Many recent forex traders all the time wonder how they’ll make more take advantage of their trading.

They try and set goals like attempting to grab specific numbers of pips per day or month.

I believe it’s higher to give attention to the method first, reasonably than the final result.

Certainly one of the downfalls of setting specific “pip goals” is that it causes you to get frustrated if you’re not hitting them.

You then tell yourself that you’re going to try harder. You follow each rule in your forex trading plan and you continue to find yourself losing money.

You begin to pay attention a lot on achieving the “goal” that you just lose sight of the particular step-by-step process you follow to profit more consistently.

Should this temporary setback stop you from sticking to your regular process?

NO. Especially not over a brief time period.

At the top of every trading day, don’t evaluate yourself by counting how much money you made. As an alternative, ask yourself:

• “Did I follow all my rules?”
• “Did I execute every trade that my system said I should execute?”

It doesn’t matter that you just ended up with a loss – but you now have to seek out out what mistakes were made and what you’ll be able to do higher next time.

In the event you answered “no” to any of those questions, slap yourself within the face. I’m kidding. Sort of.

In the event you don’t follow your rules, you’re setting yourself up for failure.

Define your process by writing down your trading plan. If it is sensible and matches your trading personality, you’ll eventually see the profits maintain themselves.