Setting goals and targets in forex trading is essential for success. Traders should start by defining their objectives, such as profit targets, risk tolerance, and trading frequency. They should then develop a trading plan that outlines their strategies, risk management approach, and entry and exit criteria. Goals should be specific, measurable, and achievable, with clear timelines for achieving them. Traders should track their progress and make adjustments to their plan as needed. It's also important to have realistic expectations and not be swayed by short-term fluctuations in the market. A long-term perspective and disciplined execution of the trading plan are essential for achieving success in forex trading.