we have to set targets for beginners and we must limit them so we don't expect too much of something beyond our capabilities, so it's better for beginners to set realistic targets that are easily achieved.
The following is an example of a short-term realistic target for a beginner trader as well as the first step to determining a long-term target:Can trade correctly.do not focus too much on the profit generated, make a target such as in a few times the trade does not lose or click the mode if the loss just starts looking for profit every time open the position. To be able to achieve these short-term targets you must have an effective trading strategy and * good money management *. Make a trading plan according to the strategy and run it with discipline. You should always be consistent in carrying out the process. Just focus on the final process.Do not first target trading for living You will be required to generate profits more often so that it can cause mental stress that makes it difficult for you to control your emotions by making trading a source of income. This can make you overtrade and destroy your account. 3. really like trading.when profit or loss we should not be angry with the market or adore it when profit, by loving our trading means that we will be ready to accept trading when we are happy or sad.
The following is an example of a short-term realistic target for a beginner trader as well as the first step to determining a long-term target:
A little but consistent, just 1% every day is good, I'm sure with consistent growth that profit can add to the next target
For a beginner trader the realistic target at the beginning or the first stage is to make planing trading without big losses with 2 pip stop loss and 1 pip takeprofit. it will help quickly get profit realistis target
realistic targets in my opinion are targets that are not too high or too difficult to reach by novice traders because the novice target is basically to achieve small things first.
0 Members and 2 Guests are viewing this topic.