Forex Trading Academy

Personalised Trading Pla

Trade your strategy, not your emotion

Enter Name Her

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This Trading Plan will be a well thought out plan which you will compile
and stick to throughout your journey

The aim is to become a disciplined and consistent trader and the way
you can do so is by setting a list of rules to stick to when analysing/
entering/managing and exiting trades

This plan may change and evolve over time as you become more
experienced but for now, once you have understood the strategies and
you are satis ed that you have your own set of rules and con uences
to enter a trade, each trade should be taken using the strategies
detailed below

Trading Pair
Select the currency pairs you will trade to achieve consistency in the
markets. A maximum of 3 pairs should be chosen for analysis, if you
only trade 1 or 2 pairs that is ne. I would recommend once you have
your 3 pairs, take time studying how each pair moves

The secondary pairs are to consider only if there is no trade on the

main trading pairs. You don’t have to have any secondary trading pairs

Main Trading Pairs (Maximum of 3):

Secondary Trading Pairs (Maximum of 2):

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 Risk for each trad

Please select a xed risk per trade that you must maintain. Ideally
between 0.25%-1% risk per trade is ne but never anymore than 1%

Fixed Risk Per Trade:

Risk:Rewar
Decide on the minimum Risk to Reward for every trade taken

Ideally you should look to be risking 1:3 risk to reward per trade as an
absolute minimum to allow your strategy to play out

Minimum Risk to Reward per trade:

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 My Trading Strategy
Please document in detail which strategy you are using. There is no
incorrect way of trading, so trade the way you understand the charts

Are you trading Intraday / Higher Timeframes / Order Blocks / voids /

Wyckoff

Do you wait for con uences, if so what are they? How long do you hold
trades for? What is your daily goal etc

How many trades will you take per day/week

Please put in as much detail as possible, you could have multiple

strategies, if so list them all

My Strategies (Use screenshots if necessary)

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 Timeframe
Which time frames do you use for analysis and which time frames do
you use for trade entries

Time frames for analysis only:

Time frames for entries only

What is the criteria you apply to enter a trad

What do you look for when entering a trade?

Is it a speci c candlestick formation, lower time frame break of

structure, maybe price is in your higher timeframe point of interest,
spring on a Wyckoff schematic and so on

Criteria for entry

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 My Trade Management
In as much detail and possible set out how you will manage a trade

How often will you monitor a trade

When will you move to breakeven

Will you take partial pro ts? If so when

Where will you set your take pro t and why

Will you close a trade early? If so in what circumstances

My trade management:

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 Winning and Losing Streak

In this section I want you to outline which strategies you will use in
both a winning or losing streak

You have to understand that a losing streak cannot continue, just as a

winning streak cannot also continue. You will have losses but having a
strategy to walk away from the charts in both scenarios will make you a
disciplined trader

How will you make sure not to revenge trade if you lose

How will you stay calm and make calculated decisions when in serious
pro t or when you are for example on your third losing trade in a week

How many wins or losses in a row will it take for you stop trading for
the week?

Will you have a set pro t target/percentage per week and once you
have reached that target you will stop trading

Will you have a max loss per week, if so what is it

Winning Streak Strategy

Losing Streak Strategy

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 Analysing the chart

Weekly and Daily Routin
Please outline in detail when will you analyse the charts for the week?
(Maybe this will be Sunday evening before market open

What time of day will you be looking for setups/ potential trades?
(Maybe London open or New York open

What time will you stop trading? (Maybe after 4pm on a GBPUSD pair
due to low volume, or maybe you will only trade in London and Asia if
you trade for example GBPJPY)

When and how will you journal

When will you review your journal and trades for the week

How will you t trading around family or work commitments

When will you rest and have time away from the charts

Provide all details below

Weekly Routine

Daily Routine

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 My Notes

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 Be Con den
No matter how much your plan, you will have great days and bad days

This is just trading, if it was easy everyone would do it! You have made
a decision and taken one step forward on the path to consistency, so be
con dent with your analysis, stand by your analysis and be true and
honest with yourself

If a trade went wrong, why? Use it as a lesson to learn from and come
back stronger

At times you may feel like giving up, believe me I know the feeling but
no one got to where they are today by giving up when things get
dif cult

Just know when you reach the level you aspire to be at, it is all worth it!

The Forex Trading Academ

Instagram: @Steluk

Website: www.steveluke.co.u

FOREX TRADING ACADEMY 10

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