Trading Plans by TradeSmart University
CHere is the dirty little secret about “Big Money” trading. They have an advantage that most retailers don’t. However, it is not the advantage you are thinking about. The main advantage of “Big Money” is the system within which they are required to operate. You could call this his “plan”. Fund managers who operate within a company (ie “a lot of money”) are forced to follow a prescribed plan and face substantial consequences if they deviate.
Now, let’s talk about what reality is. Retailers have even more advantages than their large money counterparts. If traders simply had a business plan that they followed with discipline, they would find that the gap between them and big money would narrow or eliminate.
Welcome to the TradeSmart University Operations Plan course!
In this 4-class series, you’ll walk through the main elements necessary in a profitable business plan. Your plan should have detailed elements including risk management, results, metrics and measurements, money management, and more.
Students who complete this program will be relieved to experience the benefit of consistency and predictability. You will no longer stay awake worrying about the exchanges, because your plan is implemented and ready to face any circumstance that appears to you.
Maximize your success by breaking your plan down into specific, actionable steps that can be consistently and accurately repeated. From your business setup to a periodic review of your business analysis and execution performance … every step is guided and intentional.
Forex Trading – Foreign Exchange Course
Want to learn about Forex?
Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.