The Consistent Trader: How to Build a Winning Trading System, Master Your Psychology, and Earn Consistent Profits in the Forex Market Kindle Edition

I can't say how intense it has ever been, but I've had an infatuation with trading for some time now. While I own several other books on trading, e.g. "Candlestick Charting Explained", "Mastering The Trade", and "Currency Trading for Dummies" to name a few; "The Consistent Trader" by Sam Eder is the first book on trading that I've read from beginning to end and enjoyed every bit of it. This book provided an aspect of trading that I've been needing and am grateful to have found. I plan on reading it again and maybe multiple times to keep me in the right mindset for trading as I continue on my journey. I feel like I found the keys to the kingdom for becoming an actual profitable trader and not just a fool throwing his money away. Sam's book has made me look at my other trading books with renewed interest. I believe I will now complete each one of them knowing I am in need of more education and knowledge, however "The Consistent Trader" will alway hold a very special spot in my trading library due to the missing niche it filled. I know I'm only at the beginning of my serious trading education, but I'm no longer simply infatuated with trading I am now a serious and dedicated Trader in Training that will hopefully become an actual trader in due time that will also become one of the profitable traders. If I am able to achieve that, I will owe much of the credit to the guidelines Sam has laid out in "The Consistent Trader" along with the motivation I received from finding a style I want to model myself after, e.g. "The Beliefs Of Top Traders"! Good Stuff! Thank you Sam!

After being a losing trading for over ten years my epiphany occurred in late January 2018 after I read "The Consistent Trader" by Sam Eder. His book provided the last piece I needed to become a consistently profitable trader. It walked me through how to develop a trading system. I expect much better results from this moment on. I will say it is one of the best purchases I have made.Upon first reading of his book, I thought it was missing a vital element. That being an exploitable edge to use in the markets, but now I understand that your edge is personal and should be developed on your own. It has to be something that you believe in fully and what works for some does not work for others. So, read this book to learn how to set up a system around your trading idea that will keep you in the game.Oh, yeah there is some stuff about joining his website, which I probably will do, but I have received immense benefits just from reading the book.

The author has many years of successful experience of his own, and here he is to share his experience with the readers who wish for the similar success.His advices are not “just do it and you will be successful like I have”, but “you should do it right, and I'm telling you how to do it right.” I’m hundred-percent with him on this since “just doing it” doesn’t guarantee you the same success as the author's.The author insists that you must have belief in yourself, but you better not misunderstand what the “belief” the author keeps on emphasizing really means. He makes it clear that "that belief" requires discipline and hard work: Belief and confidence come from your expertise based on your wide and deep knowledge, and the knowledge comes from enough experience and hard work to acquire it.“Once you have awareness of your current beliefs, the next step is to gain knowledge of a new set of beliefs: the beliefs of top traders.”Sam Eder, “The Consistent Trader: How to Build a Winning Trading System, Master Your Psychology, and Earn Consistent Profits in the Forex Market”, Kindle Ed. (TCK Publishing, 2017), Kindle Location 245.This is my understanding that the first belief is your goal that you really wanna start this, and once you start you must have the second beliefs called the knowledge from hard work and effort to make your goal and dream come true.The author is very clear how tough the hard work could be in the same page: “Simply do your best, and realize that resistance and pain are signs you are growing.”Sam Eder, “The Consistent Trader: How to Build a Winning Trading System, Master Your Psychology, and Earn Consistent Profits in the Forex Market”, Kindle Ed. (TCK Publishing, 2017), Kindle Location 245.Therefore, if you misunderstand the “belief” you are wrong off the beginning heading for a foreseeable failure.Certainly this book must be aiming very specific and limited readers with any clear goal in this field. I don’t think anyone who got no knowledge or any certain goal in this discipline should ever try this based on sheer belief if the belief is not from good enough knowledge, but from luck, which is now gambling then. And that’s why the author insists that the readers should read this book thoroughly without skimming as many times as possible in order to gain that knowledge or “tips” that the author’s gonna provide to you.And once you start this, you must stick with this book and practice what you learn from it no matter how unsatisfying the initial results turn out.“Top leaders and traders share some common traits. In particular, they have a high degree of emotional intelligence and are engaged in self-study. They are able to formulate a plan that is right for them or their organization and stick to it with rigid discipline and confidence. Furthermore, when facts change and the plan needs adjusting, they are able to recognize this and adapt… Basically, the better you are at controlling your emotions in the market, the more successful you will be. If you are here for the thrill of it, then you are unlikely to remain consistent over the long-term.”Sam Eder, “The Consistent Trader: How to Build a Winning Trading System, Master Your Psychology, and Earn Consistent Profits in the Forex Market”, Kindle Ed. (TCK Publishing, 2017), Kindle Location 291.It is the ultimate-duh basics, but we often forget it. The author reminds the readers that it’s not gonna be easy for the beginners; it takes long time and patience with discipline, so if you expect to learn to win a lot of money right away just by reading this book once, you’ve misunderstood the author’s intention and are likely to do it wrong after all.A comment about the book for the author: I find no clear indication of FX in the cover. The “FX part” in the subtitle must appeal more than the title “Consistent Trader”, so the readers who’ve got certain interest in it can find this book easier. I think "Consistent FX Trader" is a better title. Plus it’s better if FX or Forex is plainly written Foreign Exchange at least once in the beginning of the book because there are many beginning trader wanna-bes who don’t recognize FX as Foreign Exchange.All in all it’s fairly a good book with a lot of good, important advices, tips and knowledge from an expert in the field.

