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Forex Business Plan.01

The document outlines a trading business plan with specific goals, including increasing an initial investment from $20 to $200 within two months. It includes a SWOT analysis, a declaration of trading rules, and factors to consider for financial allocation and performance monitoring. Additionally, it details the trading strategy, entry and exit criteria, and backtesting procedures.

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Jetboy Fx
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58 views8 pages

Forex Business Plan.01

The document outlines a trading business plan with specific goals, including increasing an initial investment from $20 to $200 within two months. It includes a SWOT analysis, a declaration of trading rules, and factors to consider for financial allocation and performance monitoring. Additionally, it details the trading strategy, entry and exit criteria, and backtesting procedures.

Uploaded by

Jetboy Fx
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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My Trading Business Plan

Proper Preparation Prevents Poor Performance


MY TRADING GOALS & OBJECTIVES

20$ to 200$ in two months

MILESTONE TIMELINE
DATE GOAL

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The information provided within this PDF is for educational purposes only.
SWOT ANALYSIS

My Strengths
My analysis
My Weaknesses Losing trades
My Opportunities
RSI supply and demand
and currency strength
My Threats

DECLARATION
1. I will NEVER trade more than my predetermined % risk on each trade.

2. I will ALWAYS use a stop loss.

3. I will NEVER move a stop loss in fear of it being hit.

4. I will STOP trading if the account goes to X% equity drawdown.

5. I will NOT copy a trade signal because it looks good.

6. I will NOT take a trade outside of my trading strategy rules.

SIGNATURE: .....................................

Tuesday April 27 2021


DATE: .....................................

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The information provided within this PDF is for educational purposes only.
SOME FACTORS TO CONSIDER
1. WHAT IS MY FINANCIAL ALLOCATION?

2. HOW WILL I EDUCATE MYSELF?

3. HOW MUCH WILL I SPEND ON EQUIPMENT?

4. HOW MUCH WILL I SPEND ON SOFTWARE?

5. HOW MUCH WILL I KEEP IN RESERVE FOR NEW EQUIPMENT & SOFTWARE?

6. HOW WILL I MONITOR MY BUSINESS PERFORMANCE?

7. WHAT IS MY MONTHLY TARGET?

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8. HOW MUCH AND WHEN WILL I ALLOW WITHDRAWALS?

9. WHEN WILL I TOP UP THE ACCOUNT?

10. WHEN WILL I SHIFT ASSET ALLOCATION BETWEEN ACCOUNTS?

11. DAILY ROUTINE (WORKING HOURS , PRE-MARKET & POST-MARKET)

12.

13.

14.

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The information provided within this PDF is for educational purposes only.
TRADING PLAN
WHAT IS THE STRATEGY ’S NAME?

WHAT CURRENCY PAIRS WILL I FOCUS ON?

WHAT TIME PERIODS WILL I TRADE?

WHAT TECHNICAL INDICATORS WILL I USE?

WHAT PRICE ACTION PATTERNS WILL I USE?

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WHAT ARE MY STRATEGY’S RULES?
ENTRY CRITERIA

EXIT CRITERIA

MAXIMUM % RISK PER TRADE

MAXIMUM COMBINED % RISK AT ANY TIME

MINIMUM RISK-TO-REWARD RATIO

WEEKEND POLICY

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The information provided within this PDF is for educational purposes only.
BACKTESTING PROCEDURE

WHAT SOFTWARE WILL YOU USE?

TIME ALLOCATION?

WHEN WILL I GO LIVE WITH MY STRATEGY?

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The information provided within this PDF is for educational purposes only.

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