The length of time it takes to become a profitable forex trader varies from person to person. To become consistently profitable it took a long time for me, maybe 5 years or so. You have to be extremely systematic with a lot of discipline.
Well, there is no specific time that you would need to become profitable at trading. At the same time, there isn’t also any guarantee that you will be able to become profitable or not. So, focus on the process of trading before you expect anything from the market.
You can never be sure about how much time you would need to make satisfactory trades. But don’t expect to make profits from the very beginning because it may cost too much later. Just focus on your learning and skills that will surely get you some good results.
More and more practicing helps a trader develop his inner qualities. Ability-development should be the aim of a trader because they cannot earn success from Forex without this ability. Right trading approach should be developed at any cost to reap much gain from Forex trading.
I learned how to be consistent I do not know how long.. 3 years of consistent hard work every single day is what it took me. I trade sentiment only as a tool to succeed. avg 2.5 to 4 % return per day. Yes, I am a millionaire now.
It could take months or years. There is no fixed answer because each trader’s level of consistency is dependent on their hard work. Hence, as long as you are putting in the hard word, you can see the results and become consistently profitable.
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.
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.
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.
hi all. i'm newbie and my trading way is starting. but anyway i have thought about profitable. i think trader is becoming consistently profitable not after 8 months. i think it may happens earlier or later. it all depends on your experience, your knowledges and desire earn. i want feeling myself profitable. and i will be one.
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.
The answer to this question truly depends on how quick of a learner you can be and how easily you adapt to changes. It can take a few months to years to get familiar with the market terms and conditions. It is all about how you prepare to approach the market, with determination and passion, focused. You learn constantly, so don't set a deadline.
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!