Every forex trader, an experienced one or a beginner who is keen to learn about forex, would like to know how to be profitable every day. To understand how to close every open position with a profit. How to win at forex every time is a question worth millions.
What you mean by “every time”
To get an answer, we need to know what “every time” means. Is it every single trade or every position trader opens, or is it every month, quarter, or year?
Note: position on currency pair is the sum of single trades trader open on that pair
You need to think in multidimensional space, with time as vital compoment of all you report and do.
If you think about every single trade or position, then the answer is simple. It is impossible.
There is no trader with just profitable trades. If you know some, give me a call, send me an email.
I want to know him. It would be a genius. Extinct genius.
Long-term wins are a key
As we already wrote in How much forex traders make a day, looking at day profitability or single trade profitability makes no sense. You have to look at a bigger picture.
You need more extended time, a bigger sample of trades for evaluation. It is the same everywhere in the financial industry.
Mutual funds, Hedge funds, or banks report results every quarter, but yearly results are most important.
Every time for forex trader
Every forex trader has to keep in mind that it is not just about profit in every single position. It is more about keeping the overall balance in green.
Minimalize your losses, when a market goes against you and maximize profits when the market goes your way. Order management is critical in reaching your profit goals. It is not easy, but not impossible.
In the past, when I run a successful forex business, every time meant month and year, for me. I did not want to finish the month at a loss, but of course, it happened.
Most important was a year, to be in green at the end of December was crucial. Yearly results are the results you have in your annual report.
Yearly results will be shown to existing and potential investors. Therefore every time does not mean every day, but every year.
Although I like winning days more than losing ones, too.
How to win at forex every time or forever?
In the end, we need to say this. There are many more losers on the forex market as winners.
To be a winner at forex means to be profitable in a really long time. Not days, not months, not years. If you are profitable after 5 years of trading, that is great.
But it does not mean that next year you will not lose everything during a market crash on your preferred currency pair. (see SNB, CNB or Brexit story). The successful trader has to be on alert every day, every minute to prove that at the end of his trader’s life, his P&L balance will be green.
If you read everything written above, you will understand our final statement. For beginners, the right answer for “how to win at forex every time” usually says, “you will win every time you are staying away from markets.”
hany
I’m very sorry but all what you said was wrong . i know you will not believe me , but it is the truth . anyone can win every trade , i mean it , you can win every single trade . the trader is just a strategy .. if you have the 100% win strategy you will only win. but does it exist?? yes there is a 100% win strategy. of course such strategies is not for sale or published but it does exist.
we are the 5% who wins . we don’t lose. we only win.
in trading you are a hero or a zero. no other classifications.
i can bet you don’t know how the smart money moves in the market. even i think you never won 5 trades in a row.
the writer has no experience in the subject. Bad article.
Paul Byron
Let me comment just this “we don’t lose. we only win.”
I strongly doubt it.
Cecil
Yeah he is right. Its big bank money that allways wins so unless you own a bank with billions to move money in your favour… Your part of the losing 95%. Sure u can look at market segment and try to follow smart money or the banks going against the market but if u have that data do u not think they and their think tanks have it too. They way to success in my 1% opinion part of the 95% pool is small investment, know when to stop and diversify your portfolio look into things like futures like sp500 etc. And yeah there will be losses thats why key again in my opinion is knowing when to get out of winning trades and losing trades and if your really sure about your move but the market goes against you and you think its just noise… be inovative my friends, hedge the bastard and then wait for the market to turn and confirm but dont just let losing trades run my. Me personally I like to place a day trade in the morning and then scalp against it. Yeah sure sounds stupid but works for me. I liked the authors post and winning 100% of trades… Unless u have a couple of million lying around to hold on to losing trades and eventually turn them into winners dont belive this bull **** if this is true why not share it or why even bother to comment on this if your not gona put your money where your mouth is… I’ve won 5 in a row but also lose 5 in a row…