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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. #21
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    Actually is very much possible for you to be able to win consistently in this business. For instance, am a scalper trader, who is in the system daily because i watch the movement of my trade and with that i was able to make good amount of money from this business on a daily basis.

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  3. #22
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    it is a good thread but we also know that market is very volatile so you can not beat the market consistently so how its possible to get profit consistently but it is also true that you can cut your losses by build a good strategy with a good risk to reward ratio in this way you can get your lose money back in just one trade more which you can lose in your previous trades.

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  4. #23
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    it is a very informative thread for those who can believe hard to forex that it can give money because they have no proper knowledge about this market these points which highlight in this thread is a key point which can becomes you a successful trader because it is a business for a smart trader who can work hard to make qualities of trades not for a gambler who can take a big risks always.

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  5. #24
    Trader Senorita's Avatar
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    For trader to be able to have a consistent wining with forex, what is needed is to create that particular trading system that can always help them to achieve their aims from this trade. Here what matters is working on a perfect system and also thinking about the right management that will surely help in minimizing risk in this business. Forex traders who follow the right means to trade good will build themselves in the very right way and sure achieve their goals of winning great trades.

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  6. #25
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    Success in the forex market is not very common before you can achieve success in the forex market you need to take time to learn and understand everything about this business, making money consistently in the market require a good trading system, and a good understanding about the forex market.

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  7. #26
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    following use with the customs of the good disciplines as managing works with the continuous evaluation to helps as improving decision with the future entrance to work with the business as gains of confirmation as deciding option to gains of returns with the secure of collection as managing risks with the plan of the trading.

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  8. #27
    Trader sniper007's Avatar
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    Quote Originally Posted by Eneregha View Post
    Success in the forex market is not very common before you can achieve success in the forex market you need to take time to learn and understand everything about this business, making money consistently in the market require a good trading system, and a good understanding about the forex market.
    It is not, any thing we want we have to work for, that is the way it works and in forex trading, we determine the success by hard working, there is no fast way to make money. I know the trading strategy will actually have a say on this, but then again, emotional conduct determines how consistent we can earn.

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  9. #28
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    Consistent wining always requires consistent learning and better plans to see that a good money management is followed diligently in our trade. Forex is not an easy business and when you do not make the best decisions to work on a better quality system that can help you to trade good, you will have a hard time to make success in this trade. Forex is good and better learning is sure going to help us earn success and give us great need to reach our goals in the right time.

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  10. #29
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    Consistent winning is very possible in the forex business but it comes with some certain conditions like you have rightly stated, the fact that most traders do fail in this business is a clear indication that many do not follow after the winning criteria of the forex market,Such as discipline, money and risk management, plan, understanding of the business and so on. Thee is no short cut to success in the forex business than to do the needful as it is stated.Many are having the wrong notion about the business and the approach they give to the business is from a wrong mentality which is the reason a lot are losing in the business.

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  11. #30
    Trader cutiekc's Avatar
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    The major important thing that will determine on how consistent we are when trading and the winning we get is simply how consistent we will be with discipline, it is so much important in all business we are doing and in forex trading, if we can keep to the amount we decide to risk, if we can keep to the right lot size and get out of the market when it is time to do so, then we will have long term success and all are known as discipline.

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