How long it takes to be profitable
Biedrs kopš
751 ieraksti
Jun 06, 2021 at 11:20
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.
Biedrs kopš
470 ieraksti
Jun 06, 2021 at 23:18
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.
Biedrs kopš
65 ieraksti
Jun 08, 2021 at 07:56
As for me, you need to at least give yourself a year in order to really go to a certain income.
Biedrs kopš
788 ieraksti
Jun 16, 2021 at 15:43
sherifmesseha posted: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.
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
Biedrs kopš
349 ieraksti
Jun 16, 2021 at 21:45
10years+
if you follow the flock like sheep you always end up stepping in shit!
Biedrs kopš
470 ieraksti
Jun 16, 2021 at 23:29
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.
Biedrs kopš
231 ieraksti
Jun 17, 2021 at 00:21
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.
Biedrs kopš
10 ieraksti
Jun 17, 2021 at 06:42
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.
Biedrs kopš
187 ieraksti
Jun 17, 2021 at 07:46
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.
Biedrs kopš
13 ieraksti
Jun 17, 2021 at 08:59
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.
Biedrs kopš
401 ieraksti
Jun 18, 2021 at 09:13
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.
@Marcellus8610
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