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practice to be consistent on the profit obtained


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217 replies to this topic

#1
rizal83

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you may know the cause we often fail to trade we do, one of the factors that caused the failure was due to the nature of our greed is huge and maybe we can overcome our greed with consistent profit and maybe this will be useful especially for beginners
maybe I'll give an example in the trade we do with the initial capital of $ 100 and we have to have a profit target on a daily basis and it has to do with the low target first, suppose we have to start trade target of 10 pips with a lot size of 0.5 and that we have to do until we actually get consistent within a period of 1 month and if we can do that then we become our targets Rev 15-20pips on a daily basis and we will continue to do that in order to become a habit, and also we will not stuck with a big loss
what do you think?
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#2
zebrut

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very nice principles you use, it is truly one of the factors that can not be eliminated in forex trading is greed and emotion are not unstoppable, so we often do not use common sense in playing forex trading. especially when we experience a loss is certain we will pursue our losses with our existing capital risk without thinking how future.
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#3
rizal83

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with this system, I think we are going to avoid all risk of loss that we will experience in our trade because with this system we can keep our emotions greedy and well and of course even though we are a very professional trader but if we still have the nature of greed and uncontrolled emotions control then it would only make a very good trading system will not be able to function properly as well
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#4
andisatria

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very good indeed if we continue to practice consistently because the practice will enhance our ability to get better and indeed practice is needed to trade forex as forex trading on a daily basis always experienced tremendous change and with practice we will be more aware and understand changes in trading forex
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#5
Syrine22

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Sincerely relying on a former glory wouldn't be adviceable.we must endeavour that we do everything in our power to get better and better everytime in improving by learning even when me are consistent with our profit making when we are doing forex.
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#6
PROPENSITY100

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Learning never stops in Forex and we should always keep our mind ready to absorb and learn new strategies and plans. Its learning and practice that makes us better in Forex. To become successful in Forex trading we should have the attitude of a student toward the Forex market.
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#7
riddick09

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This practice is actually endless. You are going to keep on trying or to perfect your trading. Thus, you are going to continue on practicing of your trading strategies and to have better profits or better trading. Although, in Forex, it does not truly apply the saying, Practice makes perfect. Because, in Forex trading everyone is bound to fail as in losses in their trades.
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#8
PROPENSITY100

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Learning and improving ourselves consistently is the key to endure in Forex business and profit from it. As we trade Forex we gain experience and with learning always improve ourselves to exploit Forex in a better way.
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#9
euro

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You can do it that way but for me I'm a different trader. I focus more on losses than gain cause you can gain any amount and any amount is ok but losing has to be limited all the time. I focus on lowering all of my losses each new time I trade so my focus to lower loss and any amount I gain is just good for me. After all its not bad to gain but bad to lose. Since the movement is so different all the time you can't really target a desirable amount of profit but you could only lower losses. 


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#10
gaban

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practice can make our trading skills  more perfect . Without practice forex trading,  difficult for our trading to thrive. given the very large forex risk. with practice, we can understand karkateristik of the market. So we can make the right decision. so, the result will be the maximum trading again.


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#11
euro

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I don't know about being consistent though since the market controls us and we have no control over the market sometimes we can't even have the profit that we desire even if we try so therefore just keep doing good and don't be too specific on the goals. I doubt that anyone can keep the goals though. I think as long as you don't lose and you gain profit then its good enough. 


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#12
gaban

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Forex is a risky business. To obtain a consistent profit is not as easy as we imagine. We trade a lot of practice to be able to understand the characteristics of the market. So that we can minimize risk.


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#13
uncle gober

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Learning and improving ourselves consistently is the key to endure in Forex business and profit from it. As we trade Forex we gain experience and with learning always improve ourselves to exploit Forex in a better way.

 

learning is needed by traders both beginners and professionals. I therefore take advantage of a wide range of references that can add to the knowledge I have. one way is through video tutorials. viseo tutorials are used for learning is http://www.armadamar...ideo-tutorials/


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#14
gaban

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indeed uncle gober , learning is greatly needed by novice traders and professional traders. Because the forex risk is very high. Without studying hard for our trading will survive. Learning can be anywhere. Can of video tutorials provided by the broker, including instaforex, internet, forex forums, etc.. By doing so, we will be more skilled.


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#15
screw_twizz

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using this type of program, I believe we can avoid all threat regarding reduction that individuals will probably expertise inside our deal mainly because using this type of program we can preserve your feelings greedy and well not to mention even though i am an extremely specialist trader but in the event that all of us nevertheless have the dynamics regarding hpye and unchecked feelings management next it will merely help to make a good investing program won't be capable of purpose appropriately at the same time.


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#16
Decub

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For any trader to remain on top when it comes to making profits or making money from Forex, consistent practice is quite necessary. It is something that he really had to maintain even though it is quite difficult. Practicing in the Demo account more offer will help a trader learn and know more about Forex.
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#17
standart

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well, market uncertain in movement and sometimes become very difficult. if traders found that market give easiness, they'll get high profit in trading. however, if market move ranging for long period, probably traders wouldn't able to get decent profit. being flexible is important. and than to set a specific target, better if traders focus more in how to conduct proper trading.


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#18
Stekin

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It is true what you say here that if a trader want to make profit, he or she will not expect too much of a profit. It us the trader's greediness that used to make them to lose in here..When the trader is trading and he or she want to be making big profit, it is that time that losses will come and wipe his or her account.
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#19
standart

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make profit is easy but how to make it to be consistent is different task which very difficult. many traders face difficulties when they are want to achieve consistency. however, the key is lies in how to be effective. if traders patient to trade at the good timing only, they have chance to be consistent.


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#20
kaito kid

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In my opinion, all businesses including forex business or the other can not directly generate instant profits. all of them through the learning process. one through account no deposit.

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