Disliked{quote} the nr.1 and main reason why they don't make money is lack of knowledge.Ignored
If you make money, does Oanda make money? 35 replies
Does anyone here make money consistently from an EA? 3 replies
Who has made BIG money with a BIG trading account consistently? 14 replies
Can I make 40% per month consistently 193 replies
Bulls make money, Bears make money. And Pigs get slaughtered. 12 replies
Disliked{quote} the nr.1 and main reason why they don't make money is lack of knowledge.Ignored
DislikedThere is no such thing as consistently making money in the markets. It would be wonderful if that were true. The only thing that occurs consistently are losing trades, so you better get used to them. Profits are inconsistent, and equity growth tends to come in spurts. The belief that there is consistent money available in the market is a toxic mindset and leads nowhere good. VIgnored
Disliked{quote} Maybe your trades are always losers but there are traders who make consistently net profitable trades. One of the most fundamental truths in trading is that you need confidence to be consistently profitable and you need to be consistently profitable to have confidence, like a catch 22. Without one you generally don't have the other. And you need to persevere through the learning curve to get to the point of being confident and profitable. It doesn't happen on its own. It is achieved. Earned. Blood, sweat and tears. Trading is not you against...Ignored
Disliked{quote} Maybe your trades are always losers but there are traders who make consistently net profitable trades. One of the most fundamental truths in trading is that you need confidence to be consistently profitable and you need to be consistently profitable to have confidence, like a catch 22. Without one you generally don't have the other. And you need to persevere through the learning curve to get to the point of being confident and profitable. It doesn't happen on its own. It is achieved. Earned. Blood, sweat and tears. Trading is not you against...Ignored
Disliked{quote} I didn't say I was always a loser. I said the winners that added to your equity were inconsistent and the losers were consistent. I had a 36 times risk winner in January, and been breaking even since then. Prior to that I had a 10 times risk winner in September breaking even till January. Expecting to make money everytime you trade or every day, or every week, or indeed every month is very difficult. Watch: https://m.youtube.com/watch?list=PLn...&v=XPn8tPKLcagIgnored
Disliked{quote} 10 times risk winner in September and breaking even until January? No sure what that means. Do you mean you are breaking even after 4-5 months? I am not sure where you are going with your explanation. When I put on a trade I expect to win. Yes I have losing trades because I do not have any control over the market makers and what they do but I do have 100% control over what I do. I always remain positive and if the market moves against my position sometimes I get out and sometimes I stay in for nice profits depending upon many factors. Many...Ignored
Disliked{quote} I found it, but no one would post user manual. I am hopeful though.Ignored
Dislikedsure it can, absolutely. need totally understanding about ourself and the market, and that is a journey. lot of people desperate and give up when facing an obstacle then try to find a magic secret recipe or mantra and become more more frustrated then stop. that is why never achieve and reach "consistent profit". learn about ourself and accept the market give to us.Ignored
DislikedNo possible. What worked today will not work tomorrow - or even with the next trade. "Consistent profit" is the goal. That'a a given. However, to apply some method "consistently" is a sure way to lose. If "consistent profit" is possible it's not achieved by a "consistent method". Therefore I need to restate Not possible with a method, strategy or system unless your method, strategy or system isn't one..Ignored
DislikedThere is no such thing as consistently making money in the markets. It would be wonderful if that were true. The only thing that occurs consistently are losing trades, so you better get used to them. Profits are inconsistent, and equity growth tends to come in spurts. The belief that there is consistent money available in the market is a toxic mindset and leads nowhere good. VIgnored
Disliked{quote} Verv's post is actually closet to the reality of how most professional traders make money. When he says "profits are inconsistent" he is trying to say the profits are few and far between and need to be multiples of R of the losing trades, which out of necessity come more frequently. It's not a secret that most professional traders make money in trending markets. Now ask yourself how often is the market in that state. The rest of the time they are probing (read: taking losses) until the market gets back into that trending state and then they...Ignored
Dislikedanother great thread - very encouraging, thanks for the reinforcement .Ignored
Dislikedin this forex the think that we must master is "ourself" our greed etc, second is technique, method, or style, third is platform and broker that match and suit with the two above.Ignored
Dislikedin one day, price move average range about 60-150 pips. how about we ask to ourself and force our greed to accept 1 pips in a day? that mean we just look one opportunity that come to get 1 pips. my statement here is a matter of mind and philosophy. for consistent profit as "daytrader" the key is "know to stop trade and thanks god I got money today, enough". and waiting for tomorrow train. about how much the dollar we get is proportional with how much capital we have to play in the game. have 1000$ and got money 10$ a day that already super big...Ignored