How do you know you are profitable trader

[Ronsbit]

Most times I read how people only talk about the money they get from trade as profit, but do you know that the experience you got from that trade you made such profit, is also a profit as well?  Yes, it is because it is the knowledge that you had received from that trade to make a profit, you will still replicate to make more profit, so the knowledge you have gained is also profitable, and that makes you a good and skilled trader. So it is not all about the money you gained from the trade that makes you profit, but also the skills, experience gained are also part of the profit.

[Berry2d]

Most times I read how people only talk about the money they get from trade as profit, but do you know that the experience you got from that trade you made such profit, is also a profit as well?  Yes, it is because it is the knowledge that you had received from that trade to make a profit, you will still replicate to make more profit, so the knowledge you have gained is also profitable, and that makes you a good and skilled trader. So it is not all about the money you gained from the trade that makes you profit, but also the skills, experience gained are also part of the profit.

Doing well in business is not only in capital but also in knowledge as stated above, some only values that financial aspects of the business but fail to recognized the profitable knowledge applied the gain such benefits. I still don't forget one of the laws of motion that states to every action there is equal and opposite reaction which means the level of commitment in business determines the profit generated and when there is know dedication the business will fall. So to know when there is profit in any activities we are doing, there must be result in both financial and knowledge in executing such task

[Byebyebtc]

Many believe that being profitable means that they will no experience losses , which is wrong no matter are professional you are in trading losses are inevitable so as for winning .

Being a profitable trader is simple it means that your wins are far more than your losses . Meaning that your risk management is well checked,  your wins are far more than your losses .

What is hindering most of us to getting to such point (being a profitable trader) is our emotion which is greed and fear , we easily get greedy when comes to placing trades that we usually neglect taken proper risk management. And most time because of fear we easily abandon our potential trades and selling halfway and stuff or not even taken the trade at all .

We need to know when to trade and when not to trade , and also we need to be able to identify high probability trades from low once so that will be able to make good use of high probability and same no when to avoid taken a low probability trades.  And the best step to be profitable is knowing what you are doing , like having a good strategy even when you haven’t completely mastered it , having enough capital and learning from your mistakes and knowing how to prevent such mistakes from the lesson the market has taught you .

Your very correct sir, people fail to understand this, they chase perfection, but that's the wrong thing to chase why don't you chase
Risk management
Good risk to reward
Quality setups only
Willingness to learn from your losses

Chasing this stuffs is what makes a profitable trader, not perfection, even your mentors are not perfect, let no one deceive you.
First of all forex it's self is not easy you have to flow with it, flow with the trend, your not the one who controls the market,
you want to collect from the market, why don't you act like you want to collect from the market?

It's just about understand the flow and how to catch them let your mind set towards the market be ...
"If the market does this then it will do this" and then you will partake
Not "the market will do this "Who be you? lol
We all should try to be discipline
And patient

[Coin_info]

What is hindering most of us to getting to such point (being a profitable trader) is our emotion which is greed and fear ,

Trading exposes your true nature. If you are a greedy person by nature, that will be what you will need to fight against to become successful in trading, likewise if you are a person who is fearful. Some traders have failed to recognize this, hence the reason they have remained unsuccessful in trading. Mastery of yourself and nature is key to being a successful trader and the sooner noob traders recognize this, the better.

If trading was mostly just strategy, many trader will be successful, but because it also involves psychology, that is where most have failed.

[Orpichukwu]

A profitable trader na di person wey make gain more than di loses. Like a day you fit open 10 trade and out of di ten trades you fit make profit from 8 and loss only 2 and the amount you make will be higher than di loses.

You fit still enter trade like 10 trade make two winning way you go get cover up all the 8 losses, how we they carry calculate the profit and loses nah through how much the person carry open trade and how much profit the person make from the trade no be just by the number of trade way the person collect profit some profit they big pass lose sometimes as no be same amount we they carry open position for every trade.

[Iamgoat]

Trading exposes your true nature. If you are a greedy person by nature, that will be what you will need to fight against to become successful in trading, likewise if you are a person who is fearful. Some traders have failed to recognize this, hence the reason they have remained unsuccessful in trading. Mastery of yourself and nature is key to being a successful trader and the sooner noob traders recognize this, the better.

If trading was mostly just strategy, many trader will be successful, but because it also involves psychology, that is where most have failed.

Where many people even get it wrong is, they do not accept they have such bad character and just keep making one mistake repeatedly. It is difficult these days for people to be honest with themselves which is a bad thing to do. As an individual if you want to propel high in life, in whatever you do, try and be very honest with at least yourself if not any other person because you owe yourself the honesty to be able to take the right decisions without being emotional or sentimental about it.  When you do so, you will be able to truly know if you are a profitable trader or non-profit able one. If you are, continue trading, if you are not, run and leave trading alone.

