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Thread: How to win consistently profitable in Forex trading?

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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. #3461
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    Quote Originally Posted by biru View Post
    Forex earning is never be easy that is reason its must for us to choose a indicator which can help us to earn consistent profit every day. For this purpose we must choose a indicator that is give us clear market direction and your indicator which is based on higher high and lower low strategy is definitely fulfill all of these requirement.
    most people proved that indicators can not give clear direction of market because they are always late. i can see that coming because indicators are following market movements and always repaints. no wonder why there are many traders who changed their main strategy from indicators to price action like myself after indicators could give what traders are looking for to analyze market correctly in trend with good timing. consistent winning is only possible to do when traders can manage themselves to follow their strategies and make huge performances that is actually giving them profit from market.

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  3. #3462
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    Quote Originally Posted by biru View Post
    Forex earning is never be easy that is reason its must for us to choose a indicator which can help us to earn consistent profit every day. For this purpose we must choose a indicator that is give us clear market direction and your indicator which is based on higher high and lower low strategy is definitely fulfill all of these requirement.
    Yes Forex trading is not easy trader has to do hard work for getting success.Many trader avoid to use the indicators because some time indicator provide fake signal about trend.Demo accounts are very helpful for trader for the purpose of knowledge and testing a strategy.For winning consistently trader should do the proper money management and trade the trend.

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  4. #3463
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    This market would give us the chance to earn well here and for us here building a winning system is what can bring about the chance for us to enjoy more profits from our trade. We need a good system if our goals is to win consistently so we should put in great time to learn and understand the very need to which we must trade well if we are to earn. A profitable trading can help so much and with forex we can come up with the chance to which we can build a system that can enable us earn always.

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  5. #3464
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    Quote Originally Posted by Killer_Queen View Post
    most people proved that indicators can not give clear direction of market because they are always late. i can see that coming because indicators are following market movements and always repaints. no wonder why there are many traders who changed their main strategy from indicators to price action like myself after indicators could give what traders are looking for to analyze market correctly in trend with good timing. consistent winning is only possible to do when traders can manage themselves to follow their strategies and make huge performances that is actually giving them profit from market.
    I agree with you. Indicators use only past data and they can not show you the future movements. The best trading strategy is price action and many experienced traders do not use any indicator because they can see everything on chart. Indicators can be only additional helpful tool but not the main thing for trader to make decision.

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  6. #3465
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    We all wants to make money consistently from the business but then there is always that learning that we need to get done before any success can be obtained from the business. Winning consistently is more like an habit. In such a way that the trader have to build and master that trading habit for success to be possible. If you want consistent earning, then be patient, follow the context that you understand the more.

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  7. #3466
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    We being able to have the consistent winning in forex trading market is one of the best things that can happen to us in the business. but just to be prepared, we need to also know that some times that we should expect the losses as well, therefore when it occurs, know that it is nothing wrong with your trading strategy but then, just the way the market works.

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  8. #3467
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    If any trader looking for fast earning in this market so he will surely face losses and troubles ,because we are self prepared only if we have learn step by step and we have good ability to trade if we have understanding about market we should always have to make our plan very well and we develop own strategies to get better trade results .

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  9. #3468
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    We can win success constantly if we are follow the better trade systems so this is important for every trader to get the better success with using the better ideas and proper plans that help to maintain success by working in the right manners and earning success very progressively and get the suitable winning powers also through it.

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  10. #3469
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    Winning consistent profits is a big deal that related to the profitable strategies only so if we take the better trade systems and also we have the better experience we can easily continue the success in the easy way and through the better skills of knowledge well and with using the better strategies will favor us to get success surely .

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  11. #3470
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    To make consistent profit we need to spend time to learn how to trade and ensure that we develop a strong strategy on the demo account before we start to trade, trading on the live account won't be profitable, if we do not first spend time to practice on the demo account and develop a strong strategy and a good trading skills.

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