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How many years to become profitable?

  • #81
  • Jan 13, 2018 9:34am Jan 13, 2018 9:34am
Quoting havo
why people still talk about YEARS?? wtf?!?! i know people learn at different pace BUT if it takes YEARS to understand and become profitable you are doing it wrong from the start !!
How long did it take you to become consistently successful?
  • #82
  • Jan 13, 2018 4:08pm Jan 13, 2018 4:08pm
Quoting mlawson71
{quote} How long did it take you to become consistently successful?
Like 6 months.. and i had to ditch all the crap i learned from the internet, the same copy/paste you see everywhere and its just not true/misleading in real life trading
  • #83
  • Jan 15, 2018 8:41pm Jan 15, 2018 8:41pm
Quoting mlawson71
{quote} How long did it take you to become consistently successful?
Be wise in your search for trading knowledge, 95% of traders fail so it can also be said that 95% of advice givers are full of SH-T, look for long track records and do your homework, GW
IMPROVISE ADAPT OVERCOME
  • #84
  • Jan 19, 2018 10:28am Jan 19, 2018 10:28am
Quoting havo
{quote} Like 6 months.. and i had to ditch all the crap i learned from the internet, the same copy/paste you see everywhere and its just not true/misleading in real life trading
I have gotten some good advice on the Internet from time to time, so I don't entirely discount it. But if something works for you, I won't be the one to judge.
  • #85
  • Jan 19, 2018 10:54am Jan 19, 2018 10:54am
Quoting mlawson71
{quote} I have gotten some good advice on the Internet from time to time, so I don't entirely discount it. But if something works for you, I won't be the one to judge.
oh dont get me wrong , there its good info and people that truly knows how to trade in real live conditions, thats for sure.. BUT its SOO RARE to find/spot them its very difficult

what i meant its there is a HUGE amount of info "available" over the internet that its just the same thing just copy/pasted over and over again with no real value
  • #86
  • Jan 19, 2018 1:16pm Jan 19, 2018 1:16pm
How long does it take for one to walk a mile?

The number is not quantifiable to the point it would give you a true representation. Each individual should be considered a separate case.

I was able to take $10 to $10,000 in 15 trading days.

Person A might be able to do it in 3 days

Person B might be able to do it in 3 months

Person C might be able to do it in 3 years

All scenarios are successful

How do you define profitable?

Person A made $1 over a time period of 1 year

Person B makes on average $100 a month, but still needs to work a job to support him or herself

Person C has a negative 5% a month, but has great trading months from time to time and was able to make profit above the original deposit

All scenarios are successful. Hope it helps.
  • #87
  • Jan 21, 2018 9:04am Jan 21, 2018 9:04am
Quoting havo
{quote} oh dont get me wrong , there its good info and people that truly knows how to trade in real live conditions, thats for sure.. BUT its SOO RARE to find/spot them its very difficult what i meant its there is a HUGE amount of info "available" over the internet that its just the same thing just copy/pasted over and over again with no real value
I absolutely agree with that. When I was a newbie I was amazed by the huge amount of information I found available on the Internet. Then I realized that the main problem would be not to find information, but to learn to differentiate between the useful and the useless information, and unfortunately the latter was and remains a lot.
  • #88
  • Jan 21, 2018 2:36pm Jan 21, 2018 2:36pm
Still alive, 4108 days later this thread is.
Learn, a forex trader must, unlearn and relearn he will.
  • #89
  • Jan 21, 2018 3:25pm Jan 21, 2018 3:25pm
read this carefully

UPS in US plans its routes based on only turn right while there is no red light. that makes them cut costs. Routes r calculated by algorithms based on addresses n traffic. But before algorithms start calculation operators set first majors routes. Without this there r too much possibilities to calculate based on combinations.

What I mean is, u as a new trader should take some important basics from experienced ones n d rest is yours. Or it will take longer then u think I guarantee u

trade well n good luck
WaBaS Where are Buyers and Sellers
  • #90
  • Jan 21, 2018 9:41pm Jan 21, 2018 9:41pm
Quoting COGSx86
Still alive, 4108 days later this thread is.
maybe the thread, cos few members keep digging up staff from the recycle bin, but :

 

  1. First Post: Oct 23, 2006 11:44am

spank
Status:Member
Last Online: Dec 26, 2006

so what the philosophic advises worth really at this point?
just as well could open a new thread based on this:
how many month it takes to give up to become profitable?

