Consistent Profit in Trading | Forex Factory

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Consistent Profit in Trading

  • #1
  • First Post: Feb 10, 2015 1:22pm Feb 10, 2015 1:22pm
Hi,

Just want to see how many traders out there in this forum that generate consistent returns month over month for the past year. Just want to look for other successful trader to share experience and analysis.

About myself: been trading since February last year. Lost about 8k after 4 months, made it back from June 2014 to September 2014, and since then have been able to generate profit consistently. I was able to made quite a bit of money by shorting USD/CHF when SNB abandon the peg, and since then has managed to triple my trading account in 2 months!

Feel free to share your thoughts and analysis!

Current trade: long USD/CAD from 1.24, target 1.27 (almost there since oil has been dropping quite substantially today)
  • #2
  • Feb 10, 2015 2:01pm Feb 10, 2015 2:01pm
oke
then create your explorer, so anyone can see. like mine, even minus up and down all people can see.
we don't predict, we only ride
  • #3
  • Feb 10, 2015 2:18pm Feb 10, 2015 2:18pm
Quoting cakrajaya
oke then create your explorer, so anyone can see. like mine, even minus up and down all people can see.
I'm using forex.com traderpro, and I tried and it's supported by trade explorer. Otherwise, I would have created one. I have attached some screen shot that I track when I made profits from week to week since Jan 15 until now.
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  • #4
  • Feb 17, 2015 5:35am Feb 17, 2015 5:35am
Quoting phongvu12
Hi, Just want to see how many traders out there in this forum that generate consistent returns month over month for the past year. Just want to look for other successful trader to share experience and analysis. About myself: been trading since February last year. Lost about 8k after 4 months, made it back from June 2014 to September 2014, and since then have been able to generate profit consistently. I was able to made quite a bit of money by shorting USD/CHF when SNB abandon the peg, and since then has managed to triple my trading account in 2...
Good for you! Staying consistently over a longer periods of time is the key. There have been traders who have lost their years of saving in a short streak of bad trading. Money management and psychology is the key to remain consistently profit over a long time. Btw. mind sharing what method/strategy you use?
  • #5
  • Feb 18, 2015 10:56am Feb 18, 2015 10:56am
very impressive results...what are you doing exactly? how are you picking your trades?
  • #6
  • Feb 18, 2015 9:53pm Feb 18, 2015 9:53pm
Wow looks good. Now it is about maintaining consistency eh. And fine tuning the strategy and have level head.

