What do you think?
Rate this book
The Consistent Trader: How to Build a Winning Trading System, Master Your Psychology, and Earn Consistent Profits in the Forex Market
How to Trade Smarter Than Wall Street and QuantsBy popular demand, the book version of the much acclaimed Forex Course for Smart Traders is here.Most traders learn to trade the wrong way. It's only years later they realize their trading system has been focused on all the wrong things. Instead, save yourself countless hours and dollars by learning to trade Forex based on the principles and practices of history’s greatest traders.Learn what really works and what doesn’t. It’s doing the simple things well that will yield the best results in trading. If you fail to master the fundamentals of successful trading, you are virtually guaranteed to fail long-term because of poor risk management.In this book you will The 25 beliefs of highly successful traders and how to model themThe scientific path to financial freedom using a trading system that creates consistent profits again and againHow to develop a working model of the forex market that allows you to spot opportunities and avoid mistakesHow to get an edge and trade like the “house” without an algorithm or inside informationHow to set simple objectives before you trade that let you risk less and win big more oftenThe formula you must know for proper position sizing and minimal riskThe key to developing a winning Forex system by understanding market typesDamn good Forex set-ups you can start using right nowHow to stalk a “low risk / high reward” entry pointHow your stops get hunted and what to do about itTrading what’s in front of you with a complex exit strategyTrading after the advanced trade management techniques that keep you in winning positionsHow to run your trading business like a hedge-fundHow to be mistake-freeHow to avoid system death for goodHow to develop the master trader mindsetThe one secret the world’s top trading psychologist recommendsHow to balance your trader, analyst, and risk manager rolesConstructing advanced position sizing algorithmsThe 12 daily tasks of top Forex tradersHow to get in the trading zone like an elite athleteThe essential keys to structuring your trading plan and executing your consistent trading strategyConsistent Trading is the Key to WealthThis book is not for everyone. Forex trading isn’t easy. For a few, those that do achieve mastery, it’s life changing. Success in Forex trading is not a mystery. It is a process that can be modeled by anyone willing to put in the time and effort. It takes time, hard work and the mental flexibility to step outside your comfort zone. No matter where you are in your trading it will take you to the next level.By applying the techniques and strategies in this book with patience and discipline you will grow and achieve mastery as a trader.If you are interested in books like Life and Work by Ray Dalio, How to Day Trade for a Living by Andrew Aziz, The Intelligent Investor by Benjamin Graham, How to Make Money in Stocks by William J. O'Neil, or How I Made $2,000,000 in the Stock Market by Nicolas Darvas, then this book is for you!If you want to know more about the following then scroll up and click buy and investmentsDay trading
302 pages, Kindle Edition
Published February 11, 2017
174 people are currently reading
138 people want to read
Ratings & Reviews
Friends & Following
Create a free account to discover what your friends think of this book!
Community Reviews
Displaying 1 - 5 of 5 reviews
June 30, 2025
What a great surprise! Inspired by the very bests in the field. It's so good to see R-Multiples in a book.
"You can wear beliefs as if they were a hat". What an useful belief!
"You can wear beliefs as if they were a hat". What an useful belief!
June 5, 2024
A good book with a lot of good, important advises, tips and knowledge from an expert in the field
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 advises 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 advises, tips and knowledge from an expert in the field.
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 advises 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 advises, tips and knowledge from an expert in the field.
December 25, 2018
This book almost flew under my radar but I'm glad I tried the Sample, and I later bought the book. Although it states that it is a book about Forex, the method and psychology can be used in any trading environment. The greatest value here are the chapters on the psychology of trading and how that is the key to consistently successful trading. These are worth the price of the book alone.
Well worth reading.
June 21, 2018
i want to read this book kindly allow me to read this book in pdf.
March 11, 2019
Awesome Trading book
Covering all the basic and advance information in trading subject. Recommended for those who wanted to gain more knowledge in trading.
Covering all the basic and advance information in trading subject. Recommended for those who wanted to gain more knowledge in trading.
Displaying 1 - 5 of 5 reviews