Staying peofitable consistently

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.

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.

Money management and risk management are essential to make a consistent profit. So every trader needs to maintain these things to make money.

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.

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.

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.

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.

I really don't know how to achieve that consistency yet. I mean it is not a piece of cake right.

it is almost like impossible to be 100% consistent. And if one does reach their it will cz of extreme hardwork

Before starting it is necessary for every trader to practice with a demo account to become successful.

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.

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.

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

@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?

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.

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.

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.

Consistency is really hard to achieve. It take years to become consistent. Practice is the only way to it though.

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.