Apa shj ttg forex... anything about forex

Who is online?
In total there is 1 user online :: 0 Registered, 0 Hidden and 1 Guest

None

[ View the whole list ]


Most users ever online was 40 on Sun Oct 27, 2013 11:32 pm

Latest topics

» Kelas Forex " Teknik 100 PIPS Sehari ! " & SIGNAL PERCUMA !
by Aqila Wed Nov 08, 2017 7:09 am

» Suggerimenti di sicurezza per i trader principianti durante il trading
by sandysr Fri Nov 03, 2017 8:18 pm

» Kursus Saham Bursa Malaysia & WallStreet (CFD) - RM69!
by Aqila Wed Nov 01, 2017 12:20 pm

» abcd abcd abcd abcd abcd abcd
by sandysr Fri Oct 13, 2017 5:33 pm

» Always avoid emotional trade in Forex
by sandysr Wed Sep 20, 2017 7:39 pm

» dds sf
by sandysr Tue Sep 19, 2017 4:47 pm

» How to trade?
by sandysr Mon May 22, 2017 9:52 pm

» A clear overview of the most traded candlestick pattern in the forex market
by sandysr Fri Apr 28, 2017 8:21 pm

» Top 3 Things to Consider While Choosing the Right Broker
by sandysr Mon Apr 03, 2017 3:14 pm

» Forex Trading, Currency Pair and Leverage
by sandysr Tue Mar 28, 2017 3:35 pm

» Life changing course to make massive income!
by Michaeljordan Wed Oct 14, 2015 5:36 pm

» 100% deposit bonus from FXVAN
by Mariatrader Tue Sep 09, 2014 9:04 pm

» FXVan - reliable brokerage company
by FXVan Tue Jul 22, 2014 9:49 pm

» FreshForex-www.freshforex.com
by FreshForex Thu Jun 12, 2014 8:04 am

» Grand Capital-grandcapital.net/eng
by ExpertGC Fri Oct 18, 2013 7:40 am

Top posters
Aqila (106)
 
asiaforexmentor (36)
 
sirz01 (21)
 
KajolThappar (14)
 
Admin (12)
 
tavaNordFX (8)
 
sandysr (8)
 
ExpertGC (7)
 
Matija Scalres (5)
 
taie forex (3)
 

November 2017
MonTueWedThuFriSatSun
  12345
6789101112
13141516171819
20212223242526
27282930   

Calendar Calendar


You are not connected. Please login or register

How to be consistently profitable in forex trading.

View previous topic View next topic Go down  Message [Page 1 of 1]

Forex Trading Strategies – How to be consistently profitable in forex trading

FOREX TRADING STRATEGIES

I always get the same questions from forex traders around the world:
“Ezekiel, I can’t seem to be consistently profitable in forex trading”
then they may follow on by “I know my forex trading strategy works.. but i just can’t get profits month after month..”
These are the questions that i get frequently. And this is my general answer to them.
I will usually ask them back:
“So, are you keeping track of your trades?”
You see, to be consistently profitable. You cannot forgo this important step.
That is TRACKING.
All successful businessman tracks their own and their company’s performance.
This also applies to successful forex traders.
You must have a proper and systematic way to track your trades and your success.
So that you can see if you are on the right track to success or if you are not even on the track..
Forex Trading Strategies – How to be consistently profitable in forex trading

Here are some simple ways to track your forex trades:
Firstly, you have to just focus on just 1 forex trading strategy at 1 time.
You cannot trade different forex trading strategies together at 1 time, at 1 account.
If you do that -
My question to you is:
How do you know which forex trading strategy is working for you? And which is not working?
Therefore, start trading 1 strategy at 1 time.
Be specific on the strategy and do not deviate or change random stuffs.
Eg. changing the way you enter, exit trades etc.
It has to be consistent all the way.
So run this strategy trades for 20 trades.
At the end of the test, what is your account status?
Are you profitable, breakeven or negative?
Then ask yourself, did you change anything along the way, among the different trades?
eg. the lot size is different, or you should not have entered a certain trade, but you entered anyway.
If there is a deviation – a change,
then you have to restart the entire test.
By using this method of tracking, you will be able to clearly see whether the forex trading strategy you are using is working for you.
Forex Trading Strategies – How to be consistently profitable in forex trading

Besides, i will recommend you to take screen shots of the trades you entered.
This way, you can review all the 20 trades you have entered once the test is completed.
And you can clearly see what are the mistakes you have made on some trades and what are the things you did right on certain forex trades.
This method will prevent you from repeating the same mistakes again.
Ezekiel Chew
Asia #1 Forex Mentor

View user profile

View previous topic View next topic Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum