Setting realistic goals is essential in Forex trading as it enables traders to maintain a clear mindset, stay motivated, and avoid making impulsive decisions that can lead to significant losses. Realistic goals help traders to: Stay focused on their trading strategy Avoid overtrading and reduce risk exposure Maintain a positive mindset and avoid emotional decision-making Stay motivated and committed to their trading plan By setting realistic goals, traders can create a clear roadmap for their trading journey, helping them to navigate the markets with confidence and achieve their desired outcomes.