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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.
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    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.
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    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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  2. #3311
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    Winning consistently in Forex requires a lot of efforts and dedication on the part of the trader,no matter how small your profits are as a trader if you keep on making it consistently with time you will definitely grow,the major problem most traders has is consistency with their trading,that is why they do not make enough profits.

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  3. #3312
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    If we can follow the chance to learn and build a strong system for ourselves, there is every opportunity for us to win consistently and have the right access to become successful. Winning here is important and we must be ready to work on every chance to develop and achieve our feet in forex. Taking the steps to manage risk is important because this will pave way for us to win consistently and get on to make the very best trade that can lead us to success most times.

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  4. #3313
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    We must identify the market trend and then use good risk management on trading. When you are use good trading strategy with good money management then its easy for you to make money with low risk. Discipline and patience is also important for traders because without these two things traders can never make money from this business.

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  5. #3314
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    We can be a successful trader provided that we are willing to do the right thing. Most of the times, a lot of traders don't get to become successful consistently because they have failed on doing the right thing which has to do with they learning how to trade the market and then focusing on just one trading strategy so as to increase their chances of being consistent with profitable trades.

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  6. #3315
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    If we can learn and understand this business very well and construct a good strategy and skills that's when it will be easy for us to trade and make money. If we are serious to make good earnings with forex, we should understand why we must plan on taking the chance which will determine successful trading. If we can follow measures to trade properly and can win consistently.

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  7. #3316
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    Before we can become profitable in the business, we need to take time to learn and master the strategy, because it will be more better when the trader has given time to the use of the demo account in learning, using just one trading strategy, I am sure that the trader will be able to have what it takes to become profitable. Winning consistently also takes a lot of discipline which is so much hard to obtain.

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  8. #3317
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    There are more chances for the traders to win consistent income from the well development of their trade systems. so, if we able to create own trading system that means we are taking step forward in the favor of earning profits through it so this is very unique and helpful way for consistently earn bigger profits.

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  9. #3318
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    It is impossible to win consistently in forex market without proper market knowledge, experience and good strategy. New traders has to learn many things and do a good trading practice till they start to understand when and how to enter the market. Traders should be patience and find the best entry point everyday and they will become consistently profitable.

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  10. #3319
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    Winning a successful trade is our aim and this is accomplished by having a good trade method for the whole process and with the power of good learning skills and our experience this might be possible to get the success as we are expecting so we need to have knowledge and more experience that helps more to wins profits a lot.

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  11. #3320
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    Quote Originally Posted by choaa View Post
    We must identify the market trend and then use good risk management on trading. When you are use good trading strategy with good money management then its easy for you to make money with low risk. Discipline and patience is also important for traders because without these two things traders can never make money from this business.
    check market volatility and news release from economy calendar to avoid taking unnecessary trades that might against our trading system. after doing full checks to market, then we can continue to next step of analyzing market trend with our strategy. change the time frames from medium to high ones to see any differences between patterns we can find in market to help us conclude what we are going to do with them. after that we can do the trade and follow market trend for better possibility to win.

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