FOREX TRADING 8 QUICK REMINDERS BEFORE SETTING YOUR FX TRADING GOALS
8 QUICK REMINDERS BEFORE SETTING YOUR FX TRADING GOALS • Take profits from the Fx Trading market. • For both Forex newbies and those traders with more experience out there, here are a few things you should remember before you set new fx trading goals for any cycle period.
FOR THE NEWBIES: • 1. FX TRADING IS NOT A GET RICH QUICKLY SCHEME • 2. NEVER TRADE MONEY YOU CAN’T AFFORD TO LOSE. • 3. HAVING A TRADING JOURNAL IS THE RECIPE FOR SUCCESS • 4. ASKING FOR HELP WILL NOT HURT YOU.
FOR THE MORE EXPERIENCED TRADERS: • 1. NEW IS NOT ALWAYS BETTER. • Before you explore new Fx Trading Strategies, take a second look at your old ones and check if a simple adjustment in stop losses, position sizing or indicator settings would have changed the outcome of your trades. 2. SET REALISTIC EXPECTATIONS. 3. WINNING CAN BE AS DANGEROUS TO YOUR ACCOUNT AS LOSING. 4. FOCUS ON THE PROCESS, NOT THE PROFITS.
THANK YOU. If you are a new trader and would like to learn how to trade, then sign up today to our 2-day free Foundation to Forex Trading Course.