How Long Did It Take You To Become Profitable?

[carter]

Decided to start a poll on our experiences as a trader. How long did it take you guys to reach a point where you can trade for a living?

It took me 2 years just to know what I was doing and another year before I became consistent.

[chaostrader]

3 years until I started seeing profits.

[Soultrader]

It took me 2 - 2.5 years.

6 months of staring at a candlestick chart with only time of sales. 8 months of consistently losing money. 4 months of devising setups. Another 3 months of losing money. 6 months of perfecting my setups, gaining more market understanding, and break even/profits trading.

Which was alll worth it in the end. I havent looked back ever since.

[calitrader]

Still trying to make it as a trader. Been trading for 10 months now.

[Follow The Trend]

I have been trading on and off for a few years now, but it has never been an aim to make a living from trading - until now.

After being a little more active over the last year I have realised that it is possible to make a living from trading, but it takes a lot of discipline.

Fingers crossed, over the next 12 months it may happen.

[Warren Forex]

I started demo trading September 2003. My first live trade was March 2006. I now am at the end of three years with 6 months of actual trading FX.

I presently am winning 80% plus of all my FX trades.

[Fxtrader06]

	Quote:	Warren Forex
	I started demo trading September 2003. My first live trade was March 2006. I now am at the end of three years with 6 months of actual trading FX. I presently am winning 80% plus of all my FX trades.

Thats pretty impressive for just 6 months of live trading. What do you currently trade Warren?

[Follow The Trend]

Warren,

That is very good going, especially in the fickle FX markets which can be volatile.

What kind of profits are you making, and what is the size of your portfolio?

Are you taking lots of small "turns" or fairly large "turns".

I have looked at the FX market before, but it is not something I have ever tried. Perhaps you could enlighten us with a breif summary of how you play the market?

[Warren Forex]

	Quote:	Follow The Trend
	Warren, That is very good going, especially in the fickle FX markets which can be volatile. What kind of profits are you making, and what is the size of your portfolio? Are you taking lots of small "turns" or fairly large "turns". I have looked at the FX market before, but it is not something I have ever tried. Perhaps you could enlighten us with a breif summary of how you play the market?

At present time I have 7 clients. The US Dollars under management is just over $100,000 US Dollars. I range trade but mainly trade with the Trend. Since March 2006, My Return On Investment Capital Deposited is over 50% a month. I know this number is NOT believeable BUT I might consider posting here one of my clients Man Financial Trading Reports generated by Trade Station Two Software.

I have a very strong knowledge of economics and the political scene. I am a mature 62 year old businessman. I would be glad to share some of my knowledge with this Traders Laboratory Forum.

[Soultrader]

Hi Warren,

I am also interested and would love to hear your methodologies or trading wisdom. From my understanding you are a fund manager? Although my forex knowledge is relatively new, my strength lies in the index futures. I plan on picking up Forex and looking forward to learning the markets from you.