Always set your target and make a goal and you can make weekly and monthly target and trade according to them. You can become a successful trader if you can make a good goal and strategy and can trade with your own strategy and plan. so always trade with plans and never trade against the plan and your strategy.
Yes it is important to set targets, may be on weekly or monthly basis. Fulfillment of targets will lead to accomplishment of goals. So in order to do that, one needs to build a solid trading strategy and most importantly stick to it.
Hi, Yes, its right, every traders need to set up a goal for forex trading. After set up your goal you need to work hard for Implementation your dream. I also a new trader. I need to learn many things about forex, and i start to aks my trading related question with expert traders. My goal is to be a successful traders. I see many traders who lead a happy and joyful life with trading. Moreover i also see many traders who lost their all in forex. But i don't want to lost my all invest. So i need to learn more about forex then i will start forex trading.
Roberto21 posted: Learning is a long time process, so we the traders have to keep patience in Forex trading to acquire exact trading knowledge. For learning Forex in a proper way we have to choose the broker which has exclusive educational facilities with essential terms and conditions.
Learning is a very important thing for every trader be it a beginner or expert in forex trading. Its an ongoing thing. We should never stop learning.
IT's very easy to say so but more than often it's not as easy as you try to describe all this in all possible ways, it's way too much to add to current topic absolutely and possibly anyway. Where do we get all that ? I am not that sure.
Of course, in trading it is very important to set your goals, which you want to achieve with your trading. I can also advise you to split large, global goals into smaller ones. For example, the goal is to multiply the amount of money by 4 times. Split it into weekly targets, and see if you have achieved your goal by the end of the month. Compare the result with the one you were going to achieve and see if you have succeeded. If not, then don't worry, trading is a long process of learning and improvement. Make an analysis of your mistakes and problems to minimize their impact on your goals. And good luck:)
To know that your trading has a goal, and you don't just do it out of boredom or whatever, you have to decide for yourself why you're doing it. And when you have a definitely formed goal, you have to go to it. The sooner you have a goal, the sooner you'll be successful in trading and grow above yourself.
It is very important to set the target and goal but make sure it is realistic and not outside of the box because your mindset might be telling you that you can do it. Just stick with the minimum target and goal and gradually increasing them over time.
We can say anything, but the most important thing in the market is of course profit, money. So all we do is to make profit and qualitatively multiply our capital. And what ways do you use for that is the second question...
It is not possible to get rich in one day in trading. You have to gain a lot of knowledge and then you have to make a profit in trading. It is a matter of skill. You will lose after you learn everything because trading is a market of possibilities. It is not uncommon to lose here. So if you can set a target and set a goal, you can succeed in trading. Because without a plan, none of those targets and goals can be met.
If you are in trading, you will never become a successful trader. First you have to set your goals. And we have to move slowly towards that goal. Success at Forex is possible through a lot of patience. Trading is very difficult and this difficult thing requires a lot of planning to make it easy. A lot of discipline is needed. It is very important to do good analysis in trading and besides analysis there are some important things to manage and set a goal. If all goes well, you will one day become a successful trader.