Time frame for proper research about forex?

Skysaint

Verified member
We all know forex trading as one of the most risky trading businesses in our current time. It's so complicated and quite vague to easily understand or rather say predict. I for one have been into learning about the theoritical aspect of the business and it's still not very clear to me.
So this presents the need for making explicit research about forex trading before venturing into the business. After gaining the basic or theoritical knowledge, then it's best to use a demo account for practice to gain experience before fully trading in the site. Knowledge and experience are the two key things I thought are needed before starting off in forex trading.
So how long do you think it will take someone to learn or research about forex inorder to be confident that he stands a chance of earning from the site?
 

Ray Martinez

Verified member
Everyone trades in the market for making profit. But it is not easy to make profit. Forex market is like a puzzle game. You have to make proper decision in proper time. It is quite difficult to take quick decision without the help of any broker. Making profit is mainly depend on the spreads and leverage and the ability of taking quick and appropriate decisions. I always trade with Forex4you. Because they provide low spreads starting from 0.1 pips and give a dynamic leverage at maximum of 1:1000. It helps me to ensure my profit easily.
 

Kingstone

Verified member
The time to become a pro in trading depends on the time you spend learning and making research. You don't expect to become an expert when you don't take yhe initiative to learn about charts, trends, and others. It doesn't work that way. I have been learning trading since last year and I have never become an expert in it.
 

Phabbyfundz

Valued Contributor
In forex, you commitment and patience matters, as every other learning process it takes time, great research and study .
Before you can start trading profit you have been studying and practicing for at least six months, some take shorter time to be a confident trader and to avoid risks of loses.
 

Dita Walczak

Verified member
Trading requires a plan. If a trader trades without a plan, he will never be able to make a consistent profit. Therefore, every trader needs to work by maintaining discipline and plan. I do intraday and swing trading. And in this work, I use the daily platform of Eurotrader broker. This broker's Mt4 & Mt5 Both are available platforms help me more.
 

Robson Dey

Verified member
As we all know forex is a risky market. Traders can lose money in the blink of an eye. It is wise to control risk in forex traders. New traders often fail to do that and lose whole capital overnight. It is common to lose money in trading. Just accepts the fact. Try demo trading first. Learn from your mistake. Use a trading strategy with proper risk management.
I learned about risk management from Forex4you free educational courses. This is the best broker I have ever seen. They always help me to make consistent profit from this market. They are very reliable. They provide 24/5 customer support to their clients.
 

Neel

New member
Everyone trades in the market for making profit. But it is not easy to make profit. Forex market is like a puzzle game. You have to make proper decision in proper time. It is quite difficult to take quick decision without the help of any broker. Making profit is mainly depend on the spreads and leverage and the ability of taking quick and appropriate decisions. I always trade with Forex4you. Because they provide low spreads starting from 0.1 pips and give a dynamic leverage at maximum of 1:1000. It helps me to ensure my profit easily.
I agree with you, I would also like to add that in todays time we need to know the real time with smart work.
as you mentioned above that its a puzzle game, yes you are right !!!
however if we know to play very well with sharp minds and strategy then we can surely win any game.
 
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Skysaint

Skysaint

Verified member
The time to become a pro in trading depends on the time you spend learning and making research. You don't expect to become an expert when you don't take yhe initiative to learn about charts, trends, and others. It doesn't work that way. I have been learning trading since last year and I have never become an expert in it.
You're probably right about that. I also have been learning about the theoritical aspect of forex trading for quite a long time now and I still don't have the full confidence to trade in the business considering how risky it can be. So it's very important that a newbie to the trading business learn and practice as much as they can before trading live in forex
 

Mandy96

VIP Contributor
Forex has a lot to learn about though, but I still don’t think it has a lot comprehended in it. One can learn about this within a week or so. Some people do even bring adverts on radio station to inform people on a one day tutorial on how to earn money with forex, and it is more like a conference meeting because definitely it will be visited by group of adults even some married men and women. Not to speak of it, the tutor can’t be expected to be a kid because he know he or she is going to be tutoring adults so they just going to teach you the main basics that is needed to be known to venture in the business
 

tetramorium

New member
Many marketers often portray forex trading as a skill that can be learned very easily in a few days or a few weeks. However the reality is different. The theory and technical aspect may be learned within a few weeks but learning risk management, trading psychology, analysis and other deep rooted concepts can typically take upto one or two years. Apart from that, it also depends on your dedication, the quality of course, the way of teaching or whether you have any prior knowledge of the financial markets.
 
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Skysaint

Skysaint

Verified member
Forex has a lot to learn about though, but I still don’t think it has a lot comprehended in it. One can learn about this within a week or so. Some people do even bring adverts on radio station to inform people on a one day tutorial on how to earn money with forex, and it is more like a conference meeting because definitely it will be visited by group of adults even some married men and women. Not to speak of it, the tutor can’t be expected to be a kid because he know he or she is going to be tutoring adults so they just going to teach you the main basics that is needed to be known to venture in the business
Well, I certainly don't think so or maybe it's because I haven't really met someone who learnt forex within a week. It do take time for you to understand the concept, and also master how the trading indicators are being used to our advantage while trading in forex and all these really needs some patience to let it all work out for you to see. I have been learning about forex for months and I still don't trust myself to go into trading live in forex. Although I am planning to begin trading early next year but the point is that it do take some time to even prepare yourself psychologically for it.
 
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Skysaint

Skysaint

Verified member
Many marketers often portray forex trading as a skill that can be learned very easily in a few days or a few weeks. However the reality is different. The theory and technical aspect may be learned within a few weeks but learning risk management, trading psychology, analysis and other deep rooted concepts can typically take upto one or two years. Apart from that, it also depends on your dedication, the quality of course, the way of teaching or whether you have any prior knowledge of the financial markets.
I totally do agree with your assessment. Forex trading actually demands you put in a lot of time that is the more reason I hate visiting YouTube videos on Matti regarding forex as most of them portray forex trading as something you can learn after watching the video and go into trading live in forex trading and within months make a huge sum of money from it.
But I think this isn't always the case in reality as one really have so much to learn about forex. I made my research myself about cryptocurrency and right now am doing just fine but I didn't get the concept of forex when I first tried it out
 

Sethbala11

VIP Contributor
The forex market is a very broad one. I personally believe that a person should allocate not less than 6 months to learning forex in general and also trading with their demo account. You can then trade with real money after this.
 

Mika

VIP Contributor
You only need 4 weeks to learn about forex trading. If you have an interest in forex and if you want to invest money in forex trading, all you need is to register on the forex trading platform where you can get a demo account. You don't have to deposit money on your demo account, instead, they will give you virtual currency that can be used to trade. You will learn by demo trading.
 

JoeSeki

New member
I don’t think one should worry and think about the time needed to learn forex trading because it’s a continuous process. More than what you learned before starting trading you should focus on learning during your trading journey. The actual learning process starts when you put your feet in the market and not when you are on the other side of the market.
 
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