Become a Profitable Forex Trader in 5 Easy Steps

How to trade Forex Profitably like Richard Dennis and William Eckhardt

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I am just getting into forex but i do not understand how much each pip is worth in a trade. In this trade can someone show me the math as to how I made $69 profit?

I am just getting into forex but i do not understand how much each pip is worth in a trade. In this trade can someone show me the math as to how I made $69 profit? submitted by StevenMendieta to Forex [link] [comments]

How to trade Swiss Frank on daily basis - profit £400. Copy of London Live Forex Trading Session.

How to trade Swiss Frank on daily basis - profit £400. Copy of London Live Forex Trading Session. submitted by Tin100 to Livetradingbroaadcast [link] [comments]

How to short profitably EUR/USD. Copy of London Live Forex Trading Session.

How to short profitably EUUSD. Copy of London Live Forex Trading Session. submitted by Tin100 to Livetradingbroaadcast [link] [comments]

Join our Telegraph group to learn how to trade your coin and make huge profit @Forex trade

Join our Telegraph group to learn how to trade your coin and make huge profit @Forex trade submitted by Garino444 to u/Garino444 [link] [comments]

How to be Consistently Profitable in Forex Trading?

How to be Consistently Profitable in Forex Trading?
Constantly profitable in Forex Trading isn't hard,. What requires is the best trading strategies that will help you in gaining momentum. Learn more here.
https://medium.com/@ibullcapital/how-to-be-consistently-profitable-in-forex-trading-ef8fc96b6fe9


https://preview.redd.it/j0cevctt9uu51.png?width=800&format=png&auto=webp&s=db494ee5c6192de1d4d5dd538bcec6751d583a05
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Managing Your Risk – How to Trade FOREX Safely and Profitably

Managing Your Risk – How to Trade FOREX Safely and Profitably submitted by ososru to Bitcoin4free [link] [comments]

How to Make Profit in Forex Trading: Eight Problems to Avoid

How to Make Profit in Forex Trading: Eight Problems to Avoid submitted by MxLawal to OlympTradeNigeria [link] [comments]

Managing Your Risk – How to Trade FOREX Safely and Profitably

Managing Your Risk – How to Trade FOREX Safely and Profitably submitted by Rufflenator to 3bitcoins [link] [comments]

How to make a profit from trading EUR/USD £200 Copy of London Live Forex Trading Session.

How to make a profit from trading EUUSD £200 Copy of London Live Forex Trading Session. submitted by Tin100 to Livetradingbroaadcast [link] [comments]

Forex Trading: How to Combine Fibonacci and Structure for Profit Targets

Forex Trading: How to Combine Fibonacci and Structure for Profit Targets submitted by RaymondJeffries to u/RaymondJeffries [link] [comments]

How much money do I need to start forex trading? Ik it varies but I’m curious how much I need to make decent profits

submitted by skim6789 to Forex [link] [comments]

How to be Consistently Profitable in Forex Trading?

How to be Consistently Profitable in Forex Trading?
Constantly profitable in Forex Trading isn't hard,. What requires is the best trading strategies that will help you in gaining momentum. Learn more here.
https://medium.com/@ibullcapital/how-to-be-consistently-profitable-in-forex-trading-ef8fc96b6fe9


https://preview.redd.it/aic8lh5ei5n51.png?width=800&format=png&auto=webp&s=e8252648296bf9e4167cbd328770e395b20d962e
submitted by ibullcapital to u/ibullcapital [link] [comments]

How to Make Profit in Forex Trading: Eight Problems to Avoid

How to Make Profit in Forex Trading: Eight Problems to Avoid

https://preview.redd.it/9fiwhr3in7g51.jpg?width=512&format=pjpg&auto=webp&s=8b015dd89d0db8f7e87c819b1363ccecad041f77
Many people erroneously believed that no one can make profit consistently through forex trading. Often times, they blame others for their losses while forgetting that they are responsible to decide whether their trade ends up in profit or loss.

