If you know your strike rate is between 40 - 50 % than you can
consistently make money in the market by implementing simple risk to reward ratios.
Being a successful trader means you are
consistently making money in the markets.
Not exact matches
I think it's safe to say that most «regular» jobs are much easier, at least mentally, than figuring out what it takes to
make money consistently in the Forex
market.
A buy and hold strategy is the best PROVEN method to
consistently make money in the stock
market.
Put simply, there is no way you can
make money consistently in the
markets if you are an emotional train wreck who gives into every little mental impulse you feel about the
market.
I think it's safe to say that most «regular» jobs are much easier, at least mentally, than figuring out what it takes to
make money consistently in the Forex
market.
Consistently trading an effective trading method with discipline, like the price action method I teach in my forex trading course, will eventually turn into proper trading habits which will then turn into making money consistently in
Consistently trading an effective trading method with discipline, like the price action method I teach
in my forex trading course, will eventually turn into proper trading habits which will then turn into
making money consistently in
consistently in the
markets.
It is commonly thought that 10 % of active traders
make money consistently in the
market.
If there is one dominant factor to increasing the probability of
making money consistently in the
market, it would be to simplify every aspect of your trading as much as possible.
I agree with you 100 % that: «Simply having a solid education
in an effective trading strategy and truly «mastering» it greatly increases your chances of
making money consistently in the
markets»
But, traders need to understand that
in order to
make consistent
money in the
markets they must first master a trading strategy like price action, build a trading plan around it, manage risk effectively and with discipline, and not stray from these primary tenants of successful trading, if you can do these things you will see your trading account will grow slow but
consistently.
It
makes perfect sense when you follow a proven system of investing that has
made money consistently in every kind of
market.
It seems easy enough, yet many beginning traders get suckered into clever
marketing schemes of websites selling indicator based trading systems, or they otherwise erroneously believe that if they learn to master a complicated and «fancy» looking indicator they will for some reason begin to
make money consistently in the
market.
Trading should really be viewed as «risk managing», and not necessarily as «trading», the traders who manage their risk the best are the ones who
make the most
money; take care of your risk and the
market will take care of the rest; that is a very general anecdote, but it is also true, you have to control your risk very
consistently if you don't want to end up gambling
in the
market, when you put your focus on risk control instead of on how much
money you can
make the
money will seem to come naturally.
A buy and hold strategy is the best PROVEN method to
consistently make money in the stock
market.
If you think you can time the
market and
make money consistently, you are
in a big group of people who think they are smarter than everyone else.
Believe it or not, one of the main reasons you are not
making money consistently in the
markets is because you are too focused on
money.
It's a funny thing that feeling this urgency and pressure to
make money in the
markets actually causes traders to lose
money, but it's all part of the game and
in the end it really just comes down to the fact that urgency and pressure create emotional / impulsive trading decisions whereas relaxation and mental clarity create logical trading decisions that ultimate
make you
money faster and more
consistently.