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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. #3441
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    I know that all of us have come to trade the market for the reason that we want to make it, we will have to do all those things that can support that aim. To make it is to make money consistently, and to do that, we will be looking towards the brighter side of training. With the right training, we can get to know how to trade through experience, this will go far in making certain that we trade well.

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  3. #3442
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    There are basically some things that we can do as traders if we want to win consistently but as long as we are impatience, we should forget about that happening, consistency is the goal that every forex trader is supposed to achieve but unfortunately this has become quite difficult because we are not found in the habit of doing the right thing.

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  4. #3443
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    You cannot win consistently when you don't understand that money management is something that you should trade with, this is why it is always difficult to make money for many people, consistency is not simple, you should not always trade when you know that you have not obeyed your strategy, that cannot lead you to earning consistently, rather it would cause losses.

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  5. #3444
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    Once you can keep to being disciplined then you can maintain good trading consistent profitable trades. The traders that often fails at being disciplined and following rules, they are the ones that can't be consistent with the market. It is hard to succeed in forex trading market but the best key to success is following just one trading method, the one that makes you money.

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  6. #3445
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    To having the better experience and lot of potential to trade better and having the practices and lot of information we can definitely approve own success safely an securely because on the basis of experience and through the power of learning we will avail the chances of success and earning through it is also the better way with take the better experience and information completely .

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  7. #3446
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    I agree with you because there is lot of risk involved in this market if we are trading with it , we must have to make our trade and have successful plan , working in market will give trader good plan and also we have good results in trade ,to win consistency in this market we have to trade with the best plan .

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  8. #3447
    Trader Goldenstein's Avatar
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    Quote Originally Posted by Toyen View Post
    I know that all of us have come to trade the market for the reason that we want to make it, we will have to do all those things that can support that aim. To make it is to make money consistently, and to do that, we will be looking towards the brighter side of training. With the right training, we can get to know how to trade through experience, this will go far in making certain that we trade well.
    traders should not expect to make money for their first time in the business because they need to know how to keep their mind clears without rushing themselves to learn things fast. we may have different limitations while we are learning and to help us remember what we have learned, we better doing it steadily. keep in mind that patience gives better confirmation to lead us into good timing of trading with less risk to lose.

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  9. #3448
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    This type of strategy totally depend upon our trading style or method without getting strong signal about these both thing well you should not make everyday good profit or loss from it. Consistently profitable strategy always determine the trader experience and knowledge without take these both thing well trader does't get success on it.

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  10. #3449
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    Winning consistently have more than just the use of good money management but one of the key thing that will ensure that you consistently make money off the field of forex market is whenever you are willing to get to start developing an effective trading systems and master it over time, above above all we must make sure that we are disciplined enough as to start using it consistently too. Most times we find ourselves trying to change the trading methods we are using when we would have used it the same way and master the field of forex market over time.

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  11. #3450
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    Quote Originally Posted by Leonvic View Post
    You cannot win consistently when you don't understand that money management is something that you should trade with, this is why it is always difficult to make money for many people, consistency is not simple, you should not always trade when you know that you have not obeyed your strategy, that cannot lead you to earning consistently, rather it would cause losses.
    I agree with you. Money management is very important in order to earn money consistently. Traders should be able to accept little losses if they see that market turns against them and change the trading direction and earn money from the new direction. If trader will keep losing order opened so he will have more losses instead of profit.

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