How long does a trade take?
If you think youll get rich in a few weeks youre setting yourself up for disappointment. The failure rate of traders who came to work for a day trading firm I traded at for five years. Cant talk about successful without failure.How long it took me, and many of my trading friends, to develop consistency (in various markets). This is the time requirement.About 3 to 4 out of 100 men who attempt it will be able to make a consistent income from it.Women have a much higher success rate.From my experience,the success rate for women who attempt short-term trading is about 40%. With the right work ethic, about 4 out of 10 women who attempt it will be able to pull an income from short-term trading.
To Answer your question...itll likely take six months to a yeartrading/practicing every dayuntil you are consistent enough to pull a regular income from the market. If you make money in the first couple months its likely pure luck.
It took me four months before I had a profitable month (day trading, everyday). I had small losses in the prior three months of full-time day trading (stocks).
After that the profits continued every month for the next 4 years. Thats when I decided to focus on forex (mostly swing trading).