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  #1 (permalink)  
Old 02-10-2009, 11:12 AM
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Lightbulb How long does it take to become successful in forex?

Hello friends

I need some help again with a new monthly poll. It is located on the front page of forexexplore.com, but you can also answer here and I will do the rest! Thank you.

Here is the question: How long does it take to become successful in forex?
Possible answers:
a) less than half a year
b) 6 months - 1 year
c) 1 year - 5 years
d) more than 5 years
e) No idea. I am still stuggling !!!

Your input is highly appreciated.

Regards,
Danielle
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  #2 (permalink)  
Old 02-10-2009, 01:24 PM
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It depends how smart the person is !!

Some of the excellent traders started as teenagers under the 20, others have been trading for ages and all what they do is write books , give an advice and or about what the market, but they can't make money from trading.

With time comes experience but not all experienced traders are successful.

I think 2-3 years should be enough experience in trading, as by two years you should be able to read the chart and know where to play.

Quote:
Originally Posted by daniellefr View Post
Hello friends

I need some help again with a new monthly poll. It is located on the front page of forexexplore.com, but you can also answer here and I will do the rest! Thank you.

Here is the question: How long does it take to become successful in forex?
Possible answers:
a) less than half a year
b) 6 months - 1 year
c) 1 year - 5 years
d) more than 5 years
e) No idea. I am still stuggling !!!

Your input is highly appreciated.

Regards,
Danielle
__________________

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Old 02-10-2009, 01:49 PM
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That's like asking how long it takes to become a master artist.

It depends on the person and effort of course and some people never learn to paint.

(a rough guess: 2 years of serious trading and learning the markets will probably tell if you can do it or not)
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Old 02-10-2009, 02:14 PM
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That's depends how a person learning towards the financial market. Some may takes 1 - 3 years, some maybe takes the entire whole life without knowing how exactly trading the financial market. My opinion c) should be ok.
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Old 02-10-2009, 07:35 PM
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It doesn't depend solely on your smartness. The attention you give to it and how much you are hungry to learn and to know it, if you are lucky to stumble across a profitable system that soothe your style, then i will say a year plus will do.
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Old 02-10-2009, 08:02 PM
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edited..............................

Last edited by goldensight; 02-11-2009 at 05:31 AM.
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Old 02-11-2009, 12:46 AM
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Quote:
Originally Posted by daniellefr View Post
Hello friends

I need some help again with a new monthly poll. It is located on the front page of forexexplore.com, but you can also answer here and I will do the rest! Thank you.

Here is the question: How long does it take to become successful in forex?
Possible answers:
a) less than half a year
b) 6 months - 1 year
c) 1 year - 5 years
d) more than 5 years
e) No idea. I am still stuggling !!!

Your input is highly appreciated.

Regards,
Danielle

My answer would be, how long does it take, how long have you got?

The amount of time you are prepeared to spend without giving up will determine your success.
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Old 02-11-2009, 12:57 AM
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never give up!
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Old 02-11-2009, 01:30 AM
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You should know yourself better whether you are a quitter or not.
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Old 02-11-2009, 01:41 AM
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3-4 years full time is probably the minimum time required.
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