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The Importance of Realistic Forex Trading Targets

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The Importance of Realistic Forex Trading Targets in General Forex Discussion_xx
By setting realistic targets, you can avoid big disappointments. Conversely, if you set the target too high to be difficult to realize, then you will probably be disappointed and even lose all your funds.Everyone has a dream to make millions of dollars by trading forex, but they often forget that to make a million dollars, you need to fund more than a million dollars as initial capital. Even though in reality, large capital traders are not necessarily good traders. Large capital only provides greater flexibility in trading, less risk per transaction, and the ability to last longer on the market. The longer you can survive in this business, the greater your chances of success.
 
In the past, when I first started trading forex, I had a target to generate at least 20 USD per day. The first week of trading was extraordinary; I managed to get more than 100 USD. But then suffered a losing streak. I started to miss, opening too many trading positions to lead to more losses. In the end, I lost all my funds.

The problem is very simple. That is not a realistic target for me. My initial capital was only 100 USD! With a daily target of 20 USD, the percentage compared to the initial capital is too large, so flexibility is also low. I was very disappointed, and then changed my trading method and set a more realistic target.


If you want to set a target in forex trading, then first, make a reasonable target. Instead of making extreme targets, try making one that is easy to reach. Say you have an account of 1000 USD and your target is 100 USD per day; does that make sense? 100 USD is 10% of 1000 USD. If you want to get results of at least 10% of the initial capital, then you must be brave enough to accept that risk. Though risking 10% of your account is NOT a good idea. Believe me.

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#1 - April 05, 2019, 02:19:53 PM

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The Importance of Realistic Forex Trading Targets in General Forex Discussion_xx
yes I agree ... setting realistic targets is an important thing to avoid being greedy
#2 - April 09, 2019, 02:29:56 AM

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The Importance of Realistic Forex Trading Targets in General Forex Discussion_xx
By setting realistic targets, you can avoid big disappointments. Conversely, if you set the target too high to be difficult to realize, then you will probably be disappointed and even lose all your funds.Everyone has a dream to make millions of dollars by trading forex, but they often forget that to make a million dollars, you need to fund more than a million dollars as initial capital. Even though in reality, large capital traders are not necessarily good traders. Large capital only provides greater flexibility in trading, less risk per transaction, and the ability to last longer on the market. The longer you can survive in this business, the greater your chances of success.
 
In the past, when I first started trading forex, I had a target to generate at least 20 USD per day. The first week of trading was extraordinary; I managed to get more than 100 USD. But then suffered a losing streak. I started to miss, opening too many trading positions to lead to more losses. In the end, I lost all my funds.

The problem is very simple. That is not a realistic target for me. My initial capital was only 100 USD! With a daily target of 20 USD, the percentage compared to the initial capital is too large, so flexibility is also low. I was very disappointed, and then changed my trading method and set a more realistic target.


If you want to set a target in forex trading, then first, make a reasonable target. Instead of making extreme targets, try making one that is easy to reach. Say you have an account of 1000 USD and your target is 100 USD per day; does that make sense? 100 USD is 10% of 1000 USD. If you want to get results of at least 10% of the initial capital, then you must be brave enough to accept that risk. Though risking 10% of your account is NOT a good idea. Believe me.
for realistic targets in a trade is something that must be applied to our trading patterns.
if it targets too much profit it will actually make our emotional disturbance because we always think of chasing a lot of targets.
I personally don't have a daily target, I prefer to target weekly 10-20% of capital that is already very good if we trade healthy, taking into account various factors, such as MM, Strategy etc.
if the target is not worth the meal capital the prospect of loss will be greater than the profit.
#3 - April 13, 2019, 11:37:12 PM

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The Importance of Realistic Forex Trading Targets in General Forex Discussion_xx
By setting realistic targets, you can avoid big disappointments. Conversely, if you set the target too high to be difficult to realize, then you will probably be disappointed and even lose all your funds.Everyone has a dream to make millions of dollars by trading forex, but they often forget that to make a million dollars, you need to fund more than a million dollars as initial capital. Even though in reality, large capital traders are not necessarily good traders. Large capital only provides greater flexibility in trading, less risk per transaction, and the ability to last longer on the market. The longer you can survive in this business, the greater your chances of success.
 
In the past, when I first started trading forex, I had a target to generate at least 20 USD per day. The first week of trading was extraordinary; I managed to get more than 100 USD. But then suffered a losing streak. I started to miss, opening too many trading positions to lead to more losses. In the end, I lost all my funds.

The problem is very simple. That is not a realistic target for me. My initial capital was only 100 USD! With a daily target of 20 USD, the percentage compared to the initial capital is too large, so flexibility is also low. I was very disappointed, and then changed my trading method and set a more realistic target.


