Thanks for your appreciation. Wish me luck. I am moving and hoping to get the best result.
I am not sure that I agree entirely. Yes, a good mentor can shorten the time you need to learn how to trade, but gaining experience does require time. Itâs not something that can happen overnight.
Actually within overnight there is nothing which can be earned. We need to survive consistency with great patience in every section particularly in Forex trading where every faction is uncertain and volatile but the problem is when we trade practically our emotion works greatly than trading knowledge and try to become rich overnight. At the end of the day , we become loser. so, emotions is a big issue for having unfortunate loss.
Its okay . agree. What you thinking about the proper time of learning . I want to know how much time is more appropriate for learning forex accurately ?
According to me, there is no fixed time to learn Forex , it depends on your method. Generally we learn from our current trading and from demo experience. This approach can ensure good trading experience minimum from 5 years.
Really? May I know details about your trading strategy? Whatâs your money management plan?
I donât think there is an exact answer to that question. Every person is different and their learning curve is different. However I do think that it usually doesnât take any less than a year, although it often takes a lot longer.
Managing money when using trading strategy is most important to get maximal result and our strategies not works completely only due to poor money management. in demo or micro account we should practice more and more about money management that can avoid loss when trading in a large deposit.
I know that. But I just expected to know the average time which is enough to acquire good trading knowledge and experience.
I am going through all kind of possible resource like YouTube videos, e-books, and books, Free tutorials, Online blog and news, forums etc. But I think If I go for the paid courses than it wouldnât take this much long. I can learn in limited time.
You are absolutely right! Thanks for your reply.
You are most welcome Luke. Keep calm always and try to manage money accurately when trading with strategy. Good luck.
Keep me calm is very hard. I do not know how Luke can manage this!!! I wish I could get all things by just luck without any hard work.
Forex market is very much volatile and there is nobody who can predict the real faction of this market with certainly, thatâs why for the traders who are particularly beginners level really difficult to keep calm. And beginners always depend on luck and for that reason they donât want to hard work. As a result they become loser after passing some steps. Always remember the success in Forex is an open secret for all. First of all you have to acquire most powerful trading analyzing knowledge which is very supportive to calculate the market then you have to use this knowledge in practice session to increase trading experience and performance. Thatâs all about indicates a long term approach. So, within very rapidly there is no one who can learn something from here. So, always try to keep calm and not depend on luck. Depend on just your trading knowledge and experience.
I am not agree at all your message. Let me explain. You emphasized only good trading knowledge that can make profit with successfully. This is exactly not. The main issue in Forex is a experience of long term. Of course you can bring profit sometimes for your current trading knowledge but for making profit with consistency there is no way to ensure a long term powerful trading experience.
Keep calm is quite difficult, itâs true. Every day keep meditation minimum for 30 minutes. Surely yo will positive response when trading practically.
Hadden please donât complicate the issue. I have said most powerful analyzing trading knowledge is needed to get maximal result that indicates a proper trading experience. go through my post again
Itâs okay , I got your point right now. Thank you for nice reply.