HFM information and reviews
HFM
96%
FXCC information and reviews
FXCC
92%
FxPro information and reviews
FxPro
89%
FBS information and reviews
FBS
88%
XM information and reviews
XM
86%
NordFX information and reviews
NordFX
86%

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.

#source


RELATED

How to overcome fear and frustration in Forex trading?

Brett Steenbarger, Ph.D., is an author of many popular books on the psychology of trading. He also coaches...

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...

Mastering Trading Psychology: A Tale of Two Traders

Trading psychology is a critical yet often underestimated aspect of trading, and its impact can be the difference between success and failure. To shed light on this topic...

Psychology of trade profit targets

Closing the trade at the most favourable price level is equally as important as getting into the trade at the right time. In the end, the price level...

Top Five Attitudes of Successful Traders

Your attitude toward trading makes a huge difference in your success. What kind of attitude and thinking that's needed to become a successful trader? You should always...

5 Steps to Deal with Trading Losses

XPro Markets - Trying to find ways to overcome the feeling of losing? Keep reading to discover effective ways to regain your trading confidence...

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...

Why Forex traders lose money

Let's address the issue of losses, and ask ourselves why Forex traders lose money. Learn real statistics and actual reasons why forex traders lose money...

Trading, the business of opportunities

Globally, people are interested in business ideas that guarantee a steady source of income. It becomes more attractive if such ideas can be implemented at their...

Forex Trading Traps: 4 Tips How To Avoid Them

You open an order, the market goes against you, trading systems do not work, the order is closed by Stop Loss...

3 things you can do after a long day of trading

Did you have a long and exhausting day of trading? Then you need to find ways to rest your mind and body. Recharge your powers by taking advantage of quality relaxation...

How to Cope with Your First Failure on the Market?

If you've suffered your first loss trading, you may feel like giving up. But, remember, this is a turning point for you and your trading journey. Stop now, and you will...

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...

Know the Past to Create Your Future or the Brief Forex History

Where did Forex come from, and why we should know about its evolution? Global Forex market daily turnover hits $6.6t in 2020. Impressive, isn't it?

Becoming a pro: dialectics of studying

Every development process is particular to the one who is studying. The same applies to trading skills. Although all traders have similar objectives - becoming more...

How To Regain Your Confidence In Trading

After a big loss, confidence can be running low. Of course, there are many reasons why traders lose money, such as lack of market knowledge, a poor risk...

Behavioural Biases in Trading: How to Avoid Them

Financial economists like to believe investors make investment decisions based on the principles of rationality and optimising returns. However, in the real world, this simply isn’t true

Is trading mindset more important than trading strategy?

Strategy is very important for entrepreneurs and can help them make a profit. Many entrepreneurs often mistake strategy as the most...

Why Most Forex Traders Fail: Do You Have What It Takes?

Forex trading just like any trading is a lot about psychology. Do you know the most common pitfalls among failing forex traders? Do you have what it takes to become...

Human resilience: the lessons we took from the pandemic

Human resilience in the face of a public health risk and economic disaster does not mean that people haven't experienced difficulty or anguish...


Editors' Picks

How to Choose the Best Forex Advisor 2025

Key Factors to Consider When Choosing a Forex Advisor. Risk Management. Fees and Costs. Compatibility with Your Trading Style.

Automating Success: The Benefits and Risks of Using Forex Expert Advisors

This article explores the benefits and risks associated with using Forex Expert Advisors, providing insights into how traders can maximize their potential while mitigating potential downsides.

Best Forex Brokers 2025

By prioritizing factors such as overall rating, regulatory compliance, trading conditions and platform reliability traders can make an informed decision that aligns with their trading needs and aspirations, setting the stage for a potentially prosperous trading journey.

The Top Forex Expert Advisors 2024: Performance, Strategy, and Reliability Review

An annual roundup reviewing the most successful Forex Expert Advisors (EAs) based on their performance, strategies employed, reliability, and user feedback. This piece would provide insights into which EAs have been market leaders and why.

The Evolution of Forex Expert Advisors: Navigating the Path of Technological Revolution

The concept of automated trading has been around for decades, but the accessibility and sophistication of Forex EAs have seen significant advancements in the past few years. Initially, automated trading systems were rudimentary, focusing on simple indicators like moving averages.

Best Forex EAs – Forex Expert Advisors Rating

Expert Advisors (EAs) Rating features high-quality Free and paid Forex EA most popular on the market today.

Vantage information and reviews
Vantage
85%
FP Markets information and reviews
FP Markets
81%
IronFX information and reviews
IronFX
77%
T4Trade information and reviews
T4Trade
76%
Exness information and reviews
Exness
76%
Just2Trade information and reviews
Just2Trade
76%

© 2006-2025 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.