Do NOT be a Cowboy Trader!

Without a trading plan, this would be nearly impossible.

Instead, you’d be a “cowboy trader“, shooting from the hip, trading by the seat of your pants, relying on your gut, guesses, or signals from strangers.

That ain’t trading – that’s gambling!

Whenever you trade, you’ll probably end up a nervous, emotional wreck, crying yourself to sleep as your rollercoaster account balance grinds at your psyche. (Okay pretty drastic, but we think you get the picture).

Just as you use a GPS to figure out the route to be taken and to judge the progress that has been made, your trading plan defines how you’ll become consistently profitable and tells you if you’re on track.

Most importantly, if you suck at trading (and you certainly will in the beginning), you will know it is down to one of only two reasons: either there’s a problem in your trading plan or you are not sticking to your trading plan.

Stick to Your Trading Plan

If you’re trading without a plan, it’s impossible to know what you’re doing right from wrong.

You have no way to evaluate your results, so you’ll never know how to stop sucking.

We can’t emphasize this enough…

“If you fail to plan, then you’ve already planned to fail.”

Obviously, a trading plan doesn’t guarantee success, but a good plan that is followed will help you stay in the forex game longer than traders who don’t have a trading plan.

SURVIVAL is better than failure and it should be your first goal as a newbie trader.

Remember, 90% of new traders don’t make it. You want to be part of that special “10%” that does make it.

You’re probably thinking, “Ba humbug! Trading plan, schmading plan. I can be part of that 10% without a stinkin’ trading plan!”

It may be tempting to trade by the seat of your pants, but if you don’t develop clearly defined trading plans and be disciplined enough to follow them consistently, you’ll have much difficulty making consistent money as a trader.

Don’t take any chances. Have a trading plan.

Learn to Day Trade Forex

If you’d like to earn extra income trading on the Forex market, consider learning how to currency trade with Forex Smart Trade.   With their super-accurate proprietary trading tools and best-in-the-business, personalized one-on-one training, you’ll be successful.  Check out the Forex Smart Trade webinar.  It shows one of their trader’s trading and how easy, intuitive, and accurate the tools are.  Or try the Forex Smart Trade Introductory Day Trading Trial for just TEN dollars.

Currency trading is very risky. My results are not typical. We provide a trading trial so you can assess the value of our indicators and training for yourself.

www.ForexSmartTrade.com