If you want to set a target in forex trading, then first, make a reasonable target. Instead of making extreme targets, try making one that is easy to reach. Say you have an account of 1000 USD and your target is 100 USD per day; does that make sense? 100 USD is 10% of 1000 USD. If you want to get results of at least 10% of the initial capital, then you must be brave enough to accept that risk. Though risking 10% of your account is NOT a good idea. Believe me.
have you been able to implement this?
#4 - April 14, 2019, 04:09:15 AM

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The Importance of Realistic Forex Trading Targets in General Forex Discussion_xx
as a beginner trader I had hoped that in order to live from forex in fact it turned out to be indeed giving heavy mental pressure and unrealistic targets so that it was too overtrade and overlots that used considerable risk so that it was not controlled. as a beginner trader this must be shunned so that our future is bright, I myself am converted and do not want to target grandiose highs anymore. I am now focusing on developing accounts and analytical skills well so that profit only as a bonus is not the main goal in trading
#5 - April 18, 2019, 06:55:38 AM

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The Importance of Realistic Forex Trading Targets in General Forex Discussion_xx
By setting realistic targets, you can avoid big disappointments. Conversely, if you set the target too high to be difficult to realize, then you will probably be disappointed and even lose all your funds.Everyone has a dream to make millions of dollars by trading forex, but they often forget that to make a million dollars, you need to fund more than a million dollars as initial capital. Even though in reality, large capital traders are not necessarily good traders. Large capital only provides greater flexibility in trading, less risk per transaction, and the ability to last longer on the market. The longer you can survive in this business, the greater your chances of success.
 
In the past, when I first started trading forex, I had a target to generate at least 20 USD per day. The first week of trading was extraordinary; I managed to get more than 100 USD. But then suffered a losing streak. I started to miss, opening too many trading positions to lead to more losses. In the end, I lost all my funds.

The problem is very simple. That is not a realistic target for me. My initial capital was only 100 USD! With a daily target of 20 USD, the percentage compared to the initial capital is too large, so flexibility is also low. I was very disappointed, and then changed my trading method and set a more realistic target.


If you want to set a target in forex trading, then first, make a reasonable target. Instead of making extreme targets, try making one that is easy to reach. Say you have an account of 1000 USD and your target is 100 USD per day; does that make sense? 100 USD is 10% of 1000 USD. If you want to get results of at least 10% of the initial capital, then you must be brave enough to accept that risk. Though risking 10% of your account is NOT a good idea. Believe me.
in forex trading, although it has good analysis and long experience, if it is too ambitious to pursue a very large target but not accompanied by a large capital capacity it is also a mistake.
For a realistic target for daily I don't agree with 10%, to be able to profit that day will be very difficult. even though today the profit but maybe tomorrow will be a loss. the most important thing is to be consistent for just 5% daily is enough. if 1 month can reach 100% and plus the percentage of daily development.
#6 - April 18, 2019, 10:11:36 AM

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The Importance of Realistic Forex Trading Targets in General Forex Discussion_xx
By setting realistic targets, you can avoid big disappointments. Conversely, if you set the target too high to be difficult to realize, then you will probably be disappointed and even lose all your funds.Everyone has a dream to make millions of dollars by trading forex, but they often forget that to make a million dollars, you need to fund more than a million dollars as initial capital. Even though in reality, large capital traders are not necessarily good traders. Large capital only provides greater flexibility in trading, less risk per transaction, and the ability to last longer on the market. The longer you can survive in this business, the greater your chances of success.
 
In the past, when I first started trading forex, I had a target to generate at least 20 USD per day. The first week of trading was extraordinary; I managed to get more than 100 USD. But then suffered a losing streak. I started to miss, opening too many trading positions to lead to more losses. In the end, I lost all my funds.

The problem is very simple. That is not a realistic target for me. My initial capital was only 100 USD! With a daily target of 20 USD, the percentage compared to the initial capital is too large, so flexibility is also low. I was very disappointed, and then changed my trading method and set a more realistic target.


If you want to set a target in forex trading, then first, make a reasonable target. Instead of making extreme targets, try making one that is easy to reach. Say you have an account of 1000 USD and your target is 100 USD per day; does that make sense? 100 USD is 10% of 1000 USD. If you want to get results of at least 10% of the initial capital, then you must be brave enough to accept that risk. Though risking 10% of your account is NOT a good idea. Believe me.
Your advice is very good for beginners like me, only to manage money that I have not yet mastered, often over lot
#7 - April 18, 2019, 10:29:26 AM

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The Importance of Realistic Forex Trading Targets in General Forex Discussion_xx
I really agree with your writing. setting realistic targets in forex is very important, because with that we will avoid being greedy
#8 - April 21, 2019, 02:56:56 AM

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The Importance of Realistic Forex Trading Targets in General Forex Discussion_xx
in my opinion the most important thing here is money management. Finding a realistic target is important, but if it is not balanced with good money management, it becomes unimportant
#9 - April 25, 2019, 01:33:40 PM

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The Importance of Realistic Forex Trading Targets in General Forex Discussion_xx
in my opinion the most important thing here is money management. Finding a realistic target is important, but if it is not balanced with good money management, it becomes unimportant
yep, just use money management and you will be okay even if you lose 100 pip lol, in my case i just using high lot when there is a high news lol, its sniper strategy i use for myself
#10 - April 25, 2019, 03:36:36 PM

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very interesting writing. I agree with you
#11 - May 06, 2019, 02:28:01 AM

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Targets are not just any of our settings but must be in accordance with the rules of the strategy we have so that it will be more effective in its use and not affect trading psychology which leads to negative things.
#12 - May 07, 2019, 06:18:05 AM

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the importance of having realistic targets in trading is that everything we apply is well controlled and everything will be on time for the achievement.
#13 - November 12, 2020, 08:39:30 AM

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The importance of targets for a trading purpose, but it should have realistic targets that can still be achieved with the capabilities you have. Not making a target that is too far from the ability, it can actually be dangerous because it is afraid to make a big loss.
#14 - November 12, 2020, 12:14:38 PM

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Realistic targets are targets in accordance with the abilities we have so we have to adjust to what is our reach more easily.
#15 - November 12, 2020, 02:44:05 PM

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