How long should it take before I hit the jackpot

I am an amateur trader, I am very curious as in how long it should take before I actually find a strategy that I working for me?

dont know. but call me when you're there, we can become friends.

Are you still searching for your jackpot?

It can take a short time if someone out THERE is willing to share with you their winning strategy and you're willing to receive, or you're in luck to strike the jackpot digging for it in the right place, which is highly unlikely you're the lotto winner. So short answer : FOREVER

Eighteen years, but I am a slow learner. I think I finally found the only way I want to do this thing but there is still work to be done. The way you put the question shows that you already know everybody has his/her own way. That is a good start. Probably I wasn't so quick to understand this. Bad for me. Good luck in your quest.

Good question (though it belongs in "Trading Discussions", perhaps, rather than in a folder which lists and discusses specific systems?), but I think the answer varies hugely from person to person.

I'd say the answer depends on a variety of factors, including: how familiar you are with the basic concepts of statistics and probability essential to deriving steady profits from any kind of trading; how much time you have available; how much judgement you have over issues like deciding by whom to be advised; how good you are at distinguishing information from misinformation and fact from opinion; and so on.

It took me about 3,000 hours of combined study-time and screen-time to work out what I was doing and find "my overall approach/strategy", and about another 3,000 hours before I could actually make a living from forex trading. (But to be honest, I very luckily had many advantages which most people don't have, including resident expert guidance from a family member who's been a pro-trader for decades.)

I think the key concept to grasp, at the outset, is perhaps that it isn't really about finding "a strategy that works" (it's traders who "work", really, not "strategies"): it's about learning enough and understanding and gaining enough experience of the markets to be able to develop an overall approach that's suitable for you. Please excuse my stating the obvious, but given the overall, long-term success-rates in forex-trading, it's clear that the great majority of people never actually manage it at all, so that makes "average figures" close to impossible to determine.

just Pm me. i will share all important links and information with you, free of cost. i have learned trading free of cost, so sharing it free of cost. i learned in 2 years.

Bryan, you better print that part and hang it over your desk

I can only speak for me and maybe a bit for the people I tried to teach (I gave up on the latter one btw). I found it easy to develop a strategy (as in something more or less mechanical to get some pips out of the market and having a net profit more often than not over a given time frame). What wasn't easy and what was even more complicated for the people I tried to teach is the psychological component. Most people have an employee mindset not an entrepreneurial one.
As a businessman you take risk every day: You meet with 10 potential new clients, some of them even 3 times. After a specific amount of time one signs the contract, the other ones were losing positions (you paid for petrol, time ...). As an employee you go to work, you do something valuable or you pretend to do so but you're always getting paid in the end. Actually the only time when most employees are acting more like entrepreneurs is when they're looking for a new job.
To come to the point: most people have to learn to handle losing positions. Only losers lose, winners always win that usual bullshit most of us grew up with is hard to fight. Now, lucky for me, I was self employed since 19 years old (or so) which was quite an advantage but it's still different in trading because the rejection in trading comes faster (than in traditional business) but luckily also the approval.

So many words for a stupid question... Sorry I talk honestly but I prefer this method. Trading could be brutal so...
No one could explain to the guy he can't think like that ?

His first approach is fucked. It is not working like that.
It depends of you... of your environement (calm or not for exemple)... your free time you could spend in it... and much more so you can't have a serious answer.

A guy who started to trade with me, he didn't spend enough time (and not enough motivation too) in it and now he is thinking to move for some shitty activities like sport bets and binary... Yes, he finaly abandonned the idea to do it as a full time job.
And the opposite exemple, a young guy who started to trade some months ago after he had to join S&P as a trainee (he doesn't trade there) is MUCH more pro than me and maybe many people here.

Want to be a trader ? A full time trader ? profitable ? say bye to your family, friends and occupations and go work on it 7/7 (week-end are useful for studies) and you'll get what you want after a while (it could be short or long, eveything depend of you). There is no secret, it's like a craftman.

Good luck

Just for information, I started to earn something when I stopped to listen other people giving advises about tradable products or methods, same for economic news and many other things. That's my personal experience, I understand every person will have a different road to the goal.

Try this.

Ooh, I had one of those National Lottery tickets, once (I bought a newspaper with only a £10 note on me, and the shop didn't have any £1 coins in the till, to give all the change, so I took their offer of a lottery ticket instead. Didn't even win anything! ).

Let's be realistic bryan: if you are looking for a jackpot, you probably will never find such a strategy; if you are looking for a realistic strategy that will give you 5-10% / year, you will not need that much. It may sound cryptic, but if you want to start being profitable, first of all you have to learn how to don't lose money. There are typical ways newbies burn their trading money then run away. Don't be one of them.

Hit the jackpot? Maybe you should be buying lottery tickets.....

Depends what you define as jackpot...

But if you mean you 8 figures then it will take hours of research...... sleepless nights....

but good luck.

If you think its a easy way to make money, and tomorrow you will be a millionaire with a strategy you found online... think again.

Happy Pipping

soonn , very soonn ... worry is not 0n the menu ...

Depends how much work you are prepared to put in, but the 10,000 hour rule is about right.

amen brother.

@bryan dont get sucked in to the bullshit pictures and videos and testimonies floating on the internet of dream cars,hot models and living the life.. i know you want to be dan bilzarian, sad to say, trading is not that platform for you mate.

Through the years, I have combined meditation, action, and trading into a single strength. I believe that when the body is strong, the mind thinks strong thoughts. Time spent away from the charts makes my mind degenerate. I wallow in a thick depression. My body shuts down my mind.

The chart is the best antidepressant I have ever found. There is no better way to fight weakness than with strength. Once the mind and body have been awakened to their true potential, it's impossible to turn back.

The chart will never lies to you. You can walk outside and listen to all kinds of talk, get told that you're a god or a total bastard. The chart will always kick you the real deal. The chart is the great reference point, the all-knowing perspective giver. Always there like a beacon in the pitch black. I have found the market to be my greatest friend. It never freaks out on me, never runs. Friends and family may come and go. But two hundred pips will always be two hundred pips.

Are you Henry Rollins, Bicarus? Your post above appears to be pasted in excerpts, unaccredited, from his website: http://www.oldtimestrongman.com/stre...-henry-rollins ...

5 minutes to never its up to you

It doesn't matter how long you'll be in training session (demo account)
You might be a fast learner, you might be a slow learner, it doesn't matter. As long as you could make yourself to be a profitable trader, you're ready to step further...