How long does it takes to become a successful trader?

Question

Ross · Accepted Answer

Imagine having a mentor who was 100% aware of what he was doing and spending two hours a week with him. You could make substantial progress and cut many beginners BS pass through. It is extremely difficult to tell how long it takes to achieve success.

Derrick · Answer

It is obvious that the more time you devote to trading, the sooner you're likely to see profit coming in. The time that you spend honing your trading skills and refining your trading strategy helps to build your direct knowledge of trading and your life experience of trading in the markets. While a solid education in trading is essential before you start, nothing can replace the value of actual trading experience with real money.As a new trader, you should be looking to spend a solid amount of time each day on perfecting your craft. The more time that you spend, the sooner you will become a profitable trader.

Kenneth · Answer

I have been there for two and a half years now. There were many mistakes I made, but each one taught me a valuable lesson. Due to human error, I sometimes made the same mistakes over and over again.Over the course of this learning trip, I lost over ten thousand dollars, but not in a single deposit.Currently, I am able to earn 1 to 3% of the capital each day IF the market is in good shape, otherwise, I avoid it. When things go wrong, I tolerate the same amount of loss a day rather than more because of a simple strategy that almost 70% of the time works. There are some golden rules in Forex: controlling your emotions, managing your risks, and not forcing trades when you are not absolutely certain that it is a good time to trade. Take advantage of trailing stops to ease waiting and to allow you to relax more. You should not use STOP LOSS; however, you should have a stop loss in your mind that you will not change no matter what happens. Market makers track stop losses and use them to close trades with fake volatile movements. Take care of that.The conclusion of my answer would be that controlling myself is more difficult than controlling trading. You can make miracles if you work on your emotional stability and self-control.

How long does it takes to become a successful trader?

6 Answer

6 Answer

How long does it takes to become a successful trader?

6 Answer

6 Answer

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