“Champions never complain, they are too busy getting better”– John Wooden

For those who have the right mindset that they are going to be among the few who make a fortune by making profit consistently in the financial markets; they always take up the challenge to identify the problems and find solutions to improve themselves. They always have the inner drive and determination to find their trading mistakes and fix the problems which will help them to improve and become an expert trader. This positive attitude is very crucial in helping a loser to become a winner in forex trading. If people like Warren Buffet and George Soros can make a good life trading the financial markets, why can’t anyone who is ready to learn, consistently review and improve his/her trading plan, do it better?
From my own personal experience in trading the financial markets, I want to humbly share the following problems and really hope that it will help other traders to trade better and become winners in forex trading.
Although, there may be more, these are the Eight common problems I have encountered and heard many other traders struggle with in their process of making profit consistently in forex trading:
(1) Too early entry (Emotional triggers)
(2) Too late entry (Doubting your analysis)
(3) Too early exit (Panic Take Profit)
(4) Too late exit (Greedy delay)
(5) Holding on to losing trades against the market trend (Stubborn traps)
(6) Using too high lot sizes (Over leveraging your account)
(7) Poor money management (Investing more than 2% of your account balance or equity on one trade)
(8) Poor risk-reward ratio (Having too many open trades running simultaneously)

Steps to diagnose Trading Problems

(1) Check your trades at the end of each trading week; mostly on Saturday or Sunday evenings.
(2) Review your trading log or Account History. Make sure you are very honest and practical with yourself. This is about money. It is better to criticize yourself very hard than to regret losing your hard-earned money due to cheap errors or mistakes.
By honestly following the steps above, you should be able to identify any of the Eight Common problems listed above. This will help you to know which of the problems is most commonly affecting your trading outcome or reducing your profit.
When you have successfully discovered this highly important problem or problems (if more than one), then you can focus on solving them sequentially, starting from the most frequent to the least common as revealed during the review of your trading log or Account history weekly.
It is important that you never stop conducting the weekly review, so as to constantly learn and improve for better trading. Doing this consistently will help you to personally understand your own psychology and problematic behaviours or habits and also see if you are improving or not. With your commitment to this self-improvement process, you will surely become an expert in forex trading and your capacity to make profit consistently will improve significantly. Then you will become a forex winner for life!

“Learn from your losses, and improve your analysis for higher profit”.


https://preview.redd.it/qfl1nsikn7g51.jpg?width=512&format=pjpg&auto=webp&s=bc69d61f28ab6b8da8251c1825aecc21bca7e60e
Summary
If you can carefully follow the steps and work towards avoiding the Eight Common problems mentioned above, there is higher chance that you will be able to trade better and achieve more profits in Forex Trading. Most especially when you choose a reliable forex broker like OlympTrade due to their unique and innovative trading platform.
Considering my years of trading experience using the OlympTrade website or mobile App, I sincerely assure you of making consistent profits, if you take personal responsibility by identifying and fixing the Eight Common problems highlighted above. By now, I hope you are more confident that you can make profits consistently and live a good life through forex trading.
Thanks for reading and adding your own comment to this article.
Trade to win!
submitted by MxLawal to u/MxLawal [link] [comments]

How to be profitable in Forex: High-probability trading.

Hello guys,
I see a lot of posts here either of new traders or non-profitable traders. Some people here even believe trading is gambling and it is impossible to be constantly profitable. I have been trading forex for a few years now and I have fallen into every trap you could imagine: Overtrading, too many indicators, no backtesting, anger trades, etc.. burned a few accounts and finally managed to be constantly profitable on a large period of time. That is why I decided to make a very quick guide on how I think everyone can achieve profitability.
High-probability trading is a very simple concept: Only take trades when stars align. I'd recommend focusing on a very few setups that have proven to be profitable, and to not trade if the setup isn't perfect. If you think there is a slight chance you could lose a trade, then do not take it. The most important rule is to have 100% confidence in your trades, so you are not disappointed when you lose one because you know you followed your guidances.
I am a full-time trader. I mostly look at the 5-minutes, 15-minutes, and 1-hour charts, and I watch all major currency pairs 10 hours a day. You'd assume I take a lot of trades because so many setups form each day, well I do not. I take 2 to 3 trades a week for a duration of 1 to 4 hours per trade. But because these trades are more likely to be profitable, I have a good monthly return.
Now we all have our own strategy and I'm not here to review yours. Just think of how you could make your strategy a high-probability one. If you take a trade at each trading session and you have less than 65% of winning rate, then you can certainly improve your guidances. Here are the two most important rules you must follow:
- Always trade with the trend on all your timeframes, and at least a higher one. If I take a trade on the 5-minutes, 15-minutes and 1-hour charts, I want to make sure I'm with the 5-minutes, 15-minutes, 1-hour and 4-hour trends. A 200-periods exponential moving average on each timeframe should do the trick to ensure that.
- Confluence. This is for me the most profitable rule of trading. Confluence is when you have two or more levels coming together and therefore making a confluence point. For example, if you are trading the retest of a bullish trendline on the 1-hour chart, a confluence point could be where the price: retests the 1-hour bull trendline, breaks the 15-minutes bear trendline, retests the 1-hour 50-period EMA, breaks the 15-minutes 50-period EMA with a bullish marubozu candlestick, with an RSI bullish divergence at an oversold level, and a retest of a support. Now this would be a crazy setup, but even when a few stars align in a confluence point the trade is high-probability.
Thank you for reading.
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How to make a profitable trade. Short on EUR/USD - profit £200. Copy of Live Forex Trading Session.