Are those in USD?
  • #7
  • Feb 2, 2016 7:21pm Feb 2, 2016 7:21pm
to earn consistent profits in forex trading is not easy considering the forex risk is very high. At the risk of it, so to be successful in forex we need to continue to learn and practice trading so well that would allow us to trade with the maximum. And have a good trading psychology is the key to get consistent profit in forex trading
  • #8
  • Feb 3, 2016 8:40pm Feb 3, 2016 8:40pm
to get a consistent profit in Forex is not easy because of the very high risk of forex. With the high risk then we need to have MM and RM is good for us to minimize the risk of forex well. get a consistent profit then we not only need a good trading skills, but also need a good trading psychology
  • #9
  • Feb 4, 2016 7:37am Feb 4, 2016 7:37am
To be consistent is not an easy task, what it all boils down to is your risk to reward combined with your win ratio, in other words, what ever risk to reward you use,
must have the probability to reach your price objective enough times to be profitable, (win ratio) but please be advised that if you rise your risk to reward ratio, your win ratio will decline, so it is an balancing act between them. not only the target but also the sl (loss ratio) have a great impact, in other words, your chance to be stopped out.
to achieve this, there is a lot of research and hard work a head, you must first find something in the market that works more than it don't, whatever it might be, pattern, candle sticks, or anything etc, and then work from there balancing these things, the market is always changing so you must always adapt your system to the market, so a constant balancing is required to keep it on track. it's all math.
Bulls are stupid Animals!especially when Im short!
  • #10
  • Feb 4, 2016 10:21pm Feb 4, 2016 10:21pm
the key to be able to get a consistent profit in forex trading is to have a good trading psychology. Trading with having a good psychology will allow us to trade with the maximum. therefore we need to constantly hone trading psychology well with small capital
  • #11
  • Feb 5, 2016 5:13am Feb 5, 2016 5:13am
Quoting phongvu12
Hi, Just want to see how many traders out there in this forum that generate consistent returns month over month for the past year. Just want to look for other successful trader to share experience and analysis. About myself: been trading since February last year. Lost about 8k after 4 months, made it back from June 2014 to September 2014, and since then have been able to generate profit consistently. I was able to made quite a bit of money by shorting USD/CHF when SNB abandon the peg, and since then has managed to triple my trading account in 2...
Cool!
How do you do this?
What is your trading setup?
  • #12
  • Feb 6, 2016 2:48am Feb 6, 2016 2:48am
very impressive results!! Keep it up!!!!!!
  • #13
  • Feb 7, 2016 8:09pm Feb 7, 2016 8:09pm
to be able to get a consistent profit in forex trading is not an easy thing for forex risk is very high, with the risk of it, then we need to be a lot to learn and practice trading. and psychology we should also be good if we want to get a consistent profit in forex trading
  • #14
  • Feb 8, 2016 5:06am Feb 8, 2016 5:06am
My problem is that even if I am consistent over a period of time - a few weeks, even up to a month, then follows a period when my success is questionable at best. It's cyclical and I think my issue is psychological more than anything else. I remain calm until I no longer can and then I make poor decisions until I calm down again.
  • #15
  • Feb 17, 2016 1:15pm Feb 17, 2016 1:15pm
Quoting phongvu12
{quote} I'm using forex.com traderpro, and I tried and it's supported by trade explorer. Otherwise, I would have created one. I have attached some screen shot that I track when I made profits from week to week since Jan 15 until now. {image} {image} {image} {image} {image} {image} {image} {image} {image} {image}
Your results are really admirable, thumbs up :t: I'd rather ask you how you keep being consistent with no losses ? Can you share how you do so?
  • #16
  • Feb 24, 2016 10:23pm Feb 24, 2016 10:23pm
to earn consistent profits in forex trading, then we need a good trading psychology. By doing so it will make us able to get a consistent profit in forex trading this well. to train psychology then we can try to trade using small capital first
  • #17
  • Feb 24, 2016 11:15pm Feb 24, 2016 11:15pm
its much easier to have consistent profit if we look at higher TF... etc...H4 and daily chart.
  • #18
  • Feb 24, 2016 11:47pm Feb 24, 2016 11:47pm
Quoting gabanda
to earn consistent profits in forex trading, then we need a good trading psychology. By doing so it will make us able to get a consistent profit in forex trading this well. to train psychology then we can try to trade using small capital first

Point taken. Have a sound trading system and strategy which you are comfortable with and back it up with sound self-control, aka psychology.
KP
Do your homework, follow the footprints of smart money
  • #19
  • Feb 24, 2016 11:51pm Feb 24, 2016 11:51pm
Quoting mlawson71
My problem is that even if I am consistent over a period of time - a few weeks, even up to a month, then follows a period when my success is questionable at best. It's cyclical and I think my issue is psychological more than anything else. I remain calm until I no longer can and then I make poor decisions until I calm down again.

Have you examined your expectations? Are you asking for too much too soon? Perhaps, you need to have clear trading rules regarding what qualifies for a very good setup and entry.

KP
Do your homework, follow the footprints of smart money
  • #20
  • Feb 25, 2016 4:28am Feb 25, 2016 4:28am
I have done all that. Unfortunately when I get too anxious I tend to forget what I've done. It's a form of tunnel vision, unfortunately.
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