How long does it take one to be consistently profitable with forex trading
Member Since Aug 17, 2022
39 posts
Aug 29, 2022 at 07:38
Consistency comes with experience, the more you trade the more you will learn and the more you can earn. So, neither market nor your earning are stable, it all fluctuates with market fluctuations.
Member Since Aug 29, 2022
4 posts
Aug 29, 2022 at 14:01
Consistent research is the key to become a successful trader, for beginners copy trading/social trading of successful traders can be helpful but not recommended without proper knowledge.
Member Since Aug 19, 2022
44 posts
Aug 30, 2022 at 16:16
My advice to all newcomers is to make money on investments.
For example, my trader Marcellus has been bringing profits to his investors for more than a year and a half.
For example, my trader Marcellus has been bringing profits to his investors for more than a year and a half.
Make money with people who know how to make money.
Member Since Dec 22, 2020
11 posts
Aug 31, 2022 at 14:43
I do not think that the beginner can hope that in 2-3 months he will earn good money.
This is absurd.
I know there are fools who think they will make their first $1000 in a month.... lol... 😁
It actually takes at least half a year to start making money. I mean good money.
But that doesn't mean you have to quit your job.
You have to become a real professional successful trader first.
This is absurd.
I know there are fools who think they will make their first $1000 in a month.... lol... 😁
It actually takes at least half a year to start making money. I mean good money.
But that doesn't mean you have to quit your job.
You have to become a real professional successful trader first.
Aug 31, 2022 at 15:07
Statistics give a wide variation on this issue. In addition, few people manage to make money quickly and without problems. Work in a way that makes you feel comfortable, analyse what's going on and you'll be fine. The result will be. It will.
Aug 31, 2022 at 15:27
It's hard to say exactly how long it takes, but here's what I mean: 'more than you think'😁
Many beginning traders think that they will trade on demo account for 2-3 weeks and then will start regular profits.
I think that's predictable. We've all been that kind of people.
Let's look at forex as a regular business.
For every business it takes time for profit to start. Note that for some businesses it takes years.
As for Forex, it takes a few months to make a regular income.
Of course, much depends on your deposit and your trading strategy.
That's what else I want to say.
Many people think they can quit their main job after a month of trading.
NO! It's better not to do that.
You need at least half a year or a year to start making money all the time.
And I'll say it again. A lot depends on the deposit and the trading strategy.
Many beginning traders think that they will trade on demo account for 2-3 weeks and then will start regular profits.
I think that's predictable. We've all been that kind of people.
Let's look at forex as a regular business.
For every business it takes time for profit to start. Note that for some businesses it takes years.
As for Forex, it takes a few months to make a regular income.
Of course, much depends on your deposit and your trading strategy.
That's what else I want to say.
Many people think they can quit their main job after a month of trading.
NO! It's better not to do that.
You need at least half a year or a year to start making money all the time.
And I'll say it again. A lot depends on the deposit and the trading strategy.
Member Since Aug 17, 2022
80 posts
Sep 02, 2022 at 09:54
Getting profit out of forex trading entirely depends upon the trading style and understanding of the person because for some it may take years and for some even 2 months are enough, so there's no time bar as such but only lots of learning.
Sep 07, 2022 at 11:54
It depends on the person to person, and how much time are you willing to give to learn Forex trading. It took me 7 months to learn and practice and I'm still practicing. Because a demo is the only way where you can constantly improve your trading skill without having to spend a dime!
Member Since Nov 29, 2022
40 posts
Dec 26, 2022 at 11:56
It is difficult to determine how long it will take an individual to be consistently profitable with forex trading, as it can vary greatly depending on a number of factors. These factors can include the trader's level of experience, their level of dedication and commitment to learning and improving, and the time and effort they are willing to put into developing a solid trading strategy.
Dec 29, 2022 at 11:45
Zootaxy posted:Personally I feel that everyone should practise in a demo account until they learn trading skills irrespective of the time it takes. Rushing the process will not be beneficial to you. Proper practice will assist you in honing your skills and getting ready for later trading with real money.
I would say 6 months on a demo account and 6 months on a live account would count as a learning period for most of us. It may be more or less based on the learning ability of the person. It took me more than a year to become consistently profitable and I would like to think that I still have a lot left to learn and a long way to go.
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