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How long it takes to be profitable

Jan 03, 2021 at 07:20
33 Replies
Alan (alanproject)
Member Since Dec 18, 2017   12 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   19 posts
May 06, 2021 at 09:34
It solely depends on the person's ability in my honest opinion.
Member Since Jul 19, 2020   751 posts
Jun 06, 2021 at 11:20
It takes time to be profitable. But the sad thing is most newbie thinks three to six months demo trading will do the tricks. And when they realize it's too late for some traders. Trading is a skilled based job. You can't do it without being skilled.
Suradi (FXOday)
Member Since Apr 03, 2021   470 posts
Jun 06, 2021 at 23:18
It's not a short time, but required a long time to learn, and also depending on how good our skill, because each human born with own talent, if you are born and talented to become an expert forex trader hence only need shorter time instead of untalented people, long time experience in forex trading does not guarantee will always make a profit.
Member Since Nov 03, 2020   65 posts
Jun 08, 2021 at 07:56
As for me, you need to at least give yourself a year in order to really go to a certain income.
Member Since Jun 16, 2021   111 posts
Jun 16, 2021 at 13:16
Making money should not be the sole aim of any trader. As a beginner, your aim must be learning new skills that will make you a consistently profitable trader, which is better than making profits once.
Member Since Jul 19, 2020   788 posts
Jun 16, 2021 at 15:43
sherifmesseha posted:
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
Great post, I think it will help a lot for new traders. If any trader does not know about the plan, he can gain knowledge from this post.
sirius1fx (sirius1fx)
Member Since Oct 23, 2012   349 posts
Jun 16, 2021 at 21:45
if you follow the flock like sheep you always end up stepping in shit!
Suradi (FXOday)
Member Since Apr 03, 2021   470 posts
Jun 16, 2021 at 23:29
I think many traders at first time trading career they cant maintain an account for more than six months, so if any trader already able to make consistent profit more than four months it's already a good trader, and to achieve this level also depending on each trader skill, knowledge, and experience.
Member Since Apr 01, 2020   231 posts
Jun 17, 2021 at 00:21
It totally depends on the trader himself and his ability and also must have good skills and knowledge of all forex tools and technical analysis.
Member Since Jun 15, 2021   10 posts
Jun 17, 2021 at 06:42
It all depends upon your level of forex trading knowledge, time you devote, platforms you use for trade and most important is how much you are paying as commissions to the brokers.
Sar John (Sarjohn)
Member Since Dec 28, 2020   187 posts
Jun 17, 2021 at 07:46
There is no fixed time to learn. It totally depends on person to person, some traders learn easily and some traders take a long time. But you must learn at least for 6 months then go for live trading.
Member Since Jun 15, 2021   13 posts
Jun 17, 2021 at 08:59
It depends individual to individual as everyone has different level of understanding and risk capabilities. It took 6 months to me to book profit on my first trade.
Marcel Durham (MarcellusLux)
Member Since May 19, 2020   337 posts
Jun 18, 2021 at 09:13
As soon as you see that your trading system gives you a stable level of income, you can consider that you have taken the first step towards success. And then the constant improving and the constant struggle with a volatile market.
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