Are you consistent?

[Whitesnake]

The questions is wrong.

Even if you get the required consistency, to what purpose does it ultimately help you? Make $40 to $400 every once two weeks?

Retail brokerage is all about gambling. The average deposit here comes down to $10k to $25k in the western countries, and borders along $5k for the asian markets.

There is no way a trader can consistently make money in the markets, every month, with such low amounts.

One can however just find a good directional trade, hold it for 6 months to 1 year or more, and perhaps double or tripple the investments. You have an example of the USDJPY move.

Other than that, NO "consistent" trader can ever earn good money from the markets (forex, stocks, bonds etc) without first putting down at least $300k to $500k.

And most retail traders do not come in that bracket.

Truth hurts but it must be said.

That is a very huge money and no individual retail traders can afford to invest such huge amounts. But we also need to keep in mind that the definition of financial freedom varies from people to people and thus being happy with the money made is the go.

 

[margin]

I'm trying my hard to be one but to be honest it is not an easy job to be consistent in forex market. Just when you thought that you have a good grip on your trading style you are punished brutally by the market, I don't know why !!

 

[FX Brother]

That is a very huge money and no individual retail traders can afford to invest such huge amounts. But we also need to keep in mind that the definition of financial freedom varies from people to people and thus being happy with the money made is the go.

If you can invest these huge amounts, why bother trading? Just relax!

 

[EURUSD]

I'm trying my hard to be one but to be honest it is not an easy job to be consistent in forex market. Just when you thought that you have a good grip on your trading style you are punished brutally by the market, I don't know why !!

It is right. Keep consistency on profit is not easy thing to realize in forex business because you need to be able to maximize profit and minimize loss when you want to gain consistent profit. All traders must be realistic that it is impossible thing to have perfect strategy or perfect system. No one can avoid risk of loss in whole transactions so traders must capable to prepare good trading plan which will recover loss with profits so overall result is still profit although you ever made mistakes. To realize consistent profit, you must make sure to gain more profits than losses.

 

[nahiyar]

We try to make profits , always our plan is not applicable due to many reasons. Evaluating trading results we should see profits should more than loss we make just profit is not any standard for consistent trader. To be a consistent trader is not an easy task . I spend years to be good and regular profit taker.

 

[downtrend]

We try to make profits , always our plan is not applicable due to many reasons. Evaluating trading results we should see profits should more than loss we make just profit is not any standard for consistent trader. To be a consistent trader is not an easy task . I spend years to be good and regular profit taker.

Consistency is something that is the most difficult thing to achieve in forex market. You have to practically kill every emotion that comes in between you and your trading plan and only then you achieve perfect consistency.

 

[EURUSD]

Consistency is something that is the most difficult thing to achieve in forex market. You have to practically kill every emotion that comes in between you and your trading plan and only then you achieve perfect consistency.

It is right that consistent is not easy thing to realize because you need to have good trading plan first before you could become consistent in trading and you must follow it well to make sure that you stick on the rule. And also, consistent will need time to prove that you can control emotion in any different condition of market. Consistent can't be realized in short time but you need to do it regularly (follow the planning) for at least a month to make sure that you're consistent.

 

[fxstrategist]

Focus not only on consistent profits, focus on consistent amount of pips, even if it is with a small account, because once you start seeing a consistent amount of pips, then you can find more money to invest with confidence.

 

[downtrend]

Focus not only on consistent profits, focus on consistent amount of pips, even if it is with a small account, because once you start seeing a consistent amount of pips, then you can find more money to invest with confidence.

First and important thing being a trader is to try to make green pips, preserve your capital, money will follow you. But many traders do the exact opposite of this. So they can't get consistent.

 

[John Mason]

First and important thing being a trader is to try to make green pips, preserve your capital, money will follow you. But many traders do the exact opposite of this. So they can't get consistent.

Let me tell you one thing very clearly and that is even after becoming a good trader and being successful you will encounter losses.

Things will go haywire and will not work according to your plan