What are your trading goals?
This question may seem daunting especially if you are a beginner however it is essential we create you some goals to work towards. Playing football without any goal posts would eventually becoming boring as we would not be able to evaluate results at the end of the game. Same goes with trading, if we are trading with no goals you would also either burn out or find out you have nothing to measure your performance.
Percentage goal
(per week/month)
Pip goal
(per week/month)
Money goal
(per week/month)
Why is it important to set goals that can be tracked through metrics?
For many it can be hard to set a metric goal to work with, be it %, pips or money as it may seem like so long in to the future and they want to just consistency and confidence to start. However consistency and confidence can only be tracked side by side alongside a metric target as someone can be 'confident' in the linguistics and trading terminologies but their trading performance metrically could be poor. Only when confidence in trading is measured against consistency in pips/percentgage/money can one be an independent trader.
