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.

Forex trading is for skilled people. And to be skilled we need trading education. Without being skilled, we can trade forex but can not make profit consistently.

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.

Tremblay posted:
Forex trading is for skilled people. And to be skilled we need trading education. Without being skilled, we can trade forex but can not make profit consistently.

Demo practice is the best way to develop skill in trading. It is also a risk-free way.

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

If you ask me that’s the very foundation of the trading plan.

Davidtaylorr posted:

trollsdindy posted:

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

If you ask me that’s the very foundation of the trading plan.

Absolutely yo! Only a fool would disagree!

That’s a bit harsh but in essence yes, I am also very sure that I never risk more than 1% of my capital no matter whether I am daytrading or swing trading with interactive brokers.

It's not the system that causes the losses. It is how we use the system that causes the loss. No matter what strategy they use, most people want to trade everyday even if there is no set up according to the strategy.

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.

Tremblay posted:
It's not the system that causes the losses. It is how we use the system that causes the loss. No matter what strategy they use, most people want to trade everyday even if there is no set up according to the strategy.

True. Traders’ feeling is one the main cause for losing money in the market.

Tremblay posted:
It's not the system that causes the losses. It is how we use the system that causes the loss. No matter what strategy they use, most people want to trade everyday even if there is no set up according to the strategy.

Yes, every trader should choose a strategy. It is very difficult to make a consistent profit without making a strategy.

AliaDare posted:

Tremblay posted:
It's not the system that causes the losses. It is how we use the system that causes the loss. No matter what strategy they use, most people want to trade everyday even if there is no set up according to the strategy.

Yes, every trader should choose a strategy. It is very difficult to make a consistent profit without making a strategy.

Yes. a good strategy can be the route of success in this forex market.

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

trollsdindy posted:

Davidtaylorr posted:

trollsdindy posted:

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

If you ask me that’s the very foundation of the trading plan.

Absolutely yo! Only a fool would disagree!

That’s a bit harsh but in essence yes, I am also very sure that I never risk more than 1% of my capital no matter whether I am daytrading or swing trading with interactive brokers.

Many thanks, everyone. We are a trading community where many traders trade together. That is why our views are very similar.

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