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How long it takes to be profitable
Uczestnik z Jul 19, 2020
749 postów
Jan 03, 2021 at 07:20
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.
forex_trader_2058895
Uczestnik z Jan 01, 2021
11 postów
Jan 03, 2021 at 23:09
Some people would say well said, but I would say it's pretty obvious.
Uczestnik z Jul 19, 2020
742 postów
Feb 10, 2021 at 14:57
It depends on your mindset. The stronger the trading mindset, the sooner you can be profitable.
Uczestnik z Apr 07, 2020
2 postów
Feb 10, 2021 at 20:25
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
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
Alex
Uczestnik z Nov 03, 2020
63 postów
Feb 11, 2021 at 08:14
As for me, you can see tangible results from trading after a year of work.
Uczestnik z Jan 22, 2021
126 postów
Feb 17, 2021 at 10:42
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.
Uczestnik z Jan 11, 2019
140 postów
Feb 17, 2021 at 11:13
there is no fixed time..it depends on the trading strategy.
Uczestnik z Mar 17, 2021
494 postów
Apr 20, 2021 at 15:56
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.
Uczestnik z Jul 23, 2020
816 postów
Apr 21, 2021 at 16:58
Making profit is easy. But making it consistent is hard and takes a long time to achieve.
Uczestnik z Jan 22, 2021
126 postów
Apr 22, 2021 at 11:05
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
Uczestnik z Sep 12, 2017
232 postów
Apr 22, 2021 at 11:15
there is no time, it can take ages or it can be in few minutes
Uczestnik z Jul 23, 2020
696 postów
Apr 22, 2021 at 15:56
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.
Uczestnik z Jul 19, 2020
749 postów
May 03, 2021 at 14:48
@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.
Uczestnik z Jul 19, 2020
742 postów
May 03, 2021 at 16:28
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.
Uczestnik z Mar 28, 2021
586 postów
May 05, 2021 at 12:32
It vaires person to person. If you focus on developing skills, it would take less time. But if you focus on earning from beginning, It would takes years.
Uczestnik z Dec 18, 2017
15 postów
May 06, 2021 at 01:32
Personally it took me around 10 years.. I felt like giving up multiple times but it's so worth it in the end.
The key thing is being able to change your own feedback loop... getting your trading psychology sorted out to be intune with trading. This I found extremely difficult to do.. you are trying to reprogram your own brain... which I guess why it took me 10 years!😄
The key thing is being able to change your own feedback loop... getting your trading psychology sorted out to be intune with trading. This I found extremely difficult to do.. you are trying to reprogram your own brain... which I guess why it took me 10 years!😄
