Hi Readers, today I am going to share with you one of the most critical things about trading. Almost anyonce I know can trade, but NOT everyone can trade PROFITABLY. Rule No.1 : Always Use a Trading Plan A trading plan is a written set of rules that specifies a trader’s entry, exit and money management criteria. You can easily create your own one in a simple booklet or create a WORD or Excel file on your computer to track these. Although time-consuming, this will be one of the most important tools available to you as a trader. With today’s technology, it is easy to test a trading idea before risking real money. Backtesting, or applying trading ideas to historical data, allows traders to determine if a trading plan is viable, and also shows the expectancy of the plan’s logic. Once a plan has been developed and