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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. #3481
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    To win consistently in this market we need a lot of discipline and the trader must also have a very good trading strategy,that is the best way for any trader to be able to win very well in this market,knowledge is also very important with good knowledge then comes experience which is vital to success in this market.

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  3. #3482
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    Winning consistently in Forex is not easy trader must have good knowledge and trading skills then he would be able to trade easily and successfully.Demo accounts are very helpful for trader for the purpose of knowledge and testing a strategy..There are so many strategies in Forex for getting success trader should choose the long term strategies and trade the trend.

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  4. #3483
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    As long as we are able to follow the means to trade this market with the right system, we can be able to make consistent income in forex and can have the opportunity to enjoy unlimited profits. Forex is a profitable investment and building a profitable system would go a long way for us here. If we can take learning seriously we can establish to trade good and will however have the means to earn much better here. Consistent earning is important and its likely the way forward to establish our goals.

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  5. #3484
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    To win consistently in this market we will need a very good trading method to make it,without a good trading strategy it will be very difficult to succeed as a trader,a trader that is not very consistent in terms of winnings will definitely find it difficult to succeed in the market,consistency requires hard work.

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