I used to micro account when I was a newbie. Lost my balance many times but really acquired real trading experience that is better than demo experience. You have to learn technical and fundamental analysis with details! You need to make the ability to read trading chart according to your knowledge ad experience, I seem it takes more than one year!
Thank you very much. Appreciate for your response and I will definitely follow those steps. Thank you all, you guys are so much helpful. I am feeling very lucky. I am now sure I am going exactly that way. Same thing I found that there is a lot of skills I need to learn to execute profitable trading. Now I am thinking why I did not start to learn years ago. Why somebody did not tell me about forex trading and get myself in it. And trade setups, this is very much harder for me I found.
I am telling you again because you tell the truth and its matching with my condition. Yes, it is. It is not like school exam to pass and complete books. It seems I can only go with the flow or quit everything and seek for other business. Now I am little bit hesitating. I think I need encouragement and hope. Anyone can learn to trade Forex. Swing by my journal thread and read through the posts there and you will see some of the challenges that I face. The only way to guarantee failure is to quit.
When the 10 period crosses from under to above the 20 period then you have a buy signal as an uptrend is potentially coming. When the inverse happens, ie, the 20 period goes from below to above the 10 period, that would be a signal that a potential downtrend is coming. Also go through the School section here, lots of great info and it even has a basic trading strategy for you to follow in it.
Thank you jse for your nice post. There is no ending point of it! Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions.
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Or you may be an intermediate level forex trader want to master forex. If you want to master forex trading, your main focus should be on learning.
This will vary quite a bit but the overall average is 6 months to get the basics down as far as market structure and another months to get your demo trades down if done correctly. Once you are at a point of winning consistency then it is time to go live and crush the markets. The answer to this question is based on so many factors. Though this is one of the most frequently asked questions by the traders, this question is also the most difficult to answer.
The time it will take to master will differ for everybody. Learning the basics of the forex market normally takes somewhere between 2 to 4 weeks. Again, this is also based on how you are learning and what time you are spending on learning. To get a clear idea about how much time it will take to master forex trading, you need to consider the following factors.
These factors will give you an idea about how much time you can expect for gaining master-level knowledge in the forex industry. The first and important factor responsible is how flexible you are. To become a successful forex trader, one needs to be flexible. As a forex trader, you must adapt to the current market sentiments and situations.
If you are someone who is not flexible and open-minded, then it may take you a bit longer to master forex trading. If you will be flexible and open-minded, it will be easier for you to learn new things and change as per situations.
So one of the crucial factors is how flexible you are. The time it will take to master forex trading may vary depending upon the work or effort the person is willing to put.
If you want to learn about the forex market in the quickest amount of time, then you will need to work on this for the full-time.
If learning for full-time is not suitable for you, then you can find some hours in a day to work on it. In the end, what matters is how much work you are ready to put and how much time you are spending for learning and mastering the forex trading.
Do you really want to learn and master the forex trading? Then you have to invest some money in self-education. So, you have to figure out how much amount of money you are willing to invest in self-education. In the journey of mastering the forex trading, you will have to spend money on learning from the expert traders. In forex, the learning never stops. Each day you will learn new things.
It is up to you whether you want to get the mentorship of expert professional or want to waste money experimenting for years. So these are the three main factors to consider to get an idea about how long it will take to master forex trading.
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