How To Be Consistently Profitable in Forex Trading.

[ziebx]

The main requirement is that you are consistently profitable in forex trading is that you should learn forex first science, to study forex course, you have to learn in people who are already successful forex. without you having knowledge of forex then be prepared to lose money.

[kammraz]

you have to be patient and trade with discipline. try not to be greedy too much. just a little bit is ok as long you dont go overboard and trading within your money management. if you get greedy, reduce your lots accordingly. when i get greedy for pips i usually trade with 1/10 of normal lots.

[FREEDOM]

Practice and practice as much as we can to get consistant stage in forex. More practice will make us to get more familiar with the chart and with the price movement in market. Also emotions controlling is needed at anytime whatever we do.

[hammer]

so that we can be consistent in trading forex, we must have a plan and that we will achieve the target, if the target has been reached should stop trading and continued the next day, avoid greedy attitude that is difficult to avoid trading psychology, and can hurt us

[kammraz]

there is a way to be profitable but you also must keep in mind that loss is inevitable. you have to make sure that your win is a lot more than your loss and you will be on your way to forex greatness. good luck all my frieds out there.

[waqar arif]

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

Yea a nice post so far i have read today..it is well compiled..
and i like the first point where you said we should not open too many trades thats where i also lack too much i opens up too many trades at a single time and than i cannot focus on the single one
so thanks for mentioning it...!!!






NEXT TIME I WOULD NOT OPEN TOO MANY TRADES

[perez]

the nature of the harm in the forex business it was clever. therefore if a trader feels he is less intelligent trading even though the science is mounting. I believe traders like this will always be able to achieve consistent profits ..

[fendy]

What is meant here is consistent profit, of course, to achieve a lot of what we have to do and we need to know, do not let what happened instead consistent loss, the result would be however much capital will be depleted as well.

[25+]

You can specify a target in trade every day so if we have what are the benefits that we will receive what we should count only profit so we can get good results if in this way we will be able to obtain results that can be justified

[pavais]

do not assume loss or margin call as a barrier, all of it is a lesson that needs to be studied carefully, forex it can not be underestimated. Sometimes it confused forex.