This article is taken from the free forex ebook Introduction to Foreign Exchange from GO Markets, in which the Golden Rules of Forex is laid down

There are a number of important rules to follow when you are trading in Forex, or any other market. Every strategy will involve different objectives and methods, but there are some key points to consider one of which is:

Have specific goals and objectives

Few things are more important to your trading success than having set (i.e. written) goals and objectives for what you are aiming to achieve. It is amazing how often we hit our targets, meet our objectives, and reach our goals only when we articulate them and write them down.

For any business to be successful it must have measurable objectives that are actually achievable. In trading (obviously) the primary objective is to make money, but it is important to have other objectives that are not purely cash-related.

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