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Staying peofitable consistently

Dictiony
Jun 02 2021 at 00:13
231 Posts
Before starting it is necessary for every trader to practice with a demo account to become successful.

LukeRachel
Jun 02 2021 at 00:41
465 Posts
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.

robindude
Jun 02 2021 at 07:54
103 Posts
LukeRachel posted:
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.

Agreed with this. It is also important to control your emotions - an important process.

Akasuki
Jun 02 2021 at 10:38
441 Posts
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.

doughnuts
Jun 02 2021 at 11:16
9 Posts
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

UweMoench
Jun 03 2021 at 07:13
737 Posts
@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?

Tremblay
Jun 05 2021 at 10:33
330 Posts
UweMoench posted:
@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?

Yes. Think twice before making any decision.

Akasuki
Jun 06 2021 at 06:46
441 Posts
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.

UweMoench
Jun 06 2021 at 06:59
737 Posts
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.

SteveHanks
Jun 07 2021 at 06:08
530 Posts
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.

Bulldog_M
Jun 07 2021 at 06:53
16 Posts
Consistency is really hard to achieve. It take years to become consistent. Practice is the only way to it though.

UweMoench
Jun 07 2021 at 11:25
737 Posts
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.

Alexthetrader
Jun 08 2021 at 07:06
57 Posts
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.

RobSchiz
Nov 03 2021 at 20:42
550 Posts
Alexthetrader posted:
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.

I agree with you.

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