How long did it take for you to become successful?

Discussion in 'Forex - Currencies Forums' started by JoshPosh, Sep 22, 2014.

  1. JoshPosh

    JoshPosh Guest

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    It took me over 5 years to finally have stable returns on the forex market. I had my ups and downs like everyone else. But through proper money management I was then able to see light at the end of the tunnel.

    When was it a turning point for you?
     
  2. crimsonghost747

    crimsonghost747 Senior Investor

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    I don't trade, I only invest long term. Luckily for me the profits have been there since the beginning, obviously I've made some bad buys and overall I've always been on the positive.

    I'm still not earning a considerable income (not enough to live with just investing, not even close) but I'm slowly making my way there and profits have been increasing slowly but surely.
     
  3. Linda Smith

    Linda Smith Senior Investor

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    Trading in forex is not a game. If you want to be a profitable and successful trader in forex market, you should know the basics of forex. You can learn about forex from different sources, such as: Senior traders, e-books, different types of forex books. But above all, I think the best source to learn about forex is a demo account. You can easily learn all the basics of forex from demo account. I am also a trader. I am trading with Tpglobalfx. When I was entering into the forex I also opened a demo account. It helped me to learn all the tools and techniques about forex practically.
     
  4. Andris

    Andris Active Member

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    There will always be up and down in Forex. For me, I count myself successful when my wins are always higher than losses.
     
  5. J_C_Anderson

    J_C_Anderson Senior Investor

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    It all depends on your initail background and efforts you are ready to make to become a consistently profitable trader. First of all you will have to develop skills necessary to analyse the market situation and execute your trading plan.
    Another important point of attention is trading strategy. As usual, it takes a lot of time to develop your own strategy allowing you to benefit from the price changes. At the same time, you can also use special strategy development tools to make this process faster and more efficient.
     

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