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How long it takes to learn

Seb King (sebking1986)
Oct 08 2021 at 10:46
538 posts
I'm not sure you ever stop learning. Bit of a cop out answer but as you are probably alluding to to be competent trader again it is hard to say. It depends how you take to it, if you are learning the right way for your personality, how much time you have to learn and practice etc
If you can't spot the liquidity then you are the liquidity.
Oct 09 2021 at 18:12
94 posts
It will typically take on average around 1 year for someone to learn to trade forex. The technical side can be learned within a few weeks, but the risk management and psychology will take around a year to come to grasp. The majority of traders give up before ever learning to consistently trade the markets.
HeavenLeighGill (HeavLeighGill26)
Oct 12 2021 at 16:58
401 posts
If you're wondering how much time is required for education before you're ready to open a live account, I'd say that the answer is subjective. Some may learn very quickly and understand all the info, while others may struggle with some of it and have to spend more time on certain subjects. Whenever I got stuck on something, I went to Babypips or YouTube and that seemed to help. It also depends on how much time you devote to learning at a time, as obviously someone that's spending time each day learning would be prepared before someone that only does so once or twice a week.
From that point, there are always new things to learn. I spend my free time looking at strategies, reading articles, talking to other traders on forums like this one. There's always something new to learn and other traders can share valuable information.
Oct 13 2021 at 08:12
24 posts
As it says, LEARN till you EARN.
Chelsea Blacks (blackChelsea)
Oct 13 2021 at 10:27
125 posts
Learning is a never ending process.
Oct 13 2021 at 11:28
61 posts
It totally depends on your dedication and ability to grasp things.
Oct 14 2021 at 04:41
18 posts
It depends on trader’s ability. I spent 4-6 months on demo account then I went to real trading.
Oct 14 2021 at 08:26
24 posts
It is a never ending process actually. Even if you become a pro, there'll be still a room for improvement so keep learning and growing.
Oct 15 2021 at 10:49
53 posts
Never stop learning about forex and trading. It gives an edge to make money while trading forex.
Oct 17 2021 at 01:16
176 posts
It depends on trader himself how quick he can learn forex . Demo trading is very necessary to get good results in forex when you start real trading.
Oct 18 2021 at 07:14
46 posts
Learning is an unstoppable process; it applies to forex trading as well. Though you can clear your basics in 2-3 months, creating your own strategies and becoming excellent at analysis is not a matter of months. Once you finish courses and basics, you should start demo trading. You can trade with your money when you start making consistent profits.
Oct 18 2021 at 08:28
12 posts
You know, you need to learn new all the time. But as for me, bas knowledges are take half a year. Then improve your knowledges all the time.
HeavenLeighGill (HeavLeighGill26)
Oct 18 2021 at 12:49
401 posts
Agree that it depends on the person. Some may catch on quickly and others may take more time, but I think a lot of people could be good traders if they spend enough time and take in enough information.
Oct 18 2021 at 14:33
40 posts
Learn what? Anyone can learn the mechanics of trading pretty quickly, and trading a demo account seems to make everyone 'rich' in a short time. Demo accounts are simply lures by the brokers to get you excited about trading by letting you gamble with funny money. You can't learn with a demo account because you don't know the techniques by which the market is manipulated by big banks.

There is a reason why 90% of all small retail traders lose all their money and fail when trading 4x. They begin trading when they learn the basic mechanics, usually by scalping, and using some indicator that doesn't show the future movement of currencies. If trading was easy to learn, and a way to get rich quick, you couldn't get a hamburger at a McDonalds because every teen ager would be a rich trader.

 But it takes work to learn how those big bankers use Fibonacci series math to signal each other on entries and exits and so many other techniques of price action analysis. Like me, you can stumble around for years, picking up bits and pieces of good information while being fleeced by FX gurus who have nothing to teach you but bitter experience. If you see an ad for a FX trainer with a guy in front of a mansion and his Maserati, the chances are the only thing he will teach you is that you picked another loser. Find a good trainer with a good reputation if you want to succeed in becoming a trader. Invest some money in an education on FX. The odds of you learning how to beat this market on your own are daunting.

Oct 19 2021 at 07:18
111 posts
Forex trading is not as easy as everyone thinks it is. On average, forex traders lose money 70% of the time. It takes a lot of time to learn, and you need to know what you are doing. Never get involved in forex trading if you don't have sufficient knowledge.
Oct 19 2021 at 10:09
24 posts
LyudmilLukanov posted:
It depends on trader’s ability. I spent 6-7 month in demo account then I went to real trading.
6-7 months isn't a short period of time. How are you doing in trading now?
Oct 19 2021 at 11:07
18 posts
I guess it varies from trader to trader. Some are quick learners while others are don't. I believe proper time should be given to the learning part as it's gonna make you stay for longer in this game.
Oct 19 2021 at 18:31
213 posts
Don't go live till you make regular money in demo mode
Oct 19 2021 at 18:55
28 posts
It depends only on you and your cognitive abilities actually. There are plenty of reasons which affect your learning process. The main is how many time do you dedicate to learning trading. I guess that mainly people should dedicate lots of time in order to reach success. Nevertheless, you have to understand that learning means practicing. It will be enough forr you just to read some information about trading activty about various patterns/indicators and figures. Right after you read the information you should find a broker and open a demo account. It's recommended to stay on demo no more than couple of months.
Oct 26 2021 at 14:11
19 posts
It depends on your abilities actually. Some people can learn trading within couple of days, while for other it may take months and years. There are no complete form of a trader actually. Learning is an inevitable part of trading activity and even professionals find out something new for them in trading actually. It's not surprising because trading activity is variable and diversified. In my opinion, as a rule, learning thoery takes up to couple of days, while practicing may take weeks. As soon as you understand that you can create your personal strategy, then probably you've completed your learning and can start real trading.
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