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.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.