How To Be Consistently Profitable in Forex Trading.

[genjer fx]

So we do not have to harm, but little need to think our best to make profits. Foreign currency can resist the damage that can benefit all the time. If we remove the error can cause damage to our strategy, it has become more profitable, and we can gain very persistent.

[rianta]

to be able to generate profits consistently is not easy, but in fact we can do it, but it required knowledge, strategies and good management to be. long experience is very important to be able to make us have a profit consistently. clear learning with enthusiasm certainly will get a strategy to be able to get consistent profits.

[oreoluwa]

alright thanks very much for your analysis and i think the very best way to be consistently profitable in forex trading is by learning because the more you take your time to learn the more you get to understand more about your strategies and indicators thats what i really think

[hari fx]

if we were necessity to got benefit and for consistently gainful earning we should must be occupation cruel and prove emotions in during trading and then we can als0o bonk patience in going then all the things were elementary for victimized and we can easily got benefit and acquire this

[milat fx]

Fine I venture to wee invariable earn you've right got to practice consistently, do the trading consistently, and consequently you're gonna get opportune money consistently, as extended as your strategy mechanism righteous, and as extendible as you can scientifically win your money and emotion. And one solon occurrence is, you may exclusive move the realistic informing.

[rebate lover]

Well if your income ain't consistent yet, it just means just you still need to practice more, gain more experience, to improve yourself for doing it better in next trade, it doesn't mean you can't be successful, but only means you are not that successful at the moment just, there's always space to improve and develop. A successful trader is something easy to say, but ain't that easy to achieve.

[ArfianFx]

nice idea.. u must have many experience so u can now all about trade.. if u not use stop loss u cant consistent on profit so u use it.. and use take profit because market can back to first way with fast time and not know when time for fast reversal market attack hehe

[sahuri]

sometimes we do as a trader is not impatient and rush - rush to take action, the opportunity is always there in the exchange, so basically we have to be patient and await the right time to take action we will do with our trading,

[perez]

I believe the better we focus on how to maintain a trading account that will be safe in trading is the thing that will be very important in this business so that way we will have a trade using money management that can be said to be very nice and disciplined

[naina0966]

Re: How to Be Consistently Profitable in Forex Trading.
Yes thanks "Ezekiel"....is that really your name? if so, your family (obviously Asian converted to christianity long years ago and having to deal with the communists policy toward western religion, decided to move you to the west....) is that the short version...I think so..

As to the question of how to be consistently profitable in Forex...the first step is to NOT TRADE FOREX.....

Everybody with me so far....excellent...then you pick an excchange traded currency and learn that market....choose one of several simple systems (volatility, moving average, oscillators, price action, etc) and learn it top to bottom....

Step 2....backtest systems unitl you find one that fits your temperment, account size...and provides the kind of (realistic) performance you require.

Step 3....Find a decent broker and put your account together with the appropriate amount of capital. Find decent order execution software and learn to use it (NinjaTrader is one example).

Step 4....learn to recognize (and execute) your system's signals with discipline

Step 5....learn to manage risk

Step 6....start trading

Step 7....keep good records

Step 8 ....review your results every week, month, quarter and year and make the appropriate adjustments so that your system remains profitable

Step 9....send me a check for putting you on the right road so long ago..

Step 10...live happily ever after....like in the movies.

You're welcome

Edit....of course this is oversimplfied and somewhat tongue-in-cheek....it would actually work....if one were into "work", "dedication to reaching a goal", and other very important character issues....for those into successful scenarios....have at it.....one thing is certain...you have much better odds of succeeding using that scenario than you would have trading forex.