Rancakmedia.com – How to get consistent trading profits forex? You can get big profits when you first get to know Forex in a very short time, but it turns out there are events to get consistent profits.
Many forex traders fail, reducing beginner traders' curiosity about whether they are able to enter the trading industry. Some traders who lose money inevitably also generate unfavorable hypotheses and views regarding Forex Trading.
What is Consistent Profit?
Profit is profit and consistent is Consistent profit can thus be seen as sustainable profit. Even if the profits are small, the monthly results can increase the salary at our workplace if you continue to make profits in Trading. Big or small profits depend on the size of our trading capital.
The greater the capital, the greater the possibility of big profits. The smaller our capital, the greater the unexpected income. The fact is, if you want consistent and sustainable profits.
How to Get Consistent Profits Trading Forex
To be able to generate consistent and sustainable profits, we must do and must complete several things.
Start thinking like a businessman, not like a gambler
As a trader, we must start trading in the right way. Be a businessman who can consider the risks he is ready to take, don't be a gambler. A gambler only thinks about big profits and never thinks about the risks.
Use minimum risk Trading Strategy
It is very difficult to choose this strategy, because every trader has a different game strategy. However, basically the lowest risk and maximum profit are the most important, maximum does not mean much but profit depends on the amount of capital.
Use forex trading techniques regularly, if you want consistent profits. Don't be happy to change tactics, because it can get confusing.
Discipline is also important to increase our profits in forex trading. The discipline in question is following the strategy that we have set initially and also having the courage to cut losses and cut profits without having to think long.
Don't wait for a floating strategy if our position is wrong and don't wait until we cut profits, if we think it is enough to make some profits and cut it immediately, it can increase the possibility of consistent profits.
Open Positions when we have time
Do not open a position until we pay attention to currency or gold fluctuations. Because we open a trading position and do not monitor the position, there is a risk that we will lose some of the money we have, while we have a stop loss we still need to pay attention to market changes.
Open positions following the Trend
Trend tracking is highly recommended by experienced traders as the chances of losing are very small by following the trend. An easy way to find out trends in forex trading is to use fairly common indicators such as Moving Average, Zigzag, MACD and many more.
Open Position when Close Candle
It is also very important to wait for the candle to close. Because the direction of the candle and the shape of the candle can sometimes vary. Additionally, indications may change as well. So if we receive a good signal, try to wait until the candle closes before you can declare that the signal is genuine and accurate.
Open Position with small lots
In fact, if our lot is large, the profits will also be large. But if our capital is small, we will continue to build enough, our little capital will sink. Change capital to open position. We recommend a maximum open position of 0.10 lots if the capital is less than 10 million. If capital is less than 1 million, a maximum position of 0.01 lot is recommended.
These are some suggestions for getting consistent profits in forex trading based on what has been done. Indeed, sometimes it is not easy to look for positive things. Many believe that trading is easy.
However, the more trading you learn, the more difficult it will be. After reading this post, hopefully novice traders will begin to understand and learn how to trade like a businessman. This way you can get sustainable profits.
Here are the questions and answers regarding the article above:
Where Do Trading Profits Come From?
Profits from trading activities come from compensation paid by buyers to sellers or the exchange of goods or services between two parties. The international trade market offers tougher competition. This also influences the creation of more competitive prices.
What are the Disadvantages of Trading
The first disadvantage of trading is that the occurrence of risks is unavoidable. This usually occurs because the risks involved are beyond one's capabilities and are therefore difficult to avoid.
What is the Profit Percentage of Forex Trading?
According to experts who have been trading Forex for years, with a good strategy, a day trader can earn profits of 5-15 percent per month from an initial capital of $500-1000.
Many forex traders fail, so how do you get consistent profits in forex trading? reduce the curiosity of novice traders whether they are able to enter the trading industry. To be able to generate consistent and sustainable profits, we must do and must complete several things.
Use technique forex trading regularly, if you want consistent profits. If we open a trading position and do not monitor the position, there is a risk that we will lose some of the money we have.