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?