FXTM information and reviews
OctaFX information and reviews
XM information and reviews
FXCC information and reviews
FxPro information and reviews
HFM information and reviews

How to set your financial goals and follow through with them

Want to set financial goals for 2021 but have trouble with achieving them? There is no actual formula to how you can make this happen, but there are certainly some tricks you can use to make sure your plans are put into action.

January is coming to an end. It’s an ideal time to review your past achievements and set new goals. If you don’t know where to start, let’s see how you can proceed.

Looking back

First, look at your achievements and goals for the previous year. The best way to do it is to review your journal. If you haven’t started journaling yet, this year is a great time to start. Journaling is a powerful tool for self-analysis, especially for a trader. That’s where you can write down your most successful deals, strategies, useful information you have learned, as well as the primary market events.

To make a useful summary of your previous year, grab your journal or take a trip down the memory lane and answer those questions:

It will give you a solid idea of what happened, as well as your general sentiment about those events - a great way to start!

Setting new goals

Now you have figured the strongest and weakest points of the previous year. It’s time to fix those! Write down the key points: the highest (which you need to surpass) and the lowest (which you need to improve).

Based on these points, write down your goals. Here are a few tips on how to make it easier for you:

Now, you are ready to reach all your goals!

Following the plan

You have a plan of action - but how do you stay on track? There are a few ways you can approach this task. Feel free to choose the method you are most comfortable with or combine them. 

Reaching your goals might be a difficult task, but it’s never impossible with the right mindset. Remember that your journey to the goal is just as important as reaching it. Be mindful of your own growth.


Share: Tweet this or Share on Facebook


Trading Psychology: What Makes You Lose Money
Trading Psychology: What Makes You Lose Money

All traders are different, but mistakes of psychological nature do not depend on gender or geographical factor. This allows us to highlight several of the most common problems...

Cognitive Bias That Can Affect Your Trading
Cognitive Bias That Can Affect Your Trading

A cognitive bias is a systematic flaw in reasoning that can lead to making wrong decisions while investing. A common maxim in investing is that "you are your own worst enemy"...

The Psychology Of Trading: How To Manage Your Emotions
The Psychology Of Trading: How To Manage Your Emotions

The psychology of trading is one of the cornerstones of success, ignoring it can lead to disaster. For example, Nick Leeson single-handedly...

How to be a Successful Trader? Tips to Improve Your Trading Mindset
How to be a Successful Trader? Tips to Improve Your Trading Mindset

You might have heard a lot of trading coaches say that a positive trading mindset is crucial if you want to achieve something in the trading world. Sounds unlikely, doesn’t it? But reality shows that trading mindset is...

It's all about your Trading Psychology
It's all about your Trading Psychology

As you prepare to start your trading day, what's the first thing that comes to mind? Is it your trading strategy? Are you thinking about different ways to minimize risk in the markets and boost your profits...

Five Trading Myths You May Believe Are True but Aren't
Five Trading Myths You May Believe Are True but Aren't

Want to know some truths about trading? Regrettably, the trading world is one of the spheres with many trading myths – things that sound like facts but are not...

Editors' Picks

FXCM information and reviews
ActivTrades information and reviews
RoboForex information and reviews
MultiBank Group information and reviews
MultiBank Group
Libertex information and reviews
Vantage information and reviews

© 2006-2023 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.