How long did it take for you to become a profitable trader?
For me it was about 3-4 months of studying, creating a plan, creating strategies and back testing.
I have a back ground in trading stocks so i think it might have gave me a slight advantage then starting from no trading background.
Took me 14 months to re-coup my very impressive losses and start making money on-top.
it took luck to become profitable trader
it took me 14 years to become constantly profitable trader
I wouldn’t still call myself very profitable. Hoping to get there.
Are you a part-time or full-time trader?
It took me about a year to become a profitable trader. I started out by demo trading, and once I felt confident in my abilities, I started trading with real money. I made a lot of mistakes in the beginning, but I learned from them and eventually became profitable.
As a forex trader, I would say it took me about 2 years to become profitable maybe 3.
I read about forex trading concepts for a couple of weeks. Once I started reading charts, I began to demo trade. I practised on demo trading for six-eight months, then I moved to live trading. It has been a year and two months. I am finally making some profits.
I was profitable from the start, had a lucky series of trades go my way that snowballed.
Over six years later, good and bad trades happen. Bankroll management is very important.
This is a skill that you can learn from a lot of other areas, like poker too. Why I am a good poker player.
You have to play the percentages.
Trading the market probability is a key concept that most of the bad traders who make up the losing 95%+ group lack.
I am still new. Hope to be profitable soon.
As a forex trader, it took me roughly 2 to 3 years to become profitable.
Before joining forex trading, I had some knowledge of stocks, which helped me a bit. Once I cleared forex concepts, I joined demo trading for a while before trading live, however I am yet to work on my consistency.