Difference Success and Not Success in FX is Consistency

During the time when I was consistently losing in FX trading, I used to think, “What makes the difference between those who are winning?”

I would often assume, “It’s probably the trading strategies they’re using.”

However, in reality, it wasn’t about that at all.
The real difference lay in other aspects.

The main difference was consistency.

When I started to achieve consistent results in FX trading and contemplated the difference between those who succeed and those who don’t, the answer that emerged was consistency.

Certainly, differences in factors like situational awareness, technical skills, and mental aspects also play a role, but the most significant difference was consistency.

Back when I was struggling and couldn’t seem to make any progress in trading, everything I did felt futile, and the charts appeared to be constantly random.

Therefore, I didn’t know where to trade, and I was trading based on a random sense, which made my trading also seem random.

However, in reality, the market exhibits movements that can be unpredictable at times, but upon closer examination, there is a pattern in these movements. Furthermore, whether it’s a 1-minute chart or a monthly chart, the market repeats similar patterns.

This means that by aligning your trading with these patterns, you can naturally achieve consistency in your trading, regardless of your trading style.

Even during the time when I couldn’t win at all in FX trading, there was absolutely no consistency in my trades.

However, when I realized this and started incorporating consistency into my trading, I experienced a newfound stability in my results.

So, based on this experience, I firmly believe that the difference between those who are successful in FX trading and those who are not lies in consistency.

Start by establishing some criteria.

The difference between those who are successful in FX trading and those who are not lies in consistency.

So, how can you achieve this consistency?

It starts by establishing criteria for your own trading.

When you’re not getting the desired results in FX trading, it’s common to have thoughts like, “I want to profit in every possible situation,” which leads to taking entries in various scenarios.

As a result, your trading lacks consistency, and when things don’t go well, you might find yourself in a state of uncertainty, wondering, “What’s wrong?”

So, if you’re currently not achieving the results you want, start by establishing criteria for your trading and limit your entry points.

For example, in my case,

– Buying on pullbacks and selling on reversals in trend reversal.
– Buying on pullbacks and selling on reversals during trends.

These are the two approaches I base my trading on.

By following these approaches, consistency is introduced into my trading, which leads to more stable results.

Moreover, having consistency in trading makes it easier to identify the reasons behind losses, especially when facing a series of losses.

From these aspects, having criteria for your own trading makes it more manageable from various perspectives.

Introduce consistency in the timeframe for trading.

To achieve consistent results in FX trading, it’s crucial to establish criteria such as:

– Trading only on trends.
– Trading only on reversals.

Furthermore, in addition to this, it’s important to maintain consistency in the timeframe you use for trading.

For example, during times when I was losing in FX trading, I might have set the 15-minute chart as my reference, but then, when I entered a trade, I would start looking at the 1-minute chart and quickly take profits when I saw a small gain.

And after taking profit, the trade would extend to the profit-taking point on the 15-minute chart, causing frustration.

Moreover, when it comes to stop-loss, originally I should set stop-loss based on 15 minute chart.

However, by seeing 1 minute chart, I set stop-loss based on 1 minute chart.

Therefore, after stop-loss, the rate reversed from my stop-loss point.
If I set stop-loss based on 15 minute chart, I didn’t cut the losses.

As a result of this, what should have been a 15-minute chart-based trade transformed into a 1-minute chart-based trade.

Hence, it’s necessary to maintain consistency in the timeframe you use for trading to avoid such situations.

Reconfirm your trading rules.

If you are currently not achieving consistent results in FX trading, you should reconfirm your trading rules.

For example:

– Are your entry rules well-defined?
– Is your profit-taking consistent?
– Are your stop-loss levels standardized?

These are some of the key points to consider.

When experiencing losses in FX trading, emotions often drive the trades, making these aspects somewhat ambiguous.

Therefore, I recommend reviewing your trading records and checking whether your current trading rules exhibit consistency.

FX can yield results with a simple trading strategy.

When it comes to achieving results in FX trading, one might often think, “I can’t win without a precise and sophisticated trading strategy.”

Especially when you see people posting their winning trade histories on social media platforms like X (Twitter), this belief can become even stronger.

However, to consistently achieve results in FX trading, you don’t need a top-tier strategy. It’s perfectly fine to use a simple strategy as long as you maintain consistency in your trading and manage your capital properly.

People often say, “Simple strategies can’t win,” but I completely disagree.
This is because my own primary strategy revolves around simple buying on pullbacks and selling on retracement.

Despite simple strategy, I’ve been able to achieve consistent results.
When considering this, it becomes clear that you don’t need an intricate strategy to achieve stable results in FX trading.

If you have doubts about whether a simple strategy can truly yield results, consider reading the following article.
Can Simple Methods Really Win in FX? Show You Real Results.

Summary

The difference between those who are successful in FX trading and those who are not lies in factors like trading skills and experience. The aspect of consistency in trading is a significant factor.

Therefore, if your trading results are currently not stable, it might be a good idea to start by checking whether there is consistency in your trading.
This could lead you in the right direction.