I didn’t make any trading strategy manually, I just use the Price Action trading, and it took more than 1 year to understand the logic behind market movements!
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6 months to figure out hiw to stop losing money, another 6 m treading water. Then about another year till i’d figured out a profitable strategy. But i’m still learning and will take a long time more to be confident that my strategy is good wnough so I won’t blow my account. So far so good but this is a very high risk game. My account is very stretched at the moment, but hipefully will be OK. There’s always room for a little luck, though…
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Yea your driving analogy definitely paints a tough picture of getting it right. Definitely have to approach it with more than a hobby attitude.
I cannot remember the exact number of days or months it took me to build a strategy, but when I prepared my first strategy, I ran it on a demo account for several months. After around 4 months of consistent profits with the strategy, I switched to a live account.
To be honest I am still trying to work on my strategy nonstop as the market is ever expanding, like I said before the article on Forex Strategies has really been of great help to me.
finding a trading strategy that fits personality ,maybe 3-5 years.
finding a trading strategy that constantly profit ,took me 14 years
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Honestly, it depends on each individual’s style and type of trading. It could take months or years, setting a timeline for these things doesn’t help. Instead, traders should focus their energy on practising through demo trading so they can understand the market sentiment and process on a deeper level.
You have to go through a complete process for finding your trading strategy that best suits you. The Trial and error method is what has worked the best for you. It took me 7-8 months to figure out.