Staying peofitable consistently

Feb 28, 2021 at 13:44
1,087 Views
19 Replies
Member Since Jul 19, 2020   298 posts
Feb 28, 2021 at 13:44
Staying peofitable consistently over a longer periods of time is the key. There have been traders who have lost their years of saving in a short streak of bad trading. Money management and psychology is the key to remain consistently profit over a long time.
Member Since Jul 19, 2020   751 posts
Feb 28, 2021 at 14:16
To earn consistent profits in forex trading is not easy considering the forex risk is very high. At the risk of it, so to be successful in forex we need to continue to learn and practice trading so well that would allow us to trade with the maximum. And have a good trading psychology is the key to get consistent profit in forex trading.
Member Since Jul 19, 2020   788 posts
Feb 28, 2021 at 14:36
Money management and risk management are essential to make a consistent profit. So every trader needs to maintain these things to make money.
Member Since Jan 11, 2019   147 posts
Mar 01, 2021 at 11:07
consistent here i dont think means regular profits. and i dont think that is even possible. but yes staying low key and practising always and applying good strategy is the key.
Member Since Apr 03, 2021   13 posts
Apr 22, 2021 at 10:53
You a are right with this. A consistency in profits can be difficult to achieve but it is not impossible and can even be a sign of success.
Member Since Mar 16, 2021   477 posts
Apr 25, 2021 at 00:51
It is not possible to become a professional trader without consistent profit. So every trader has to survive in the market with a consistent profit.
Member Since Jul 19, 2020   751 posts
May 08, 2021 at 13:55
To make money by forex trading, you needs good knowledge, expertise and a mind that may control feelings. You have to learn it first. Go to education section of this website and begin reading it.
Member Since Apr 03, 2021   28 posts
Jun 01, 2021 at 12:07
I really don't know how to achieve that consistency yet. I mean it is not a piece of cake right.
Member Since Sep 12, 2017   238 posts
Jun 01, 2021 at 16:37
it is almost like impossible to be 100% consistent. And if one does reach their it will cz of extreme hardwork
Member Since Apr 01, 2020   231 posts
Jun 02, 2021 at 00:13
Before starting it is necessary for every trader to practice with a demo account to become successful.
Member Since Mar 16, 2021   477 posts
Jun 02, 2021 at 00:41
UweMoench posted:
To make money by forex trading, you needs good knowledge, expertise and a mind that may control feelings. You have to learn it first. Go to education section of this website and begin reading it.
Yes, you are right. If you want to be a profitable trader, you need to maintain discipline.
Member Since Mar 28, 2021   617 posts
Jun 02, 2021 at 10:38
Making money consistently is the key. This is where everyone struggles. It happens due to lack of enough skills and experience. Traders should focus on developing skills.
Member Since Jun 02, 2021   9 posts
Jun 02, 2021 at 11:16
Dictiony posted:
Before starting it is necessary for every trader to practice with a demo account to become successful.


I second that. Demo demo demo is the only way to get consistent
Member Since Jul 19, 2020   751 posts
Jun 03, 2021 at 07:13
@Dictiony Yes demo trading is important. But one should treat demo trading like live trading. You have to take it seriously. Before opening a trade Think what if it was real money, would I take this trade?
Member Since Mar 28, 2021   617 posts
Jun 06, 2021 at 06:46
It is possible to be benefitted from losses if we can it as a lesson. Every loss is a lesson. Traders use journal to keep track of their past trading mistake so that they can learn from their mistakes. Learning from mistakes is the best learning.
Member Since Jul 19, 2020   751 posts
Jun 06, 2021 at 06:59
Discipline is the first you should practice if you want to be a successful trader. All the successful traders on the planet are disciplined traders. They may have distinctive trading techniques however one thing is normal which is they are restrained. Taking in the market and being control is trading is the way to accomplishment here.
Member Since Mar 17, 2021   536 posts
Jun 07, 2021 at 06:08
Akasuki posted:
Making money consistently is the key. This is where everyone struggles. It happens due to lack of enough skills and experience. Traders should focus on developing skills.
Making money consistently is a tough task. You need proper planning to make consistent profit.
Member Since May 27, 2021   16 posts
Jun 07, 2021 at 06:53
Consistency is really hard to achieve. It take years to become consistent. Practice is the only way to it though.
Member Since Jul 19, 2020   751 posts
Jun 07, 2021 at 11:25
Learn before you invest your money in forex market. Forex trading requires specific knowledge and skills. You can not make money just by coming into the market. Another advice is choose your broker wisely.
Member Since May 27, 2021   64 posts
Jun 08, 2021 at 07:06
To stay profitable consistently, trade with discipline, have a trading plan & journal to track your trades consistently and manage your risk on every single trade.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.