How to win consistently profitable in Forex trading?
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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.
    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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    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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    If we want win in this business every day then we must need good trading skills with good experience because we cannot get success in this business without it. If we do trades in good way then every thing is possible for us. We must need trade with very care and proper planning. We must need use small lot size with good risk and reward ratio then every thing in forex is possible for us.

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    [lang=ar]what a nice thread friend , all elements you said are essential to win in the market and make money , discipline is important and being master is important , but the plan is the most important , if have an obvious plan in the market you will make money , means you know what are you doing , how you analyze the market and what trades you will pick and how you will manage this trades is the key of success in the market[/lang]

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    There are rules which one has to stick to if they want to make money from the market. Most of the times, people are going to loss their money when they are not doing the right thing in the market. Making consistent money from the market means understanding the right time frame to be used and then the strategy has to be apparently what has been learned from the higher time frame.

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    Quote Originally Posted by sharegistFX View Post
    There are rules which one has to stick to if they want to make money from the market. Most of the times, people are going to loss their money when they are not doing the right thing in the market. Making consistent money from the market means understanding the right time frame to be used and then the strategy has to be apparently what has been learned from the higher time frame.
    Losses will be result of our bad habit and our bad planing so if we want to get used more trading results we work for make good trade which will be safe and which give us more profitable trade which we get used for profit maximization and we will do our best to get sustained results from our trading .

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    Yes we can say sir that most of time we lose because we don't able to work with a good plan or we have so many bad trading habits which can make us mostly loser in this market of forex. For the profitable trading it would be much important to undersatnd the term planning here when our planning will be strong t hen the chances of losses and trading mistakes will be less there.

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    Yes, i love this very much and one of the major reason many of us could not make money from the market is because we do not set our priority right, most of the time we are looking for one excellent trading strategy or method that will help us to make a lot of money from the market, some of us believe so ,such in the trading signals we get free of charge, some of us even went as far as buying some of them at very expensive rate with the believe that they will make more money from us, but at the end of the day, we become worse from where we have began. Most of the factors you mentioned here are things that can help us achieve success in the market and they includes DISCIPLINE,PLANNING,RISK AND MONEY MANAGEMENT AND MASTERY. If we can work on these four trading principles, we will have a better results that when we struggle to make some indicators or some trading signals to work.

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