how to set goals and targets in forex

Posts: 34 · #31 - February 11, 2019, 08:05:12 AM

Quote from: Bayu maryanto on February 11, 2019, 07:05:55 AM

ok bro, thank you for your response. yes because every trader has their own character and also have different analysis methods

Okay, you are welcome. the purpose of trading is profit. however the aim is the same. important is the key to good and correct risk management.

Posts: 247 · #32 - February 12, 2019, 01:08:01 AM

determine the target is indeed a goal we trade on the forex market without a single purpose trading like a game of psychology that makes the mind crazy for him, with a target of 5% per month that you specify I think it is very realistic and healthy trading because with a target of 5% per month of course strict implementation of money management and strong account resilience seems to be, the most important thing is that the account doesn't run out because it violates our rules

Posts: 42 · #33 - February 12, 2019, 02:09:00 AM

the most important thing in trading is securing our trading account, if we have memorized how to keep the account safe, we just need to increase our ability to look for market gaps, then we will automatically know what and how to market it, so we will be able to search the advantage there, for the target problem, just adjust it with the capital security, the smaller your monthly budget, the safer it will be.

Posts: 127 · #34 - February 12, 2019, 02:43:02 AM

First, we make a plan first, then apply how the plan that we make, for example, determine when we stop trading after getting a profit. We calculate the loss and profit whether it has the same portion. If not, then we analyze the use of lots whether it exceeds the margin or how the strategies and techniques you make.

Posts: 34 · #35 - February 13, 2019, 06:31:07 AM

Quote from: hafid87 on February 12, 2019, 02:43:02 AM

First, we make a plan first, then apply how the plan that we make, for example, determine when we stop trading after getting a profit. We calculate the loss and profit whether it has the same portion. If not, then we analyze the use of lots whether it exceeds the margin or how the strategies and techniques you make.

good advice. means we have to use a good and correct trading plant. there is a profit target there is a loss target. money management

Posts: 34 · #36 - February 13, 2019, 06:34:58 AM

Quote from: essan on February 12, 2019, 02:09:00 AM

the most important thing in trading is securing our trading account, if we have memorized how to keep the account safe, we just need to increase our ability to look for market gaps, then we will automatically know what and how to market it, so we will be able to search the advantage there, for the target problem, just adjust it with the capital security, the smaller your monthly budget, the safer it will be.

trading waiting for a good moment is very good to do, but sometimes we have difficulty controlling emotions in ourselves. so what needs to be done is also emotional control. psychology management

Posts: 34 · #37 - February 13, 2019, 06:38:46 AM

Quote from: mohammad mmufroil on February 12, 2019, 01:08:01 AM

determine the target is indeed a goal we trade on the forex market without a single purpose trading like a game of psychology that makes the mind crazy for him, with a target of 5% per month that you specify I think it is very realistic and healthy trading because with a target of 5% per month of course strict implementation of money management and strong account resilience seems to be, the most important thing is that the account doesn't run out because it violates our rules

in fact, in trading I prefer the resilience of funds in my account. so the use of trading plants, money management, and the psychology of managament is very good

Posts: 247 · #38 - February 13, 2019, 08:40:25 AM

Quote from: Agus al huda on February 13, 2019, 06:38:46 AM

in fact, in trading I prefer the resilience of funds in my account. so the use of trading plants, money management, and the psychology of managament is very good

yes it is very important in setting money management because it is the use of the lot that determines how long the account will last and develop further

Posts: 34 · #39 - February 13, 2019, 09:14:36 AM

Quote from: mohammad mmufroil on February 13, 2019, 08:40:25 AM

yes it is very important in setting money management because it is the use of the lot that determines how long the account will last and develop further

but sometimes it doesn't deny that I still violate the plant that I made, there are still improvements in psychological management.

Posts: 177 · #40 - February 13, 2019, 10:17:01 AM

Quote from: Agus al huda on February 07, 2019, 04:37:22 PM

Hello, trader friend. 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, sometimes I violate my trading management because I feel I want to get more.
how about for trader friends here? how do you determine the target and goal? sharing that experience is wonderful.

I try to give an easy view, in this case back to us personally, when we know the forex trading business what do we want to achieve? whether financial freedom, earning money with smart work, targets need to be determined after the trading plan and rules in trading that must be done with discipline, here the key is only discipline in accordance with the rules we have made, talking the percentage back again to our capital, if capital big up to hundreds of thousands of usd, it doesn't need a large percentage, but if our capital is only 2000 usd, I think 20 percent a month is enough to live in our country. thank you.

Posts: 34 · #41 - February 13, 2019, 03:59:59 PM

Quote from: nawwa thalorenz on February 13, 2019, 10:17:01 AM

I try to give an easy view, in this case back to us personally, when we know the forex trading business what do we want to achieve? whether financial freedom, earning money with smart work, targets need to be determined after the trading plan and rules in trading that must be done with discipline, here the key is only discipline in accordance with the rules we have made, talking the percentage back again to our capital, if capital big up to hundreds of thousands of usd, it doesn't need a large percentage, but if our capital is only 2000 usd, I think 20 percent a month is enough to live in our country. thank you.

thank you in advance your advice is very helpful. I have tried it, just to get used to being more disciplined about the plants that we make.

for my purpose of trading, of course financial freedom, even though it hasn't reached that stage, I will continue to study and learn.

Posts: 143 · #42 - February 13, 2019, 05:23:14 PM

Quote from: Agus al huda on February 07, 2019, 04:37:22 PM

Hello, trader friend. 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, sometimes I violate my trading management because I feel I want to get more.
how about for trader friends here? how do you determine the target and goal? sharing that experience is wonderful.

from your question, what is my goal in forex because I want financial freedom, I target in forex I target 10% of the month, with a 2% risk of capital. why do I limit losses? because limiting losses is more important than limiting profits.

Posts: 151 · #43 - February 13, 2019, 05:53:55 PM

Quote from: Agus al huda on February 07, 2019, 04:37:22 PM

Hello, trader friend. 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, sometimes I violate my trading management because I feel I want to get more.
how about for trader friends here? how do you determine the target and goal? sharing that experience is wonderful.

that's great what you explained above, but if my opinion we have to race against ourselves we must be able to control ourselves to trade and we also have to be able to manage our money management well, and at the core we must have a trading plan nice to face the savage market

Posts: 151 · #44 - February 13, 2019, 05:59:41 PM

Quote from: ariezz on February 07, 2019, 05:12:09 PM

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.

good night, for a monthly target of 10% to 20%, it is very possible especially if the capital is very large, for example, $ 20K for a minimum target of 10% per month is very good and big too, so the conclusion for determining such targets starts from controlling ourselves against the market and we also must always pay attention to our trading plan that has been made before,

Posts: 151 · #45 - February 13, 2019, 06:06:20 PM

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?

Hello, yes it's true if we think that determining profit like that is very difficult and will only confuse concentration, but actually if it's based on sufficient knowledge and good money management to make such a target it can be really true because it is seen from the character every trader is different and for achieving the target is not too big at least 10% a month to train ourselves,

how to set goals and targets in forex

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