[I_Anime]

What is hindering most of us to getting to such point (being a profitable trader) is our emotion which is greed and fear ,

Trading exposes your true nature. If you are a greedy person by nature, that will be what you will need to fight against to become successful in trading, likewise if you are a person who is fearful. Some traders have failed to recognize this, hence the reason they have remained unsuccessful in trading. Mastery of yourself and nature is key to being a successful trader and the sooner noob traders recognize this, the better.

If trading was mostly just strategy, many trader will be successful, but because it also involves psychology, that is where most have failed.

This is indeed true , that’s another thing I found interesting in trading it brings out your true nature , which may also help in self development too , but the thing is that the learning process is never friendly in trading tend to learn the hard way , and if you are the stubborn type that don’t learn easily from your mistakes , trading will definitely humble you . Funny part is that it will become clear after going through those tough moments.

[TrialBitcoin]

A profitable trader typically exhibits certain characteristics consistent profits:A track record of making money over time, rather than relying on one-off wins.
Risk management: Ability to limit losses and manage risk effectively.Adaptability: Willingness to adjust strategies as market conditions change.Discipline: Sticking to a well-defined trading plan.Continuous learning:Regularly reviewing and refining trading strategies.

Average profit per trade: A measure of profitability per trade.Maximum drawdown: The largest peak-to-trough decline in equity.
Trading journal: Keeping a record of trades to track performance and identify areas for improvement.
Regular reviews: Periodically assessing trading performance and adjusting strategies.
Emotional control:Managing emotions to make informed, objective trading decisions.Start small: Begin with a demo account or small positions to test
strategies.Stay informed: Stay up-to-date with market news and analysis.Avoid over-leveraging: Manage risk by limiting position sizes.

[Cyber_warrior]

Many believe that being profitable means that they will no experience losses , which is wrong no matter are professional you are in trading losses are inevitable so as for winning .

You can’t be a trader and you won’t be losing, it’s not possible, as long as you u be trader, make u just Dey expect loss to happen, but Wetin Dey be say make sure say your profit just Dey more than your loss. If your profits Dey more than your loss, then that means say you get better strategy be that, and make u stick to am, but if you be trader, and you notice say your loss Dey more than your profit, then make u know say something Dey wrong, make u try check Wetin Dey wrong, and how u go take fix Wetin Dey wrong.

If you see anybody wey wan guide you about trading wey d person Dey claim say na professional trader dem be, then make u know say d person wan just scam you, because nobody go talk say na trader him be, and him no Dey loss money.

[DaNNy001]

It's easy to know if you are a profitable trader, this isn't measured by the losses you have but it's a measure of how much profit you make in the long term...losses Cannot be avoided but with risk management it's possible to be in profit, if i trade for 20 times in a month and despite my losses i end up making more profits than my losses I'm considered to be a profitable trader, making lots of short term profits means you are losing

[Sammye3]

There's a lot more to trading than just knowing the fundamentals. The consistency, patience, persistency is what makes a good trader.

Of course it is normal to experience losses in trades but only a good trader would bounce back from such losses and repeat same patterns until there is a result.

A pattern that favors your trade would not always make you profits but losses too in the long wrong. It is normal for beginners to try several trading strategies before mastering a particular one but sticking to one is always the difficult part.

[I_Anime]

There's a lot more to trading than just knowing the fundamentals. The consistency, patience, persistency is what makes a good trader.

Of course it is normal to experience losses in trades but only a good trader would bounce back from such losses and repeat same patterns until there is a result.

A pattern that favors your trade would not always make you profits but losses too in the long wrong. It is normal for beginners to try several trading strategies before mastering a particular one but sticking to one is always the difficult part.

Trading quite easy just apply , some simple and principle and all thank to God such principles as being working fine . When you loss don’t get too work out be calm because a good set up will give times good of your losses once

All you have to do is to be patient and wait for that complete set up to appear in the chart then take the trade and wait let the market do it thing is not everytime you have to be in haste to trade once your set up ain’t complete just leave and wait for another .

[Makus]

That's easy, if you want to know if you are a profitable trader check your profits and losses at the end of the week or at the end of the month, if your losses outweighs your profits then you are not categorized as a profitable trader. Losses are part of the experience on trading, you can't avoid it but that's not what you should be concerned about, as long as you are in profit in the long run your losses doesn't really matter. The only way to ensure this is by having a good trading strategy