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How long does it take one to be consistently profitable with forex trading

Kimberley (MokgadiMafa)
Apr 21 2022 at 08:33
1 príspevkov
I know it look me 8 months to just learn and practice...and I'm still practicing 😅
Akasuki
Apr 21 2022 at 08:46
617 príspevkov
There is no fixed answer on your question! But no doubt, it takes such a long time to learn Forex! For me, I used my demo for 16 months, then I opened my 1st live trading account; and till now I’m learning from my own trading mistakes!
HeavenLeighGill (HeavLeighGill26)
Apr 24 2022 at 15:02
401 príspevkov
I think the answer is subjective. I was on demo for 6 months and started slowly on a live account, but I've been at it for 2+ years now.
Familistery
Apr 26 2022 at 05:25
29 príspevkov
That’s completely fine. You must take as much time as you need to learn and get your basics cleared. I took around a year to obtain the basic education and another 2 months to demo trade.
no_frame
Apr 26 2022 at 11:30
61 príspevkov
I think it depends from person to person, some are quick learners while some take time to learn but make sure to gain enough knowledge before starting live trading.
Vomitoryy
Apr 27 2022 at 12:40
56 príspevkov
There is no exact time limit. It may take 6 months, or in some cases, 2 years. It is all about your knowledge and skills. Practise a lot on a demo account and see if you are making sufficient profit there. If you are doing well on a demo account, then move to a live account.
Adamandeve
Apr 27 2022 at 20:02
28 príspevkov
I think if you're only in it for the money and not willing to study the field, it will be hard.
Sometimes I get the feeling that forex trading is believed to be the stairway to wealth.
‌Forex trading can seem easy to learn but can prove very difficult if one does not understand how markets work.
It is a trade and needs to be treated like that.
Ask, and you will receive; seek, and you will find; knock, and it will be opened to you.
Charlespeterson
May 02 2022 at 09:09
18 príspevkov
No one can answer this question for you. You must understand that external factors have only a 5% role in making trade a success. But 95% of your success depends on your efforts and consistency.
Rejigger
May 04 2022 at 06:23
25 príspevkov
There is no fixed time frame as it depends on your skills and strategy to a great extent. If you are a good trader to begin with or a fast learner with the potential to become profitable right away, then you can start learning early. But all of this is subjective to the amount of money you put in and how you handle the risk per trade. Focus on learning and getting better at trading, Profits will come to you as a byproduct sooner or later.
saluteband
May 04 2022 at 09:33
33 príspevkov
If I use myself as an example, I am still learning and exploring. You will not be able to make consistent profits, but with time you will be able to learn about your trading strategies and improve your profit trading records.
Jamesmaculm
May 05 2022 at 07:28
16 príspevkov
There’s no accurate answer to this question as it takes months & years of learning. It also depends on the learning skills of the trader how fast they are capable of learning. Practising in a demo account for about 6-7 months is enough if you have a sharp mind and then you can move to a live account.
AhmadAli89
May 07 2022 at 13:58
93 príspevkov
It depends, there is nothing like fixed answer! By the way, the main attraction of Forex is it is the largest financial market in the world where more than $4 trillion dollars is traded a day. Several broker serve traders with numerous facilities besides working as an intermediary. That’s why broker has a major role in Forex market.
Seb King (sebking1986)
May 09 2022 at 10:04
538 príspevkov
It's impossible to give an arbitrary time frame for this. It depends on the trader and their capacity to learn, practice, time availability etc.
If you can't spot the liquidity then you are the liquidity.
ElliotEll
May 10 2022 at 11:10
24 príspevkov
sebking1986 posted:
It's impossible to give an arbitrary time frame for this. It depends on the trader and their capacity to learn, practice, time availability etc.
Agreed!
For some, it takes a few days to months, while for others, it also take years of practice.
JinTinTrading
May 10 2022 at 12:00
9 príspevkov
ElliotEll posted:
sebking1986 posted:
It's impossible to give an arbitrary time frame for this. It depends on the trader and their capacity to learn, practice, time availability etc.
Agreed!
For some, it takes a few days to months, while for others, it also take years of practice.
Yes exactly!
If I talk about myself, it's been a year, doing good as well but I am still learning. But one of my friends is making good money and it's only been 7-8 months since he started trading. So, yes, it varies from person to person.
Bigmouth
May 13 2022 at 03:57
25 príspevkov
It can take years for one trader to start making regular profits while another trader may achieve this in weeks or months. It all depends on one’s potential and learning power. So it is difficult to say a definite time period after which you will be profitable in forex trading. The more you learn and practice, the more you grow. Never go for shortcuts for overnight success. Just focus on getting better at trading and there is no need to compete with others. Learn and grow at your own pace. Patience and consistency is the key to success for a forex trader.
Aaron Countee (FaintToasted)
May 15 2022 at 06:07
49 príspevkov
I did not take it really seriously for many years and then took more years once I will serious about it. The total was 13 years to become profitable. Very profitable. $600k in profits now.
GabrielFortran
May 16 2022 at 04:19
20 príspevkov
It has been a year since I started trading and only now I make profit from my investments. Started when Covid was more serious, now with some assistance from my friends that have been trading for years, I started to make profit.

Always learn from your mistakes and watch the market.
shortant
May 16 2022 at 05:23
73 príspevkov
Took me around 6 months to be exact. It took me a lot of practice and losses before I was able to learn from my mistakes and find out what was wrong.
Crotchet
May 20 2022 at 04:16
24 príspevkov
I wish there was a fixed time period for that but forex does not work like that. When you make an investment or just put your savings in a fixed deposit account, we can say that after a month or year you will be getting this much return/ interest without any major variation. But forex is a market for traders and our earnings are solely based on our trading skills. Within how much time you can equip yourself with the skill set of a trader will decide when you will start being a profitable trader in forex.
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