Habits are the keys to success in every aspect of our life as well as in trading. How to develop strong habits? The answer is – through consistency. Whatever you do consistently becomes a habit. If you consistently go to bed early and wake up early, it becomes a habit. If you consistently use a risk management plan and stick to your trading strategy without over-trading, you are likely to develop some very powerful trading habits that will result in becoming a successful trader.

Thus, consistency forms habits and habits bring results. Negative habits bring negative results, positive habits – positive results. It sounds very simple but it is not always easy.

  • Consistency in using your trading strategy and sticking to a certain trading method is the most efficient way to find out whether it is truly worth using or not.
  • Consistency in risk management is the most efficient way to keep your losses as well as your emotions under control.
  • Consistency keeping a trading journal is the most efficient way to keep track of all your trade records and the best way to improve your trading.

Summarizing let’s say consistency in all the above mentioned points is the most efficient way to develop effective trading habits and achieving a success.

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