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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. #3401
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    Winning consistently is a discipline thing, one who wants to be in such a stage in forex trading shouldn't ever trade without making good analysis. One that wants to earn money most of the times should also apparently know how his or her trading strategy works, knowing the best time when to take a trade and when to ignore the trades.

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  3. #3402
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    First there is the need to became master in a working strategy while understanding them well and with the help of discipline and follow the rules of trading are matters a lot that define the trade process in the right manners so we need to master in all the basic concepts that are influencing for winning and with good learning we can avail the chances for success easily.

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  4. #3403
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    For winning consistently in Forex trader must have good knowledge and trading skills then he would able to get success.Learning is the most important thing for trader without learning a trader cannot easily get success.There are various strategies in Forex and every trader has freedom to choose any strategy for getting success trader should choose the strategy according to his trading skills and trade the trend.

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  5. #3404
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    If trader trades everyday so he starts to understand the market and earns money everyday. Everyday trading gives much of experience and knowledge how market works and skills are developed. If new traders want consistent profits so they have to trade every day and they will get experience and they will start to earn consistent profits.

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  6. #3405
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    Winning consistently in Forex requires some level of experience on the part of the trader,a trader that is not too experience will find it very difficult to make profits consistently in this market,because consistency is more than just having a good trading style,the experience of the trader must come to play.

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  7. #3406
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    We can make good money from the markets, but it won't be possible for us to make money always without loss, to make money consistently to me means making more than what we lose, that's what I refer to as consistent when it's come to forex trading, because it's impossible for us to make only profit in this market without loss.

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  8. #3407
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    To win consistently in this market we need a very good trading strategy,that is the first and the most important step that we need to take without a strategy we can not succeed. The strategy speaks volume of the trader approach to the market,consistent winning therefore requires building a good trading method.

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  9. #3408
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    It is true we never earn consistently from this market we get profit in all trade if we focus on quality of trade not quantity of trade it will be the reason for trader to face losses , like a trader who make 3 or 4 trade in whole week and a trader who trade with at least 30 to 40 trade a weak the difference must arises to win consistently with less trade most profitable .

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  10. #3409
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    We need three most basic things to win consistently - 1. A definite rules system, to keep us out of trouble; 2. Spend enough busy time in the markets - to gather experience and develop all kinds of necessary skills; 3. Developed intuition - to actually make the profits.

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    Wow. Much Forex. So Monies. Very Opportunity.Many Trade. So Amazed. Wow.

  11. #3410
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    We all wish to win consistently in the forex market, but the truth is that most people have more losses eventually, to win consistently is a mindset that we develop to control ourselves despite the losses that we make, meaning that we should avoid losses through money management and discipline, once these things are present, then our account will experience a tremendous growth beyond our understanding and imagination.

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