Consistency is the brick

SteveFx11 posted:

LyudmilLukanov posted:
You are right. Consistent profit is key in trading. Trader need discipline and patience to make consistent profit.

That’s my main motto; I basically don’t focus on any specific trade position; I always focus on the process! So, when I face any SL, I don’t lose my motivation since I know, there is no way to make 100% right trades in trading! My success trade ratio is more than 76%.

Success rate is also not as important as it may seem. You need to analyse your trades on a risk to reward basis and what return you get. someone could have a 30% success rate and be more profitable

Well, of course, consistency is the brokc of success, however nowadays traders might trade not all the time and not daily at all. Everything depends on what objective do you follow. Some traders believe that if they would earn the certain amount of money then they can get rid of trading, however trading will never let you. You will understand that due to this source of income you can earn much more money and you start trading more and more. I believe consistency plus discipline plus willings to earn money would be the great combination for a trader.

The skills required to become a forex trader requires time. Only those traders become successful who are consistent and learn from their mistakes.

Briosody posted:
It’s not only forex! If you consistently work hard in any profession, you get success one day or the other.

I agree with you mate, consistency is the key to success.

Consistent profit making is possible when traders can recover from losses. I know it’s hard but it’s possible. Take time to develop yourself step by step. Traders have to find numerous strategies because single strategy doesn’t work in all conditions.

Yes indeed!
Consistency is the brick of a successful forex trading career. Every trader should gain knowledge and should develop their own strategy and follow it consistently. Making money in forex is not an easy task at all and one should always be patient and consistent in order to be a successful forex trader.

Trading is one of those activities that takes practice, patience and perseverance. You could be losing money in the first few years of trading. Only those with a strong will to learn, a strong desire to win and the determination not to quit will succeed in the end. The people who succeed at trading are those who are willing to accept a certain level of risk in exchange for potentially large rewards.

Only experienced traders can maintain consistency in trading. For making consistent profit, traders have to forecast the market well to generate signals. These signals make his trade in the right direction to produces profits for them.

LabuyaChicay posted:
Only experienced traders can maintain consistency in trading. For making consistent profit, traders have to forecast the market well to generate signals. These signals make his trade in the right direction to produces profits for them.

it can take years to be consistent enough to be profitable. It is a hard game.

casablancaForex posted:

LabuyaChicay posted:
Only experienced traders can maintain consistency in trading. For making consistent profit, traders have to forecast the market well to generate signals. These signals make his trade in the right direction to produces profits for them.

it can take years to be consistent enough to be profitable. It is a hard game.

It really does take years. I think thats the massive issue with most traders if they accepted it would be years to be consistent they wouldnt be blowing accounts because others have been successful in 'months' consistency is so key but as you say is hard because the markets are moving from trending to ranging to volatile and you need to be consistent in all of them types

Yes, I agree consistency is one of the fundamentals of the forex market.

Well, that’s 100% true. You will have to consistently trade and get better so that the profits keep coming in. Focus on one thing at a time and when you become an expert at it, move to another. You would need to learn a lot but if you try to learn all of it at once, you may not get anything.

In forex trading, consistency is the foundation upon which gains are built.

Bringing consistency in trading is possible when traders are experienced. Regular practice in trading is obligatory for a trader to turn himself into that brick. Continuous profit making gives traders’ confidence about researching over the market. Traders should make themselves consistent in making profits.

Very true! Consistency is key in even thinking of making a profit. You simply can't without being consistent with your trades.

Yes indeed! Staying consistent definitely helps in acing the forex world.

One of my favorite quotes:
'A trader looks for consistency. A gambler looks for a quick profit.'

In any case, I agree, that consistency in profits builds confidence in the trading. With consistency, I have been able to properly analyze the market and charting tools.

Here, when we say consistency is brick, it means without receiving profits on a regular basis, you can’t invest more. There is no income, why would you blow up your account on funds you can’t afford when you can clearly strategise to earn profit consistently and effectively. Consistency is key to succeeding in trading, it comes with lots of discipline and patience. Traders must strive to be consistent if they plan on staying in the market for a longer period of time.