Forex online for nowadays
and in the future have a good prospect for traders. Anyone who is dared to
enter the forex market can have a great opportunity to produce or achieve
maximum profit. Promising opportunity is truly seductive and tempting traders
to immediately take a decision to enter the forex market. (Although on the
contrary forex market can also make a trader runs out of his/her funds
invested).
For those who are
entering the forex market whether as a beginner or experienced forex trader- my
question in this paper is how is your profit target in forex trading
activities? Profit targets exist in the minds of our heads can affect the
success or failure of our trading. Therefore we need to set it up so that what
is being targeted before, is no longer just a dream, but actually able to
accomplish.
I do not want to
patronize, but let's making correction again about the magnitude of profit
targets we have set, either daily or monthly targets. Because, according to my
observations, the amount of profit targets is crucial to our trading behavior.
The bigger of the target, need greater mental pressure to achieve it. It is as
if we fail if unable to reach it in one hand. Although on the other hand, a
large target can make us more excited.
The problem is when we
set a big target, we do not have any appropriate skills to achieve it. That is,
as a beginner who does not yet has accurate analytical skills and do not have a
strong money management, profit targets should not be too large. Because when
the transaction was a loss, we are further away from the target. And this,
making our trading mental collapse, as all the roads becomes clogged.
So how much is a
reasonable target?
There are some advice
for us to define the target $ 50 per day. Is this allowed? Of course. But if
appropriate when setting targets $ 50 / day while its capital is only $ 100?
Deserve! But for the
master traders who are already well aware of the market.
For starters, it does
not deserve!
In conventional
business / real sector business, it's normal and usually gain about 10% - 30%
per month of the amount of capital. Thus, if we assume trading like a
conventional business, then our fair profit target of about 10% - 40% per month
as well Take the example of 40% per month. That is the trading time of 20 days
within 1 month, if we divide evenly, then the target of 40% of this can we
achieve by way of targeting 2% per day.
I'm sure this is very
easy to achieve. The difficult part is to resist the ego to achieve more.
So, if we agree and
have the intention of self-only reach 2% per day, so if we just $ 200 capital,
our target is only $ 4 / day.
What can be achieved?
Highly can !!
But the result of $ 4 /
day was very small? If you seriously want to make the trade, business, capital
prepare seriously!
What if the loss, even
though the money for daily living expenses? That is why we have to separate the
family finances with trading the financial, family finances with business
finances! Trading your money that really you are prepared to do business.
This is my suggestion;
if you consider this forex trading, prepare your capital seriously. Prepare a
larger capital, so that when the target was reasonable and small, the results
are still enough to finance your life.
But if you consider
this trading is a game, regardless of the capital, regardless of the target,
this is not a problem. But consider what would happen to you....
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Admin
