How many years to become profitable?

Trading Forex profitably requires that you employ a definite strategy. There is no right or wrong way to trade, rather what is important is for you to determine the one you will adopt.

Hello there JimmieKip! Welcome on board. I am also new here. Hope you have s successful forex journey! Regarding your question now, if you're asking whether it takes 6 months to be profitable then I think there is no definite answer to questions like these. It all depends on your pace and ability to learn and grasp the dynamics of forex markets. Some people understand it sooner and better than other people. Just because someone has started earning profits after 6 months is no guarantee of a consistently profitable forex career. Just be patient and keep learning. Good luck!

99.9% of retail traders will never ever get to be consistently profitable in trading

As per me it is not the matter of time, it depends on person to person that how much time does he take to become profitable. some traders are able to make consistent profits within an year, while there are some others who are not capable of making money out of forex even after years.

Interesting question, but it can't give you exact answer I guess.
For beginner, duration of study for knowledge depend on how much you study each day or each week.
When creating demo account, how long you'll be able to grasp the knowledge of using is depend on how long you use it each day.
When trading in live account, it depends on how much leverage you use and how much size is your account.

See, there are lots of factors to consider before deciding how many years to decide. But yes, it's meaningful to plan, so plan accordingly for acquiring knowledge, for demo, and for live. That enables you to become good in management if you apply it well.

There is no exact, "one size fits all" answer to this question, everyone is different and their learning curve is different.

I agree with you everyone is differnt and thats why everyone has a different learning approach. some people can achieve the same thing in a short span of time while others can take years.

How long did it take you?

99% traders will never become profitable. If you don't believe it, learn to code and get some analysis. Then you'll see why. There are a lot of myths here: most traders share here what they think, not what it really is.

5 years

I was a rookie many years ago, and I am a bad trader. No patience, greedy, jumpy etc. Cost me plenty! Then I started researching EA's. Free ones. I STARTED MAKING SOME MONEY! No holy grail here, but if you brush your teeth every morning with a toothbrush and toothpaste BOTH belonging to some other expert designer /inventor, dress in clothes you didn't make, eat food made by someone else, drive a car you did not design, work at a business with someone else as the boss etc etc etc, you must realize that there are a small few people with the ability to make a difference to your life. After all, 99% of people work for other people. These people are called Experts, Entrepreneurs, Inventors, people with a better insight than the ordinary guy like me and you. Unfortunately, with all the animals on this planet, there are also snakes and poisonous spiders, germs and viruses among these creatures. Now, if you can distinguish the difference between those, separate the thieves from the honest, you might do better in life. With Forex and especially EA's exactly the same. Most robots are sold with no warranty and cannot be tested before you take your cash out to buy them, but there are some that are different. I found some. Free, profitable (not without risk or resistance to stupidity) that can actually make the average 90% of losing traders some cash. Sometimes lots of cash. Here is one attached, and this is how I use it: (FREE!!)

Setting suggestions:

1) Auto lots = True; Max trades not 9999 but 12. On all 5 charts. SAFER WAY TO TRADE.

2) Only change the max trades to 12 with auto lots false BUT every time your account balance increases by 2500, increase one currency by an extra 0.01 lot. Leave the GBP USD till last and use the crosses EUR JPY and then EUR GBP first this way. COWBOY WAY TO TRADE (That's me!)

NOTE: If you put auto lots to TRUE, it will automatically increase the lot size with every $100 (10 000 US cents) increase in equity. This is of course the safest. Once you double your money, consider withdrawing your deposit and only trade with market money.

This EA is available free on the web and you can research it without my help. It may, because it is Martingale, blow up sometime. Hard to say. I haven't had a blowup in a year, so good luck trading (AT YOU OWN RISK PLEASE!)

As I find them, I will publish them. Not holy grails but a better chance to make money WHILE YOU CAN GO FISHING OR WORKING OR SLEEPING OR SIT IN THE PUB FOR A PINT!! Regards, Barry.

YOU MUST REALIZE THAT YOU ARE TRADING THE MOST DIFFICULT MARKET THERE IS AND THAT YOU DO SO AT YOUR OWN RISK.

i have seen on the mt4 and mt5 platform signal sellers. I can't believe people have over 1000 subscribers.

Everyone's trading clock is different. Some get it sooner than others. Just focus properly on demo trading. Don't get overwhelmed by others' pace of learning. There's no need of rushing. It'll only complicate things. Take your time to understand things and get all your confusion cleared.

I completely agree with you. It takes as long as it takes and every person is different. Don't compare yourself to others, just focus on learning.

I can’t tell you the exact figures but It took me more than a year and now what i know is my profits are more than my losses.

I am glad to hear that. I wish you further success!

This is what matters most in the trading, successful traders means whn profits starts exceeding the losses.

Maybe; or maybe not! It’s really difficult to mention any particular number! I see, many traders have more than 5 but till now struggling.

Every trader is different. Some become profitable within the year, some never do, it really depends on the person and there is no answer that could fit all.

Because they are not even consistent with their life !! trading its just another facet of life that shows them how inconsistent and unreliable they are as a human