Most profitable forex traders have a trading plan and they draw on it to plan their trades. But if you’ve ever build a trading plan, you will know that 20 to 30 page document is quite difficult to put together. The SERTN trade planning approach is that by step approach, that gives you the minimum you need to successfully manage your forex trade.

The SERTN system covers the following areas:

S= Set up
E= Entry rules
R= Risk and money management rules
T= Trade management
N= Notes

The lack of a trading plan or a viable trading system perhaps explains why 90% to 95% of traders fail.

The SERTN trade planning method gets you well on the way to working with a reliable forex trading strategy.