How long did it take to become consistently profitable?
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Thread: How long did it take to become consistently profitable?

  1. #1
    It would be nice to hear from succesful traders that it took to learn the skills that made you profitable?

    I've researched trading for about 9 months now, and finally I feel like I am pretty close to reach the consistently profitable status. It's been worth it, although It's been way to come, a lot of studying and desparative feelings.

    How about you, how long it happened when forex actually began to reward you?

  2. #2
    Quote Originally Posted by ;
    FX-Junior,

    Congratulations on your recent success!! That is a true achievement. To answer you question you must look over your question you must first specify. Many would say that means your account balance is going up. Up how quickly is that which should be of greater concern and by how much.

    Many people, myself included, have experienced runs of consistency in which our account goes up quickly and it appears we are dialed in. Afterward the market changes and how we use to exchange does not synch up with all the...
    Amen...

  3. #3
    Quote Originally Posted by ;
    1. I am 20 still residing with my pearents along with also the help me in trading which is candy (cause they know I really hate school and work). Been a very bad 14months yes, but if I was a uni student have that money .

    2. I miss the safety of a occupation, many times I have been tempted to go get a second job just to get some money again. (I actually don't take money from my trading account since I am growing it). I started a custom computer company that offers me some cash for gas, meals, etc, auto maintenance. (obtained...
    Great. The largest advantage for you is your age. You are only 20 and have figured out profitable trading setups.

    If you are able to crack this FX market, I am sure the quality of your life will probably be great when compared to working in a 8-10 hour day time occupation.

    I'm 27 years old, retraining itself for an auditing profession after doing shit work in a call centre and thats the biggest problem- I cant manage to sit at home and dedie itself for full time trading career right now.

    I'm still in learning theme and I am sure if I can watch charts 10-12 hours a day for a year, I'll find the knack of good trading setups.

    But I cant manage to sit at home for yet another year. . .so after finishing my course I have decided to pick up a full time job and keep training my thoughts.

    Once I have got a trained mind, I will choose to shift to full time trading.

    Trading is intense hard work.

  4. #4
    Quote Originally Posted by ;
    And I just spent the last 1/2hr trying to work out how to take a screen shot on XP which will alow 3xFull HD screens to be captured so that I will present my account statement. . I, however, can't so sorry (may be too high resolution for XP),
    Try putting your statement on just 1 screen. I can capture and upload anything using free software download http://www.jingproject.com/download/

  5. #5
    Quote Originally Posted by ;
    It'd be nice to hear from succesful traders how long it took to learn the abilities that made you consistently profitable?

    I've studied trading for about 9 months now, and I feel like I'm pretty close to reach the consistently profitable status. It has been worth it, although It's been tough means desparative feelings and to come of analyzing.

    How about you, how long it happened when Foreign Exchange really began to reward you?
    It is individualy. Everything depends on you. The way you can analyze the situation, the amount of pairs, you use and you work with it. Everyone more success, more training. As for me personally, it took 1 year to become profitable trader.

  6. #6
    I have been trading forex for 1.5 decades and still wouldn't say I am consistently profitable, sometimes yes but I do not believe I have been trading long enough to say consistent.

    I have attempted a Trading space, a private trading course with a mentor, another system based on swings, extended term trading short term trading, you name it I've done it. It doesn't exist although I had been on the hunt for the easy system. What this has done is give me learning time, from each encounter I have picked up a bit more knowledge. I believe this is trading takes a long time to grasp, it takes time to include all the pieces and have them become a part of our knowing.

    At this time I am being very disciplined with my record keeping to ascertain my very best risk/reward ratio. This is one of the things that are most essential to think about when trying to work out how to be profitable. The risk/reward ratio is the only thing we can control when trading.

    You might have a system that's 70% accurate but if your risk/reward is not right you may still lose money.

    A 40% accurate system can make you profitable if your risk/reward is great, that's 2:1 or more.


    Robert, I loved your post, very inspirational, I will be showing that to my sons that are 13 and 15. I concur you have 1 life, spend it doing what you enjoy!

    I also enjoyed your Brugges narrative, do you have a travel site or trading blog?you have a talent for writing for certain.

  7. #7
    Creating the system that has a filter that is great. I.e combining the right pair of indiors to produce the consistent winning results should be great enough.

  8. #8
    Quote Originally Posted by ;
    That is a really hard question to answer. I'm 51 now and when I was in my 20's I'd never have considered doing so.

    In your 20's you've got more energy and time, yet less maturity and humility. Additionally, most individuals do not really know when they're in their 20's, which isn't a bad thing at 27, what they want. It's important to have a variety of pursuits, how else can you know what you want until you have looked at many things?

    Lectually, trading isn't very hard, it simply is not. However, the suitable appliion is extremely...
    These are the most inspirational words I have ever read or heard.

    Thanks.
    .

  9. #9
    Quote Originally Posted by ;
    All these will be the most inspirational words I have ever heard or read.

    Thanks.
    .
    Ironically his title is Dopey.

  10. #10
    I think it takes time and good practice to make really profit from Currency Market but I have see that from my trade

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