Top 5 Forex Trading New Year 2019 Resolution & It’s Take Away

As an adept trader, you ought to be prepared for trades before they come. Wish you a happy new year 2019. You can start this year a step ahead of other traders. While everyone is busy making gym resolutions they won't maintain, you can keep your own set of Forex trading practices that you vow to follow! This year has taught us a lot, it is time to learn from those mistakes and better our approach. Forex trading has a trading value in trillions today and with disciplined practices; you can ace your trades.

Here are 5 Trading Resolutions to Follow in 2019:

Forex Trading Resolution for New Year 2019

1) Take Some Time Off: Let stress and strain be left behind in 2018! This year, focus on yourself, your family and friends just as much as you focus on trades. Taking time off is good for the body, mind and soul! Investing yourself beyond limits in Forex trading will lead to mental exhaustion and dim you out in the long run. 
 

2) Diversify Only As Necessary: Instead of jumping strategies and currencies, only diversify your approach when potential is seen in said action. Diversifying too much isn't healthy. While it is advised to place your eggs in different baskets, there is a predetermined limit to it. This 2019 focus your energy on being a master of a few than a jack of all.
 

3) Don't Settle For An Average Broker: Improve the standards of your trade by improving the brokerage you avail. Get yourself an agent who provides the best of platform, strategy and tips. Let not your trades are held down by poor brokerage the coming year!
 

4) Maintain a Trade Journal: Keep a brief or detailed note of the trades you participated in, and how they yielded. An underrated method in online share trading is to maintain a trading journal. When you have a clear idea of your past steps and their outcomes, you can repeat the profitable ones and remove the ones that didn't work well!
 

5) Let The Learning Process Never Stop: Never stop learning. Forex trading in India is no field that can be mastered overnight, or even in a year! Invest in studying markets and foreign exchange in itself. This is one investment that will bring in results consistently!
 

Let the coming year be filled with better trades, more success and a happier experience in Forex! Remember, making resolutions isn't important, following them is. Sign up with the ever-amazing broker WesternFX, and make sure all your goals are achieved! Equip yourself with the right professionals; we will ensure you hone your methodology and keep improving till you've reached the top! Call us today to start Forex trading in India!