How To Be Consistently Profitable in Forex Trading.

[nahial]

Focus on trading, not just on making money.Believe it or not, one of the main reasons you are not making money consistently in the markets is because you are too focused on money.

[sairin]

I believe that trade need tough training to enter in the forex world and he needs more than that to make his winnings consistant. As we know forex is not a easy business it requires a lot of learning and practicing and experties come with the passage of time.

True, forex is a business that can generate profit and can be run from home but in order to achieve the desired results in the need of experience and hard work because without the experience and hard work we will not get what we want

[samuelkanu]

For you to be consistently profitable in forex you have to have a consistently profitable strategy and know all the reasons why you lose and reduce it. If you can consistently reduce your losing trades you can then be consistently profitably in forex.

[munawir]

Well in my opinion, it's better to keep the same leverage always, coz for different leverage, there might would be different amount of investment as well, and different strategy maybe is also required, and different money management etc., which make you do the modification again and again, and this may not be good for your trades. However, instead you can just keep growing the investment amount, so with same leverage, but bigger amount of investment, you can still get bigger amount of profit.

if i wants to make trades then i firstly , read the news , further modifications in market , fore castings from different sites, major decisions taken and up and downs in trends , then iset a trade waiting a lot of time for the correct situation. in this way , most of my trades bring me profits during sleep hours.

[happyrichyyy]

Well in my opinion, it's better to keep the same leverage always, coz for different leverage, there might would be different amount of investment as well, and different strategy maybe is also required, and different money management etc., which make you do the modification again and again, and this may not be good for your trades. However, instead you can just keep growing the investment amount, so with same leverage, but bigger amount of investment, you can still get bigger amount of profit.

[didikebenaran]

I think that It is only with time that this is achievableq. A forex currency traders which continues to learns about forex will become a consistents traders with time and experiences. Once we keep learning, we will be experts soon !!

time it will make us be successful in this trade when we've had a lot of time in this trade then this will make us be able to better trade and we will be more leverage in this trade and in i should we do in the trade

[Sri Hartono]

create a trading plan, set targets to be achieved each day, record and create scedhule, discipline. immediately exit the market if the target is met daily chart must not be opened because it's so daily targets are met will be many temptations when we look at the chart again.

[ahsankhan]

Forex Trading Strategies � How to be consistently profitable in forex trading

FOREX TRADING STRATEGIES

I always get the same questions from forex traders around the world:
�Ezekiel, I can�t seem to be consistently profitable in forex trading�
then they may follow on by �I know my forex trading strategy works.. but i just can�t get profits month after month..�
These are the questions that i get frequently. And this is my general answer to them.
I will usually ask them back:
�So, are you keeping track of your trades?�
You see, to be consistently profitable. You cannot forgo this important step.
That is TRACKING.
All successful businessman tracks their own and their company�s performance.
This also applies to successful forex traders.
You must have a proper and systematic way to track your trades and your success.
So that you can see if you are on the right track to success or if you are not even on the track..
Forex Trading Strategies � How to be consistently profitable in forex trading

Here are some simple ways to track your forex trades:
Firstly, you have to just focus on just 1 forex trading strategy at 1 time.
You cannot trade different forex trading strategies together at 1 time, at 1 account.
If you do that -
My question to you is:
How do you know which forex trading strategy is working for you? And which is not working?
Therefore, start trading 1 strategy at 1 time.
Be specific on the strategy and do not deviate or change random stuffs.
Eg. changing the way you enter, exit trades etc.
It has to be consistent all the way.
So run this strategy trades for 20 trades.
At the end of the test, what is your account status?
Are you profitable, breakeven or negative?
Then ask yourself, did you change anything along the way, among the different trades?
eg. the lot size is different, or you should not have entered a certain trade, but you entered anyway.
If there is a deviation � a change,
then you have to restart the entire test.
By using this method of tracking, you will be able to clearly see whether the forex trading strategy you are using is working for you.
Forex Trading Strategies � How to be consistently profitable in forex trading

Besides, i will recommend you to take screen shots of the trades you entered.
This way, you can review all the 20 trades you have entered once the test is completed.
And you can clearly see what are the mistakes you have made on some trades and what are the things you did right on certain forex trades.
This method will prevent you from repeating the same mistakes again.
Ezekiel Chew
Asia #1 Forex Mentor

you describe it very well at all but its worth more to the example of a pair often do you usually use for your trading so that some of the rules and strategies.....

[rihabrahouba741]

I think that It is only with time that this is achievableq. A forex currency traders which continues to learns about forex will become a consistents traders with time and experiences. Once we keep learning, we will be experts soon !!

[Gurufx]

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I would like to say that planing is must in every business if you don't make a plan then you never make succeed in forex trading. The main purpose of planning is to avoid failure.for long term trader maybe they not look in session but in timeframe and major trend to determine their entry