How To Be Consistently Profitable in Forex Trading.

[mohamedsaleh]

i used to have that question going in my mind but then i realized it is not about just profit it has so many ways to see how your are going in Forex , like watch your strategy if you have one and see if it goes with you in worst case , if it done well then it is a good strategy

[fxquest]

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]

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.

[sgiant]

It is hard to get profit consistently in Forex trading. Also you will never loss consistently. If you want to get profit in Forex consistently then should consist with good knowledge and experience in Forex.

If your income in the forex business can not be consistent, meaning that you can not execute the technique properly. A successful trader can earn a consistent profit, do not need a big advantage.

[liyonala1988]

It is hard to get profit consistently in Forex trading. Also you will never loss consistently. If you want to get profit in Forex consistently then should consist with good knowledge and experience in Forex.

[obaid2012]

You just need to stop losing your job consistently. It's that's it. If you want to know why you are losing. How will you benefit. So do not you be a small loss. The dark horse in this race, you can be.

[samo]

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

Thank you for the very nice tips. I learned from it. And from now on, I am going to keep track all my trades in my demo account. And I will not change my strategy and follow the rules.

[mhchomsi]

to be consistent profit of course we have run our strategy with discipline. because that causes us to not be consistent is not the discipline to execute our strategy. and of course it's not easy. Psikology many factors that can affect us in the running strategy with discipline.

true, with the discipline of trading that we do is the key profit software we want consistency. It's just that sometimes we can't wait to do an entry point. and it is so harmful. Therefore the disipli and patience is the price of death

[nisa]

correct sir, of course, by preparing our victory will always win when we can always run the rules we have created yourself, as obedience and discipline will lead us to the pinnacle of success that we expect

I think the victory that we plan properly we must be easy to achieve, but it is worth to remember sir, that fores price movements do not always like what we expect, we must always be vigilant

[hendarto]

to be consistent profit of course we have run our strategy with discipline. because that causes us to not be consistent is not the discipline to execute our strategy. and of course it's not easy. Psikology many factors that can affect us in the running strategy with discipline.