How to win consistently profitable in Forex trading?
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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.
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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.
    my copy.jpg

    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.
    risk.jpg

    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.
    forex-trading-plan.png

    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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    This is a very good thread and giving us a very good information about making a good trading strategy for our business you have sensed right that the risk management and money management use would be so much necessary to earn in forex a good mastery in trading a good trading plan working also required. Discipline also important to carry on within regular good habits.

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    Thanks,my mate.

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    Quote Originally Posted by Khimi234 View Post
    This is a very good thread and giving us a very good information about making a good trading strategy for our business you have sensed right that the risk management and money management use would be so much necessary to earn in forex a good mastery in trading a good trading plan working also required. Discipline also important to carry on within regular good habits.
    in my opinion in this field not have any strategy that traders apply on this and then they just only get a profit it is impossible in my opinion if you want to do that kind of then you have to go to learn a demand and supply and also to learn fundamental trade,cause in technical it is not possible for every trader who want to get always profit....

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    Quote Originally Posted by AbdulIslam View Post
    in my opinion in this field not have any strategy that traders apply on this and then they just only get a profit it is impossible in my opinion if you want to do that kind of then you have to go to learn a demand and supply and also to learn fundamental trade,cause in technical it is not possible for every trader who want to get always profit....
    good trading strategy profitable for us and trader use good opinion and trader use learning and trader learn the fundamentals and trade use technical analysis and trader find good profitable trading system and trader always make profitable trading and trader win consistently profitable forex trading and make good information about business and make profit

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  6. #6
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    Quote Originally Posted by fatima128 View Post
    good trading strategy profitable for us and trader use good opinion and trader use learning and trader learn the fundamentals and trade use technical analysis and trader find good profitable trading system and trader always make profitable trading and trader win consistently profitable forex trading and make good information about business and make profit
    a good trading plan which resulted into good choice of strategy and enable us to do our best by following the rules pf the trading business ,no doubt the best understanding about risk management and the ability to make good decisions that can helps you to make the good help by the use of indicators and can make a consistently profitable trade.

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    Indeed you have tried with what you have shared with us.I see this thread of yours as very educative in the sense that you have also included screenshots to show us in a clearer and precise manner.Truly there is risk in everything like you have said and if we know what we are doing money can be made from this business consistently.Nice thread.

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    Discipline is one of the main thing traders needs to get to make money consistently from the market. The mastery of the trading strategy could be done and that way, one could know the strategy, but on mastering the act of being disciplined, that is the reason why most people do loss their money even when they have the best strategy.

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    Quote Originally Posted by sharegistFX View Post
    Discipline is one of the main thing traders needs to get to make money consistently from the market. The mastery of the trading strategy could be done and that way, one could know the strategy, but on mastering the act of being disciplined, that is the reason why most people do loss their money even when they have the best strategy.
    YES, we can earn the reasonable amount if we will trade with discipline and can grow efficiently, I would like to suggest that we should use the proper risk and money management, never trade blindly, always use the stop loss method in order to earn the consistent profit, I am trading since long and I always tried to do forex with proper ways and I am enjoying forex trading being a disciplined trader.

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    Quote Originally Posted by Azka View Post
    YES, we can earn the reasonable amount if we will trade with discipline and can grow efficiently, I would like to suggest that we should use the proper risk and money management, never trade blindly, always use the stop loss method in order to earn the consistent profit, I am trading since long and I always tried to do forex with proper ways and I am enjoying forex trading being a disciplined trader.
    I agree with you proper risk management and money management is very essential step to get success here because we should have good knowledge to minimize our risk and we should improve or abilities in term of learning because if we have good learning abilities to make success we can make huge amount with our successful strategy.

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