Well put. Consistency is important for regular trading. If you aren’t making profit for a long time, something is wrong, revise your entire plan and change it. Try to move with the market when you can and make the most of whichever opportunity that seems to have potential. Have a good eye and watch out for the news.
A universal fact in the forex market: “Consistency is the key to success. Newbies in trading should know from the very beginning that trading with consistency is very important. It is important that a trader remains consistent with his strategy for a long period of time before changing to another method. Frequently changing strategies will make you expert in none. And in the long run, you will not be able to make consistent profits.
What differs successful traders from others is consistency. Forex trading is a profession where you get better with time and testing. Since a lot of trials and errors are involved in this and constant analysis of the market, you can’t get better at it in a short period of time.
Consistency breeds habit, and having good habits ultimately defines who we are as people. Sticking to an effective trading strategy consistently will help you master it and determine whether or not it is working for you.
True! With time a trader is able to understand the complexity of the market and is able to work harder and focused. Imo, traders should also be persistent which will allow them to be consistent and learn when they make mistakes.
Where every trader’s prime goal is to become consistent at making money, not all the traders are able to reach that level because keeping patience is not everyone’s cup of tea. So, learn patience before you expect to make consistent income.
tyson_learner posted: For being a good trader, you need to be disciplined and consistent with strategies, otherwise changing strategies frequently will not let you win any trade.
Yes, consistency is really important because then only we will get some results. Rapid changing of strategies brings no good because we kill the time of performance for our particular trade due to lack of patience.
Moving forward and then coming back does not work in trading. Once a trader has decided on a strategy or some path to traverse, they have to traverse it until they can become profitable. Changing the course of direction or path does not work; a consistent approach and consistent walking in that direction do.
That’s right, many traders randomly place trades and fail to understand the importance of timing. Consistency is achieved through planning and hard work by minimising risk and strategizing to make the most out of the selected opportunity.
True. Be it trading or investing, you get results if you are consistent. Thus, focus on the learning part. Analyse your portfolio from time to time. Find loopholes and correct them. You will see results sooner or later. Good luck.