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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. #3471
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    To earn consistently we have to move a long distance and at every step we should learn something new about the Forex market. It is not that we being to have good times right from the day we start trading in the Forex market, we need to go through tough times too. It is true that experience is must to earn but it is also true that all people having experience dont really earn well in Forex.

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  3. #3472
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    I see. Discipline become the foundation for traders to trade properly where they will always follow the rules for trading. And in this case, traders will implement the trading forex strategies with good reasons behind it. Traders with stable psychologies will have bigger chances to trade and naje profit cobsistently and even make the success. And even psychologies factors meet almost 75 percents and give the roles at our trading forex

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  4. #3473
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    This is not easy for every trader to approve success consistently without any touch of losses with it because in the forex market every trader cant easily avail the chances of success so to get the secure winning is held by taking the better trade systems and learn them also well for getting better results and approve success surely .

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  5. #3474
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    Quote Originally Posted by mr.big View Post
    I see. Discipline become the foundation for traders to trade properly where they will always follow the rules for trading. And in this case, traders will implement the trading forex strategies with good reasons behind it. Traders with stable psychologies will have bigger chances to trade and naje profit cobsistently and even make the success. And even psychologies factors meet almost 75 percents and give the roles at our trading forex
    discipline is a good attitude when a trader is able to consistently follow each and every rules in their trading system and trade properly with that. it is obvious to see how traders can manage their trading to earn consistently because they have such a good habit to be a discipline trader. maybe some of our rules inside our trading system gives us couple errors during our analysis and trading but that does not matter, we can fix them in no time.

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  6. #3475
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    We need a reliable and effective system. So my take for traders is for them to build up a high quality means of trading good and develop themselves in a better profitable measures that would help their trade. Earning here is important and as long as we take our time to practice good and realize great system, we can sure get to earn in this business and maintain a good consistent profits.

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  7. #3476
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    To trade and win consistently in this market we first need to develop a very strong trading method that can give us more winning trades than loses. Once that is achieved we then need to work on ourselves on our emotions, patience and how to trade with strict discipline,once we can do these things we will succeed in this market.

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  8. #3477
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    The first thing one should put in mind when they that way want to win consistently in forex trading business is that one should look at trading with a good trading strategy. One should be disciplined and one should also that way not to start keeping unrealistic expectation about the market. Those things can help a trader get good trading idea and start making consistent money from the market.

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  9. #3478
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    The right system is what we need to have because it's with the very best system that we can have a great standard to make constant profits in forex. We must look on the chance of creating a winning system because it will give us the possible means to make good and stable profits from forex. If we are rooting to win big and have a great trading in forex, we must never rule off the possibilities of trading greatly in forex. We can always work on our trade and get on to build a capable system that can develop us.

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  10. #3479
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    Quote Originally Posted by lucy View Post
    This is not easy for every trader to approve success consistently without any touch of losses with it because in the forex market every trader cant easily avail the chances of success so to get the secure winning is held by taking the better trade systems and learn them also well for getting better results and approve success surely .
    It might not be easy to make success in the market, but it is possible, the possibility is what we should be looking towards. This will give us the opportunity and zeal to make the necessary training and evaluation to help us achieve the success that we want in the market. I am the kind of traders that are always optimistic in the market, all i need is good experience to trade.

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  11. #3480
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    Quote Originally Posted by putih View Post
    We need a reliable and effective system. So my take for traders is for them to build up a high quality means of trading good and develop themselves in a better profitable measures that would help their trade. Earning here is important and as long as we take our time to practice good and realize great system, we can sure get to earn in this business and maintain a good consistent profits.
    to get that system we must work hard to get it. internet may provide almost anything we need to know and learn especially about forex market. it is only profitable to give traders something in good result after we have spend longer time in learning and practicing with our strategy. i can not assure how to get consistent winning in short term trading because most traders can do it well after years of trading.

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