Post
Topic
Board Trading Discussion
Re: How long does a trade take?
by
FrankNoland
on 18/05/2017, 14:31:48 UTC
How long does a trade take?

If you think you’ll get rich in a few weeks you’re 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. Can’t 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...it’ll likely take six months to a year–trading/practicing every day–until you are consistent enough to pull a regular income from the market. If you make money in the first couple months it’s 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. That’s when I decided to focus on forex (mostly swing trading).