How to Make Profit from the Forex Trading

16 Golden Rules for making Profits in Forex Trading

16 Golden Rules for making Profits in Forex Trading

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90% of all traders would TRADE BETTER and get BETTER RESULTS if they:
1) Know how to find and follow the market trend.
2) Exercise caution and wait to check for trend confirmation before placing trade entries.
For more info, click: https://medium.com/@musalawal/16-golden-rules-for-making-profits-on-olymptrade-platform-7e6f80097818
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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]

Alfa Financials — Alfa Financials | 5 Reasons Why You're Not Making Profits in Forex Trading

Alfa Financials — Alfa Financials | 5 Reasons Why You're Not Making Profits in Forex Trading submitted by alfafinancials5 to u/alfafinancials5 [link] [comments]

New here. How difficult is it to make profit in forex compare to stock market.

New here.
I am wondering how difficult is it to make profit in forex compare to stock market? Is it worth to learn forex trading?
In stock market, we have stocks going as wild as -80% to +1000%. There are so many opportunities every day.
In forex market, the exchange rate barely changes from day to day. How can one make profit? Do you need to trade hundred times a day and let the small profits add up. How long do people usually hold in forex?
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How to Make Profit in Forex Trading: Eight Problems to Avoid

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

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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”.


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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!
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How can I make profits in forex with news releases?

How can I make profits in forex with news releases? submitted by joehatch to asktraders [link] [comments]

What are the three cup and handle strategies professional traders use to make profits in forex

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3 Essentials to Make Profits in Forex Trading 2019

The following blog post covers the 3 basics to get started in Forex trading 2019 at its best. Make sure you stick to your for Forex trading plan as your strategies along with these basics things. For more specifics, talk to our expert Forex brokers here.
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I was just wondering (part 2)

Hello guys!
I made a post two days ago with the same title about wondering if making profit in forex was that easy! Well today i saw the opposite side of it...the bad one
Yesterday i was dumb enough to buy again some equitity on GBP/USD because i was thinking it was low enough and it will rise like happened the previous day...Well from there the free fall started! Today i woke up and i was minus some euros and even when the limit was 37 euros it dint get liquidated and i got mental! i risked and waited half an hour with the hope it will go + ...my capital funds went +some cents and i closed immediately....5 seconds later the thing went free fall mode again. If i wouldn't exit in the morning in that tiny window i would be around 150 euros minus....
Now guys can you tell me why even i bought little(just 20 GBP from my 155 euros capital),so to not risk much i not only lost all but almost lost money i didnt have....
Can you tell me if its possible to stop if it goes negative or at least a way to always lose only the amount i want to risk?
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Best Way to Make Money in Forex Trading - YouTube

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