How to be profitable in forex

How to be profitable in forex

Jul 09,  · Every trader can earn decent payouts at times, however, those aiming to have a regular income from trading might need a consistent profit Forex strategy. @ This is not an easy task. According to the experienced professional trader, Chris Capre, who uses market research numbers from the FX market, approximately 33% of traders are able to profit over a 3 month period. However, the Be a Profitable Forex Trader with SinryAdvice Products Our best-selling Forex indicator has been purchased, downloaded and installed by thousands of traders worldwide. The SFI Indicator is the easiest to use trading indicator as it very simply shows buy and sell signals as opposed to complex levels and zones that you need to interpret Dec 10,  · Based on ROI, forex trading is not a highly profitable business too. If traders risk less than 1% of the portfolio at the end of the successful year, profit can be 20%% on average. Many other professions offer better ROI (Return on investment). Above, we can see the part answer to the question is forex trading blogger.comted Reading Time: 8 mins

How to Become a Successful Forex Trader

Some traders double their accounts within a short time sometimes. But then they wipe out their accounts the next month. A consistently profitable trader is someone who makes profit, even as low as 0.

Before you read the rest of this articleplease note that this is NOT a trading or investment advice and we are not trading and investment advisers. We are just sharing chart analysis techniques. Also, please make sure to read our terms of use and privacy policy.

Maybe not yet. But you can become such a consistently profitable if you follow an important rule. I have explained it in detail in my last video: How to Become a Consistently Profitable Forex Trader. But when we ask them to send us their last two years of track record, they disappear. It has never happened that they reply and send their track record, simply because they are lying.

Many of them are fake trading gurus who sell trading systems, courses, how to be profitable in forex, packages, etc. Some of them are from market maker brokers that most of their profit is from the retail day traders and scalpers who wipe out their accounts all the time. You should wait for your trading strategy to form a strong trade setup.

When there is no setup, you should close the trading platform and come back the next day. No doubt that you should follow the longer time frames daily, weekly and monthlyotherwise it will be so hard not to trade when you sit at the computer for several hours per day as a day trader. Click Here to watch the video of my last night gold analysis. This is what I expected about 10 days ago that gold broke above this resistance level.

It seems that now gold is retested the broken resistance level. This is something that usually happens when a market breaks above or below a too strong resistance or support level respectively.

Now the market is really retesting the broken resistance level:. This is more obvious on the weekly time how to be profitable in forex. But we have to wait for the current weekly candlestick close to analyze again:. Click Here to watch the video of this part that starts from This is also were you should note the rule that I explained how to be profitable in forex becoming a consistently profitable Forex trader above.

Weak reversal signals like this have to be ignored:. If this market goes sideways for a while and then forms a long trade setup above Bollinger Middle Band or at the bottom of sideways market, then how to be profitable in forex means the uptrend wants to continued and we can go long again, how to be profitable in forex.

It has already formed a strong long trade setup on monthly time frame by The only problem is that the current market price is only pips below the downtrend resistance line:.

It will be one of the best long trade setups ever:, how to be profitable in forex. Here, you can also see the discipline of waiting for the strong trade setups to form which is something that becoming a consistently profitable trader needs. Please wait for my analysis today while you think about becoming a consistently profitable trader and the rule that you must follow to achieve it. If you are still interested in day trading, you can do it but not with the shorter time frames and sitting at the computer for several hours per day: A Strong Forex Day Trading Strategy.

Again and again it was emphasized consistent trading is very important. Making consistent money in forex is not easy but can if trade follow all proper strategies.

How to Become a Consistently Profitable Forex Trader: The TRUTH! ����

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Is Forex Trading Profitable (And How Much Can You Realistically Make)?

May 17,  · Starting out in the forex market can often result in a life cycle that involves diving in head first, giving up or taking a step back to do more research and open a demo account to practice. From Aug 12,  · Becoming a consistently profitable Forex or stock trader has only one secret: You should wait for your trading strategy to form a strong trade setup. When there is no setup, you should close the trading platform and come back the next day Jan 11,  · In order to trade Forex, or any market for that matter, you need to have two key elements: Being objective in your trading. Having a well-tested system that has an Edge. When you have these two key elements, you will stand a chance to be profitable trading blogger.comted Reading Time: 7 mins