forex. "Forex is a danger" Poor donk if a bad experience that exactly disharekan, yes would certainly make others afraid to enter the world of forex and forced not to enter the forex is very promising economic life better. Poor if this is how. They close the door for those who want to enter and enjoy forex and its advantages.

Let's get back to the point. A trader must have a good trading plan or trading plan. before trading or transactions in this case "open position" is required to have good planning, correct and mature. When should the plan be made? There are traders who say the plan can be done when there is free time like Saturday or Sunday, or maybe when the market is not in accordance with our analysis and expectations.

The main function of trading plan is to prevent us as traders malakukan transactions are inconsequential and reckless. Lots of traders, especially beginner traders make transactions without a clear reason. The transaction is only based on feel or emotion alone. That is way,  the trading plan is needed.

There is no definite reference for a good and correct trading plan. In essence we as traders make trading planning that brings benefits and minimize the risk that will occur. We make plans, and we do the same. We must discipline to follow the planning that we have made no matter what the conditions

How to make a trading plan? The steps we need to do are:

1. Determine market entry time

We must determine when we enter the market, for example we specify we enter the market during the American session. Yes at the time of the Asian session we are not allowed to make transactions, because we have made a plan to enter the market during the American session.

2. Mature analysis

Before doing the transaction we do the analysis. The analysis that we do must be mature and have a clear foundation. Our analysis should not be based on feeling or feeling, about what the market wants to go up.

3. Set targets and risks

After doing the analysis, we can determine where we will conduct transactions (at what price), buy or sell transactions. In addition we are also required to determine the targets and risks that we take.

4. Determine the Lot used

After determining where to do the transaction and where resiko.nya, determine the lot based on risk, not based on the target. Suppose we have a balance of $ 1000 and will only do 1 transaction and we risk 2% of capital in one transaction. We calculate the risk we take first. 2% x $ 1000 = $ 20. Suppose the stop loss distance is 20pips (4 digits). Then the lot used is $ 20/20 pips = $ 1 / pips or lot 0.1.

5. Resign

After we make a transaction, we must surrender whatever happens we must accept. Want our profit or loss is important we have done according to the planning that we make.

The steps to make the above trading plan are not standard. Please develop your own. Hopefully this article useful and provide additional insight for traders as well.

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Admin

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INTERNET DEVELOPMENT IN INDONESIA

Internet network is popular Indonesia since the late of 1980s, where there was a network linking five universities with dial up facility known as UNINET. The fifth of the university is the University of Indonesia, the Open University, Bandung Institute of Technology, Gadjah Mada University, and the Institute of Technology 10 November.  But the network was not developed because of the lack of adequate infrastructure. The following is the development of the internet in Indonesia.

1.   1986 – 1987,  began in the early writings emergence of the Internet in Indonesia who came from amateur radio activities, especially in the Amateur Radio Club (ARC) ITB. With a capital in HF transceivers Kenwood TS430 air by using the Apple II computer, a young dozen of  ITB studies radio packet on 40 m band is then pushed on TCP / IP. the perpetrators of Indonesian amateur radio network linking amateur Bulletin Board System (BBS), which is also an e-mail network of stores and forward connecting many "Server" BBS radio amateurs around the world to e-mail can proceed smoothly.

2. 1989 - 1990, starting from the first mailing list, namely indonesia@janus.berkeley.edu which is discussion place among students Indonesian students who are abroad. This is where the idea of ​​alternative along with public awareness began to grow. Pattern this mailing list began to grow rapidly, especially on the host server and egroups.com ITB. Mailing list finally developed into one of the means very  strategic development Internet community in Indonesia. in early 1990, the community between Onno W.Purbo, which was then in Canada by dialing YC1DAV / VE3, with fellow colleagues amateur radio in Indonesia is done by using a network of amateur radio. using equipment PC / XT and walkie talkike measuring 2 meters, using a network of amateur radio is communication  between Indonesia and Canada can be conducted smoothly.

3.   1992 - 1994. The radio packet technology TCP / IP adopted by BPPT, LAPAN, UI and ITB later become the foundation of the Net community. AMPR-net (Amateur Packet Radio Network) using the first IP on the internet known AMPR.ORG domain and IP 44 132. BPPT operate gateway packet radio that works on a band of 70 cm by using PC 386 and the DOS operating system, which runs a program NOS used as a gateway packet radio TCP / IP.

4.   1994 - 1995. This year began operating the first commercial ISP in Indonesia, namely IndoNet. the initial connection to the internet is done by using a dial-up by IndoNet.  Early, access to IndoNet text mode with Shell Account, lyxn browser, and e-mail client pipe on AIX servers. began in 1995, some BBS in Indonesia, like Clarissa, providing services to foreign telnet access using a remote browser lynx in the US,  internet user  in Indonesia can access the internet (HTTP).  Since 1994, the Internet entered Indonesia with ID Top Level Domain (TLD ID) primary UUNET server built in the USA, and then transferred to the server ADFA. Two-level domain or SLD (Second Lavel Domain) built also to register domain ac.id, co.id, go.id, and or.id. to connect to the Internet required the provision of internet access service called ISP (Internet Service Provider). Indonesia's officials ISP obtain permission from komenkominfo in the shade APJII (organizers of the Association of Indonesian Internet Service). APJII formed at the first national conference on 15 May 1996, whose job doing some key programs are considered strategic for the development of Indonesian Internet network.@@@

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Admin

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