This book is very comprehensive and shows a very systematic, process-driven approach to FX trading. The author addressing the usual topics of technical analysis - trading mechanics like entries, exits, stops & trailing stops, but also how to deal with news events, global macro, geopolitical risks, risk/reward ratios, trade, money, & risk management, and the all-important but often neglected or dismissed as unimportant topic of trading psychology. The psychology in turn is broken down into items like the belief system of a successful trader, the importance of goal setting, the need for discipline, taking responsibility of all trading outcomes, the importance of inner confidence, & leading a balanced life.A great book, well-written & thought out, with plenty of examples – a great starter book for the beginner FX trader, or as a refresher for the professional trader - highly recommended.

Un livre complet qui aborde plus précisément le mental du trader L’auteur s’appuie sur des livres et des auteurs connus tels que van tharp ou jack schwagger et nous parle surtout de la gestion des positions. On découvre qu’ouvrir une position est plus facile que de la clôturer! Un livre sérieux qui loin de faire rêver délivre les clés du métier de trader. Ce qui n’est pas une sinécure!

My biggest gripe with trading book reviews is that noone ever tells you if theyve made money from it. So for me this book is excellent. For the first part he tells you how to take any potential system and make it work. He explains everything from entries, exits and psychology. He also explains how to develop and test yourown system.From the 100s of books i have read on trading I woukd say this is the only one you need in 2020. Although if you put this and Tharps Trade Your Way To Financial Freedom youd also have a bunch of systems to test too.Those 2 guys should get together and create a book on systems. Id pay a grand for it!That said, this book does include a winning system. He only has 1 month of trades to show it. But you should do your own trials before trading anyway... That said the system runs on the London open and Im on NY time.... So not gonna work for me... But maybe I can test it on the NY open...Anyway awesome book. Buy it.

I've read a lot of free online content from FX Renew over the last 2 years and had high expectations for this book. My expectations were massively exceeded.Sam is very generous in providing highly valuable and actionable insights covering all components of forex trading; such as having the right belief system, developing your own trading strategy and an elite performance mindset.The book is written in a style that keeps you fully engaged and inspired throughout.A highly recommended read for anyone wanting to succeed as an online trader.

liked it as now i am searching not strategies as worked on strategies is done but now i am searching info regarding managing and becoming a successful trader for that what is requirement etc this is nice book

It is a fantastic book and I thank Sam Eder very much for writing it!He outlines the approach, believes and successes of great traders (Market Wizards) accompanied with the Van Tharp theories, and more. This all in a very structured and intergraded way, as never been done before. Very clear and explorative to read!! I gained a lot more insight an global understanding of trading. A real must for everyone who is taking trading seriously!