there is always, always another trade!!
  • #91
  • Jan 26, 2018 9:22am Jan 26, 2018 9:22am
There are always newbies looking for an answer to that particular question, I think, so I don't think it's much of a surprise that the thread is still alive.
  • #92
  • Jan 30, 2018 4:10am Jan 30, 2018 4:10am
Quoting havo
{quote} Like 6 months.. and i had to ditch all the crap i learned from the internet, the same copy/paste you see everywhere and its just not true/misleading in real life trading
To become a successful trader within very short time is an impossible task , but I don’t know how you became successful within just 6 month. Can you please elaborate your successful story ? I want to be a successful also and I need a help from you.
  • #93
  • Jan 31, 2018 8:56am Jan 31, 2018 8:56am
Quoting MarkFxAnde
{quote} To become a successful trader within very short time is an impossible task , but I don’t know how you became successful within just 6 month. Can you please elaborate your successful story ? I want to be a successful also and I need a help from you.
No.. it WAS around 6 months AFTER a ditched all the nonsense bs "copy/pasted" that i learned (like most people when they start) and all the little things that i tested it doesnt work in real life trading conditions; the good thing its that i had a semi solid foundation in how to read a chart.

Sadly i was "forced" to slow down A LOT with my trading; in my country, between a faulty internet conection and the time it takes me to find basic resources (food, medicines and other stuff) im not trading every day as i would like to do it.. but thats a different history
  • #94
  • Jan 31, 2018 9:32am Jan 31, 2018 9:32am
Quoting spank
I'm a newbie and just like to know on avarage how many months/years of exprience did you guys get to be come profitable month after month? and what kind of meterials/book did you read? took any classes? thanks
Well. There is no concrete answer. Everyone is different. You can't compare yourself with others. May be your understanding level is higher than others or vice versa. Then comes how much time you are giving to learn the art of trading. I would suggest to study more about trading psychology and risk management. At the end people stuck with this problem. Read the book Trading in the Zone by Mark Douglas.
  • #95
  • Feb 1, 2018 8:58am Feb 1, 2018 8:58am
Quoting James007
{quote} Well. There is no concrete answer. Everyone is different. You can't compare yourself with others. May be your understanding level is higher than others or vice versa. Then comes how much time you are giving to learn the art of trading. I would suggest to study more about trading psychology and risk management. At the end people stuck with this problem. Read the book Trading in the Zone by Mark Douglas.
I agree. It takes as long as it takes, that's the simplest way to put it. People have different learning curves, there's no need to compare oneself to everyone else.
  • #96
  • Feb 2, 2018 5:49am Feb 2, 2018 5:49am
Quoting James007
{quote} Well. There is no concrete answer. Everyone is different. You can't compare yourself with others. May be your understanding level is higher than others or vice versa. Then comes how much time you are giving to learn the art of trading. I would suggest to study more about trading psychology and risk management. At the end people stuck with this problem. Read the book Trading in the Zone by Mark Douglas.
I know everyone is different and everyone has a different trading style in order to their experience. but there are some common issues which is suitable for all kinds of traders and no one can avoid it. We should keep learning and practicing until the end of time if we want to get maximal result from here, there is no way to stop learning , even after passing a long time in here with successfully.
  • #97
  • May 26, 2018 5:32am May 26, 2018 5:32am
Quoting MarkFxAnde
{quote} I know everyone is different and everyone has a different trading style in order to their experience. but there are some common issues which is suitable for all kinds of traders and no one can avoid it. We should keep learning and practicing until the end of time if we want to get maximal result from here, there is no way to stop learning , even after passing a long time in here with successfully.
Yes every traders we have a different trading strategy , should choose broker which is more appropriate to the concept of trading that will be used , if you love doing scalping , should choose the broker which allows this trading techniques without any kinds of restrictions, otherwise you could fall a great trouble when trading practically.
  • #98
  • May 27, 2018 5:39pm May 27, 2018 5:39pm
Quoting spank
I'm a newbie and just like to know on avarage how many months/years of exprience did you guys get to be come profitable month after month? and what kind of meterials/book did you read? took any classes? thanks
No one knows. It differ from person to person. And even most people never get into it. It Will depend on various factors. If you come to forex by knowing that it's the easiest thing to do, first you have to unlearn yourself. Then we have to relearn everything. How quick learner you are that's a matter. How well you can apply your knowledge that's also important matter. So it's better to learn without any negetive thinking.
  • #99
  • May 27, 2018 10:01pm May 27, 2018 10:01pm
Hi All...i'm new on this great forum. And i need an advice on forex. After i read some opinion, whether to be a profit takes about 6 months?
  • #100
  • May 28, 2018 5:10am May 28, 2018 5:10am
Quoting JimmieKip
Hi All...i'm new on this great forum. And i need an advice on forex. After i read some opinion, whether to be a profit takes about 6 months?
Welcome to this community, keep learning and happy trading. Good luck
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