How long did it take you to become profitable in Forex?

From all the traders who came to the firm, it took most between 6 months to a year before they saw profitability, which then sustained itself into the future. When learning a new market, put in at least several hours a day. If you are only putting in an hour a day, it could take you longer to become profitable.

Can you make a living off of forex?

Most traders shouldn’t expect to make that much; while it sounds simple, in reality, it’s more difficult. Even so, with a decent win rate and risk/reward ratio, a dedicated forex day trader with a decent strategy can make between 5\% and 15\% per month, thanks to leverage.

How long did it take to learn forex?

It will typically take on average around 1 year for someone to learn to trade forex. The technical side can be learned within a few weeks, but the risk management and psychology will take around a year to come to grasps with. The majority of traders give up before ever learning to consistently trade the markets.

How much money should you make each day in forex trading?

There is no way to predict exactly how much you should make each day in forex trading. The key is to set earning goals that are realistic for your economic situation, how much time you have to invest, your skillset, etc. Obviously, the better you get at trading forex, the more money you will make.

Do you have a forex trading strategy that wins 70\% of times?

You have a forex trading strategy that wins 70\% of the time, with an average of 1 to 3 risk to reward. But here’s the thing… …it only has 2 trading signals a year. How much money can you make from this forex trading strategy?

Is it possible to make a living from Forex trading?

But that doesn’t mean it is not a worthwhile endeavor; after all, there are many successful Forex traders out there that trade for a living. The difference is that they have slowly developed over time and increased their account to a level that can create sustainable income.

Should you use leverage in forex trading?

Due to the availability of leverage, forex traders can make a return on a single trade that is multiples of the margin they used to open the trade. However, leverage is a double edged sword in that big gains can also mean big losses.