Becoming a profitable forex trader
As with most things in life, if you become overly fixated on the destination profitable trading and forget about the journey, you will lose sight of what matters and of how you actually attain what you are aiming for.
This is a far more important and practical question to ask than the question in the title of this article. Therefore, what you need to do to become profitable is first learn how to trade properly. I have a number of articles that get into the topic of learning how to trade properly so please follow the following links to get more information on the answer to this all-important question….
Get Started Learning How to Trade. Master One Trading Strategy at a Time. The truth is, not everyone has what it takes to be a trader. You need to honestly answer questions like, are you ready to remain disciplined in the face of constant temptation?
How Long Does it Take to Become a Profitable Trader? » Learn To Trade
Are you read to accept the reality of the market, which is that the market does not care about you or your desires? Check out this article that asks Do you have what it takes to be a trader? I will give you the best and most accurate answer to that question I can. So, how long it takes YOU to become a profitable trader depends entirely on, well, YOU. Some people will just have an easier time understanding and applying the trading concepts that I teach in my price action trading course than others.
It is true that some people are born with a brain that is better wired for trading and all the pitfalls it comes with than others. Here are my final words of wisdom on this topic as I sign off from this trading lesson…. This question of how long until you become profitable really boils down to one thing, greed. These mistakes actually cause you to LOSE money and put you much further away from your goal of becoming profitable.
How long it takes should become irrelevant to you. I was referred to you yesterday by Haroon Kola and although l have just began looking into all the productsetc you are offeringI am as a beginner with very little knowledge already very impressed and exited. I agree that you have to love and enjoy the process, because once a trader becomes profitable they will have to stay profitable.
It is one thing to get a few lucky trades, but to be able to do it year in and year out, a trader will need to always be refining their skills. I personally have been involved in this forex trading on and off for more than 8 years.
Thanks to you I am finally beginning to understand a little fx trading. I do have your course and I am sold on price action trading. I have followed and read your articles religiously and every time I learn so much. I agree that a lot of us concern ourselves too much with the destination and not the journey.
I think it is also the time investment of the aspiring wannabe trader and lonely time spent to backtest strategies and find great filter rules to make sure that edge is present and execute with confidence.
Understanding the math behind. Love of trading should be above all, then one will be able to develop what it takes to be a trader. I am learning how become a profitable trader with price futures day trading stops setup.
Now I am understanding what is inside bar trading strategy and how it trading downtrend and uptrend market and also key support and resistance level.
Great and inspiring as usual. Trading is like growing an apple tree. You have to be patient and disciplend before getting the fruit.
Top 4 Things Successful Forex Traders Do
So trueone must learn to play the game before one can become a successful player. Gaining the correct skill is paramount. Wise words, as always. I feel I am beginning to grow into your philosophy — and it feels good; highly liberating, in fact. Thanks for everything you do. Wishing you and your loved ones a very Happy New Year! Im in trading now little less than a year. Demo you can play if you don know anything. But to become profitable evolves a lot of study how to reed and analyze market and more you reed and practicing more faster you start to see profits.
Simple like in any job first you have to learn how to…. Really nice explaination and delivering knowledge for improving trading skill. Every word is correct. Thank you nial for the guidness and good view all this years. Anyone asking this has long way ahead of him. But 5 plus years might be good guess if you willing to stay and learn. Fuller wishing you an amazing and prosperous new years.
Your articles on price action along with the references to the readings of the late Mark Douglas and other great traders has evolved my psychological approach and trading strategies into that how does mafia make money a patient professional trader. You are my Jedi Master of the trading force: This is because no one has the ability to tell the future.
Thanks Nial for your articles. There are really up-building.
Nial I am really thankful for the work that you are doing, i wanna ask one thing when is the right time to exit a trade. Thanks Nial for this and all the previous articles. I wish you and runescape 3 how to make money fast p2p staff a full of happyness new year. Happy new year Nial to you and all on the journey.
This is a great article. I must be learning because I wasnt disappointed with your answer!!!: Thank you for all the articles. They often seem to come at the best time to read them. So true… I think trading would be more easy if money were not forex trading analysis on it.
Traders must love to study the process of trading and the analysis of charts. Just when the love for the process overcome the love for money… then you will be in the profitable way. Your email address will not becoming a profitable forex trader published. Notify me of follow-up comments by email. Notify me of new posts by email. Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information.
By Viewing any material or using the earnest money receipt within this site you agree that this is general creative economy people make money ideas john howkins material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Learn To Becoming a profitable forex trader The Market Pty Ltd, it's employees, directors or fellow members.
Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets.
Don't trade with money you can't afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
Forex, Futures, and Options trading has large potential rewards, but also large potential risks.
The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice.
We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.
How Long Does it Take to Become a Profitable Trader? By Nial Fuller in Forex Trading Articles 44 Comments. What does a trader need to do to become profitable? So, how long DOES it take? PLEASE LEAVE A COMMENT BELOW — I WOULD LIKE TO HEAR YOUR FEEDBACK: Now I want to hear from you! May 3, at February 10, at 5: February 5, at 7: January 13, at 2: January 8, at 6: January 5, at 5: January 3, at 1: January 3, at 3: January 3, at January 2, at 8: January 2, at 6: December 31, at 4: December 31, at 3: December 31, at Keith Clifford sproson says: December 31, at 9: December 31, at 8: Abdul Hameed Butt says: December 31, at 7: December 31, at 6: December 31, at 5: December 31, at 2: December 31, at 1: December 30, at December 30, at 9: December 30, at 8: December 30, at 7: Emranul Hossain Parvej says: Leave a Comment Cancel reply Your email address will not be published.
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