Post
Topic
Board Trading Discussion
Re: if you are a trader, how long it took for you to become profitable trader?
by
knowngunman
on 21/01/2025, 08:52:46 UTC
Brother, when a new person comes to the market for trading, they don't have much knowledge. When they take short-term trades, they only analyze the graph a little bit, so I think it's more like gambling. And I meant to say it's like gambling, not that it is gambling. And I myself am new to the market, so according to me, a new person usually incurs more losses in short-term trades at first, until they fully understand the market.

And what will give the new comer courage to trade in the first place when they don't have the knowledge? I think this is why some people compare trading to gambling. They assume you can trade blindly and still be favor by market even if you have no knowledge about trading just like some gamble without employing any form of strategy but simply rely on luck. Trading thou possess high risk but it can be profitable if you can be patient to learn the necessary knowledge and become more experienced. I don't want to use expert because it doesn't exist in trading, you can only gain experience as you progress but can not be totally perfect.

If you start a trade it will take a long time before you will start making a profit in the trading business,

It's not about how long but good and fast you're at learning. You can be trading for a long time and still be losing on a steady because you don't have the necessary knowledge to execute accurate trade. Your longevity means nothing but you knowledge and skills means everything. Moreover, trading is not a business buddy, it's more of a skills.