As a trader, I can say that consistency is the key to success in the forex market. If you want to make money you need to be consistent.
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
Disliked{quote} It is not an easy battle, you will be struggling one by one, but gradually you should be able to face it one dayIgnored
DislikedI have to say that the one thing that keeps me 'consistent' is looking at larger time frames. Not in terms of chats, but in terms of what I want my trading 'career' to look like. I've got my 'best case scenario' all worked out in a spreadsheet - it's 5 years worth of 'ideal months of trading' all worked out. It means that if I have a bad trade, I can look at it as a small blip on a much bigger journey. A bad day can be part of a good week. A bad week can be part of a good month. A bad month can be part of a good year. And so on - Think longer term...Ignored
DislikedI have to say that the one thing that keeps me 'consistent' is looking at larger time frames. Not in terms of chats, but in terms of what I want my trading 'career' to look like. I've got my 'best case scenario' all worked out in a spreadsheet - it's 5 years worth of 'ideal months of trading' all worked out. It means that if I have a bad trade, I can look at it as a small blip on a much bigger journey. A bad day can be part of a good week. A bad week can be part of a good month. A bad month can be part of a good year. And so on - Think longer term...Ignored
Disliked{quote} I will have to say that I try my best to keep the trading consistency, but the markets are really unpredictable sometimes. Took me 3 years to make a consistency profitIgnored
DislikedConsistency 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...Ignored
Disliked{quote} I will have to say that I try my best to keep the trading consistency, but the markets are really unpredictable sometimes. Took me 3 years to make a consistency profitIgnored