Your trading plan can include anything you would find useful, but it should always cover:
Your motivation for trading The time commitment you want to make Your trading goals Your attitude to risk Your available capital for trading Personal risk management rules The markets you want to trade Your strategies Steps for record keeping
A trading plan is different to a trading strategy, which defines precisely how you should enter and exit trades.
There are seven easy steps to follow when creating a successful trading plan:
Outline your motivation
Decide how much time you can commit to trading
Define your goals
Choose a risk-reward ratio
Decide how much capital you have for trading
Assess your market knowledge
Start a trading diary
