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How long it takes to be profitable

Akasuki
May 05 2021 at 12:32
512 posts
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.
Alan (alanproject)
May 06 2021 at 01:32
10 posts
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!😄
Brank_A
May 06 2021 at 09:34
19 posts
It solely depends on the person's ability in my honest opinion.
UweMoench
Jun 06 2021 at 11:20
751 posts
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)
Jun 06 2021 at 23:18
305 posts
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.
Cordawield
Jun 08 2021 at 07:56
65 posts
As for me, you need to at least give yourself a year in order to really go to a certain income.
billysnyder
Jun 16 2021 at 13:16
95 posts
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.
AliaDare
Jun 16 2021 at 15:43
788 posts
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)
Jun 16 2021 at 21:45
348 posts
10years+
if you follow the flock like sheep you always end up stepping in shit!
Suradi (FXOday)
Jun 16 2021 at 23:29
305 posts
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.
Dictiony
Jun 17 2021 at 00:21
231 posts
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.
OrlandoGT
Jun 17 2021 at 06:42
10 posts
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)
Jun 17 2021 at 07:46
187 posts
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.
thespreader
Jun 17 2021 at 08:59
13 posts
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)
Jun 18 2021 at 09:13
148 posts
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.
RobSchiz
Nov 03 2021 at 20:30
567 posts
MarcellusLux posted:
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.
I think it depends on a trader's trading ability
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