There is a fine line between success and failure when it comes to forex trading and a forex trading plan is something that can tilt the scales in favour of one or the other. Considering the fact that every decision you make when you trade in the forex market translate to either success or failure, you want to be able to implement a method or a formula that is engineered to minimise the risk of loss and help you become successful in your own accomplishments and the goals you have set. A forex trading plan is what many traders appreciate as a helping hand and a trusty guide in their trading activities. In fact, many will predict your failure as a trader just because you don’t stick to your own personal and tailored forex trading plan.