How long should a break be before it's considered "quitting forex"?

Beginner Questions Trading Psychology
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Hellooooo! :blush: So, I’ve replied to a lot of people who have recommended that I take a break from trading until my wedding’s done. :sweat_smile: But I won’t get married until 2024! So it’s still a pretty long time (And I also love trading every now and then so it’s definitely out of the question. :sweat_smile: ) But I just got curious, how long should a “break from forex” be before we start considering it as “quitting forex”? A year? A couple of years? :thinking:

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This is an interesting question, which is why only a small percentage of traders last the distance. Mainly pros who are totally engaged with trading. The challenge is like climbing Everest with a backpack in a snowstorm, which is not the financial freedom so many newbies expect when introducing themselves on this forum.

As for me I have given my large account to a pro trader friend to manage, which gives me time and space to enjoy trading my $2k account whenever I want to.

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A year or so is more like pausing! I think if you’ve not traded for longer than 3 years, that’s a really long time. I feel like at that point so many things have changed, tools and market behavior maybe?

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I don’t see the reason to stop trading at all. Quitting vs pausing is just semantics. Who cares?

The question is if you want to stop or not. I think routine is important. Just like if you run 6 days a week. It’s part of your discipline. You decide how rigid is has to be.

I say don’t stop. If you need to change your trading schedule, then fine. But don’t stop.

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This aspect is highly overlooked IMO.

What account size would be worthwhile to manage for a pro trader? Granted this is a single situation for your personally, but what are you thoughts?

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$10k would be the minimum. And it only costs you a monthly fee if the running High Water Mark at a month’s end is greater than the previous high. Since he makes over 25% per annum and I add to my account every month (no withdrawals), the compounding account is growing nicely.

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More traders should read this post. @PipMeHappy thanks for putting this in the limelight.

I have a question for all traders. We are almost into 2023! There are a lot of female forex traders now. Do you follow anymore on Youtube? Please share

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Hello SeverianoGallo,

I cannot see my post, what did I write? :slight_smile:

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Do you mean my posts on women traders? Ah okay. :slight_smile: You are welcome!

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You should not take an excessively long break from trading. Small breaks from your trading schedule can be beneficial to some extent, but taking long breaks can have a negative impact on your trading.

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Actually, we all are not the same ( I meant the situation), so it’s really difficult to mention any specific number!

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In my opinion, a break of at least two or three months would suffice to give you time to do everything else. We do not suggest taking a long break of several years.

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It is generally up to the individual trader to determine how long of a break they need before it is considered quitting forex. Some traders may take a break for a few days or weeks, while others may take a longer break or even decide to stop trading altogether. It’s important to carefully consider your goals and needs before making a decision about whether to take a break or quit forex trading.

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A break is simply a pause to re-enter the market after a fresh perspective. It should be as long as a year. A week is fine. If it’s too long, you will lose touch. So, you can decide accordingly.