How Long Does It Take To Start Making Money With Forex

[Dita Walczak]

A trader needs to spend initial two years to develop him. But if you hasten for making a quick buck, he fails maximum of the times. However, determination, patience and perseverance lead a person the way of success. Eurotrader broker provides such facilities to traders that traders can easily carry away good return from trading.

 

[waldgrave]

Every trader takes his/her time. Some do it early, some take time. But what is common between the two is their learning approach and hard work. Both work hard consistently to become profitable. And that’s what you should be focusing on. The system of growing, rather the outcome. It will help you achieve your goals faster.

 

[CrozeGrog]

If you have the skills, you can start making money right now! Honestly, I don’t think there aren’t any specific number of hours that will make you a trader. It’s a practical skill that develops with practice. So as long as you are learning and practising, sooner or later, you will start making money.

 

[Jentacular]

It’s bad how we relate making money in forex to a certain time period. Forex trading is a skill. If you have skills, you will start making money immediately. And if you don’t, try trading and you will fail. Now, the question is how long does it take to develop skills? Again, there is no specific answer. You have to keep practising and get better. Results show up when you keep learning.

 

[cashisking149]

Impossible to answer as it depends on the individual, their capacity for learning, how much they practice, what they practice, their tolerance for loss and how they cope etc.

 

[Feeble]

There is no fixed time period to earn profit in the market, it depends on your trading system and how you manage your funds efficiently by minimizing risk as much as possible. Every trader has an individual goal and accordingly receives returns based on the decisions they make while trading. It can’t happen instantly and may take a few months or even years.

 

[stan359]

I don't think there is any fixed time to place trade. It all depends on the individuals involved. Personally I place my trade in the morning before I step out. While some people prefer to place trade in the evening time....

 

[Symphonia]

You can start making money immediately with forex trading but sometimes it takes a few days. It depends on the amount of leverage used and how much capital is available in your account.

 

[Trigonal]

It's quite unexpected because, in the past, traders have made money in a day while others have made money after a year. Profit will come to you if you have a decent trading plan, patience, and the ability to work hard. So, trade without concern here, knowing the market well.

 

[Theanthropic]

It varies from trader to trader and their capabilities, skills, and risk appetite. If you are interested in forex trading, the best I can suggest is to take baby steps so that you don’t skip important points and take care of all that is happening.

 

[Diapason]

It takes as long as you want! There is no fixed answer to this question, and there are no shortcuts in forex. You’ll start making money in forex when you successfully apply what you learn.

 

[Eduard Hahn]

Six months to a year generally! But there is no guarantee. Some traders might start making money before that and some may even take more time.

 

[Nimrod]

6 months to 1 year minimum! If someone happens to start making money before that, it would be pure luck because the market is difficult to understand and it would take time for any trader to get an understanding to execute profitable trades.

 

[Chlamys]

All traders take their own time. But how quickly you see results depends on how well you are with your trading skills. Some traders do it in a year while others take 2-3 years. All of it narrows down to your learning approach and knowledge. So follow a progressive learning plan that meets your goals.

 

[Asahi]

An indicator provides signals based on market index and similar other data. For market analysis, use of indicators is a very common sight. There remain a number of indicators on a platform and traders pick one of them according to their knowledge over it.

 

[saoussen5765]

Forex is unlike other investments investment is limited when the market is green and not in beer market if you are a seller and opposite if you are a buyer means in all cases depends on what you will do exactly.

 

[Ithedicious]

It will depend on so many things that will determine how long it will take you to start earning with Forex , but at the same time passing through all the normal training that will help you predict the market movement perfectly will not take you less than one month and that is what every intended forex trader should know.

Let's just say you spend 1 and a half months to learn everything that can make you a professional trader , normally you should start making money with those skill you have acquired immediately except you were not really serious during the training session.

I will say that anyone who has passed through the normal training may not likely spebd more than two months before they start generating signal on their own depend on so many things. Like your time and other factors like eagerness to succeed. One to two months is enough.

 

[Jenet]

There is no certain time period that brings out the best trader in you. When you have developed a sense of the market and can handle the risky situations coming your way, you get closer to making money. Keep the right mindset so that you are not pulled back by your negative emotions.

 

[Palaeophile]

If you are in a hurry to make money and looking for easy ways to earn money, then forex trading is not the best place for you. In forex trading, you can only earn through knowledge and expertise.

It is good to focus on improving your knowledge at the beginning of your trading career. Work hard with patience and you will be rewarded over time.

 

[Tubiform]

There are shortcuts but making money in forex depends on our investment of time in learning and practice.