How to profit consistent on forex?

[sgsetiadi]

how to profit consistent on forex? is it emotion matter or probability matter? or technical analyze matter or money management matter?

 

[pippin]

how to profit consistent on forex? is it emotion matter or probability matter? or technical analyze matter or money management matter?

All that you mentioned is important. Basically it all comes with experience and gaining it requires time and ability to analyze both great trades and your mistakes.

 

[JohanDM]

most important thing is the psychological aspect that comes with trading, you have to be able to take a loss and learn from what you did wrong and not just get angry and make the same mistake again and again

 

[MasterSmart]

Yes, I agree in Forex, stable results come with experience

 

[rafaelfariasbsb]

trade is not easy, it takes years to get profible, i haven't get it yet kkkkk

 

[Fin_Trader]

First of all, you need to learn how to analyze price movement charts and create your own trading strategy, which will show signals for entering the market according to some kind of trading algorithm. At the same time, you will know where to put SL and TP. Then trading will be systematic with its own rules and conditions and more stable.

 

[skrimon]

First of all, you need to learn how to analyze price movement charts and create your own trading strategy, which will show signals for entering the market according to some kind of trading algorithm. At the same time, you will know where to put SL and TP. Then trading will be systematic with its own rules and conditions and more stable.

Spot on! Chart analysis, strategy development, and risk management (SL/TP) are the golden triangle of successful forex trading.

 

[cmndpat]

how to profit consistent on forex? is it emotion matter or probability matter? or technical analyze matter or money management matter?

Keep all emotions out of the game! That will kill everything. You have to be able to loose some money.

 

[skrimon]

Keep all emotions out of the game! That will kill everything. You have to be able to loose some money.

While emotional trading can be destructive, completely eliminating emotions might be unrealistic. Fear and greed can cloud judgment, but a healthy dose of respect for the market can be a good thing. I agree losses are inevitable, but proper risk management can help minimize them. What are some strategies you use to keep emotions in check while trading?

 

[cmndpat]

While emotional trading can be destructive, completely eliminating emotions might be unrealistic. Fear and greed can cloud judgment, but a healthy dose of respect for the market can be a good thing. I agree losses are inevitable, but proper risk management can help minimize them. What are some strategies you use to keep emotions in check while trading?

Well to be hounest that is my problem, I still have far to much emotions in my trading. I can't find my personnel risk management level. Also already lost several EURs. Any recommendation APP or SW wise?

 

[skrimon]

Well to be hounest that is my problem, I still have far to much emotions in my trading. I can't find my personnel risk management level. Also already lost several EURs. Any recommendation APP or SW wise?

Emotional trading is a common hurdle, and managing risk is crucial for long-term success. Have you considered paper trading with a fixed risk percentage per trade to hone your strategy before risking capital? It can help you find your personal tolerance level and refine your approach.

 

[Fin_Trader]

Many traders still want to be constantly in the market in order to earn more. As a result of such overtrading, fatigue, errors and losses occur.

 

[Fxzombie]

Trading strategy, trading psychology, money management, and risk management are aspects that can support a trader's goal of achieving consistent profits. Consistent profit here does not mean that every transaction will definitely make a profit, but the final result is that the accumulated profit is greater than the loss.

 

[Emperor Kasimiyoji]

I usually think discipline is more important than strategy.
1. Write down the rules of your strategy
2. Use similar lot size across all your trades
3. Have a predefined stop loss and take profit every time

 

[Fin_Trader]

I usually think discipline is more important than strategy.
1. Write down the rules of your strategy
2. Use similar lot size across all your trades
3. Have a predefined stop loss and take profit every time

4. Don't try to immediately recover your losses. This requires time and conditions. You need to be disciplined in waiting for the following conditions for transactions from your trading strategy.

 

[Fxzombie]

Patience is absolutely important to maintain the quality of trading, waiting can sometimes feel boring, but it is better than running to catch up because of panic. The rush to recover losing trades disrupts trading strategies. Profit will be with patient traders.

 

[Fin_Trader]

Patience is absolutely important to maintain the quality of trading, waiting can sometimes feel boring, but it is better than running to catch up because of panic. The rush to recover losing trades disrupts trading strategies. Profit will be with patient traders.

You're right. The market will not run away from us. And there will still be many opportunities to recoup your losses with profitable trades. But conditions for high-quality and profitable transactions may not appear immediately, and this is where it is important to have patience and endurance.

 

[Fxzombie]

Forex trading is unique and different from traditional trading, the more buying and selling the more profits can multiply. In contrast to forex trading, quality is more important than quantity. One transaction of high quality with maximum profit is better than many transactions but at a loss.

 

[Fin_Trader]

Forex trading is unique and different from traditional trading, the more buying and selling the more profits can multiply. In contrast to forex trading, quality is more important than quantity. One transaction of high quality with maximum profit is better than many transactions but at a loss.

You're right. It is better to be able to wait and look for trades with a risk-reward ratio of 1:2 or higher. Such deals will be of high quality and will give you the opportunity to earn money without unnecessary nerves and worries. I never enter the market if it is clear that the stop loss size is exactly the same as the take profit size or greater than it according to the terms of my trading strategy.

 

[Jonathan Lee]

Consistent forex profits rely on a balance of factors: disciplined money management, technical analysis, understanding probabilities, and controlling emotions. While all are important, effective money management and emotional control often make the biggest difference in long-term trading success.