First, if you're reading this piece of currency options trading on the back of the New Year's resolution, well done! No matter what the pessimists say, well done for making it - now it's taking action.
Goals are important. They represent the bridge between reality and ideal. Once you know what the bridge, you can start planning how to build it. Setting a goal means recognizing that some things are missing now to get there. You obviously do not set a target that has already arrived. That would be pointless.
One of the goals help you make the days of the steps that day 1) to stay focused and 2) make a difference in the long run. This will help you become more aware of their strengths and weaknesses. It also helps you realize what you can do if you work a little more. And this is even truer in forex trading options, where the addition of a pip a day for their benefit (or remove a nugget from one day to its losses) can make a huge difference to your income at the end of month.
However, goal setting is not as easy as it sounds. Especially in the forex trading options, where the pressure to perform is strong, sometimes overly concerned traders to reach a given profit or loss redo overlooking the realistic look of these goals. When setting goals, make sure that these are achievable depending on your forex trading strategy options, available capital, risk appetite and last but not the least are personality.
In addition to the "realistic" factor, another reason why trade can not achieve its objective is the lack of systematic through the next. Traders often have a good factor of goal setting and visualization is performed correctly. That certainly helps keep their activities motivated forex trading options, but as important as goal setting is to define a clear action plan with daily tasks or steps to achieve it.
In this sense, it is important to distinguish what type of target to target.
For operators with less experience, it is important to focus on the process and not the result. This will help you hone your negotiating skills, teach good risk management and get them through good times and bad. Especially in the forex options, through bad times is a key skill to acquire. These are taught to handle large losses from an emotional perspective - not to say that emotion trade management is as important as risk management. If you end up in a gain or loss will not matter too much - what matters is to refine the process. Once you've perfected, all you have to do is extend it. Examples of things you learn would be closing their positions when they reach profit target or stop loss or choosing the right notional trade, etc...
For experienced operators, results-oriented goals are more appropriate. Have a profit target will remain focused on what you have to do to achieve it. But, obviously, has already acquired the skills to get there.
Forex trading options cover both markets, as it is about you and improve yourself. Setting goals is a key tool to ensure you reach your destination as quickly and efficiently.
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