The Importance of Realistic Forex Trading Targets

Re: The Importance of Realistic Forex Trading Targets

aizafx

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Yes, there are so many similar stories like that, after making good profit the trader losing control, over trading and larger target rationally often leading to losing all profit and money eventually, has reasonable target also need to keep with discipline, and understanding with the market

#16 - November 12, 2020, 11:21:08 PM

Re: The Importance of Realistic Forex Trading Targets

RaNo Achndar

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Realistic targets are important to make trading success bigger, if we target it must be in accordance with the analysis and managed with realistic targets, for example the closest target is in a certain area.

#17 - November 15, 2020, 04:47:39 AM

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Miracle Fx

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Realistic targets are important as benchmarks, when we have small capital, we have to set realistic targets, don't expect to get big profits easily and don't be greedy.
If we already have knowledge and qualified flight time, we will invest big, and set big targets.

#18 - November 16, 2020, 04:21:25 PM

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TechnoPips

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Every trader with different trading skills means that his trading results will also be different.
From this explanation, it can be concluded that trading must be based on the ability to achieve realistic targets.

#19 - November 16, 2020, 11:18:42 PM

Re: The Importance of Realistic Forex Trading Targets

Tahajud

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Determining realistic targets is quite important in my opinion because if we target something that is impossible it will trigger our forced trading, and the result will definitely be destroyed.

#20 - November 17, 2020, 12:33:04 AM

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Mochira

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To measure realistic targets use target levels should be set, for example targets 1,2 & 3.
in this way it will be seen that our analytical ability to trade with realistic targets of these levels.

#21 - November 17, 2020, 04:10:13 AM

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Fahmi Am

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First of all, we have to measure our ability, don't let us go out of control by trading full, so we have to stay realistic with our abilities.
If there is no ability, you should learn first and make goals that are easy for us to achieve. High targets I am sure will be difficult to achieve.

#22 - November 17, 2020, 07:34:54 AM

Re: The Importance of Realistic Forex Trading Targets

Trader Hijrah

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indeed it is quite important in determining realistic targets in trading, because we all know that a lot of traders fail because they are targeting something unrealistic, or not according to their abilities, both financially and in terms of their trading skills.

#23 - November 17, 2020, 11:09:13 PM

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Libra

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A realistic target is very important because it will determine the consistency of the target itself, for example a target of $ 1 per day with a capital of $ 1000 is very realistic and it will make profits more consistent.

#24 - November 18, 2020, 06:06:00 AM

Re: The Importance of Realistic Forex Trading Targets

Rizky_Rizal46

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Having realistic profit targets is usually owned by professional traders, novice traders rarely have realistic targets, usually the targets are only arbitrary and do not comply with good risk management rules.

#25 - November 18, 2020, 06:24:05 AM

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Muh0340

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The best targets are those that are realistic and that is one of the things a trader should calculate and set when creating a trading plan.

#26 - November 18, 2020, 04:51:53 PM

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FzFx

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Realistic targets are highly recommended and even mandatory because if a trader uses excessive or too large targets, besides being dangerous, it will also be difficult to achieve.

#27 - November 18, 2020, 05:31:56 PM

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Billy Atkinson

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Realistic targets are targets that must be achieved by all traders with adjusted abilities so realistic targets here are not intended only for small targets because targets cannot be deceived.

#28 - November 18, 2020, 05:46:08 PM

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PrimaFx

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Realistic targets are the most suitable targets for all traders, especially beginner traders, who are still confused in determining targets, so it is impossible to immediately reach the main target.

#29 - November 19, 2020, 01:50:26 AM

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Riky Namaku

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If we have realistic targets or targets that are achievable then we will tend to feel calm and safe, that's why apart from risk management, realistic targets are also important.

#30 - November 19, 2020, 06:00:12 AM