Is forex trading worth the time? - Page 6
Page 6 of 6 FirstFirst ... 4 5 6
Results 51 to 52 of 52
  1. #51
    Join Date
    Mar 2017
    Posts
    9
    Quote Originally Posted by mlawson71 View Post
    That realization hit me maybe about three years into my learning process. I was going through another university education – all by myself, without any teachers, and I was investing my money in it. It was a very sobering thought.
    Hello. I would like to know how many yeas have you been trading already, and are you already profitable now?

    My trading experience is almost 1 year as I just started in May 2016. I was never able to withdraw money because I always wipe out my micro account. I wanna now how many years does it take to become a consistently profitable trader.

  2. #52
    Join Date
    Mar 2016
    Posts
    388
    Quote Originally Posted by orfilla4 View Post
    I wanna now how many years does it take to become a consistently profitable trader.
    Thats a difficult one to answer. Individual traders are going to take different amounts of time to become consistently profitable.
    So many factors will affect the time it takes, the traders level of intelligence, their pre-trading background, the time and effort they put into studying fx before and while they are traders, their support group (if any) and the groups experiences.
    May be easier to try any suggest a minimum amount of time it could take.
    Assuming a new trader joins here from scratch, has an average IQ, no previous experience in fx or related fields, and is a lone trader (not part of a support group of other traders), then I would hazard to suggest min. 12 months of study during which he/she can demo trade as they start, moving onto a small live account after a few months, and say another 18 months minimum before they can honestly claim to be consistently profitable. This would give a minimum 2 and a half years, in my own opinion.
    Clearly other people will have their own opinions, this is just my thoughts.

Forum Sponsors

Similar Threads

  1. Forex Trading for the 9 to 5er
    By pigsinablanket in forum Free Forex Trading Systems
    Replies: 55
    Last Post: 07-13-2014, 02:09 PM
  2. Best Phone for Forex Trading on the go?
    By steverichards25 in forum Trading Discussion
    Replies: 35
    Last Post: 03-29-2013, 02:58 AM
  3. Forex trading, what the hype is all about
    By midomido4876 in forum Beginner Questions
    Replies: 3
    Last Post: 05-26-2011, 12:50 PM
  4. Forex trading and the financial crisis
    By paincoster in forum Trading Discussion
    Replies: 2
    Last Post: 05-28-2010, 09:55 AM
  5. Replies: 0
    Last Post: 03-05-2010, 10:30 AM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
"Aerodynamically the bumblebee shouldn't be able to fly, but the bumblebee doesn't know that so it goes on flying anyway."
Mary Kay Ash