How to make consistency profit in Forex trading
How to make consistency profit in Forex trading ?
"When it comes to trading this is headaches for may Traders you make money today and loose all next day"
SO HOW TO MAKE MONEY CONSISTENTLY?
STICK TO YOUR STRATEGY
First stick to your trading strategy and follow it with discipline don't take a trade without any reason toke it.There is several trading strategy choose and test your strategy before staring trades.
Don't start trading without testing your strategy
WHEN YOU STICK AND TEST YOUR STRATEGY YOU WILL BE CONFIDENT TAKE YOUR TRADE AND CONTROL YOUR EMOTION
RISK PER TRADE
Calculate your your risk in every trade that you know how much you are willing to loose in single trade ,because trading is all about risking if you risk all your capital in single trade your account can be wiped out.Calculate your risk and set YOUR SL.
REWARD RATIO
Even if you calculate your risk and and Fail to use good reward ratio you can't make make money consistently.
What is reward ratio.
There is 1:2 reward ratio 1:3 etc...
Example:
If you take BUY TRADE IN EURUSD set you TP 30pips and 10 pips this 1:3 Reward ratio this means if you win one trade it will need to loose 3 trades to all money you get in on trade
SO IF YOU TAKE 5 TRADES PER DAY AND 3TRADES GO TO SL AND 2 TRADES GO TO TP YOU WILL LOOSE ONLY 30PIPS AND GET 60PIPS .
USE GOOD BROKERS THIS ONE IS RECOMMENDED BROKER EXNESS
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