A free forex trading plan template is a structured document that outlines your trading strategy, risk management rules, trading goals, and evaluation process. It serves as your personal roadmap to maintain discipline, reduce emotional decisions, and build consistency in the forex market. In this article, you’ll get a comprehensive forex trading plan template to download, adapt, and use for your own strategy.

Key Takeaways

• A trading plan outlines your approach, risk tolerance, and decision rules.
• Helps you stay consistent and avoid impulsive mistakes.
• Free templates offer a starting point for traders to customise.
• The plan should be reviewed and updated regularly based on results.
• Success increases when paired with education, backtesting, and journaling.

Why You Need a Forex Trading Plan

Without a plan, trading becomes emotional and reactive. A trading plan:

• Defines your strategy rules
• Sets boundaries for risk and exposure
• Helps track performance and improvements
• Builds confidence in volatile markets
• Encourages discipline and consistency

Free Forex Trading Plan Template Structure

You can copy and paste this structure into Word, Excel, Notion, or Google Docs.

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📘 Forex Trading Plan Template

1. Personal Trading Goals

• Why do I want to trade forex?
• What is my monthly profit goal (% or pips)?
• How much time will I commit per day/week?

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2. Trading Style

• ☐ Scalping
• ☐ Day Trading
• ☐ Swing Trading
• ☐ Position Trading

Chosen style: ______________________
Timeframes: ______________________

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3. Preferred Currency Pairs

• Major pairs I’ll focus on: __________________________
• Exotic or cross pairs (if any): __________________________

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4. Trading Strategy Overview

Entry Criteria:

• Indicator(s): __________________________
• Price pattern: __________________________
• Confirmation conditions: __________________________

Exit Criteria:

• Take profit level: __________________________
• Stop loss level: __________________________
• Trailing stop? (Yes/No): __________________________

Trade Examples:
(Insert screenshot links or reference journal pages)

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5. Risk Management Rules

• Max % risk per trade: ________%
• Max open trades at once: ________
• Max daily loss limit: ________%
• Risk-to-reward ratio: Minimum ________:1

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6. Trading Hours

• Preferred sessions:
  ☐ Asian
  ☐ London
  ☐ New York
• Active trading hours: __________________________

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7. Psychology & Discipline

• Emotions to watch: __________________________
• What will I do after a losing streak? __________________________
• Daily mindset prep (meditation, review plan, etc.): __________________________

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8. Trading Journal Process

• Journal tool (Notion, Excel, paper, etc.): __________________________
• Log after every trade: ☐ Yes
• Weekly review schedule: __________________________

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9. Backtesting & Optimisation

• Strategy tested from: [Start Date] to [End Date]
• Win rate: ________%
• Avg. R:R: ________:1
• Number of trades tested: ________

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10. Review & Improvements

• Monthly review date: __________________________
• What worked: __________________________
• What to improve: __________________________

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✅ Commitment Statement

“I commit to following this trading plan with discipline. I understand that success in forex trading comes from consistency, risk management, and continuous learning.”

Signed: ____________________
Date: _______________________

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How To Use This Forex Trading Plan Template

1. Customise it to your trading style, pairs, and time zone.
2. Print or save it digitally for daily use.
3. Use it alongside a detailed Forex Journal and calendar.
4. Update regularly after reviewing your trading performance.

Bonus Tip: Integrate Your Trading Plan With Education

While a template provides structure, consistent execution requires skill. Enrolling in a structured Forex Course helps you build, test, and refine your plan under expert guidance—making your setup truly effective.

Frequently Asked Questions

Is a trading plan necessary for beginners?

Yes. A trading plan provides structure and prevents beginners from making emotional or random trades.

Can I use a forex trading plan template for free?

Absolutely. The template in this article is free to download, copy, and customise as needed.

How often should I update my trading plan?

You should review and update it monthly or after major changes in strategy, risk tolerance, or market conditions.

What’s the difference between a trading plan and a strategy?

A trading strategy is one part of a trading plan. The plan includes your strategy, risk rules, trading goals, psychology management, and review process.

Does a trading plan guarantee success?

No, but it significantly increases your chances of consistency, discipline, and long-term improvement in the forex market.

Conclusion

A free forex trading plan template gives structure to your trading and transforms random decisions into a consistent process. Whether you’re just starting out or refining your approach, a plan helps you think like a professional. Pair your plan with expert instruction from a Forex Course to turn strategy into success and build a disciplined trading routine.