Time it takes to be a Successful Forex trader

You will need that much time in which you can find your trading edge. Some people find it in 6 months, some take many years and some are there who never find their own trading edge. It will depend on your dedication, determination, quest for learning and level of understanding. But i think initially you should take it as part time. Once you find what works for you, you can take it fulltime profession.

I agree. It takes as long as it takes, every person is different, every person has a different learning curve and they should not compare themselves to others.

That’s the point! I know a trader, who is making money just using moving average crossover trading strategy; but it’s not working for me! That’s the reality.

Do you know how long it has taken him to become successful in that manner?

Can anyone make sure there is any difference between successful and professional trader ?

How much time you need to become successful in this market is mainly depend on your trading abilities and knowledge about forex.

Success in Forex trading requires a lot of patience. Because if you can't create a trading strategy with patience, you can never make money.

There is on shortcut to become successful. Traders need time to gain experience and successful.

Successful trading depends on most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a successful trading life at all if you don’t have a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.

That's a fact no doubt, success doesn't come overnight. It takes years to be profitable in forex. We have to stay calm and hang in there.

I agree. Broker plays vital role in trader's success. If broker turn in to scam broker it will be worst nightmare for trader.

yes broker is an important role for all kinds of trader , because the broker can affects the result of our trading with certainly , so we the traders of course have to be more careful when it is time to choose a right broker.

we the traders should choose the broker which is more appropriate to the concept of trading that will be used , if love doing scalping should choose the broker which allows trading concept such as this. its a very dedicated decision.

Yes, selection of a broker is a crucial step, which definitely has good role to play in any trader's journey. Deciding on one, must be done after doing good research and testing only.

Becoming a successful forex trader takes time, dedication, and a lot of effort. There is no fixed timeline for becoming a successful forex trader, as the journey is different for everyone. However, generally, it takes around 2 to 5 years of consistent effort to start seeing significant results.
The first step towards becoming a successful trader is to gain a thorough understanding of the forex market, its functioning, and the trading strategies that work. This requires a lot of research, education, and practice. It is important to learn from experienced traders, attend training programs, and read books to build a strong foundation.
Next, it is essential to develop a trading plan and stick to it. This involves setting clear goals, defining risk management strategies, and following a disciplined approach to trading. Traders must also be patient and avoid making emotional decisions, as this can lead to costly mistakes.
In summary, becoming a successful forex trader takes time, effort, and discipline. It requires a deep understanding of the market, a solid trading plan, and a commitment to continuous learning and improvement.

I suggest you have a solid trade record of minimally a year or 2 before deciding to be a full time forex trader. This is to ensure that your strategy is able to work over a long period of time. This is also to ensure that you will face at least a full year of market cycle and make sure that your strategy works. It’s a way to hone your trading psychology as well, since there will be times where you are on a losing streak and in a period of drawdown. Of course there might be a chance that your strategy might not work after 2 years, so you will need to adapt.

Trading for an income will be stressful as there might be some months where you do not have any profit. Your psychology might be affected as you might not have enough savings to tide you through. What if you're in a period of drawdown? Do you have sufficient savings to tide you through this period? Or are you going to withdraw your capital?

If you have a day job now, trading might be less stressful as you do not solely depend on your profits to survive.
For me, I can survive on an average of $3,000 a month, give or take. As I do not want to stress myself too much trading full time, I assume that on average I want to hit 2% a month. Working backwards, I should be trading a minimally 200k account so that I can constantly withdraw my 2% profit per month, as well as compounding my account. (Note that I need 150k account to get $3,000 a month with 2% profit)

Ultimately, it all depends on how much you think it's enough. If your strategy can yield you an average of 5% a month, you can survive with a lesser amount of capital. If you need a lower amount of money to live each month, you can also survive with a lesser amount of capital.

You might think that surviving on prop firms is fine. Remember that the capital you manage is not yours and they might change rules anytime they want. You’re at their mercy. Build up your own account using the profits you earned from prop firms. You will be your own boss trading your own capital instead of relying on prop firms with strict trading rules not set by you. Once you have your own capital, profits from prop firms can be your side income.

Well your question, to my mind is equal to: "How long does it take to become real cool and tell the shitheads to stick it!"
Only the one willing to go the distance will find out.
Meaning i dont think its a matter fully decided by this what you call "Time".
Actually im quite sure of it based on experience.
The best trading days i ever had was my first ones.
So that would seem like i already knew it from the beginning.
After 13 years of doing now its more a matter of knowing one self.
Knowing when i can take a loss and just let it go.
Knowing when im well rested and my mind is in the right place.