Consistency | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Profitable consistency. 18 replies

Price of consistency 4 replies

Number of trades before counting consistency 9 replies

Strategy Tester: data consistency 2 replies

How to evaluate consistency? 21 replies

Attachments: Consistency
Exit Attachments

Consistency

  • #1
  • First Post: Mar 13, 2020 1:32pm Mar 13, 2020 1:32pm
Consistency is a symbol of a successful trader, there are traders who's winning trades are greater than their losing trades this clearly shows pure consistency. But on the other side there are traders who's losing trades are greater than their winning trade and the still survived in the market.
Specifically am talking about the hit and boom traders, the tend to lose trades but what the earn is greater interms of income .
Example: Mr Trader Total losing trade is 50 while winning trade is 30
Amount of loss: $500
Amount of winning: $1500
This is being achieved buy probability which the end up blowing their accounts because of the lack of fundamental knowledge about trading
The success of a successful man is behind the success of a successful frien
  • #2
  • Mar 17, 2020 5:42am Mar 17, 2020 5:42am
Having a good strategy an clinging to it is one of the major factor when it comes to consistency
The success of a successful man is behind the success of a successful frien
  • #3
  • Mar 18, 2020 10:53am Mar 18, 2020 10:53am
True. Also, if your strategy works don't tinker on it further. Or at least don't do so on a live account.
  • #4
  • Mar 23, 2020 1:27pm Mar 23, 2020 1:27pm
I'm just getting started but i've found if you can trust your system/understand its weaknesses, the consistency will come over time.
its just a script. join the club
  • #5
  • Mar 24, 2020 1:44am Mar 24, 2020 1:44am
Quoting mlawson71
True. Also, if your strategy works don't tinker on it further. Or at least don't do so on a live account.
Very true. It is important that you make a consistent in demo account first. That should give you a right thinking before starting on a live account.
  • #6
  • Mar 24, 2020 6:07am Mar 24, 2020 6:07am
Basically the way you trade on a demo account is the same way you will trade on a live account.
The success of a successful man is behind the success of a successful frien
  • #7
  • Mar 25, 2020 1:04pm Mar 25, 2020 1:04pm
Through demo accounts we are actually teaching our minds so we will do the same on the live what we have trained our mind to do on a demo account.
  • #8
  • Mar 27, 2020 5:49am Mar 27, 2020 5:49am
Quoting Slinge
Basically the way you trade on a demo account is the same way you will trade on a live account.
The only difference is the money and emotions.
  • #9
  • Apr 9, 2020 9:43am Apr 9, 2020 9:43am
I will say that it's important to realise that good systems can work for 11 months and then bite you on the 12th. Don't be emotional means you shouldn't keep swapping systems every two minutes - but do take every loss as an opportunity to learn and fine tune. No system is perfect, so don't get emotionally attached to any of them!
  • #10
  • Apr 14, 2020 9:13pm Apr 14, 2020 9:13pm
Quoting Slinge
Having a good strategy an clinging to it is one of the major factor when it comes to consistency
I couldn't agree more. This also leads to profitability.
  • #11
  • Apr 14, 2020 11:31pm Apr 14, 2020 11:31pm
Agree. Having a right strategy can leads to the profit so we just keep on trying out those in demo account
  • #12
  • Apr 15, 2020 3:22am Apr 15, 2020 3:22am
Quoting MattRWR
I will say that it's important to realise that good systems can work for 11 months and then bite you on the 12th. Don't be emotional means you shouldn't keep swapping systems every two minutes - but do take every loss as an opportunity to learn and fine tune. No system is perfect, so don't get emotionally attached to any of them!
no system is perfect. from what i see most of indicators repaint by price action. for me this is just confusing. but the trend lines been there forever. and yes consistency
is the key. 1, 2,3 % per trade and keep going. all the very best guys.
  • #13
  • Apr 15, 2020 12:33pm Apr 15, 2020 12:33pm
Do you then use mostly price action to trade?
  • #14
  • Apr 15, 2020 2:04pm Apr 15, 2020 2:04pm
trying to.
and im trying to deal with myself. like, i take trades that im not ment to, just because ...... greed, stupidity, lack of discipline etc....
  • #15
  • Apr 22, 2020 11:32am Apr 22, 2020 11:32am
Quoting mlawson71
Do you then use mostly price action to trade?
price action is really tough trading approach, to be experienced about this approach is a long term approach , for that reason mostly traders lost interest after passing sometime.
  • #16
  • Apr 24, 2020 10:18am Apr 24, 2020 10:18am
How long did it take you to learn trading in that manner? I, personally, still use indicators.
  • #17
  • Apr 25, 2020 3:45am Apr 25, 2020 3:45am
nothing wrong with indicators, im not againts them,
but for me entering on a possible correction on a possible trend can be more profitable with tighter stops than waiting for an indicator to form as a confirmtion.
thats all
  • #18
  • Apr 25, 2020 10:59am Apr 25, 2020 10:59am
Whatever works for you. That's the beauty of forex - different things work well for different people and everyone can find a good trading approach.
  • #19
  • Apr 27, 2020 11:59am Apr 27, 2020 11:59am
consistency only the thing that i never be good at all about this , but tried it greatly, not in general life and not even Forex trading. only 2% traders in stock market have these attitudes.
  • #20
  • Apr 28, 2020 1:37am Apr 28, 2020 1:37am
Quoting Majeeda
consistency only the thing that i never be good at all about this , but tried it greatly, not in general life and not even Forex trading. only 2% traders in stock market have these attitudes.
Definitely. Consistency is a very hard thing to achieve.
0 traders viewing now