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One of the leading causes for the failure of many businesses is their lack of planning. I think most successful people would agree that if you want to be successful in life and business you need to have a plan for how to obtain that success, set goals to meet along the way, and then work on executing your plan and meeting your goals. Trading is no different from any other business in this sense and it is my opinion that those who fail to plan out their trading like a business are doomed to failure as well. With this in mind it is important to have a written business plan for your trading just as you would for any other business.

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The video presented above clearly pointed out the 20 components of a successful trading plan. It aims to help traders to have an idea with regards to their trading plan and to make them an organize trader. Also, it aims to improve the performance of every trader to make them more competitive in the Forex market.

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