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practice to be consistent on the profit obtained


rizal83

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a lot of practice in forex trading is much needed because with practice it will allow us to improve the skills of good trading. we can use a demo account to practice trading or to participate in the demo contest. The more we practice so our trading skill will be better

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  • 2 weeks later...

Making profit on consistent basis is difficult but not impossible, we must to learn about forex trading strategy with hard effort and trying to implementation stable money management. Consistent profit in forex required some great strategy in forex market and to earn maximum profit we have good knowledge from technical aspects to become successful trader.

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practice to succeed in forex is to use a demo account, with the demo account then we will be able to try to train a good trading skills. therefore we need to use a demo account properly for us to improve trading skills

Actually yours is hard to understand but let me deal with it. Of course, practicing will bring benefit such as familiarity with trading and increase our experience exponentially. Demo account on the other hand needed as the part of it to lower minimum amount of money you want to spend. So in the end pratice, we can say (in demo account) as the only way to gain consistency in forex especially in real trading, which sometimes makes difference in our trading.

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Base trading forex can be learned using demo account, although it is same when we use real account, but psychology will be different. That's why we should start trading in real account with small amount first. It will help us to familiarize us with real account

Just make sure you're mastering the basic of forex trading before you're about to trade in real account. And also learn to master money and risk management.

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Just make sure you're mastering the basic of forex trading before you're about to trade in real account. And also learn to master money and risk management.

 

yes, we do need to be able to master the basics of trading with good cause so we will be able to trade with the maximum. money management and good risk is mandatory for us to trade well. so it will benefit us

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The willingness to survive and make profit resulted to a consistency. Consistency only could be achieved by practicing/trading. In this case, it is true that practicing/trading is needed because that is the cause of consistency for all traders around the world. Just use common logic, how can someone be consistent if they don't regularly trade?.

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yes, we do need to be able to master the basics of trading with good cause so we will be able to trade with the maximum. money management and good risk is mandatory for us to trade well. so it will benefit us

 

Yes,I think every trader should use  two tools and it help us in the feald of money management as basic trade to minimize the losses. Now I am trying to maintain the discipline to apply the use of SL and TP in any order that I do in TICKMILL, but is sometimes wrong things that we forget to apply it is mental and emotional

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The willingness to survive and make profit resulted to a consistency. Consistency only could be achieved by practicing/trading. In this case, it is true that practicing/trading is needed because that is the cause of consistency for all traders around the world. Just use common logic, how can someone be consistent if they don't regularly trade?.

No matter what we put on that words myregister, everything will be back to practice and our willingness to make profit, no matter what. Your effort also won't bertray you and this is why if you keep practice with the same and suitable strategy with you consistency when make profit is viable thing to do.

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  • 2 weeks later...
Having a deep knowledge of proper trading technique greatly help traders to get the best results. The analysis used is not based on instinct but the use of indicators and other parameters to predict price movements. In addition to technical analysis, we need a fundamental reference and now I use a blog TICKMILL Expert
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Having a deep knowledge of proper trading technique greatly help traders to get the best results. The analysis used is not based on instinct but the use of indicators and other parameters to predict price movements. In addition to technical analysis, we need a fundamental reference and now I use a blog TICKMILL Expert

 

 

No gut feelings when it comes to analyzing the market price. Most traders are using technical analysis (with help of indicators) that analyzing the patern of market players on forex market.

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  • 3 weeks later...

No gut feelings when it comes to analyzing the market price. Most traders are using technical analysis (with help of indicators) that analyzing the patern of market players on forex market.

That is never be a good idea, to be honest using your own gut when trade in forex means gambling, i know this forex is not really certain but it doesn't mean yo can simply ignore the fact that you can also use your own analysis to make a more compact and solid speculations. Forex and Gambling are based on speculations but forex based on solid facts that has lower chance to say otherwise.

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No gut feelings when it comes to analyzing the market price. Most traders are using technical analysis (with help of indicators) that analyzing the patern of market players on forex market.

Many trader prefer using technical analysis based on indicator because this is simple way to analyze the trend market, but some trader that based on technical they will stay away from the market if there are news high impact will released, like as fomc meeting minute, nfp etc, because often these news giving instant impact to currency after news has been released.
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Much exercise is needed in forex trading because forex is a business that has a high risk, with the risk that it is to be successful we need to learn and practice many trading well. And must be able to control emotions well to obtain a consistent profit

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@radex78: I don't know if that is so simple, but actually you need to learn it and sometimes it is not as accurate as it seems, but still good if you love to combine it with other type of analysis such as fundamental. Consistency however come up with willingness to survive in foreign exchange, and if someone want to be a consistent traders persistance is a must follow the rules and keep doing that with small change if needed.

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@radex78: I don't know if that is so simple, but actually you need to learn it and sometimes it is not as accurate as it seems, but still good if you love to combine it with other type of analysis such as fundamental. Consistency however come up with willingness to survive in foreign exchange, and if someone want to be a consistent traders persistance is a must follow the rules and keep doing that with small change if needed.

Just take your time when  you're mastering some basics and indicators to read and analyzing the price movement on the market.

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  • 1 month later...

You can say that to impatient trader, most of them don't want to trade like that most of them want to earn profit as fast as they can. But to be honest everyone want to more effective and efficient way to learn without need to waste much time and in the end you are ready for the real account trading. Of course consistency is not something we can build overnight, it takes time but i think by keep trading over and over again our consistency is increasing too.

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Many peiople said if practice will make perfect, and yes this is good for all trader to always practice improving their skill in trading, although only using demo account but actually this is also good for learning process, if in demo account still often fail hence will not differ much with later in real account, keep practice and spirit

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yes each and every traders should work hard so that they can develop the experience and skill to perform in a consistent way ,here actually traders have to be very much positive about all the market conditions and should trade as per the trend with proper strategy .

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yes each and every traders should work hard so that they can develop the experience and skill to perform in a consistent way ,here actually traders have to be very much positive about all the market conditions and should trade as per the trend with proper strategy .

Yes, as tradr should always hardwork and keep struggling to improved skill in trading, and expertience will bring trader will get more knowledge from their learning, although not easy to making consistent profit in trading, but I think we here will hardwork to minimize the risk with expectation to increasing profit

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