Consistent profit is hard

[Sheldon56]

It is hard, but not impossible.
Give yourself time, some good practice and planning, consistency won't be that hard to achieve.

 

[Oswald]

Interesting topic. I have realized that there is no such way of trading which promise 100% of profitable deals. Instead, I have focused on a monthly targets in %. In my view, this was better solution

 

[DamianSimen]

I'm a beginner in forex and would like to know when should a beginner expect for consistent profit ?

Should i start with a small capital in live trading even if i'm good in demo, because the demo and live is said to be different while trading ?

 

[Enivid]

I'm a beginner in forex and would like to know when should a beginner expect for consistent profit ?

You should expect consistent profit only when you start making consistent profit at least on demo or in backtests - there is no set timeframe for that this will happen. For some people, it takes years to become profitable Forex traders.

Should i start with a small capital in live trading even if i'm good in demo, because the demo and live is said to be different while trading ?

Yes, you definitely should proceed with a small live account when you are profitable on demo. This will allow you to test your skills with live market execution and live account emotions. It will also let you to test your broker without committing lots of money.

 

[vicjon1995]

It's true that getting a profit consistently is hard as the forex market is highly volatile.

 

[Resolve]

It's true that getting a profit consistently is hard as the forex market is highly volatile.

I can say that trading in the Forex markets will not always give your profits, so you need to do selective trading and stay away from such trades that will result into a loss.

 

[vicjon1995]

I can say that trading in the Forex markets will not always give your profits, so you need to do selective trading and stay away from such trades that will result into a loss.

Very true.

 

[Terry_8]

It's true that getting a profit consistently is hard as the forex market is highly volatile.

Agreed! But with hard work and practice, it becomes relatively easier.

 

[vicjon1995]

Agreed! But with hard work and practice, it becomes relatively easier.

That's correct. Do you know a good mentor? I'm looking for one.

 

[danielbro]

It is very hard, but if you keep on learning and making a proper strategy, it will gradually become easier in time.

 

[hk_09]

Consistent profit is difficult, but not impossible. With good planning and practice, it is definitely possible

 

[Terry_8]

Consistent profit is difficult, but not impossible. With good planning and practice, it is definitely possible

And with good knowledge!

 

[Jerry_Ken]

I'm a beginner in forex and would like to know when should a beginner expect for consistent profit ?

Should i start with a small capital in live trading even if i'm good in demo, because the demo and live is said to be different while trading ?

Consistency is not something you'll be able to achieve early. Many experienced traders still struggle for it, but with constant practice and trading, surely soon.
As for the capital, yes its wise to start with a small sum than with a huge sum because yes emotions do play a huge role on a live account, so better start small.

 

[e_abrams]

Consistently profiting is next to impossible for the vast majority of traders out there. That is not to say that such traders don't exist - they certainly do, but getting there involves a lot of effort, stress, and often - lost funds.

 

[hk_09]

Consistently profiting is next to impossible for the vast majority of traders out there. That is not to say that such traders don't exist - they certainly do, but getting there involves a lot of effort, stress, and often - lost funds.

Yes, major bunch of beginners do not reach that stage of success, because they somewhere prefer quitting than putting in those efforts in this market. It is all about choices.

 

[Resolve]

Yes, major bunch of beginners do not reach that stage of success, because they somewhere prefer quitting than putting in those efforts in this market. It is all about choices.

Many times when we are actually doing our trades then we cannot get the profits. This is when the losses in our trading accunts start to accumulate. We need to do such types of trades that can give us more profits then the losses to be able to get consistent profits from our trading.

 

[Akwin]

Greetings,

Hope all is well.

Please give me the chance to express my point of view, first I would like to shed lights on the idea that life is about ups and downs, so I believe that consistent profit is really hard to keep up, however, this is not impossible but it really needs years of experience and wide knowledge. We should not stress about consistent profit, people learn from their mistakes. Stressing will impact our mental health negatively and this will affect our trading decisions.

Your opinion matters.

Regards,
Akwin

 

[hk_09]

It is really hard to make consistent profit but not impossible as there are a lot of successful traders who are making profit regularly, make a good trading strategy, don’t let your emotion play any role and practice on demo.

Yes! Practice is a must here in forex and demo account makes for a good practicing way for traders.

 

[Resolve]

Yes! Practice is a must here in forex and demo account makes for a good practicing way for traders.

If we will keep doing practice in our trades then we will become better Forex traders and our error margins will also start to come down.

 

[PizzaMan]

If we will keep doing practice in our trades then we will become better Forex traders and our error margins will also start to come down.

Good thoughts. But for different people it can take a different amount of time