How many years to become profitable?

[laoxmagokzalewz]

I'm a newbie and just like to know on avarage the number of months/years of exprience did you guys get to get come profitable month after month? And what? Took any classes?

thanks

[oxmlajlle3]

quote How long can it take you to become consistently successful?

Like 6 months. . And I had to ditch all of the crap I learned from the internet, the same copy/paste you see everywhere and its just not true/misleading in real life trading

[OXNGMAGOMA44]

Two months after Demonion

Really? I presume, then it would be a case! By the way, just how many months you have been doing your live trading? Are you enough? I am asking these questions because I have not seen any profitable Forex trader by just two months demo training! Here I am waiting to understand your detail response!

[Camlllgmm8]

I'm a newbie and just like to learn on avarage the number of months/years of exprience did you guys get to get come profitable month after month? And what type of meterials/book did you read? Took any courses?

Thanks

Well thats a fantastic question but with a complex answer. It depends on how much time you've committed to examine the market. If you have several hours per day I'd say it's probably feasible to become constant within 6-12 months however everybodys learning curve differs. Me personally, I've been analyzing investing and forex specifically for approximately 2Â 1/2 years. What I've found is that it is rather an intersting ride. I also took time off today and then just to escape from the market. I knew once I got it I'd return.

I'd suggest reading some books to get you started. I would advise the Market Wizard show by Jack D. Schwager that has interviews of top traders. Also spend a fantastic amount of time reading the forums . I spent like 6 weeks here before I left my first previous I think since there is so much to read. If you do not understand something you can also ask

wish you the very best

[jjcm161]

Don't ask, How much time does it take to become profitable month after month, but instead, How much time does it take to create less and less mistakes, month after month...

[salamllaoxmay]

My suggestion is to open a demo account on your favorite broker to learn the interface, then go in a micro account with $500. Consider it tuition money, because you'll likely loose it all. After that account is empty, put another $500 in, and now adhere to your own system and money management program just like industrial strength velcro, and you may actually break . Rinse and repeat.

Some people today spend too much time reading, learning, and not enough time doing.

[LhaisCN]

.. .then go in a account with $500. Consider it tuition money, because you'll likely loose it all.

Horrible information in my view. Why would anybody in their right mind go into live trading thinking they'll lose it all? If you do, you're absurd and should save your time and money.

[salamllaoxmay]

Horrible information in my opinion. Why would anybody in their right mind enter live trading believing they'll lose all of it? If you do, you are absurd and ought to save both your money and time.

That $500 you loose in real world trading will be a better learning experience than any $500 worth of books or ace lectures.

[nnango1959]

That $500 you loose in real-world trading is going to be a better learning experience than any $500 worth of books or even guru lectures.

Or the $500 you shed at a demo account is worth more then the $500 books/lectures.

Utilizing real cash during the very beginning isn't worthwhile in my view. Maybe after you're done playing and studying through the initial learning curve using a demo account, and believe you're ready to try out some actual cash to take care of the pychological shift from demo to actual, then yeah, I'd say that the $500 afterward is worth what you may get out of it.

[jjcm161]

The dumbest thing you can say is just use X amount of money since you're likely to lose all of it. With an attitude like that, you may. The odds are stacked against you, do not make them worse by having an attitude like this.

Go search for your FXCM movies where Rob Booker talks... he hits the point well.