How long has it taken you to break even from the initial start of your live trading? or if you have not yet broken even how deep in the hole are you? And I guess, overall, how much have you profited (not for the ppl in the holes :p) from forex trading with respect to your losses as well.
As for me I am 400 USD in the hole slowly trying to crawl my way out :o
Most people fall into the hole pretty quickly when they start, I know I blew most of my first account. You know how dreams of money are lol, but now I know the rules.
I get the impression that most traders blow their first investment (myself included). I think this is often a turning point
"Is trading for me?". And they give up Or
"OK that’s a mistake I won’t be repeating in a hurry!"
The latter often become great traders.
One of the first lessons I learnt was
"if I can’t take a small loss, sooner or later I will be forced to take the mother of losses"
I wiped out my first account, but with some careful management, I managed to recoup all of my looses and some. But you question “how long?” that all depends on the individual.