The most wonderful time of the year is here! The time has come to say goodbye to 2018 and all its amazing or less amazing moments. How about make a fresh start and set a new trading strategy?
As Hal Borland, American author, journalist and naturalist, said: “Year’s end is neither an end nor a beginning but a going on, with all the wisdom that experience can instill in us.”
It is the time of the year to think about what you did wrong in order to fix it. Traders can examine in depth which trading decisions were not so good and review their current trading strategy.
So, design your trading strategy taking into consideration your experience until now and your wider plan for the new year. It is important every year to consider some basic disciplines for trading the Forex Market either you are a freshman or an experienced trader. Below you can find some…
START TRADINGSmall tips to plan your trading strategy for 2019
- Set goals, do not make resolutions. Your trading strategy goals must be both achievable and measurable. They must also be realistic. Your goals should be based on your performance, your available time for trading and the funds you want to invest.
- Forex Trading needs experience and commitment. It’s not a way for making quick money. Forex trading is more like a business and it can be a serious one. It has its ups and downs. You make and lose money while you improve your skills.
- Only trade money you can afford to lose. Take out the fear of losing money you cannot afford so you can focus on your trading skills.
- One useful tool which can help you to avoid the same trading mistake is to keep a trading journal.
- Do not hesitate to ask for an expert’s opinion or that of a more experienced trader.
- Before you explore your trading strategy for 2019, examine thoroughly your old ones to avoid mistakes and find out patterns.
- Focus on the process, not only to the profits. Don’t be greedy and do not let your profits take the decisions for you.
- Last but not least, actually the most important, choose the most Loyal, Quality and Devoted broker you can find in the industry: Trade with LQDFX.
And do not forget: New Year, New Goals, New trading opportunities!
PLEASE NOTE The information above is not investment advice.