How long does it take to become a successful trader?

[fxeconomist 11]

You see what I mean?

 

DO YA PUNK?

 

one word. One friggin word. it's genius... Genius.

 

Let's summarize-

 

Yeah funny man...damn rude but funny.. gotta admit it.

BUT, guy has a valid point

Said it in a friggen irritatin' way, nothing ground breakin but worth sayin

Diplomacy is the better part of rippin the piss out of someone

All's well that ends well

 

And probably a few more I missed for now

 

So dazzling is da genius in dis post I'm gonna need shades:cool:

 

Oh no, wait a minute, god damn cheated with some code here. Usual tricks

 

Still, it proves my other theory. Behind every genius in global history is the story of a fkin cheat. One big con game this world.

 

Closest thing to genius you'll see here though..

 

Paranoia? You should have too unrealistic requirements for somebody to prove himself to be outstanding.

Absolute genius doesn't exist. It all public eyes staring at somebody because he could ascent above their stupidity.

[zdo 20]

...

 

Oh no, wait a minute, god damn cheated with some code here. Usual tricks

 

Still, it proves my other theory. Behind every genius in global history is the story of a fkin cheat. One big con game this world.

 

...

 

being clever is across a gap from being innocent.

being clever is against being innocent.

“In any situation, there are many ways to be guilty. There is only one way to be innocent.” zdo

[zdo 20]

There's only one way to be a genius. You conflated my point. Not complaining, just doesn't leave me any where to go:confused:

 

I apologize.

 

But I must conflate some more :grin:

 

“In any situation, there are many ways to be genius. There is only one way to be ignernt.” zdo

 

Edited October 24, 2017 by zdo

[CrazyCzarina 17]

You can learn Forex by yourself but become a successful trader takes time. Forex trading is challenging and takes a while to fully understand.

[Ellie Preece 0]

On 2006-09-02 at 12:40 AM, kingston said:

I have been involved in the markets for about 10 months and have yet to call myself a successful trader. Does anyone know the length of the average learning cycle for a new trader?

 

I had a friend who started day trading NASDAQ stocks back in 2004 and was making minimum 250k his first year. Is this the norm?

 

Thanks

Hi, i think there are no months or years for you to be successful in trading as longs as you know the strategies very well. Consider all the commodities available in trading that you can use such as gold, oil etc,. You also have to know that you elevate the type of account that you are at. The higher your account that higher profit you get.

[Roxana007 0]

To become smart trader you need to learn. I have been trading for like 2 years and started with this Trading Game  - clean, fast and have not only line charts, but also candlestick! Recommend! 

[Donald 5]

On 12/19/2017 at 6:12 AM, CrazyCzarina said:

You can learn Forex by yourself but become a successful trader takes time. Forex trading is challenging and takes a while to fully understand.

Trading is challenging in general, but fx is the easiest to start with, no?

[davemaestro 0]

It depends on your skills, time, trading plan, money management and the amount of invested money. With a small account you can't trade for a living. If you have enough money and your trading plan and money management works then you can trade for a living.

[CrazyCzarina 17]

It depends on the person that how he can manage his skills with trading and learning the basic with a demo or any other way. We can suggest them but after all, learning is the procedure which takes time.

[Donald 5]

Agreed. What do you think what is a decent account size?

[CrazyCzarina 17]

There is not decent account size. You can invest as per your loss capacity which you can afford.

[Donald 5]

Right, thank you. I was sort of thinking the same but wasn't sure on how much the initial balance "should" be to be able to trade efficiently.

[Amadvill 1]

On 2/9/2006 at 2:44 AM, Soultrader said:

 

It really depends on the persons passion for the markets. One year is definitely not the norm. Your friend has done an amazing job in just one year.

 

It took me 2 years of intense studying and trading to get to where I am. I was quite a journey.

 

I would say on average it takes 2-3 years before one can start trading for a living. This is just my opinion, I am sure some may find me a slow learner.

Exactly, it really depends on the persons passion.

[Jason Solomon 5]

That is a question I ask myself regularly and always come up with a different answer. Some people say it takes at least 2-3 years of learning and practicing. I'm only a wanna be trader but I definitely want to share my conclusion on that matter. I subscribed to a learning package only this week. They have a 4-month learning package, they let you "play" with monopoly money on a platform with real market data, and if you have a good enough result they promise to have you a funded account. So fingers crossed, I'm very excited about Earn2Trade and hope that I can say soon that I'm a trader.

Edited June 14, 2018 by Jason Solomon

[Donald 5]

Oh you have! Glad you liked it, and good luck to us then. I have learned a lot from them so far. Be patient and keep learning!

[Ulino 1]

The answer to this question is relative. I mean, it depends upon you. It depends how quickly you understand the market and the company in which you invest. If you study the life of successful traders, it is analyzed that it took them years.

[Donald 5]

Indeed. You simply can not rush in trading, and you will not become a millionaire in one day, but this shouldn't scare you away from your goals!

[CrazyCzarina 17]

Learning is the only way you can be successful in this business. There is no other way or system which can make you rich within a few days.

[divyanshisharma 2]

With complete experience on trading and other aspect of trading will make you successful trader. Atleast 4 years are required to learn and experience the market. 

[mukti 0]

Assuming you'll be one of the profitable ones, it'll likely take six months to a year–trading/practicing every day–until you are consistent enough to pull a regular income from the market.

[zuinjimi 0]

When you start out day trading or swing trading, or if you want to get into it, you may wonder how long it takes to become a successful trader. Establishing realistic expectations is important. If you think you’ll get rich in a few weeks you’re setting yourself up for disappointment. Yet, it shouldn’t take years of training before you see some cash flow either.

[mukti 0]

For many traders, just the theoretical knowledge about Forex trading may take about 3–6 months, depending on how quickly you understand things. But you also need to learn many things by experience which may take about one year.

[CrazyCzarina 17]

It totally depends on the adaptability of a trader to learn from his mistake and posses good analytical skills to take right decision. Time can just fly away but it is more important how often you don't repeat mistake and generate new ideas and implement it.

[CrazyCzarina 17]

No any trader can become a successful trader over a night, it requires good experience with accurate skills and powerful mind to trade in such an volatility market like FOREX. For a new user Demo account is route towards successful trade into real market.

[CrazyCzarina 17]

All you need for a trade market is Knowledge, skills, learning attitude, not having fear to fail instead learn from it and never repeating again, having a powerful mind to strategies and analyse the situations going in market.