Making consistent money

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.

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.

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.

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.

Yes, an effective skill is required for making money in forex trading. It can be combined with the right knowledge for any success.

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.

Yes, consistent profits can be difficult but it does not seem to be that impossible. There is a lot that goes into it.

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.

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 .

I think to make a consistent profit trader needs a proper trading strategy and discipline to maintain it.

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.

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.

risk management is more important then a strategy

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.

No substitute fo time and practice on the charts.

A trader should know that consistent money can only be made after consistent learning and practice.

REB_FX posted:
No substitute fo time and practice on the charts.

Agreed Rachel!

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.

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.