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Re: Is it even possible to make consistent money in trading
Posted: Mon Oct 04, 2021 11:10 pm
by Navy8
Yes, as long as your strategy is on point and you do not need to put extra interference into your trading.
Re: Is it even possible to make consistent money in trading
Posted: Wed Oct 06, 2021 3:30 am
by HeavLeighGill
I’m sorry to hear that you’ve taken some losses. I do think it can provide consistent profits, but it takes work and time. Obviously you’ve been at it for a while so I wouldn’t suggest giving up, just focus on risk management and try to figure out what’s gone wrong in the past so you can learn from it.
Re: Is it even possible to make consistent money in trading
Posted: Fri Oct 08, 2021 10:51 pm
by no_frame
There is no guarantee of consistent profits but practicing consistency in your trades will surely improve your strategies. Read charts and analyze the patterns on longer time frames to have better understanding of behavior of the market.
Re: Is it even possible to make consistent money in trading
Posted: Sat Oct 09, 2021 3:24 am
by Nbats7979
I'd say no. There is no way to make a consistent return because it depends on what the market is doing. Ok, so, many markets but let's just say the US30. It was asleep last couple of months in terms of vol. Am I hoping to cover that period in the next few weeks? Yes I am. Is that guaranteed. Nope.
Re: Is it even possible to make consistent money in trading
Posted: Sat Oct 09, 2021 7:19 am
by xard777
You have to think of trading the markets as an apprenticeship which will take you about five plus years before you even start to break even.
Yes, you will blow up your account, better still if you blow it up twice, Yes a sore learning process but a definitive one at that.
Also, during your apprenticeship time you trading strategy will change as you hone your newly acquired knowledge and you may even change the type of markets that you originally traded (possibly from Forex to Indices or Commodities).
During your time served, you will gain a greater understanding of ebb and flow, you will see consolidation where price ranges followed by breakouts and you will be able to take advantage of these repeated moves.
Over the years I have discovered that the markets are made up of fractals of self similar patterns that are found in ALL TFs where all traders trade within a specific TF that is in their comfort zone.
Simply stick with it and you will come through the other side a better trader than what you started out as.
Xard777
Re: Is it even possible to make consistent money in trading
Posted: Sat Oct 09, 2021 7:24 am
by zookeeper
xard777 wrote: Sat Oct 09, 2021 7:19 am
You have to think of trading the markets as an apprenticeship which will take you about five plus years before you even start to break even.
Yes, you will blow up your account, better still if you blow it up twice, Yes a sore learning process but a definitive one at that.
Also, during your apprenticeship time you trading strategy will change as you hone your newly acquired knowledge and you may even change the type of markets that you originally traded (possibly from Forex to Indices or Commodities).
During your time served, you will gain a greater understanding of ebb and flow, you will see consolidation where price ranges followed by breakouts and you will be able to take advantage of these repeated moves.
Over the years I have discovered that the markets are made up of fractals of self similar patterns that are found in ALL TFs where all traders trade within a specific TF that is in their comfort zone.
Simply stick with it and you will come through the other side a better trader than what you started out as.
Xard777
cool to see you in this thread!
Re: Is it even possible to make consistent money in trading
Posted: Sat Oct 09, 2021 5:37 pm
by jng640
I think the most important part not only the right strategy, trading psychology play a big part in this game!
Re: Is it even possible to make consistent money in trading
Posted: Wed Oct 13, 2021 4:14 am
by Pezza
It is definitely possible to make consistent profits. I would suggest you spend a bit more time on the education side of things. Trading is an occupation and you should study for the same way you would if you were training to be a teacher or accountant. It is not a quick & easy way to make money, it takes time so be patient.
Re: Is it even possible to make consistent money in trading
Posted: Mon Oct 18, 2021 5:53 pm
by no_frame
If you're looking for consistent in returns then you have to be consistent with your trading too. Forex is not easy. Lot of fundamental ratios and technical indicators play important part to reach at a strategy that will work. Explore each thing and make your analysis strong enough so that you can predict the trend by looking at the charts.
Re: Is it even possible to make consistent money in trading
Posted: Tue Oct 19, 2021 7:51 pm
by sebking1986
Yes I think it is with time and practice. I too used to use EAs with the mindset of trying to make money early on in my journey and personally found that they don't work for me. I ended up having to intervene more and more to keep the risk down and upon reflection decided my time would be better spent learning to trade for myself.