There is no specific time that you need to learn trading forex. It varies from trader to trader. You better focus on getting in-depth knowledge of the market instead of worrying about the times used for learning.
Every kind of learning depends on the abilities of a student. More than that, it depends on learning materials and the student's background. It make take years for someone and only a few moths for others.
williearnold posted: There is no specific time that you need to learn trading forex. It varies from trader to trader. You better focus on getting in-depth knowledge of the market instead of worrying about the times used for learning.
@jonathandaniel Yes it depends on learners. Everybody has a different learning capabilities. Also it varies from subject to subject. But the fact is it takes time to be skilled enough to make money consistently.
@Akasuki Yes the skills that needs to be consistently profitable, takes a lot of time. It takes years of practice and experiments. Getting the technical knowledge may need less time but getting a mindset takes time.
Guys, I have seen only couple of traders becoming profitable within 6 months to one year. And they did it with a mentor trading with them every day on the floor in a prop firm. I really dont understad how on earth will start make CONSISTANT profits withing couple of weeks. Cheers!
It depends actually on your prsonal abilities, opportunities and how much time you're ready to dedicate to learning. The more time you're up to dedicate the faster will be your learning process. Don't forget that learning is always should be combined with practicing, like theory plus practice. I suppose that everything is quite individual here and no one knows how much xcatly does learning takes. Some traders handle learning for about couple of months, others decide to learn and to trade simultaneously, however I'm not fond of such approach because you just blow your head by these scheme.
Learning , patience is really important issue that we cannot ignore , but all attempts will fail until making a real trading discipline. I have seen many time, despite of good market experience someone cannot make profit with consistency due to lacking only discipline. So from all, I emphasis on
@Imamul Yes patience is really important is trading. To be a discipline trader, one must be patient. Otherwise, he will not be able to make himself disciplined. Without being discipline, consistency is not possible.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.