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

Dora_WalletInvestor

Private, 1st Class
Messages
60
Daniel posted actually good beginners question, but nobody can give him exact answer. I would advise him to stay on demo account until he is certain that his strategy can make profits. That would be exact point in time when he should move to real account.
I agree, this shouldn't be measured in time spent on learning but rather the progress. Also, it might be a good idea to first move on to a cent account when moving to real trading.
 

FxProTrader

Private, 1st Class
Messages
47
I agree, this shouldn't be measured in time spent on learning but rather the progress. Also, it might be a good idea to first move on to a cent account when moving to real trading.
When we are trading in the Cent based trading accounts we have to understand that the profits and the losses will be lesser. So we will need to learn how we can adjust and continue our trading with success.
 

Dora_WalletInvestor

Private, 1st Class
Messages
60
When we are trading in the Cent based trading accounts we have to understand that the profits and the losses will be lesser. So we will need to learn how we can adjust and continue our trading with success.
Yes, you are right. But trading with real money is when emotions kick in and trading psychology starts to become important, even if it's only a small amount of money - that is a big change when moving on from demo trading, and a cent account can help ease into it. But I agree that it's good to keep in mind that profits and losses are smaller.
 

Dutchy86

Recruit
Messages
64
It can take forever and would say your always learning, have an idea of goals but don’t go chasing losses, teach that as more learning
 
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