FX Growth Lesson 9 of 11 6 min read
Building a trading plan
The written rules that define what, when and how you trade.
Why write a plan
A trading plan removes guesswork. It turns decisions into rules you set calmly before the market opens.
What to include
Goals and the markets/pairs you trade. Sessions and timeframes. Exact entry criteria, exit rules (stop loss and take profit) and risk per trade.
Daily and weekly loss limits, news rules (trade or avoid big releases) and a pre-trade checklist.
Review and improve
Review the plan every week or month against your journal and adjust only based on evidence, not one bad day.
Key takeaways
- If it isn't written, it isn't a plan.
- Define entries, exits and risk in advance.
- Review regularly with data.