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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. #3321
    Trader Toyen's Avatar
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    Quote Originally Posted by Risk management View Post
    There are more chances for the traders to win consistent income from the well development of their trade systems. so, if we able to create own trading system that means we are taking step forward in the favor of earning profits through it so this is very unique and helpful way for consistently earn bigger profits.
    I believe that the market is neutral, it can give traders huge money as much as possible. But the issue is how the trader is working with the market. The market is not the playing ground the way some traders are taking it, it is an effectual place for good work, we have to give the market all what it takes so that we can get to make it big through it.

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  3. #3322
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    Its purely neutral for all the trader that is the reason that only those trader will get success who have learning our trick does not work here , so if we want to have good results we must gone through the learning process which will help trader to make our plan better and helpful to get success in long run .

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  4. #3323
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    Mastery is the key thing that is needed in order to become good and profitable forex trader and when we have really mastered our trading skills so well and have used it to master the field of forex trading so well too then making money would become easy when we have enough time to always follow what we have been doing well that have made us money in the past. So it calls for consistency in following our trading system and discipline in sticking with good money management in all our trading accounts.

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  5. #3324
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    The technical methods are the best measn for trading in the real market because these strategies could be held on the long time frames and i love to trade with the long term methods that is the best option for me to work with good skills with them so i really appreciate the working of these strategies which are most valuable for working rightly .

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  6. #3325
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    For winning consistently in Forex trader must have good knowledge and trading strategy Forex trading is not easy trader has to do hard work for getting success. Demo accounts are very helpful for trader for the purpose of knowledge. For winning consistently in Forex trader should choose the good strategy and trade the trend.

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  7. #3326
    Trader ola4real's Avatar
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    Quote Originally Posted by Penuelophir View Post
    Mastery is the key thing that is needed in order to become good and profitable forex trader and when we have really mastered our trading skills so well and have used it to master the field of forex trading so well too then making money would become easy when we have enough time to always follow what we have been doing well that have made us money in the past. So it calls for consistency in following our trading system and discipline in sticking with good money management in all our trading accounts.
    I like the situation where i can trade forex field peacefully, that will go a along way in helping me as a trader. We can not get to make our success if we did not give the market all what it takes. We can learn and get to return back to the learning over and over again if we are serious to trade forex field correctly. That will give us opportunity to construct our forex system who is better.

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  8. #3327
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    It's so important we have a great measure to trade this market and know how we can build up a winning trade that can help us here. Forex is a profitable investment and what we should be ready about is to work on our goals and see we make the best profitable trading in time. A winning trade requires a strong and capable system and from the demo account, traders can have the chance to create a working system that will surely bring constant profits.

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  9. #3328
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    Consistent profit does not mean that traders do only winning trades and no losing trades or traders are in profit everyday and traders do not have any bad days. Consistent profits mean that traders are profitable in long period. For example every week or every month. Traders must have consistent profits if they want to survive in market.

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  10. #3329
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    This is the most always asked question because winning consistently is what make a successful trader. Many traders win trade but few are consistent.Consistency requires good strategy and Patient that means that means you only going to take trade that meet your rules and wait patiently for it.Patient is the key no hesitation, once you get it that's it

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  11. #3330
    Trader Azis Muslim's Avatar
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    Quote Originally Posted by Osas Lugard View Post
    This is the most always asked question because winning consistently is what make a successful trader. Many traders win trade but few are consistent.Consistency requires good strategy and Patient that means that means you only going to take trade that meet your rules and wait patiently for it.Patient is the key no hesitation, once you get it that's it
    I am thinking it is all related to the way how traders keep their trading performance with money and risk management because these are the main things we must have before we can earn safely and consistently from market. Having a good trading strategy is not enough because it tells us what to do but does not tell us how to manage our risk and reward. Being a consistent trader with better earning is possible only after traders can combine both their managements to the strategy.

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