Becoming a CMT/pro trader worth it?

[metalhead trader]

Well im 17 and i try to study forex as much as i can every day and really want to do this for a living. Would any one know how long it would take to become a pro-trader and become a CMT?

Originally Posted by metalhead trader

Well im 17 and i try to study forex as much as i can every day and really want to do this for a living. Would any one know how long it would take to become a pro-trader and become a CMT?

How long it will take to be able to make a living at Forex depends on you. How quickly are you understanding what you're learning? Do you have a successful strategy that you've tested and that is consistently profitable? How much money are you starting your live account with? How much do you need to live on? Etc., etc., etc.

There are a lot of factors to consider and the answers are different for everyone.

Also, if by CMT you mean Chartered Market Technician, you'll have to decide for yourself whether that would be worth the effort. It certainly won't make any difference to your success in Forex.

[Trade It]

I agree with In2blues.

It really depends on you. How bad do you want it?

I'm not sure what you mean by CMT either. I've heard of CTA.

I wish I knew about forex at 17. I really don't even want to think about it. LOL. Good luck with your goal. Don't overlook money management.

[metalhead trader]

thanks for the feedback guys. On my demo i have good success and almost have doubled it in 7 weeks and not risking at the MOST 3% But demo means nothing.

[metalhead trader]

Originally Posted by Trade It

I agree with In2blues.

It really depends on you. How bad do you want it?

I'm not sure what you mean by CMT either. I've heard of CTA.

I wish I knew about forex at 17. I really don't even want to think about it. LOL. Good luck with your goal. Don't overlook money management.

Do you know how to become a CTA? Or do you really need any of these to become a pro?

Originally Posted by metalhead trader

Do you know how to become a CTA? Or do you really need any of these to become a pro?

The only way you would need any kind of designation such as CMT or CTA would be if you want a job working for a company.

Nothing like that is needed if you want to be a professional Forex trader on your own.

[metalhead trader]

Originally Posted by In2Blues

The only way you would need any kind of designation such as CMT or CTA would be if you want a job working for a company.

Nothing like that is needed if you want to be a professional Forex trader on your own.

Yeah i really want to trade a company. I think theres two definition of "pro" trader right? One that trades for a living and one that trades with some ones money.

[castillo2264]

what you need to become qualify to become a CTA?