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How long it takes to be profitable

Jan 03, 2021 at 07:20
1,378 Views
30 Replies
Member Since Jul 19, 2020   751 posts
Jan 03, 2021 at 07:20
No one knows. It differ from person to person. And even most people never get into it. It Will depend on various factors. If you come to forex by knowing that it's the easiest thing to do, first you have to unlearn yourself. Then we have to relearn everything. How quick learner you are that's a matter. How well you can apply your knowledge that's also important matter. So it's better to learn without any negative thinking.
forex_trader_2058895
Member Since Jan 01, 2021   14 posts
Jan 03, 2021 at 23:09
Some people would say well said, but I would say it's pretty obvious.
Member Since Jul 19, 2020   788 posts
Feb 10, 2021 at 14:57
It depends on your mindset. The stronger the trading mindset, the sooner you can be profitable.
Member Since Feb 10, 2021   1 posts
Feb 10, 2021 at 17:15
It depends on the industry, your strategy and the amount of money you're investing.
Member Since Apr 07, 2020   2 posts
Feb 10, 2021 at 20:25
the keys (self experience for just 9 months)
1-be master in one or two strategies.
2-be commitment with your risk management.
3-read every day about just two things (your strategy and psychology)
4-forget your emotions when you trading just follow the trading strategy.
5- identify reasonable monthly income and when you got that, just go out of the market for rest of the month and learn more.
6-if you got your goals for four to six months, right here you will know you are on the way to be profitable and consistent trader.
the results
at least 10% profit per month for four months consecutively
Alex
Member Since Nov 03, 2020   65 posts
Feb 11, 2021 at 08:14
As for me, you can see tangible results from trading after a year of work.
Member Since Jan 22, 2021   125 posts
Feb 17, 2021 at 10:42
This completely depends upon the individual’s understanding level of forex trading. I took around 10 - 11 months to take up my success ratio to 60 to 70 % of whole trades. If you have a mentor to guide, this period may be shorter than mine.
Member Since Jan 11, 2019   147 posts
Feb 17, 2021 at 11:13
there is no fixed time..it depends on the trading strategy.
Member Since Mar 17, 2021   536 posts
Apr 20, 2021 at 15:56
DavidCL posted:
It depends on the industry, your strategy and the amount of money you're investing.
Yes. It is completely depends on a trader's ability, skills and knowledge.
Member Since Jul 23, 2020   869 posts
Apr 21, 2021 at 16:58
Making profit is easy. But making it consistent is hard and takes a long time to achieve.
Member Since Jun 30, 2020   90 posts
Apr 22, 2021 at 09:12
When it will be achieved, if you make efforts, if you really act and make efforts, then, in principle, you will soon get a good income, and the result appears for everyone in different ways.
Member Since Jan 22, 2021   125 posts
Apr 22, 2021 at 11:05
LyudmilLukanov posted:
Making profit is easy. But making it consistent is hard and takes a long time to achieve.

Correct! And for that you must be persistent with forex trading and have motive to improve from the mistakes that pushed you into losses
Member Since Sep 12, 2017   238 posts
Apr 22, 2021 at 11:15
there is no time, it can take ages or it can be in few minutes
Member Since Jul 23, 2020   759 posts
Apr 22, 2021 at 15:56
perryjohn765 posted:
there is no time, it can take ages or it can be in few minutes
Making consistent profit takes time. Traders need proper knowledge and experience to do that.
Member Since Jul 27, 2020   81 posts
Apr 23, 2021 at 14:17
It will take you about 2-3 years to fully master Forex trading.
Member Since Jul 19, 2020   751 posts
May 03, 2021 at 14:48
@Beagelv It depends on a person's approch towards learning. I have seen people trading for 10 years still not making consistent profit. It is because they are more focused on earning than learning.
Member Since Jul 19, 2020   788 posts
May 03, 2021 at 16:28
perryjohn765 posted:
there is no time, it can take ages or it can be in few minutes
I think it is not possible to gain trading profit unless skills are developed.
Member Since Mar 28, 2021   617 posts
May 05, 2021 at 12:32
It vaires person to person. If you focus on developing skills, it would take less time. But if you focus on earning from beginning, It would takes years.
Member Since Dec 18, 2017   15 posts
May 06, 2021 at 01:32
Personally it took me around 10 years.. I felt like giving up multiple times but it's so worth it in the end.
The key thing is being able to change your own feedback loop... getting your trading psychology sorted out to be intune with trading. This I found extremely difficult to do.. you are trying to reprogram your own brain... which I guess why it took me 10 years!😄
Member Since Dec 16, 2020   23 posts
May 06, 2021 at 09:34
It solely depends on the person's ability in my honest opinion.
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