At the same time I publish this blog, I’ve create page called “Trading Plan Calculator”. May be you have overcome this page, because I am not put this page on the homepage, so you must explore the “Tools” page.

Then I decide to write a post to explaining about the Tools page. Currently there’s just 3 forex tools; Pivot Point Calculator, Fibonacci Calculator and Trading Plan Calculator. But, during near by I’ll added some forex tools like; camarilla, currency calculator/converter, pip value calculator, etc.

Trading Plan Calculator screenshot:

How to use Trading Plan Calculator

Just insert: First Margin, Deposit Per-Month, Take Profit, and Transaction. You can input the value as you like, depending your plan and your risk rewards.

I thought a normal trader should take profit between 10 – 40 pips per-one-transaction, and use transaction 10% – 20% of total margin.

The extreme trader may be take profit even until 100 pips or more, and use transaction 30% – 60% of total margin.

But the extreme is really risky. Although profit proportional to risk. But remember, just 10% of traders who can make profit with extreme style.

Realize your trading plan

The problem to realize your trading plan is discipline (money management). On the midway possible you tempted to make more pips, then you’re not follow your plan. And it’s usually make you bankrupt.

Good luck!. And be a discipline trader.