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Thread: How to win consistently profitable in Forex trading?

  1. #1
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    How to win consistently profitable in Forex trading?

    How to win consistently profitable in Forex trading?
    Attachment 20344
    Most of traders will think that achievement in Forex trading depends fully on the system or trading strategy you use. In fact, it doesn’t. What it actually depends on, the foundation upon which true winner as a trader is built is your mindset and psychology – how you think and feel about the Forex market and how you react to it.


    There are many websites trying to sell some indicators and robot-based trading system I won’t tell you this. Because of, they want you to believe in their products and that you could make money with them. That’s the source of most of the stories you listen to about trader who attempt Forex trading and lose money. They come into the market with unrealistic. They make a mindset that pressures them with the need to make a lot of money in short time and end up trading emotionally.

    Discipline
    At first you need to know is that trading is a discipline. It is a long-term game of probabilities, you will win some trades, you will lose on some trades. But as long as you a disciplined enough to fully stick to your trading strategy, to not be emotionally attached to your losses, or worse your wins. You will be apt to make more winning trades than losing trades and nit a profit.
    Attachment 20345

    Mastery
    You need to understand what your trading strategy and you need to expert on it. You have to know it inside and outside. Also, have absolutely no doubts about that the market needs to look like before you risk your money in a trade. You have to become a sniper. Once the market conditions match your strategy criteria then you should place your trade without hesitation.
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    Risk Management
    Always manage your risk on every single trade. The moment loosen your control above your trades. You allow emotion to steal in and before you know it, you are in a downward spiral of emotional Forex trading and losing trades. Only take risk the money you are prepared to lose in per trade. In fact, you should go in expecting to lose on any given trade.
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    Plan
    You need to be very passionate and always you have a trading plan and journal to track your trades. Think of Forex trading as a business rather than placing a bet in a casino or gambling. Invest with your calculator and not your heart and keep cool in your dealings with the market.
    Attachment 20347

    Conclution: There's risk in every trade you take, but as long as you can measure risk, you can manage it. Forex trading market is always risky .Never Let a Winner Turn Into a Loser.

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    Consistency in making profitable trades is actually what we want in forex and its a good one we know how to plan for the right system and develop a more better means to manage risk. Forex is risky and we should understand the need to work well on this trade and develop a more profitable system that will help us to win always. Forex trading requires patience and to win here and enjoy forex, we just woke to maintain a system that will help us to trade more and win much more.

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    Quote Originally Posted by Striker$ View Post
    To win in forex trading market we need to put in time and learn because the learning is that which we will need to succeed, consistent profits comes to traders that has discipline too, therefore if you don't have discipline you will loss, because such a disciplined trader is the trader that knows how to stick with the right risk management no matter the losses they are experiencing.
    Anything we want to achieve a good sound result from needs our tome in learning, like the forex trading business, we make money depending on trading skills and market understanding. Consistent profitable strategy or indicator is a result of constant learning, skills building and then gradually planning with the demo account. Making consistent money from the market takes the efforts of risk and money management.

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    Quote Originally Posted by Darkhorse View Post
    Anything we want to achieve a good sound result from needs our tome in learning, like the forex trading business, we make money depending on trading skills and market understanding. Consistent profitable strategy or indicator is a result of constant learning, skills building and then gradually planning with the demo account. Making consistent money from the market takes the efforts of risk and money management.
    We can win consistently in forex trading but some things are at stake before we can have such winning in the market, because, we don't want to trade with a wrong strategy and expect winning at all times or we don't want to expect winning consistently when we are always in a hurry to take trades, when we don't make sure we follow good money and risk management and also when we take trades with emotions, we can not win consistent with such attitude.

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  5. #104
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    we want consistant profit. My target is always simple because I have found out that the simpler the target, the easier it will be to achieve it. I only target 30 pips per transaction and most times, it hits my target over a few minutes.So trading based on prediction of the foreign exchange market movements is not sufficient , it should be coupled with any strategy like averaging , scalping or any control measures to avoid negative movement.

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  6. #105
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    It's a good trading decisions to really see we could win constantly in forex and we should help ourselves as traders to work on the means to improve and manage risk in forex. Winning constantly in forex matters very much in this business and would surely give us a more better timing to see we minimize risk and make great trade that we need. It's good we work towards money management and help ourselves to build a perfect system that will help us to improve on this trade always.

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  7. #106
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    Quote Originally Posted by Tonycee View Post
    It's a good trading decisions to really see we could win constantly in forex and we should help ourselves as traders to work on the means to improve and manage risk in forex. Winning constantly in forex matters very much in this business and would surely give us a more better timing to see we minimize risk and make great trade that we need. It's good we work towards money management and help ourselves to build a perfect system that will help us to improve on this trade always.
    A lot of us wants the constant winning, but another bigger question we need to ask is if we are doing what it takes to have the bigger winning, because mostly, if we are not making proper analysis, taking trades with discipline and patient mode, if we are in a hurry to always take trades, then we will likely fall for the market trap most of the times.

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    the important thing to make us have strong discipline is stable psychologies, that will give us the awareness for how to do something right and minimize the mistakes, then, i believe that psychologies factors become the keys for someone to stay properly for trading forex with follow the rules and consistent in profit, and so we see that psychologies factors has big roles till meet 75 % at our trading business or all business

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    Quote Originally Posted by mr.big View Post
    the important thing to make us have strong discipline is stable psychologies, that will give us the awareness for how to do something right and minimize the mistakes, then, i believe that psychologies factors become the keys for someone to stay properly for trading forex with follow the rules and consistent in profit, and so we see that psychologies factors has big roles till meet 75 % at our trading business or all business
    psychology involves all important matters about trading which make us stay focus on good progress and leave all the bad things behind. forex trading can't be done easily even if we have the best strategy in the world when we can't manage our psychology properly, the results would be in great failure. it says psychology take big part of success about 80% beyond strategy and others.

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    Last edited by Yayami; 12-23-2017 at 07:53 AM.

  10. #109
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    It's a good thing to think about winning because it's the main reason we considered learning about forex in the first place. To earn good money from forex consistently, we need to build a good system which can surely help us to trade good and give us more means to maintain a good trade. To keep it consistent in forex, money and risk manage must be compulsory and we must also build a trading plans that we must always stick to in trading. Emotions too must be managed while we learn to trade with proper discipline.

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  11. #110
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    in my thinking that the win consistently profitable in forex trading is a very hard. but you can do it. if you are get the complete knowledge and skill of the forex. you known that those are get the complete knowledge and skill. or those are professional trader. they are win consistently profitable. they are place the order according to the market trend. there daily base earning is good. they are able to change the life style.

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