What are the best strategies to make consistent profit at trading forex ?… The ways to develop a strategy are limitless. You could make just about any strategy you could think of profitable if you took the time and effort and developed it.
That is really what winning traders do, they develop their own strategy and customize it for their personality and style of trading.
There really is no “best” strategy that you could be taught in an hour or you could buy online.
You are part of the winning strategy, you are a unique individual. The development of your trading mindset and your trading skills are the real Holy Grail.
Anyone can become a profitable trader if they have the perseverance and the drive to do what it takes to win.
There is no right or wrong way to trade. There is only a profit-making trade or a loss-making trade.
Warren Buffet says there are two rules in trading: Rule 1: Never lose money. Rule 2: Remember Rule 1.
Follow this 5 steps to consistently profit in Forex
- Focus on trading, not just on making money
- Learn that NOT trading is part of the game (Being out of a trade is a position)
- Become organized and disciplined
- Take a longer-term view of what “success” means
- Develop a strict daily trading routine to develop positive trading habits
Except this all steps. Important is to keep records of your mistakes and you’ll learn what not to do. Its not a game and the market is unforgiving.
There really is no “best” trading strategy.
You are part of the winning strategy.
You are the main key of the effectiveness of your strategy.
Its not my intension to scare you, wish you all the best fellow trader.