How to make winning trades consistently
This is a trader question from the Fibonacci Trading Forum.
Kim asks:
How to make winning trades consistently?
Everyone has that question! Of course, this is the goal, to come out ahead, over time, and with consistency. Consistent profitable trading is very difficult, and everyone, even the best traders have to deal with periods of losses. The solution is complex, and the problems vary from one trader to the next.
Give it time. There is a lot to learn, skill and experience are not downloadable. You will get there if you plan for the long haul, watch risk. Your first priority is survival in the markets.
Since I know you already have a lot of trading knowledge, I’ll post your question for other traders to benefit. All traders should define their interaction with the markets, via a trading plan. This website is intended to help traders create their own trading plans.
We’ll discuss this in a future Fibonacci Trading Forum webinar.
-Neal (FibMaster’s Fibonacci Trading Course)
Filed under: 1. Trading Plan Definition
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Winning trades consistently mainly needs confidence and patience. You’ll do better thinking for yourself than blindly trusting signals. Secondly, learn Fibonacci trading systems. Study charts, watch FibMaster’s TRSI indicator, and learn how to spot trend changes. Thirdly, don’t believe the sales people! There is a lot of misinformation about the Forex market, ignore the sales pitch, make your own decisions.
Thanks Neal for showing me the way.
This is the question that every trader is asking himself. Of course that’s what we want in the end, how to make winning trades consistently. And in my opinion, being persistent and knowing what you’re doing is the best way to make a profit.
Romy @ stock trading platform´s last blog ..Five Hot Tips on How To Start Stock Trading