Written Example CFD Plan Template

Cfd trading plan checklist - the following is a template example of a cfd plan template example:

JUSTIFICATION

1. CFD Trading IS A BUSINESS, SUCCESSFUL BUSINESSES ALWAYS HAVE PLANS

• Businesses that are successful always start with a plan.
• Successful business planning will guide you to success, think of trade plan as a map: it is a constant reminder of how you will consistently pull profits from the trading market.
• Difference between a successful trader and a losing cfd one is the cfd trade plan.

2. TO KEEP ME IN THE RIGHT DIRECTION when Trading CFDs

Consistency is important in your routine to measure how successful you are.

Keep you on target, read the cfd trade plan every day & stick to its trading rules.

When it comes to your plan you should think of it as a map that shows you this is what you follow, it should have clear guidelines which specify when you open or close a trade.

Your cfd plan should cover all aspects of cfd, you should read the cfd plan every day until it is on your fingertips so that when you are transacting on the fast moving market of cfd you will always know what to do in every situation.

Your cfd plan can be as simple or as complicated as you like, but the most important thing is that you've one. By having a one you have an advantage over the cfd market, you'll have better chances of making a profit than those who do not have one.

This cfd plan checklist tutorial topic provides with an example cfd plan template that you can use for creating your own trade. By now you have already written down the justification part of your cfd plan template, If not get a pen & paper & write the justification part. Next we shall look at how to write the system.

CFD Trading plan is one of the secrets which can help you to improve your profits. A good cfd training guide like this one should show you how to come up with one using a cfd plan template which you can use as an example to develop your own trade plan.

One of the most common question is: Is CFD Trading profitable? one of the methods to make it profitable is to have a good plan.

IF YOU HAVE A GOOD CFD Trading PLAN & YOU ARE DISCIPLINED ENOUGH TO STICK TO IT When CFD Trading, YOU WILL BE SUCCESSFUL.

GOALS OF THE TRADING SYSTEM

1. Ability to IDENTIFY TREND AS EARLY AS POSSIBLE .
2. Ability to AVOID WHIPSAWS .

The cfd trade system should find a compromise between the two Goals,

Find a way to identify a cfd trend as early as possible but also find ways to help you distinguish the fake trading signals from the live ones.

FUNCTIONS OF EACH INDICATOR

MA - Identify a new trend as early as possible.

MACD - Identify a cfd trend as early as possible.

Determine strength of a continuing trend.

RSI - Swing failure to confirm the start of a new trend.

Extra confirmation tools to help determine the strength of our trend.

Parabolic SAR - Help to ensure that we aren't caught up on the wrong side of the trend.

CFD Trend Lines - Signals a reversal when the line is broken

CFD Price Action Signals - confirm the weakening of a trend.

Bollinger Bands - for price action study

To learn & know more about each indicator and how these technical indicators can be used to generate trading signal setups you can go to the Technical Indicators Section

CHART TIME FRAMES

• Main timeframe is the 1H.
• Signals are generated on the 15 minute time frame.

15 Minute Charts

• CFD Trendlines (Support & Resistance)
• 5 & 7 LWMA
• RSI (14)
• Bollinger Bands (20, 2)

RULES

LONG ENTRY

Entry

15 Minute Charts

1. Both MAs are moving UP
2. MACD moving UP
3. RSI >-> 50
4. Parabolic SAR is below the price (Support)

When signal is generated on the 1 Hour Chart, use the 15 minute cfd chart timeframe to open and close positions.

LONG EXIT

1. RSI gives opposite signal
2. CFD Price breaks Support Trendline
3. Parabolic SAR is hit (Trailing Stop)

RULES

SHORT ENTRY

Entry

15 Minute Charts

1. Both MAs are moving DOWN
2. MACD moving DOWN
3. RSI <-< 50
4. Parabolic SAR is above the price (Support)

When signal is generated on the 1 Hour Chart, use the 15 minute cfd chart timeframe to open and close trade positions.

SHORT EXIT

1. RSI gives opposite signal
2. CFD Price action breaks Support Trendline
3. Parabolic SAR is hit (Trailing Stop)

ROUTINE

1. Signals are generated using 1H cfd chart timeframe and executed using the 15 minute cfd chart time frame.
2. Trading signal to be executed immediately trading rules are met.
3. Entry alert signals should be executed during daytime.

