Suppose, you are a beginner at trading forex. You have never traded forex before. So, how to go about making your strategic plan for trading the forex market. Well, in technical terms, strategic plan is called the Trading Plan. What you need to do is to take a week and make a realistic Strategic Plan.

Start with your end goal? Suppose, you want to make $10,000 per month as a forex trader. Now, how much time you think you will take to reach your goal? Let's be realistic. You think that you can achieve your goal in 10 months. OK, now that you have fixed your end goal, you now need to develop a strategic plan that shows you how to achieve your goal of making $10,000 per month in the next 10 months.

First 2 months, you will educate yourself about the forex market. Most of the information is freely available. In this month, you should decide upon the trading system that you will trade. In these two months, you will study forex for 2 hours daily in the night.

After two months, once you have decided on your trading system, you need to open a demo account and practice that trading system on the demo account. You will practice on your demo account for 3 months. In the first month, you will try to double your account. Suppose, you are unable to do that.