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How much money can you make and how long will it take for a beginner?

Discussion in 'Beginners Bootcamp' started by danielluketic, Nov 9, 2018.

  1. danielluketic

    danielluketic Recruit

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    Hi everyone,

    I have no previous trading experience however I plan on educating myself on this website. I am just wondering how long it will take to begin making money, how easy/difficult it might be and how much I can expect to earn etc. Plus any tips that anyone has for a beginner would be greatly appreciated :)

    Thanks,

    Dan.
     
    rodrigo f millan likes this.
  2. nahiyar

    nahiyar Private, 1st Class

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    Try to get experience either from demo or micro accounts because without experience you can not make profit as per your expectations. Secondly not expect more from market . When trader really interacts with market he came to know trading nature and things that are involved , important to consider for profit taking. without prior experience or practice your trading can be just for making experiments.
     
  3. EURUSD

    EURUSD Sergeant Major

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    If already learn basic forex as general knowledge to start, hence you can utilize demo account, but learn first about strategy trading and system trading, then continue to practising on demo account will having plan money management and risk management, make discipline as rules trading, if good habit on demo account already fulfilled, it will help later if start with real account, but better spent time to learn demo before investing real money until having good confidence
     
    rodrigo f millan likes this.
  4. Forexrider

    Forexrider Private

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    If you are a beginner it is always best to first start developing the trading strategy which will give consistent profits, planning on certain amount of money and reaching the same will become difficult initially.
     
    rodrigo f millan likes this.
  5. danielluketic

    danielluketic Recruit

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    Sweet. Thanks. Just wondering what your thoughts on bitcoin are in comparison to forex?
     
    rodrigo f millan likes this.
  6. Leszek_N

    Leszek_N Recruit

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    Please clarify:) Did you mean Binary Option? If yes i think all BO are scam at all.
    Regarding to forex and advises for beginner I believe that the main thing (apart from trading strategy) that should not be when trading is excitement.

    PS. Sorry of my English:oops:
     
  7. EURUSD

    EURUSD Sergeant Major

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    Bitcoin technology currently still hard work to improve blockchain technology, there are many events regarding cryptocurrency to make this technology growing, and will possible it can replace old financial system on the world, I think bitcoin still good
     
  8. rodrigo f millan

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    Happy with the community
     
  9. Leszek_N

    Leszek_N Recruit

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    Regarding to bitcoin. What do you think about its falling?
     
  10. alexmarian

    alexmarian Private

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    Bitcoin is looking for bottom that is more likely around $3000 mark and we will have new year coming, so I think it will start rising new year.
     
: beginner

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