How to make a profitable trade. Short on EUUSD - profit £200. Copy of Live Forex Trading Session. submitted by Tin100 to Livetradingbroaadcast [link] [comments]

Forex traders, how much money do u need to start trading and how much profits did u manage to get from it?

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Mistakes are costly in forex trading. Know how to avoid them. #forexrisk #technicaltools #forextrading #gambling #newbies #profits #mistakes #traderpulse

Mistakes are costly in forex trading. Know how to avoid them. #forexrisk #technicaltools #forextrading #gambling #newbies #profits #mistakes #traderpulse submitted by traderpulse to u/traderpulse [link] [comments]

how to be profitable in forex trading?

nagsimula ako mag trade ng forex ngayon buwan dahil hindi po ako nag enroll ng online class. meron lang akong maliit na capital na pang trade para pag practice na rin sa real time trading. kasalukuyan ko pong binabasa yung trading price action trends by al brooks. nabasa ko na rin yung baby pips hanggang elementary level pero kapag nag ttrade na sa tingin ko sa psychology talaga ako natatalo. cinucut ko losses ko before it actually hit stop loss at nag ttake profit ako ng maaga. hindi ko rin talaga maintindihan mg indicators. gumagamit ako ng moving average para makita lang yung trend.
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Earning profits from Forex trading can be simple if you know how to start with the minimum investments. Then you can gain experience and earn higher profits. If you are serious about mastering the art, the opportunity is at http://dominion24.esy.es/register-for-webinar/ today.

Earning profits from Forex trading can be simple if you know how to start with the minimum investments. Then you can gain experience and earn higher profits. If you are serious about mastering the art, the opportunity is at http://dominion24.esy.es/register-for-webina today. submitted by edithadhanushya to u/edithadhanushya [link] [comments]

How to calculate profit in CFD trading forex trade

How to calculate profit in CFD trading forex trade submitted by rubelforex to u/rubelforex [link] [comments]

How much work would it take to achieve a 1% profit per day average trading in forex?

I know that it would also depend on the person, but I just want to know from successful traders here, how much effort and time they think the average person needs to put in to attain a 1 percent per day return.
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How To Trade Forex Profitably HOW TO TRADE THE FOREX NEWS PROFITABLY - YouTube HOW TO TRADE FOREX SIGNALS PROFITABLY My Winning Forex Strategy *REVEALED*  How I Trade Forex ...

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How To Trade Forex Profitably

Learn to trade, get the best Forex signals, become a Forex trader, learn Forex strategies to succeed and live the Forex lifestyle! Follow my educational steps to learn how to trade Forex, for ... #forex #forexlifestyle #forextraderWant to join the A1 Trading Team? See trades taken by our top trading analysts, join our live trading chatroom, and access ou... This is my strategy I have developed after about 3 years of understanding all strategies, indicators, and trading styles. It is the closest thing to a holy grail I have experienced. TradersWay ... In this Video I will show you Four different ways of Trading The Forex News. Watch the Video and make notes of the Strategies and use the one you like the mo...

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