In trading consistency is important

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.

I also agree. Making consistent profits is essential to become successful in the trading market.

Consistent profit is very important. If you are included in the loss/profit, you will never be able to make more profit from trading, so you must first create a consistent profit strategy.

You will definitely get a negative result if you conduct chaotic trading.

LeviSievwright5 posted:
Consistent profit is very important. If you are included in the loss/profit, you will never be able to make more profit from trading, so you must first create a consistent profit strategy.

And how do you actually make profit? That’s consistency of action and then through self-analysis. So, my point here is, maintain good record keeping or a trading journal.

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, consistency is important as assures that you are not running out of your capital. 2 loss days with 3 profits days in a week is surely okay but continuous losses for 3-4 weeks indicates something is wrong with your strategy.

I agree, consistency is everything long term.

Willemcurtis posted:

LeviSievwright5 posted:
Consistent profit is very important. If you are included in the loss/profit, you will never be able to make more profit from trading, so you must first create a consistent profit strategy.

And how do you actually make profit? That’s consistency of action and then through self-analysis. So, my point here is, maintain good record keeping or a trading journal.

Not all trading opportunities are the same. So how do you justify executing the same rules when the same setup comes up?

leecopp posted:

Willemcurtis posted:

LeviSievwright5 posted:
Consistent profit is very important. If you are included in the loss/profit, you will never be able to make more profit from trading, so you must first create a consistent profit strategy.

And how do you actually make profit? That’s consistency of action and then through self-analysis. So, my point here is, maintain good record keeping or a trading journal.

Not all trading opportunities are the same. So how do you justify executing the same rules when the same setup comes up?

Keep the stop-loss placement the same. Like, if you see it above the previous highs for the shorts, use the objective approach to determine the price. Apart from this, the exit reasons should also be consistent.

LeviSievwright5 posted:
Consistent profit is very important. If you are included in the loss/profit, you will never be able to make more profit from trading, so you must first create a consistent profit strategy.

Consistently, yes. But being consistent does not mean that every trade is a winning trade. Develop a strict daily trading routine to develop positive trading habits and keep your account in profits.

Anoxiare posted:

leecopp posted:

Willemcurtis posted:

LeviSievwright5 posted:
Consistent profit is very important. If you are included in the loss/profit, you will never be able to make more profit from trading, so you must first create a consistent profit strategy.

And how do you actually make profit? That’s consistency of action and then through self-analysis. So, my point here is, maintain good record keeping or a trading journal.

Not all trading opportunities are the same. So how do you justify executing the same rules when the same setup comes up?

Keep the stop-loss placement the same. Like, if you see it above the previous highs for the shorts, use the objective approach to determine the price. Apart from this, the exit reasons should also be consistent.

Most important of all, the best time to decide on these factors is much before you start live trading. All these pointers should be addressed in the demo account. That’s why they are designed after all. Be consistent with your approach and see the result. I remember spending some 7-8 months practicing on the MT4 platform of the demo accounts with XM and turnkeyforex. That kind of set a good base for me.

Yes, it is also very difficult to achieve that level of consistency when it comes to profits in forex.

Separately, it is worth highlighting the psychological moment of trading, as well as controlling emotions. Trading does not tolerate hasty decisions and deals on emotions.

Yes for successful trading consistency is the key. Some random winning trades do not help in success. Achieving consistency is the key in trading.

Consistency is the key to increasing income. However, is not easy in forex trading. Trader need a good profitable trading strategy to do that. Moreover, market is changing every day. So, adjust trading plan according to that.

not only trading life but also real life consistency is the main challenge but its really difficult to maintain this good habit, need a long time focus with a great level of patience.

Consistency is the key to success in forex trading. With proper discipline you can achieve it.

Yes, you are right and consistency can also act as a reflection of success of a trader.

It is the consistency that brings success. Almost all the traders can make random profitable trades. But the real challenge is being consistent. It requires study and research.