3 Ways to Align With Your Trading Goals

3 Ways to Align With Your Trading Goals

Hey everyone, thanks for stopping by again. In this blog post, I’ll be sharing 3 ways to align with your trading goals.

Define Your Goal

When you start trading, it’s important to define your trading goals. Knowing what you want to achieve is the first step. The second step is to lay out a plan on how to reach your goal. The third step is to align with it. Aligning with your goals means starting to do the things that will get you closer to achieving them. If following too many Forex pages is confusing, unfollow those that don’t add much value to your trading life and clean up your email subscriptions by unsubscribing from sites that are not in line with your trading approach.

Create a Trading Plan

Creating a trading plan involves establishing a set of rules that you will follow every time you sit down for a trading session. Creating a trading plan is easy, but sticking to it is what challenges most traders because it requires a high level of discipline. The Forex with Ntombi Trading Journal is designed to help you stick to your plan and develop discipline and consistency. You can get a copy instantly HERE.

After creating your plan, eliminate anything that distracts you. This may mean not discussing your trading with fellow traders or leaving certain groups to make trading a more personal affair, thereby increasing your focus.

Mind Your Personality and Lifestyle

Choosing a trading method that suits your personality and lifestyle is crucial. If you want to trade while managing a 9-5 job, business, or school, you cannot choose a method that requires hours of studying charts, as you won’t have enough time to focus. This will make you feel overwhelmed and frustrated. I’ve published a podcast episode on this topic, which you can listen to HERE.

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Economic News 19-23 August

Economic News 19-23 August

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Always keep in mind that the markets are not random; they are impacted by economic news. Integrating fundamentals into your day trading can assist in planning your trading week, reducing the time spent analyzing charts day and night, and enabling you to trade while managing your 9-5 job, school, or business. I’ve released a podcast episode titled “Why you shouldn’t ignore fundamentals.” You can listen to it here.

If you reside in South Africa, you are aware of the significant challenge we face with our electricity, resulting in daily load-shedding. During these power outages, the network is impacted, leading to occasional slow internet connection.

When you have incorporated the fundamentals, you can plan around them and ensure that you don’t schedule any trading sessions during that time. This is to avoid a situation where you find yourself stuck in trades. If you have been trading but only relying on technical analysis and wish to start incorporating fundamentals and learning how the markets work, enrol in my Fundamental Analysis Course, mentorship, and coaching.

Thank you for visiting! Check out our latest Podcast Episode and please share this post with your friends. Here is our weekly economic calendar.

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