Forex Education - How long does it take?

Everything depends on you. I believe that we always need to learn new things and adapt to new realities. That’s why I believe that we need to get new knowledge on Forex every day, in order to be good traders.

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I’ve been studying forex for 3 years and I can say that I learned a lot, but as the ancient philosophers said scio me nihil scire(I know that I know nothing) .

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A very good phrase. You’ve hit the mark! :sunglasses:

I admit there is no ending of learning and it’s a continues process for until the end of time. but 3 years experience you have is not minor at all. with this knowledge minimum profit can be gained of course but not for all time. Because, Forex is a place where sometimes 15-20 years experience professional traders get confused to calculate the real faction of this market with certainly. there is nothing 100% in here.

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You’re a thousand percent right!

In this world nothing can be studied at once. Everything is learned with time. And if we talk about forex, then I agree with the people above. That even people who have been doing this for a very long time realize that so much hasn’t been learned yet.

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Thank you Heming. try to be experince from here by hard working with more patience.

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Completely agree. If anyone has most powerful analyzing trading knowledge and experience in Forex at the end of the day he thinks, he learned nothing. This is actually Forex trading. So there is no real chance to stop learning after passing a long time period. keep learning and good luck .

No way to stop learning, I admit. But how can we keep motive to learn forex for a long time? Because, within very short time learning Forex is totally impossible. any idea ?

It’s a big challenge , for newcomers to keep continue in learning Forex a Great mentor is inevitable , otherwise he could lost interest and leave this market.

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its important to learn something new EVERYDAY…you’re absolutely right

It will depend on you. How much time will you invest per day? How attentive are you? Your level of understanding, enthusiasm, determination and many other things decide how much time you need. But it is a long-term process. There is no shortcut of learning. You have to be honest with yourself.

Our own psychology is important that tells you how much time you will need to spend in forex trading to get valuable education experience. All traders had different mindsets and picking quality. Honest and serious efforts will make you able in less time period other wise you will not get skill in even years.

The only way to learn forex is to go on live trading ( I think) . Demo trading can not create seriousness in you as live trading does. Learn the basis from different places, books, internet and execute it in your live trading platform. I also would like to suggest you to use micro account initially. Then whenever you will get confidence, and find some winning strategy, you may go on standard account

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Agree. When we trade in demo we can’t focus seriously because there is no real money. We trade here at random and got nothing. But if we practice in real account of course there is more possibility to learn good real trading experience. But there is a possibility to lose money due to lack of experience. But it is better than demo for all time.

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Yes it is up to a trader how much time he has , he can work with fresh mind .DO not spend much time that will make you so bore. Trading is done with interest and passion. However it is necessary to remain updated from market . Some people pick things in less time . Forex learning continues every day when you interact with market. This education improves day by day.

I’m sure that a lot of time. If someone wants to say that it’s possible to become a pro in 3 months - it’s nonsense. It takes several years to finally feel confident, find your own strategy and get a stable income.

Completely agree with you. within 3 month to be a pro trader , its sounds just like as a scam nothing without it.

I could advise you to spend some time copying the deals of other traders. But don’t do it mindlessly, do it intentionally thinking about why the trader made a particular decision.

i will start in march finish by december . become a millionaire by 2020 and billionaire by 2023 .
thanks .

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