Saturday, 11 April 2015

How to make Consistent profit with forex

Consistent profit with forex

Making profit is not that hard in forex, but if you ask how to make consistent profit, that would be different story! the reason simple because you can make profit but not all the time! so the big question is why and how to find Best Strategy for our forex Investment? I have to admit finding good strategy is not easy, you need to test and see how your strategy could survive for long term! sometime forex strategy could works well for 3 month, but in month 4 and 6, it could not works anymore! 

If you ask why this could happen, the reason simple because ! you need to go to basic! for example your strategy about Technical analysis, using Fibonacci and other Indicator! it could works and making profit, let's say hundreds bucks or more, but not for long term! simple because there is a news announcement!  when we use pure technical analysis and get hit with economic news, everything will fail into pieces! most of trader that depend on news, such as news trader usually have different view about where market want to go! if news very important and have high impact on economy such as interest rate or Trade balance, there's a chance they will try the opposite trade! and when this happen everything including Trend can go against technical trader! 

To make consistent profit you need to learn 3 analysis e.g Technical analysis, Fundamental analysis and sentiment analysis! you can learn the basic at babypips analysis  read that page, and understand how it works! and then try again , and avoid when high impact news come out! or stop trade for a while, just for precaution! most of veteran trader knows Economic News are their nightmare! so be wise and patient! try again and again! soon or later you'll find your own best trading strategy to make consistent profit ;)

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