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Making consistent money

Jan 17, 2021 at 11:40
2,622 Views
62 Replies
Member Since Jul 19, 2020   751 posts
Jan 17, 2021 at 11:40
Making consistent money is possible. But for that you have to skilled enough. It's not a game for kids. You have to give time and dedication for learning. Some people think learning means combination of some indicators. If this happens, do that. But learning is not just getting familiar with some ready-made strategies. It's more than that.
Member Since Jul 20, 2020   298 posts
Jan 17, 2021 at 13:41
Proper Money Management and Risk Management should be maintained to make a consistent profit. You can maintain 1: 2 risk rewards for consistent profit. It will have the ability to cover losses.
Member Since Jul 23, 2020   869 posts
Jan 17, 2021 at 17:28
LeviSievwright5 posted:
Proper Money Management and Risk Management should be maintained to make a consistent profit. You can maintain 1: 2 risk rewards for consistent profit. It will have the ability to cover losses.
To make consistent profit traders need profitable trading strategy and discipline.
Member Since Jul 19, 2020   298 posts
Jan 20, 2021 at 12:20
For consistent earning in forex trading, one needs to be skilled and experience. Price always change it's pattern. If you are not skilled enough, you are gonna lose money.
Member Since Dec 15, 2020   13 posts
Feb 16, 2021 at 05:12
Yes, an effective skill is required for making money in forex trading. It can be combined with the right knowledge for any success.
Member Since Jul 19, 2020   298 posts
Feb 16, 2021 at 07:28
Without spending a long time it is not possible at all to lead a healthy trading life with certainly, because the success in this market is related with long term process. But practically mostly traders in particularly the newcomers try to make success very rapidly and fall a great loss when trading practically.
Member Since Dec 15, 2020   16 posts
Feb 19, 2021 at 04:42
Yes, consistent profits can be difficult but it does not seem to be that impossible. There is a lot that goes into it.
Member Since Jan 21, 2021   48 posts
Feb 20, 2021 at 09:25
Earning consistent money is possible in trading but only for those who are willing to put their effort and time into it. It demands patience, discipline, knowledge and experience to pull money from the market.
Member Since Jul 19, 2020   298 posts
Feb 21, 2021 at 11:59
For making profit with consistency we the traders have to depend on our trading strategies that we select according to our trading experience, for creating a successful trading strategy we have to make first of all the proper money management policy , otherwise that’s not possible at all to make profit despite of good trading approach .
Member Since Jul 23, 2020   759 posts
Mar 30, 2021 at 15:55
I think to make a consistent profit trader needs a proper trading strategy and discipline to maintain it.
Member Since Jun 26, 2020   327 posts
Apr 01, 2021 at 05:07
consistency is the main challenge at any sector even real life ,
we the traders first of all have to develop all trading habit if we want to bring profit consistently.
Member Since Aug 11, 2017   886 posts
Apr 01, 2021 at 05:24
profit in Forex is a regular task but need a long term experience with more information , and besides this of course we have to make sure good money management.
Member Since Sep 22, 2018   70 posts
Apr 01, 2021 at 09:37
risk management is more important then a strategy
Member Since Mar 28, 2021   617 posts
Apr 01, 2021 at 13:17
Most people can make some random profit trade. But making money consistantly is the toughest job. It requires good understanding of the market and a sound and composed mind.
Member Since Feb 08, 2019   57 posts
Sep 28, 2021 at 10:06
No substitute fo time and practice on the charts.
Member Since May 27, 2021   57 posts
Sep 28, 2021 at 10:33
A trader should know that consistent money can only be made after consistent learning and practice.
Member Since May 27, 2021   64 posts
Sep 28, 2021 at 11:04
REB_FX posted:
No substitute fo time and practice on the charts.
Agreed Rachel!
Member Since Dec 09, 2013   139 posts
Sep 29, 2021 at 09:08
UweMoench posted:
Making consistent money is possible. But for that you have to skilled enough. It's not a game for kids. You have to give time and dedication for learning. Some people think learning means combination of some indicators. If this happens, do that. But learning is not just getting familiar with some ready-made strategies. It's more than that.
It is way more than that. Trading is not only about knowing the market, strategies, theories. It is all about applying things at the right time with right approach. At the end, it gets more psychological. Traders are to be mentally strong, which requires concentration, dedication, and motivation.
Member Since Dec 18, 2019   14 posts
Oct 07, 2021 at 17:58
Consistent profits are very important and hard to achieve. I feel that it is only consistency which indicates that a trader is skillful. There can be lots of luck in forex and some people may earn lots of money in short period of time.
Member Since Jul 20, 2020   399 posts
Oct 09, 2021 at 10:07
LucasRogers posted:
Consistent profits are very important and hard to achieve. I feel that it is only consistency which indicates that a trader is skillful. There can be lots of luck in forex and some people may earn lots of money in short period of time.

Very very true, everyone can have a lucky run. It is all about keeping the profits you make too that's where risk management is important with consistency
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