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Consistency is the brick

sharabela
Sep 09 2021 at 16:24
posts 82
Michihito posted:
Consistency is the brick of success. It helps gradually to build your account. To be successful for long term we need to be consistent in profit making. Random trading can't help us to be successful.


Yes, we need to be consistent. To be consistent, we must stick with our plan and trade with discipline. Without being consistent, we would never be able to generate an income on what we can depend or plan our finance.

smith_fx
Sep 10 2021 at 05:57
posts 33
I strongly believe in this quote when it comes to forex trading.
“It’s not what we do once in a while that shapes our lives. It’s what we do consistently.”

marcusobrien
Sep 10 2021 at 07:12
posts 44
romanholiday posted:
With any activity that requires skill you need to focus on consistency. Once you have a consistent base you can then modify and adjust different factors, one at a time to try and get better results

I think more than consistency discipline is important for a trader and trust me when I say without discipline there is no consistency. A trader needs to be very thorough with his market knowledge and should know how to change his strategies as per market condition.

ed1989
Sep 11 2021 at 11:38
posts 9
Yeah I agree - consistency is key and not just with trading, but across all areas of life

Unellene
Sep 11 2021 at 15:46
posts 283
confidence should be in your every action, if everything is different, then it means that you do not fully understand what you are doing

croisssan
Sep 11 2021 at 16:51
posts 939
sharabela posted:
Michihito posted:
Consistency is the brick of success. It helps gradually to build your account. To be successful for long term we need to be consistent in profit making. Random trading can't help us to be successful.


Yes, we need to be consistent. To be consistent, we must stick with our plan and trade with discipline. Without being consistent, we would never be able to generate an income on what we can depend or plan our finance.

It should be understood that always sticking to a plan in trading is not easy. The market is always dynamic.

NihadMunif
Sep 28 2021 at 20:22
posts 18
Consistency matters so much in trading. If you can make stable and predictable profits throughout some long period of time, you are doing a nice job. Consistency shows that your trading strategy works in most of the cases. Later on, you can improve it if you want your profits to be bigger.

SteveHanks
Nov 04 2021 at 18:39
posts 536
NihadMunif posted:
Consistency matters so much in trading. If you can make stable and predictable profits throughout some long period of time, you are doing a nice job. Consistency shows that your trading strategy works in most of the cases. Later on, you can improve it if you want your profits to be bigger.

Yes. Consistency plays an important role to survive in this risky market.

Akasuki
Jan 31 at 22:00
posts 500
Most people can make some random profit trade. Making consistent money is the hardest job. This requires a good knowledge of the market as well as a calm and composed mind.

LukeRachel
Feb 01 at 02:01
posts 477
Akasuki posted:
Most people can make some random profit trade. Making consistent money is the hardest job. This requires a good knowledge of the market as well as a calm and composed mind.

It is really difficult to maintain consistency. The trader cannot maintain consistency if he does not work with the proper plan.

HeavenLeighGill (HeavLeighGill26)
Feb 02 at 18:01
posts 219
Definitely agree on this one. Consistency is key.

RobertFerrari
Feb 18 at 14:50
posts 371
Michihito posted:
Consistency is the brick of success. It helps gradually to build your account. To be successful for long term we need to be consistent in profit making. Random trading can't help us to be successful.

No doubt on it, I see a numbers of traders are focusing here quick money instead of being a consistent player! With a consistently, you can gather a huge amount money in a long run, but still you need to focus on the process instead of the result!

Aaron Countee (FaintToasted)
Feb 21 at 22:03
posts 41
Facts...Consistency

I am now in my 18th week of profits without a losing week. I have not had a losing week since October 2021. I will say that when you have a strategy that you have mastered to the MAX and stick to it no matter what.YOu are definitely on your way!

*I kill pips for fun.*
SteveFx11
Feb 25 at 10:40
posts 38
LyudmilLukanov posted:
You are right. Consistent profit is key in trading. Trader need discipline and patience to make consistent profit.

That’s my main motto; I basically don’t focus on any specific trade position; I always focus on the process! So, when I face any SL, I don’t lose my motivation since I know, there is no way to make 100% right trades in trading! My success trade ratio is more than 76%.

radioactive
Feb 25 at 11:19
posts 58
76% is good number mate. Nice!

Traders run behind consistency but truth is that not every trader has top notch systems to bang the market. Therefore randomness is more often seen for profits and losses. For a consistent journey right approach should be there that comes after drilling the each aspect of trading.

Aaron Countee (FaintToasted)
Feb 26 at 01:07
posts 41
To be consistent not only must you have a number of PROVEN strategies but also you must know when to implement them. I am still on a weekly win streak since October 2021. I teach my students how to do the same. They said they have never seen anyone as consistent as my trading. I was kind of surprised by that and then thought maybe they are right.

Today I REALLY thought I would get slaughtered but no fear, I changed my strategy for finding opportunities by not overthinking the trades and just hitting the button. I traded 12 pairs.. Finished the day on top at $9,000 profit. Which is not as good as my usual profit but still I feel good about it and am fully satisfied with that. I am still shocked I did not end in the red.

I sure started out in the red though. LOL

*I kill pips for fun.*
CraigMcG2020
Feb 26 at 11:57
posts 291
SteveFx11 posted:
LyudmilLukanov posted:
You are right. Consistent profit is key in trading. Trader need discipline and patience to make consistent profit.

That’s my main motto; I basically don’t focus on any specific trade position; I always focus on the process! So, when I face any SL, I don’t lose my motivation since I know, there is no way to make 100% right trades in trading! My success trade ratio is more than 76%.


Success rate is also not as important as it may seem. You need to analyse your trades on a risk to reward basis and what return you get. someone could have a 30% success rate and be more profitable

skihav
Feb 26 at 12:51
posts 801
I can say one thing, probably the most important. You need to be confident in your actions and decisions.

Predaktur
Feb 26 at 15:16
posts 16
Well, of course, consistency is the brokc of success, however nowadays traders might trade not all the time and not daily at all. Everything depends on what objective do you follow. Some traders believe that if they would earn the certain amount of money then they can get rid of trading, however trading will never let you. You will understand that due to this source of income you can earn much more money and you start trading more and more. I believe consistency plus discipline plus willings to earn money would be the great combination for a trader.

shortant
Feb 28 at 06:58
posts 72
The skills required to become a forex trader requires time. Only those traders become successful who are consistent and learn from their mistakes.

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