HFM information and reviews
Octa information and reviews
FXCC information and reviews
FxPro information and reviews
FXCM information and reviews
Vantage 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


Transforming Tension into Triumph: Mastering the Mindset for Effective Trading
Transforming Tension into Triumph: Mastering the Mindset for Effective Trading

The psychological landscape of trading financial markets is both complex and nuanced, requiring not only technical acumen and strategic prowess but also a mastery over the inner game...

The Trader's Mindset: Addressing Stagnant Profits
The Trader's Mindset: Addressing Stagnant Profits

In the dynamic world of trading, a trader's mental equilibrium is pivotal to decision-making and consistent profit growth. Here, we delve into the essence of trading psychology, the prevalent psychological barriers traders face...

Psychology Of A Trader: How To Deal With FOMO?
Psychology Of A Trader: How To Deal With FOMO?

Have you ever caught yourself in a situation where you feel anxiety over the fear of missing out on a specific trading opportunity?

In the red: How color affects a trader’s behavior
In the red: How color affects a trader’s behavior

Have you ever wondered how the colors on the chart affect your trading? Color has a powerful effect on our psychology and emotional state. The psychological effect of color...

Learning and personal development in trading psychology
Learning and personal development in trading psychology

Trading psychology refers to the study of human psychology and the way it can affect trading behaviour. It is considered a key contributing factor to determining trading outcomes, positive and negative, because of its influence on decision-making...

Empowering Women in Trading
Empowering Women in Trading

The celebration of International Women’s Day often places emphasis on the need for greater gender equality, and empowerment of women. However...

Editors' Picks

MultiBank Group information and reviews
MultiBank Group
FP Markets information and reviews
FP Markets
XM information and reviews
Just2Trade information and reviews
AMarkets information and reviews
IronFX 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.