We should not think

We should not think or set goals unrealistic profit goals. A trader goals should be based on your skills. How much return others are getting that should not be a trader concern. If you are able to make 2%, that should be your goals. Our skills and expectation should match.

Most importantly figure out how to control your feelings. There is no place for avarice and dread in trading. In any case, this trading regimen is not for the unassuming or leave heart. Lift impulsive notions considers to a high-chance profile where plan is basic and specific orchestrating is a certain fundamental if a trading learner is to survive.

UweMoench posted:
We should not think or set goals unrealistic profit goals. A trader goals should be based on your skills. How much return others are getting that should not be a trader concern. If you are able to make 2%, that should be your goals. Our skills and expectation should match.

True, Most of the tarder have irrational expectations from forex. All just want to get rich quick from it. But if we actually try to fix realistic goals, that would be much helpful.

Agree. It is very good to have a goal, but keep it as realistic as it can be.

When you enter the forex market, make sure that you don’t set unrealistic goals. It will only make your trading journey difficult.

Trading in the market with emotion can be very dangerous. If you want to become a good trader you have to control your emotions. You can control your emotions by practicing on a demo account more and more. It will help you to get confidence and trade fearlessly.

ElliotCooke posted:
Trading in the market with emotion can be very dangerous. If you want to become a good trader you have to control your emotions. You can control your emotions by practicing on a demo account more and more. It will help you to get confidence and trade fearlessly.

I also agree. Try to control your emotion during trading decision or avoid emotional base trading like over trading, revenge trading.

UweMoench posted:
We should not think or set goals unrealistic profit goals. A trader goals should be based on your skills. How much return others are getting that should not be a trader concern. If you are able to make 2%, that should be your goals. Our skills and expectation should match.

So true. 😎

We should not think that trading is a game play. One must keep their emotions aside while being in the trade market. The only thing which should reside in your trading journey is consistency in learning, way of analysing things and patience.

Setting unrealistic targets and goals is naive and people should be careful with them.

I know, unrealistic and illogical goals only serve as negative motivation to be honest since they are never met. Therefore, we should focus on making achievable ones.

protecting your capital is very important, it focuses on money management and risk management, its most important issue to avoid unfortunate risk and losses.

The trader's goal is met only when he is bound by a discipline. Trading for the sake of strange profits can never bring success.

Yes, we should focus on our goals rather than trying to figure out other's strategies of trading

Agreed, unrealistic goals will take a person close to blowing his account rather than helping him to earn well. Traders should focus on aiming at logical targets, so that trading remains a practical game for them, rather than something impossible to achieve.

As a trader we should not think much of prices going up, this can lead to generate a greed factor in us. We should know when to timely open/close the position.

Well its always better to maintain a balance. Overthinking can be really harmful for the psychology of a trader.

A trader’s major focus must be on improving skills rather than making profits. If you think that you will do good if you focus on making profits, you need to rethink. What will you do without skills?

To be an expert, we need to spend many years in forex trading. As far as I am concerned, it is my second year of trading and I am feeling a clear difference in my trading. Now I have more options and trading tools and I am getting some decent profit also.