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how to set goals and targets in forex

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Black_Koujee

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Quote from: Luky andriya on February 13, 2019, 05:23:14 PM
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.

Yea right bro.
Limiting losses is more important than limiting profits. Many people forget and consider this matter trivially. The purpose of trading is so that I can get profits, not losses. So when I can get as much profit as possible, why should it be limited?
Instead I trade not for loss, so I limit the losses that I can receive every day.
Why $ 10 if you can $ 100?
Why only 10 pips if you can 100 pips.
Change our mindset from now ;D
#46 - February 13, 2019, 06:08:29 PM

Luky andriya

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Quote from: Black_Koujee on February 13, 2019, 06:08:29 PM
Yea right bro.
Limiting losses is more important than limiting profits. Many people forget and consider this matter trivially. The purpose of trading is so that I can get profits, not losses. So when I can get as much profit as possible, why should it be limited?
Instead I trade not for loss, so I limit the losses that I can receive every day.
Why $ 10 if you can $ 100?
Why only 10 pips if you can 100 pips.
Change our mindset from now ;D

maybe my words are above, but we also have to know when we have to get out of the market when the market starts to reverse, don't be too eager in the market because the nature of the market is very volatile.;)
#47 - February 13, 2019, 06:18:09 PM

Black_Koujee

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Quote from: Luky andriya on February 13, 2019, 06:18:09 PM
maybe my words are above, but we also have to know when we have to get out of the market when the market starts to reverse, don't be too eager in the market because the nature of the market is very volatile.;)

You are right. Again
I can say that because I have experienced it. And I have also said why do I agree with your statement to limit losses more important? because the market is very volatile. As long as there's a stopp loss, why worry?
#48 - February 13, 2019, 06:32:14 PM

Luky andriya

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Quote from: Black_Koujee on February 13, 2019, 06:32:14 PM
You are right. Again
I can say that because I have experienced it. And I have also said why do I agree with your statement to limit losses more important? because the market is very volatile. As long as there's a stopp loss, why worry?
I've also experienced it, to limit losses is very important and highly recommended. fear must be there, who wants to lose, I'm the type of trader who doesn't use TP, after SL + profit,
#49 - February 14, 2019, 07:13:04 AM

indra88makmur

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I recommend that you make a trading plan first. after that choose the technique that is in accordance with the conditions of psychology and your mindset. when it's ready, you can start making good money management. then please start trading with master discipline
#50 - February 14, 2019, 07:20:40 AM

alfrz26

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Quote from: Agus al huda on February 07, 2019, 04:37:22 PM
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.
if my personal goal is to invest / save a pack, and about the target I apply weekly along with withdrawal. Every Trader has a target and his own trading plan, sir, and it is mandatory, so that the MM is managed.
#51 - February 14, 2019, 07:21:20 AM

Ariyudin

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the most realistic target for beginner traders is to be able to generate profits and not have to be large so that this goal is the most rational and also not to experience loss especially experiencing a margin call for beginner traders not to have the mindset to quickly get rich with forex and enjoy the process because eventually it will also be able to achieve large amounts of profit as well as in a consistent manner.
#52 - February 14, 2019, 07:28:09 AM

jurang

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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.
#53 - October 07, 2019, 08:54:44 AM

merikusa

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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
#54 - October 08, 2019, 02:43:23 AM

maeda

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forming targets in forex must be adjusted to the ability and magnitude of our capital to be realistic.
#55 - October 09, 2019, 08:23:43 AM

ert

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I recommend that you make a trading plan first. after that choose the technique that is in accordance with the conditions of psychology and your mindset. when it's ready, you can start making good money management. then please start trading with master discipline
#56 - October 09, 2019, 10:35:20 AM

Rangga

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the main goal of everyone including me is consistent profit.
#57 - October 11, 2019, 08:13:32 AM

Muh0340

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setting targets in forex is indeed easy, but when you have to apply it in a disciplined manner, it is very difficult because in trading we still have to control the psychology of trading.
#58 - September 02, 2020, 04:52:08 PM

Aryox

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Goals and targets are one of the important things in forex trading where we have to determine well what is in us, including our abilities and short or long term targets.
#59 - September 03, 2020, 07:16:19 AM

Billy Atkinson

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setting a target does need to use a measure that is in the form of a measurement of one's own abilities and must also be in accordance with what a trader has such as capital and goals.
#60 - September 03, 2020, 07:46:47 AM
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