Consistent profit is hard

[Todor]

To earn profit on a daily basis is not that easy but with right trading plan, focus and skills, one can definitely earn good enough in forex.

 

[forexking]

No doubt, the forex market seems difficult and earning profits is not that easy. But if you are able to gain knowledge with proper dedication and patience, then you can earn consistent profits.

 

[e_abrams]

Predict the link? What link are you referring to?

 

[GazFx]

"Consistent profit is hard." Of course it's hard. If it wasn't, everyone would be doing it and making a killing.

Forex trading may seems very easy to see as it is limited to buy and sell. But for getting profit you need to put all your sweat in soil. Taking decision which one should you buy or when should buy is very calculative and hard also. Get all the trading knowledge for having profit. We can rather say it is very easy to operate forex but very difficult to make money consistently. We need to work hard a lot to make money and to make profit through this business, and we have to practice a lot before starting live trading.

Saying is always easy but difficult to perform whatever you are planning. Plan first makes a stand and then finally executes the task then there will be easiness everywhere you work. Don’t judge and depend on others. Act and make the difference is something special.

If you've come to Forex looking for consistency, you will be searching for a very long time. There is no consistency here.

 

[e_abrams]

I think consistency is possible, but only for the most experienced and knowledgeable of traders.

 

[wanorbit]

forex market watch quotes is inconsistent meaning it is flawed, different variations to highs and lows amid varied brokers, it is manipulated, if there was a general univeral market watch quote system then there would be hope for forex hence why being banned in major countries hence some major countries peg levererage to 1:50 to steer away people from it, forex trading is an interbank platform and not mt4/5 for personal investors. Shares/stocks is very consistent in market watch quotes as it is a universal stock/share price system, there is no different variations in prices amid varied brokers

 

[e_abrams]

Every business is flawed, in on itself that is not an unsurmountable problem.
Which major countries have banned forex?

 

[PhoneticNachos]

Trade with a plan. Consistent profits is only as hard as your rules allow.

 

[wanorbit]

Trade with a plan. Consistent profits is only as hard as your rules allow.

consistent profits is not hard as you define it, why is that: directions can swing against trades, what matters is your winning trades must be more than your losing trades to be able able to breakeven above, cheers!

 

[e_abrams]

I think they are plenty hard. If they weren't hard, the vast majority of traders wouldn't be losing money. 🙁

 

[RaviTeja]

Is it true that making consistent profits is hard ? because I see many traders mentioned that it is not hard as it seems, and some feel it's hard because they lack the proper strategy and knowledge about trading?

 

[bikeracercumtrader]

Making consistent profits in forex is hard but not impossible. What's required is dicipline, patience and sound knowledge of the market. Along with this, you must learn how to manage your emotions so that you can make informed decisions while trading.

 

[fxbee]

Losses are the part of any forex trader's life. It is important to learn from the mistakes and do better next time. You can't book profits every time on forex. It is just impossible to have consistent profits.

 

[bikeracercumtrader]

I agree with you mate, a disciplined and knowledgeable trader can always succeed in trading.

Yes, Exactly!

 

[e_abrams]

That is, if one is good at the analyzing part. Not everyone are, unfortunately. I know I rarely am.

 

[Gerouze]

it is very hard to trade consistently

 

[e_abrams]

it is very hard to trade consistently

It is. And the vast majority of people really aren't able to do that.

 

[JimBarryman]

Forex trading may seems very easy to see as it is limited to buy and sell. But for getting profit you need to put all your sweat in soil. Taking decision which one should you buy or when should buy is very calculative and hard also. Get all the trading knowledge for having profit. We can rather say it is very easy to operate forex but very difficult to make money consistently. We need to work hard a lot to make money and to make profit through this business, and we have to practice a lot before starting live trading.

Saying is always easy but difficult to perform whatever you are planning. Plan first makes a stand and then finally executes the task then there will be easiness everywhere you work. Don’t judge and depend on others. Act and make the difference is something special.

Personally, I go based on risk to reward. So say if I hit a 1:10 risk/reward, I could lose 9 times and still be break even. I find my RRR is quite high, so I'm profitable.

 

[Gerouze]

it takes years of trading to be consistent

 

[e_abrams]

Sometimes it never happens, to be honest.