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

    How to win consistently profitable in Forex trading?
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    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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    Registered user famousfx's Avatar
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    There are many strategies traders in the Forex market are using, but despite of all we still need to consider some other thing for successful trading, trader must plan well his trades and make use of the plan .more so the following of all the rules of trading is also very necessary for a profitable trading.

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    i do really agree with the points above, then we see that psychologies factors become the biggest thing for traders which will lead them to implement the trading strategies or what the thing have been learned and practiced before is good or bad, then we get the right line at the market to follow the price,
    good skill and knowledge, also good money managements are still not enough before we support it with stable psychologies that will make us implement them consistently

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    To make money in the forex market consistently you need to have a good trading experience and strategy, you must have a good trading experience before you will be able to trade and make stable income, strategy is one of the thing we need in order to make stable income cause without a good trading strategy we can analyze the market trend properly.

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    Registered user YoyO_o's Avatar
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    to get to make money consistently we need a good strategy and also good money management. other than that we need a trading plan and create trading journal so we can learn from our last trade and always fixed our trading become better and better and we have to learn all that we can about this market ..so we can predict market right in Many in your time.then even with the exertion generally it is impossible to get out to be a continuous profit

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    We need to develop a good strategy before we can be sure of making good money from the market without a good strategy and understanding about the market no matter what you do you won't be able to make money consistently, the only way for us to make money consistently is to develop a good strategy and have good understanding about the market.

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    Quote Originally Posted by azaharul View Post
    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.
    yes mate discipline is one of the secrets of winning in forex . discipline by a strategy , money management . keep learning . trade on the demo . respect of the time of trading . keep your eyes on you goal . all of that make us successful in forex . many of new traders have problems with discipline . but trying to make yourself Disciplined .. nothing is impossible .

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    Quote Originally Posted by raxid View Post
    yes mate discipline is one of the secrets of winning in forex . discipline by a strategy , money management . keep learning . trade on the demo . respect of the time of trading . keep your eyes on you goal . all of that make us successful in forex . many of new traders have problems with discipline . but trying to make yourself Disciplined .. nothing is impossible .
    yes, there are many thing should be mastered well by us, besides knowledge and skill to read and analyze the market, also need to protect it with good money managements to minimize loses, and all the thing can be done well when traders have good mindset or stable psychologies that will make us do thinking clearly and always consider to trade safely. then the goals can be reached by us step by step
    for this parts, we can see that knowledge or skill, money managements and good psychologies become the secrets for us, and the points above are parts of this

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    To make profit consistently in the forex market you need to understand how the market work you have to construct and develop your own trading strategy or choose one and master it before trading in the market that is when you will be able to trade and make money in this market consistently.

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    Registered user Sixteen's Avatar
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    The most dream here is to win consistently and sure it's high time we have great minds to learn and work on a very great system that will sure help us to win more of the time in our trade. Forex trading is not easy and its only those who would work hard to minimize risk will surely help themselves to succeed good. So much more can be made with forex and adequate planning is really going to help us work on the means of earning well.

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    Registered user famousfx's Avatar
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    Thank you my brother , though it is common for us to be saying all we need to be successful here in the business of trading is knowledge and skill. but we still need to note it that our mindset also matter in this business, if we master the analysis of market and we do not have patience, probably because we need money, it may not work, we have to have the mind of softly trading of building our account bit by bit.

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