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Time now: Jun 1, 12:00 AM

Define a goal for every trade

even i reach my daily goal..I am tempted to re-open the position..haha
 
when trades go wrong..it was your consequence..evaluate your strategy and test again with demo account.
 
When people start trading, they focus on searching the most profitable trading strategy. Having a clear goal is one of the keys to success for a trader.
 
Every new trade is a new opportunity and you have to learn a positive lesson from it aa well. Your trading career is a complete learning book where you will learn new chapters with the passage of time. You also need to have a trade diary of your own in order to note the key points of every trade. Do you have the trade diary?
 
I think a single goal is not enough in the Forex trading. You need to set the short term goals as well as long term goals. You must have to plan for at least 10 years onward from where you are standing right now. So, your goals change with the passage of time!
 

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