TIME OF DAY TO WATCH MARKET - MARKET HOURS

Watch market during daytime when most companies and online cfd brokers are open for trades. Use this to create a suitable program.

Example Trading Plan Template

Tips - You can use the MT4 CFD Platform to save this as a cfd template that way you do not have to lay it afresh every time you open a new chart. If you want to learn how to save a cfd plan template on the MT4 platform, read: MetaTrader 4 CFD Platform Guides.

CFDs Money Management

• Day trading - Low risk High return technique
• Trade when I have a high risk:reward ratio 3:1 or more
• Stop loss = Parabolic SAR

• Set TP target 40-60 CFD Pips
• Never transact beyond Three % of account equity
• Never risk more than 2% on one cfd trade transaction

CFD MINDSET/PSYCHOLOGY

• Trade without Emotions (greed, fear, impulse, bias, anticipation, overexcitement)
• I trade what I see not what I feel.
• I will be patient.

My job description is not to be the cfd system!

It isn't to decide which signal looks promising.

That is the job of my cfd system - which has a set of cfd guide-lines which tells me this is what I follow. Don't get caught up in price action and make trading rules as you go along.

MY JOB DESCRIPTION IS

To sit patiently & wait for my cfd strategy to indicate that it is time to enter or it's time to exit. And then with great focus I execute the cfd plan as outlined.

Taking trades not indicated by the cfd system, second guessing it and not taking signals given, hesitating & getting in late, anticipating and getting in early are all common place & boil down to lack of faith in the plan & not having a burning desire on accurate trade execution.

GOAL: To have 100 Percent undivided resolve on mastering my ability to execute my CFD Trading rules accurately.

More you develop your ability to step back from price movement and watch the cfd market dispassionately, waiting for a cfd signal, the easier it will be to witness the fluctuations of your emotions without you getting sucked into them & allowing them to throw you off your trading game.

WEAKNESS

1. I am greedy.
2. I over-trade
3. Make a list of all your weaknesses which are interfering with your trading. This is the first step to help you overcome these weaknesses. Use CFD Trading psychology to help you overcome them.

NB: by writing down your weaknesses you'll begin recognizing them as you make progress, once you do this you will start to avoid these trading mistakes & your trading results will improve.

GOALS

• To focus on exit just as much as I do on entry signals.
• Always protect my account using stop loss, cfd money management strategies, follow with the cfd trend direction and always following the trading rules of my cfd strategy.
• Never second guess or go against my strategy. To always keep up my discipline.
• Follow all the guidelines of my cfd strategy and never break them.
• Transact fewer times and execute all my signals correctly. Trade what I see, what the system + cfd charts are telling me.
• Sit patiently & wait for signals from my strategy.
• Achieve consistent cfd results before opening a live trading account.

FOLLOW THIS CFD Trading SYSTEM

This is the most important part of creating the cfd system.

Always follow the trading rules

Stick with the trading rules

Be disciplined and patient enough

CFD JOURNAL

Log all my trade transactions in a cfd journal so as to track my training progress & improve my cfd execution trading methods.

This cfd strategy uses momentum to determine the cfd trend of any cfd.

Even if you are new to cfd market and you do not know how a cfd system looks like, this cfd system template example illustrates to you how a cfd strategy should look like, the CFD Trading guides explained in other sections of this training web site will also explain further different aspects that you need to learn.

Hence, objective is to help you come up with your own complete cfd strategy that is if you are looking for one, by showing you one that's already complete. In fact you can just use it as it is, or make a few adjustments so that it suits your cfd style.

The aim is to help you improve your cfd results by using a cfd plan, & another advantage is that this trade plan will offer you a chance to improve your knowledge and it will help you improve your cfd results and help you make pips when cfd and keep them so that you do not keep giving them back to the trading market.

Read this cfd plan training guide about developing a cfd trade plan of your own, along with learn cfd courses and trading strategies listed at top of this learn cfd lesson site.

The Most Beneficial part of using this cfd plan template is the "CFDs Money Management Part" you'll learn how to trade cfds & minimize risk, which is the most important thing when it comes to trading the trading market.

CFD Plan Checklist - How to Develop a Trading Plan in CFD Trading - CFD Plan Example - CFD Plan Doc