How to set your forex trading goal perfectly?

[Hanan Öberg]

I believe there is only one goal of a forex trader and it is increasing profitability at any cost. To increase this profitability traders have to increase their trading knowledge because then higher the trading knowledge is, the higher the return is.

[maspluto]

To achieve consistent profits is neither easy nor instant in forex trading. Everything requires process and time. So, keep developing and learning everything, so that in the future, you can have a better understanding and trade to the fullest potential with Tickmill broker.

[skrimon]

On 4/21/2024 at 4:42 PM, Hanan Öberg said:

I believe there is only one goal of a forex trader and it is increasing profitability at any cost. To increase this profitability traders have to increase their trading knowledge because then higher the trading knowledge is, the higher the return is.

 

Absolutely!  Knowledge is definitely a key ingredient in forex profitability. The more you understand the market, the better equipped you are to make informed decisions.

[Fin_Trader]

I don't believe in increasing profitability at any cost. In trading, risk control is important first of all, so we must trade more safely according to the rules of money management, no matter how much we want to earn a lot and quickly. This will allow you to save your deposit and minimize your losses.

[Nilde Lucchese]

To set your forex trading goal effectively, define specific and measurable targets such as profit targets, percentage returns, or trading milestones. Align goals with your risk tolerance, trading timeframe, and strategy. Regularly review and adjust goals based on market conditions and personal progress to maintain focus and motivation. LQDFX broker is a very supportive broker and with them I don’t face any technical errors while trading and I feel secure with my money.

[uncle gober]

Nowadays, there are many brokers available in forex trading, whether local or international. It's just a matter of choosing between a local broker or an international one. Personally, I feel comfortable and secure trading with Tickmill as my broker.

[Textulane]

I set my own goals by breaking them down into smaller, manageable steps. I also found that having a reliable platform for executing trades made a big difference. I used blackeaglefg.com for routing, and it helped me stay on track. Their system made it easier to execute trades efficiently and stick to my goals. Focus on defining what you want to achieve, set realistic milestones, and make sure you have the tools to support your trades. That way, you can stay organized and make steady progress.

Edited September 19 by Textulane

[Zeologic]

Traders need to have a trading plan to manage funds in risky forex trading. A trading plan will help traders achieve their goals by evaluating what they should and should not do.