What is your goal in trading?

Vladimir Rojas

Junior member
30 13
All we know that it’s impossible to start something without the goals setting. Likewise, the goals are an essential part of your trading strategy. They direct your interest in the market and give a sense of achievement when you succeed.
Which targets do people pursue when starting to trade?
Often the answer is money. If your reply is the same, the loss of only 1 pip can scare you away from Forex. But truly, money is a result of the trading process. And our aims should lie deeper.
So, it’s not just about the goals, but about the setting them right. The results-based aims are crucial both for novice and pro traders.
For example, raising $1000 per week is not the right goal. It’s better to strive for a deep market understanding to help yourself achieve financial freedom. On the way to the meaningful goal, you will find your own strategy, recognize the process, and be aware of how to make a profit from trading.
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WalletInvestor

Active member
120 31
I completely agree that the money is more of a result of the trading process rather than a goal in and of itself. I guess for me certain earnings are the long-term goal, but on the short run I focus on doing good analysis and making the right decisions.
 

HeavLeighGill

Active member
115 31
Not to lose money and work on self-improvement like patience and discipline. Those things seem to improve trading profits.
 

mattrich

Newbie
1 0
My goal is simple, to increase my pension pot so that I can retire and have something better than what I would have had if I had left it with Aviva. I have spent the last 6 years looking after my own SIPP and adding an Self invested ISA alongside it in the event of a rainy day when I get older. I have had to gain "deep market understanding" and what I know now compared to 2015 probably makes me boring amongst friends but I am well ahead of what Aviva predicted, and that was before Covid. There predictions may be lower now.
 

pezza55

Member
56 16
I trade to have the freedom from working for large companies and to make a better lifestyle choice. Trading gives you time which can be spent doing activities with family & friends.
 

rochellcurtin

Junior member
20 3
My goal is to be neutral on my wins as well as losses. Whenever I win a trade I get too excited and losing trades take a toll on my peace. I want to detach myself from the outcomes so that highs and lows don't have much emotional impact on me.
 

Henow1969

Well-known member
307 38
The goal of forex trading is to make a profit but to do so, traders need to have enough knowledge to maintain and manage their accounts and make some profit every month. Success occurs when traders are making money.
 

vivanbaylor

Junior member
19 3
Like many others, I want to achieve financial freedom with forex trading. I want to earn just that much so that whenever I need something, I don’t have to think twice before buying it. Currently, I am trading forex part-time and making some additional income. If my earnings from forex start exceeding my salary (which is not much), I will leave my job and trade forex full-time.
 
 
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