How To Be Consistently Profitable in Forex Trading.

[happyrichyyy]

Your words sound right, all these are needed for being consistently profitable in forex. I made some positions yesterday, by the time I closed the laptop, they were still pending, I just logged it off anyway, but today when I opened up the platform, I saw they were done and I made some profit, I guess patience really work.

[dalaxapola]

I believe that to be consistently profitables in the forex market traders should have a testified strategy which can be workables in every types of markets and there has to be a fairs money managements systems in the process of the trading !

[kltbanptbnyab]

I believe that this may be one of the most excellents suggestion, maybe the futures to preserves and maintain patiences is one of the best ways of the trading and with no desires to succeed fasters, is one of the keys of success itself !!

[tashnotashi]

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

ager app forex trading main kamyab hona chatey ho na to main app ko ek sab se acha mashwera deta houn k app es main experince or knowledge hasil karo es k bagher app forex trading main kamyab nahi ho saktey ho main khud bhi es main aese he profit kama raha houn

[Dragon]

these are your tips or in other words. They are your trading strategy? my friend. I see it that it is very intersting to read and learn. In 5 points you give, i like the most is" Always keep a target for you trade". It is right

[lap]

Putting adequate efforts in analyse each trade and following the strategy and your tested trading plan along with risk management rules will help a person make positive trades consistently or at least have more winning trades.

[happyrichyyy]

I don't know what you mean by simple here, but I think the candlestick patterns look simple, whereas they ain't that simple at all when you really apply them in the trades. I tried to test the reversal candlestick patterns in my trades, so far just one or two succeeded, still three are pending there, awaiting to be successful yet. I wonder how to stay consistently profitable, with just one strategy always, or using different strategies at different times, but I'm still in testing stage.

[wasifshakil]

Yes, trading strategy is very useful for Forex trade. Only one time and one strategy is better then more usage. Treading strategy is must for profit in trade. okkk ..Thanks you for discuss ........

[sunnyctg]

Find a simple way to identify the current trend . Pick in the trend just when the time is right. Maximize your wins, minimize your losses. Techniques and methods that would help you - regardless of skills or experience. Try to learn from the previous trades and put them in your future trades. Of success comes in a quick way it goes quickly , try to learn more then you can be a consistently profitable trader in Forex trading.

[sgiant]

have a good strategy and run it with discipline. This is one of the business to be trading well and earn a consistent profit. but that will not guarantee a profit. because in the forex business no one can predict market movements.

I strongly agree with the opinion that you have described. To benefit the discipline is difficult. Because we know that market movements are always changing.