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how to set goals and targets in forex

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Agus al huda

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Hello, trader friend. ;D here I am a beginner in trading. how to trade according to how to determine the trading destination? and how important is the trading target?::)
if according to me personally who is still a beginner in this business. the purpose of trading is for financial freedom. and for my target sometimes I still get carried away. still can't determine. My target is 5% of capital for 1 month. but it's not easy, 8) sometimes I violate my trading management because I feel I want to get more.;D
how about for trader friends here? how do you determine the target and goal? sharing that experience is wonderful.



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#1 - February 07, 2019, 04:37:22 PM
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ariezz

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I have realistic targets and in a monthly period of 10-20%. I think that such a target is still reasonable as long as we can maintain the psychology and rule discipline and the trading strategies that we have and are not forced.
#2 - February 07, 2019, 05:12:09 PM
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Black_Koujee

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If I think personally, determining the profit target will only burden our psychology. Because I consider that the market is uncertain. Maybe today is trending and our target can be achieved. So what about tomorrow? Will it be the same? If the market is sideway, and our target is not achieved, what will we do? Adding to our trading volume?
#3 - February 07, 2019, 05:21:43 PM
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zanurreload

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the target of 5% in one month in my opinion is quite good, because it fits the risk for beginners. But what you need to pay attention here is Meney Management. You must be able to manage money management as best as possible when you trade. Don't bet all your money in one trade.
#4 - February 07, 2019, 10:21:35 PM
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Kirinkato

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I always set goals in forex based on the pip I want. by setting the biggest risk and profit that I want. usually in 1 week I set 50 pips as the biggest risk and 200 pip profit target. if there is one that has been reached, I will stop trading.
#5 - February 08, 2019, 01:41:31 AM
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Tahajud

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In fact, many traders determine their target profit level with emotion and do not follow the planned Exit strategy. The reasons vary.

The first: leave the market prematurely. A common reason is to worry about not getting profit, so that the profit obtained is only part of what you should get.

Second: estimating the market will move according to expectations, then the position is held even though the market conditions have changed, so that the profit that should have been obtained will actually be lost
#6 - February 08, 2019, 07:07:22 AM

Sahal Ma'sum

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actually for the target, don't equate with other traders, because each person is different from the target, my advice, adjust your target with the money you have
#7 - February 08, 2019, 07:18:59 AM

Sahal Ma'sum

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if I myself, the target that I set is 10% of the capital that I have, which means that when you get the target, then I try not to trudge too much first
#8 - February 08, 2019, 07:19:52 AM

Agus al huda

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Quote from: Sahal Ma'sum on February 08, 2019, 07:19:52 AM
if I myself, the target that I set is 10% of the capital that I have, which means that when you get the target, then I try not to trudge too much first

What is the least realistic deposit to maintain money management?
#9 - February 09, 2019, 01:41:32 AM

Agus al huda

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Quote from: Black_Koujee on February 07, 2019, 05:21:43 PM
If I think personally, determining the profit target will only burden our psychology. Because I consider that the market is uncertain. Maybe today is trending and our target can be achieved. So what about tomorrow? Will it be the same? If the market is sideway, and our target is not achieved, what will we do? Adding to our trading volume?
sometimes I also think so? what I specify is not the target but the risk



#10 - February 09, 2019, 03:33:48 PM

Neo182

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I try to target 30% / month that is quite realistic with the techniques that I have
#11 - February 09, 2019, 03:35:39 PM

Alim muntolib

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Quote from: Agus al huda on February 09, 2019, 03:33:48 PM
sometimes I also think so? what I specify is not the target but the risk


If in my opinion even though we have the target profit and loss limitation then it is not enough if not in the fasciors of good trading fsikology, as well as adequate techniques. Sideweys issues depend on the type of each trader.
#12 - February 09, 2019, 03:41:30 PM

Lordmishi

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My target a month is 10% of my salary, but sometimes i get 15 or more. The thing is, if your trading plan is good, and you are determine you will get to your target. Keep fighting and dont be negative even if u loss
#13 - February 09, 2019, 04:00:16 PM

Aranchar

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hello sir

in my opinion if the target is to use the percentage of its properties is not good.
I personally have a capital of 100 $, targeting a daily profit of 3 $ and a loss of 1 $
and I will not enter the market to open a position if there is no entry signal in accordance with the technique that I use
#14 - February 09, 2019, 04:27:09 PM
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rendipepe

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if I personally combine money management with a journal in a booklet, if we leave money management we can correct our small mistakes so that the target is fulfilled.
#15 - February 09, 2019, 06:50:25 PM
« Last Edit: July 31, 2024, 01:18:04 AM by Admin »
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