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

Apr 21, 2022 at 08:33
2,570浏览
49 Replies
会员从May 13, 2022开始   34帖子
May 30, 2022 at 06:37
It can take up to a year to get familiar with the market conditions. Traders must be prepared to change their train of thought when needed. While majority expert traders talk about how learning is a constant process in trading, there are those who wish to get done with it. This is the wrong attitude. They will lose only because of the mindset.
会员从May 24, 2022开始   23帖子
May 31, 2022 at 09:55
I’d say that depends on various factors. It depends on the skill, learning speed that one has, mental aptitude, emotional attitude, mathematical aptitude, risk management skills, time management skills, etc.
会员从Jan 10, 2022开始   40帖子
Jun 03, 2022 at 05:52
The time taken to learn would depend upon the person’s learning ability and calibre to a great extent. If you are a fast learner with good grasping power then you will naturally be able to learn in a short span of time. Forex trading is not just about theoretical knowledge and there is more practical learning involved. In order to become a successful trader one will need experience in the forex market that comes with hands-on practice. Use a demo account first and once you get comfortable with trading switch to a real trading account with a small amount of money. I am saying to keep the amount small because the forex market is very volatile and the risk of loss is much higher for a newbie trader. Start with a good strategy and don’t forget to set up a risk management system to minimise the potential losses. Forex trading also involves some psychological aspects apart from the fundamental and technical concepts. A trader should be patient and rational at all times with an ability to control their emotions. When all of these traits come together with knowledge and skills, you will be done with the learning process which is a long one.
会员从Jun 02, 2022开始   23帖子
Jun 09, 2022 at 09:48
There is nothing specific about it. If it were, people would have known this, and they would have started trading after that period. But it is not so.
It depends on various factors like your learning speed and capability, your goals, and whether you look at forex trading as something worthwhile or you take it as a get-rich-quick scheme.
If you take the right approach towards learning forex, you’ll learn quickly, and if not, you will take time to learn.
会员从May 29, 2022开始   39帖子
Jun 10, 2022 at 00:32
It took almost 3 months when I saw my first profit.
会员从Jan 18, 2022开始   48帖子
Jun 13, 2022 at 08:43
Honestly, It took me more than 4 months but it was worth it in the end. And I am still learning.
会员从Jan 13, 2021开始   52帖子
Jun 13, 2022 at 16:07
MokgadiMafa posted:
I know it look me 8 months to just learn and practice...and I'm still practicing 😅

Took me a lot longer but it’s not a race
会员从May 30, 2022开始   27帖子
Jun 14, 2022 at 06:56
The length of time it takes to become a profitable forex trader varies from person to person. To become consistently profitable took a long time for me, maybe 5 years or so. You have to be extremely systematic with a lot of discipline which took the longest for me. The market is always changing, therefore it's only normal to change your plan and learn how to spot a good trend. You won't be able to totally avoid risk, so stay vigilant and diligent. I recommend finding a strategy. There are plenty of free ones out there, open a demo account, and begin practising. Once you nail down the basics, open a live account and start trading really small lot sizes. Trade the smallest lot sizes until you have made at least 100 perfect trades. You can then start raising your lot size to start making a little more money. Remember there is no rush. You are developing a skill that once perfected, offers the ultimate in freedom.
会员从May 24, 2022开始   17帖子
Jun 14, 2022 at 11:44
Varies from person to person! So many become profitable in just one year while others struggle to make some good returns even after trading for 10 years. It is all about your strategies, trading markets, and the currency pairs. That’s why I believe that you must be very choosy when making choices.F irst, it depends on how experienced you are in forex trading. Also, if your emotions have a control over you more than your logical thinking, then you can’t get profits. If you apply effective measures and strategies for trading and also take care of your risk factors and profit motives, then you can earn good profits.
会员从Jun 02, 2022开始   32帖子
Jun 16, 2022 at 10:04
If you are just starting out, it might take you anywhere from six months to an entire year before you start seeing a profit. But, there is no specific time period that can guarantee to give you results.
会员从Jun 15, 2022开始   2帖子
Jun 16, 2022 at 14:46
Depends on individual. It is so individual based. But of utmost importance is mastering your strategy in and out; whether you doing supply and demand, trend trading, or whatever strategy ,,,master it. Then spend hours and hours of screen observing charts and price movement. Start small. Keep it simple. Keep few indicators if any...1 or 2. Above all align your mind with price action...don't try to force or manipulate the market. Just execute your strategy or your edge.
My Thoughts My Reality.
会员从May 24, 2022开始   28帖子
Jun 17, 2022 at 05:27
Take all the time you need to learn and practice. The best traders are experienced. Only through trial and error can you understand what works for you and what doesn’t. Mistakes are a part of life, as long as you learn from them and make amends, how will you know what kind of a trader you are? It is possible but only through time. So, construct patience and stay composed.
会员从Jun 29, 2022开始   4帖子
Jul 01, 2022 at 12:06
To become consistent, one must master 3 things ; Risk management , good trading Strategy and proper trading psychology . You can be in the market for 10 years, if you are not discipline and not respecting your trading plan , you will be inconsistent so being consistent shouldnt be measured by years but rather how well you work on yourself day by day.
Learn strategies to help you invest confidently
会员从Jul 13, 2022开始   32帖子
Jul 28, 2022 at 06:54
For me, it took me 5 months but yes consistency and regular practice is the key .
会员从Jan 11, 2022开始   45帖子
Aug 09, 2022 at 07:03
The length of time it takes to become a profitable forex trader varies from person to person. To become consistently profitable it took a long time for me, maybe 5 years or so. You have to be extremely systematic with a lot of discipline.
会员从Aug 02, 2022开始   22帖子
Aug 11, 2022 at 10:35
You can never be sure about how much time you would need to make satisfactory trades. But don’t expect to make profits from the very beginning because it may cost too much later. Just focus on your learning and skills that will surely get you some good results.
会员从Aug 13, 2022开始   3帖子
Aug 13, 2022 at 18:51
I agree with you remember there are more to just trading
And I know the best and right corner for you to start from
Let's make some money
会员从Jun 19, 2021开始   49帖子
Aug 14, 2022 at 02:00
I learned how to be consistent I do not know how long.. 3 years of consistent hard work every single day is what it took me. I trade sentiment only as a tool to succeed. avg 2.5 to 4 % return per day. Yes, I am a millionaire now.
*I kill pips for fun.*
会员从Aug 03, 2022开始   25帖子
Aug 17, 2022 at 10:15
It could take months or years. There is no fixed answer because each trader’s level of consistency is dependent on their hard work. Hence, as long as you are putting in the hard word, you can see the results and become consistently profitable.
会员从Jul 08, 2020开始   14帖子
Aug 17, 2022 at 18:59
There are a lot of details here.
your activity.
The amount of capital.
The strategy chosen.
Broker.
Demo.
And so on and so forth.
登录 / 注册 to comment
You must be connected to Myfxbook in order to leave a comment
*商业用途和垃圾邮件将不被容忍,并可能导致账户终止。
提示:发布图片/YouTube网址会自动嵌入到您的帖子中!
提示:键入@符号,自动完成参与此讨论的用户名。