Goals and Expectations
In order to avoid disappointment or failure in Forex it is important to enter the market with realistic goals and expectations. This is not meant as discouragement. It is possible to be successful in Forex trading. However, it does not happen overnight.
The fact of Forex trading is that risk and reward are directly proportional.
What does this mean?
It means that the more you invest in a trade higher the profit you can make. However, there is no guarantee. It is called ‘risk’ for a reason. Forex market is highly volatile and so there is always the chance that the market might turn against you.
Why manage expectations?
Realistic expectations will allow traders to guard their account against big risks and trade in a manner that is sustainable and which leads to consistent growth.