How long it takes to learn

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.

I completely agree with you.

How long it takes to learn depends on the learners. Forex trading can be very simple if the beginners are good at understanding the fundamental trade terminologies.

@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.

You yourself will understand when you are ready and understand how much time you should spend on it.

Might be 5 years or 5 months it all depends upon on how fast you understand this volatile market.

it depends from person to person, mind to mind that how fast a person is willing to understand and learn.

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!

perryjohn765 posted:
it depends from person to person, mind to mind that how fast a person is willing to understand and learn.

Yes. It depends on the ability of the traders.

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.

@Dorofeev Yes it depends on many factors. Soecially it dpends on one's ability to understand things and his level of dedication for learning.

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.

It takes all the time. Learning process should never stop. You have to adjust your trading strategy to the market all the time.

It takes the whole life, I guess. I mean that the market is always on the move and the traders need to catch up with it. That is why, a trader should never stop learning the market if he/she wants to be a success.

You should never stop learning if you want to gain consistent and decent profits. Market is constantly changing, so in order to keep up with it, you've got to learn every day, otherwise your vision or methods may become outdated and this will never bring you any rewards. Therefore I feel that one cannot fully understand the movements of the market, there is always room for improvements.

Levesen posted:
You should never stop learning if you want to gain consistent and decent profits. Market is constantly changing, so in order to keep up with it, you've got to learn every day, otherwise your vision or methods may become outdated and this will never bring you any rewards. Therefore I feel that one cannot fully understand the movements of the market, there is always room for improvements.

Exactly, I believe that even if a trader encounters loss in forex trading then instead of giving up he should learn from his mistakes in order to not repeat it further.

I'm not sure you ever stop learning. Bit of a cop out answer but as you are probably alluding to to be competent trader again it is hard to say. It depends how you take to it, if you are learning the right way for your personality, how much time you have to learn and practice etc