Stable profit is the holy grail for everyone who trades in the financial markets. At the same time, many successful traders began their rise precisely due to short-term success with the maximum profit.
Just for thought ...
If I trade 10 trades every month and 9 of them will be unprofitable, and 1 with a maximum profit, which will cover all losses. Is this considered consistent money? 🙄😐
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.
LucasRogers posted: 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.
Very very true, everyone can have a lucky run. It is all about keeping the profits you make too that's where risk management is important with consistency
Consistency is a habit that must be formed for a nice forex trading experience. . It requires deliberate practice to master. It is not something you just decide to do, and it is not something that can be learned. It is something you develop over time from personal experience, like discipline and confidence.
Forex trading is simple but not simple to make a consistent profit need good skill trading, an alternative trader that always fails in trading is they looking for copy trader and PAMM trader that has good track record along their trading career
There's definitely a lot that goes into becoming a profitable trader, from having the right mindset at a psychological aspect to being well-educated and informed about different strategies. If you don't spend enough time on each subject, you are likely to lose money.
I believe that consistent profit from trading is one of the most significant indicator of the fact that this or that trader is successful. Newbies may have ups and downs and they find it impossible to predict the amount of money they will earn in the nearest future, while professionals know approximately how much they will earn because of the fact that they know the market and are able to make certain prognoses.