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Consistency is the key

Discussion in 'Beginners Forum' started by Anderson, Nov 9, 2019.

  1. Anderson

    Anderson

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    Consistency is the key to increasing income. If you make constant profit and follow many management rules your income will be increasing over time. For example, you have 100$ in your account. First month you make 10% profit so 10$. Now you have 110$ in your account. Next you also make a 10% return that means 11$. So you have 1$ increased in your income.
     
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  3. Fx Master

    Fx Master

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    if you have most powerful fundamental trading knowledge , then there is a chance to bring profit during news, but its really difficult to acquire storing knowledge and experience about fundamental , so we lost interest most of the time.
     
  4. Tom Latham

    Tom Latham

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    No doubt on it & only pro traders can make consistent profit in Forex! Till now the percentage is below 10%; so we should understand the reality.
     
  5. Tom Latham

    Tom Latham

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    You are always welcome! Besides, if you have any question on trading; feel free to ask here!
     
  6. Svetlana Loboda

    Svetlana Loboda

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    To be honest, only pro traders are consistent & the percentage is not more than 5%. That’s the reality. By the way, I am also trying hard to improve my own trading result.
     
  7. Lee Mark

    Lee Mark

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    If you are a new trader; don’t focus on your consistency; you just need to focus on your practice & method. Don’t focus on your trading result.
     
  8. Marim

    Marim

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    Most people do not have any patience when it comes to such calculations honestly, for sure you are placing all wells, but I do not really like how it even consists of everything else. How do you want to make it possible on any possible level.
     
  9. Andrew McCalam

    Andrew McCalam

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    Generally newcomers always try to make profit very rapidly by using high leverage and become loser because there is no money managing plan. Leverage always contains huge risk and by using this financial tool if you want to earn profit first of all make sure how to manage money in Forex.
     
  10. Astirewien

    Astirewien

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    Sure, all that small steps finally will bring you to needed results and like you wanted, see that like some movement of money on your fixed deposit anyway and be ready for some things like that entirely and clearly.
     
  11. Randiall

    Randiall

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    I think making consistent profit in forex is very much possible but it totally depends on trader himself. If he has good strategy and plan and also risk management then he can make a good and consistent profit.
     
  12. Tom Latham

    Tom Latham

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    good luck for your trading journey , one request please dont be hurry when its time to learn. there is no short cut way of learning from here.
     
  13. Mary78

    Mary78

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    I agree on this. Excelling here is a step by step process. Only those who go slow and take each learning part seriously will have success.