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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?
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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.
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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. #3341
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    This is a very difficult thing to do because you have yourself to deal with.because success in the market has to do with self development,its not in a strategy or in a holy grail trading system moreover that doesn't even exist.you need to be very discipline and learn to be patient for the right trade to come and you also need to be psychologically fit to be successful.

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  3. #3342
    Trader Senorita's Avatar
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    Forex is a profitable business and if we are hoping to succeed here we must understand the fact that earning consistently here requires great system that can enable us to make the right trade and increase our chances to which we can succeed with good wins. Traders here must learn to build a profitable system and get ready to see they can build a profitable trade. Consistent earnings is helpful and through learning we can develop a better trade.

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  4. #3343
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    To make money consistently in this business we have to make sure that we learn and get to understand everything about this business. Trading in the forex market without a good experience, skills and knowledge about how this market work it will be too difficult for us to trade, but with the right skills, strategy and knowledge we can make consistent profit.

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  5. #3344
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    Forex is a tricky business and we need to have positive approach for getting success. Keep in mind tha If we have plans to make consistent profits from forex, then I suggest we take the steps to build a system that is capable of minimizing loss and increasing our chances towards which we can make profits. In this business, its necessary we learn on this trade and build a system that will let us earn often.

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  6. #3345
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    Many times we are here in the market trying to improve our system and see that we can make consistent profits in forex. If we are hopeful to make profits here we should realize the chance for us here to win good and put up great time that can enable us trade for good. Consistency is good and if we can manage our trade we will have the possible ability to earn well. We should also try to understand the impact of strong management and see we can build a winning trade here.

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  7. #3346
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    In order to wins the profitable trade the most influencing factor is the use of a profitable trade strategy so as if it is stronger and very accurate then working on it will be very safe and reliable so winning consistent profits is not easy but we can make it easy by the power of a best trade strategy for the purpose of earning better trade results.

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  8. #3347
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    Having a good system that can help you follow a quality opportunity and give you the chance to manage risk will give you the possible means to win consistently in forex. Traders can have so much to earn from forex and building the best system will bring up value for us to make good profits. Here we should always understand that consistent wins is important and that will prove so much for us if we can take learning serious.

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  9. #3348
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    Quote Originally Posted by choaa View Post
    In order to wins the profitable trade the most influencing factor is the use of a profitable trade strategy so as if it is stronger and very accurate then working on it will be very safe and reliable so winning consistent profits is not easy but we can make it easy by the power of a best trade strategy for the purpose of earning better trade results.
    Consistency in the business requires more than a profitable strategy because we also need a strong psychology to maintain a calm mind during the analysis process to make sure there's nothing to bother us such as doubt or fear of loss. each analysis must be based on reasonable aspects we can get from market and from our strategy, it's not coming from others but from our own.

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  10. #3349
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    Only the profitable trade systems are valuable to earn the profitable trade in the outcomes so we should pay our attentions on the better strategies for working rightly and through the good skills and good learning about the better trade system and the control on the risks all important ways for increase the success rates .

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  11. #3350
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    Discipline and keep following the rules of the trading is the important and main thing to easily get the sources for winning lot of chances to win money from this market so we need here to make the right strategy and use of good knowledge and working skills will favor us to define the trade in the correct manners and earn money more easily from it .

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