How long it takes to be profitable

No one knows. It differ from person to person. And even most people never get into it. It Will depend on various factors. If you come to forex by knowing that it's the easiest thing to do, first you have to unlearn yourself. Then we have to relearn everything. How quick learner you are that's a matter. How well you can apply your knowledge that's also important matter. So it's better to learn without any negative thinking.

Some people would say well said, but I would say it's pretty obvious.

I agree! Learning everything from scratch is the way to go in forex. There are so many different strategies and tools that newbies should be familiar with.

It depends on your mindset. The stronger the trading mindset, the sooner you can be profitable.

It depends on the industry, your strategy and the amount of money you're investing.

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

As for me, you can see tangible results from trading after a year of work.

This completely depends upon the individual’s understanding level of forex trading. I took around 10 - 11 months to take up my success ratio to 60 to 70 % of whole trades. If you have a mentor to guide, this period may be shorter than mine.

there is no fixed time..it depends on the trading strategy.

DavidCL posted:
It depends on the industry, your strategy and the amount of money you're investing.

Yes. It is completely depends on a trader's ability, skills and knowledge.

Making profit is easy. But making it consistent is hard and takes a long time to achieve.

When it will be achieved, if you make efforts, if you really act and make efforts, then, in principle, you will soon get a good income, and the result appears for everyone in different ways.

LyudmilLukanov posted:
Making profit is easy. But making it consistent is hard and takes a long time to achieve.

Correct! And for that you must be persistent with forex trading and have motive to improve from the mistakes that pushed you into losses

there is no time, it can take ages or it can be in few minutes

perryjohn765 posted:
there is no time, it can take ages or it can be in few minutes

Making consistent profit takes time. Traders need proper knowledge and experience to do that.

It will take you about 2-3 years to fully master Forex trading.

@Beagelv It depends on a person's approch towards learning. I have seen people trading for 10 years still not making consistent profit. It is because they are more focused on earning than learning.

perryjohn765 posted:
there is no time, it can take ages or it can be in few minutes

I think it is not possible to gain trading profit unless skills are developed.

Its not any cake walk. It takes years to be profitable, so we have to be patient and keep working hard, working on strategies and plans.