XMTrading:How many years does it take on average to be able to win in FX? Average loss amount, study method and period until you can earn money

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How many years does it take to study to be able to win at FX? The time it takes and the amount of money you can earn will vary from person to person, such as 3 years. FX is very difficult. Beginners may have the image that they can win right away, but when they actually try, they will give up. It is said that it takes several years to actually be able to win.

Average 3 years to be able to win in Forex

It is said that it takes an average of 3 years to be able to win in Forex. Of course, this is an average, and in many cases it takes more than 3 years. Also, it’s dangerous to be able to win early. If you don’t have enough skills and experience to win, you’re more likely to get carried away and start gambling trades and experience the tragedy of losing all your assets.

The background also affects the period until you can win in FX. If you’re a salaried worker who originally worked at a financial or securities company, you already have some background knowledge, so if you gain skills and experience, I think you’ll be able to stabilize to some extent in one to two years.

However, most people have no knowledge of finance in the first place. Considering those people based on the standard, it would be a general view that it would take more than 3 years to acquire basic knowledge and skills. It is said that it takes three years to become a full-fledged person even in a general occupation.

Average loss before winning

The average loss before winning is up to you. I think that people who started with a low amount can get by with about 1 million yen, but there are probably many people who suddenly spent 5 million yen or 10 million yen at the beginning. In the case of those people, they should probably crawl up after losing millions of yen. Beginners tend to assume that they can win quickly. You will end up spending a lot of money there.

And most people quit when they get hurt. However, those who can crawl up will start trading again with 10,000 yen or 20,000 yen from here. If you can make 1,000,000 yen or 10,000,000 yen from there, it will be proof that you have become a winning trader.

There are triggers and moments.

If you win here, you will be able to earn money regardless of the period. I don’t know why, but it’s a feeling. Experience accumulates without you realizing it, and at a certain moment you will suddenly win. Check your past content, draw a clear line, and work steadily to see how you can make a profit. Even if you have no experience, if you keep doing it, you will have a chance. If you decide on two, three, four, you will gain confidence. Don’t give up and do it many times over a long span of time. Anyone can become strong if they verify the basics for three years.

You won’t win right away

You can’t keep making profits unless you actually understand the system, prices, fees, etc. Now it’s important to think about the next step and keep going. It’s important to decide whether to do it before trading and gain experience. The step of improving and getting used to it is always necessary. After that, it will become smoother to compare and decide on orders. Since you will be using your important funds all at once, you should do it a few times and use the functions provided to be able to predict the market. This can also be used for services such as virtual currencies. It is possible to get to know the market very well after six months.

Try to continue

The most important thing is to try to continue. Whether it’s swing trading or day trading, you have to continue in order to understand how to think and win. This will allow you to feel how to win effectively and simply in a short period of time. You can learn by going through the PDCA cycle, getting to know various environments and moving towards a more advanced level every day. Learn about the movements on the screen and make sure you can make a well-founded entry. Each settlement will go as you want,

If you look at the internet, there are many people who claim to win

If you look at social media or YouTube, you will see a lot of people who claim to be winners. However, not all of them are really winners. There are cases where they say they can win because they want followers, and cases where they say they can win because they want to sell information products. Therefore, it is important not to be too distracted by those around you. Remember that other people are other people, and you are you. You need to study and be aware that you will win no matter what. It is not easy to win in the market. You will also need techniques and rules to make money. When I look at blogs, some people take 5 to 10 years.

FX is ultimately emotional control

You can understand FX by setting it for 2 or 3 years, but you can also analyze it technically as a reference and understand the entry timing. However, it is true that there are still people who cannot win. The reason why I can’t win is because I’m mentally unstable. Traders become greedy when unrealized profits appear. However, when you experience unrealized losses, you are filled with fear. This emotion is a hindrance in trading. It depends on whether you can shake off unnecessary thoughts and develop a mentality that allows you to calmly wait until the profit-making point and stop-loss point.

shortcuts are dangerous

Some people try to take shortcuts, but you should never do that. They say you have to hurry. Shortcuts are suspicious tools like automated trading. Automated trading is often sold by scammers, and you can’t win. This is because automatic trading is designed to fail more than 99% of the time. If you are currently practicing scalping or day trading and are not able to improve your results, keep a record of your winning percentage and profit and loss and look back at it later. The data reveals points for reflection.

Read the flow on the chart

Look at the chart and read the flow, not the short time frames but the long time frames. A good tip is to look at the overall flow. If you enter in the direction of the big movement, you will win as you are swept away. The market is subject to large fluctuations, but if you operate in this way at the very least, the chart will move in the same direction as your entry. This is the most important point to keep going. If you want to make money every day from investing, you need to do so while looking at the chart information, and you can keep winning by producing results.

If you want to make money, drop the lot.

Holding too many positions or too many lots will quickly lead to bankruptcy. It would be good if the trend continued with buying and selling, but most of the time it is a range. To continue making money, start by getting used to it with small amounts. If you try to make money all at once, you will lose all of it. To grab big success, don’t do anything too difficult even in the short term. From now on, let’s do technical analysis and thoroughly investigate the reasons why we lost. It is important to repeat efforts steadily, not efficiently. Even professionals continue to study repeatedly toward their goals so as not to fail.

Establish your own theory and trading method

Many people think they can make it in the world but are struggling to make a profit, but there are definitely negative factors that lead to losses. The answer to avoid this is to first prepare and establish your own theory and trading method. Establish a pattern that allows you to win at the timing that suits you. This will reduce unnecessary trades elsewhere and protect your capital. You will be able to predict the correct flow. Even if you are a beginner, you will grow along the way and learn and understand the flow. In general, you need to try a little in your life. If you can achieve it by working on each situation one by one, you will gain confidence and become an expert. The important thing to avoid big losses is to at least plan and act a lot and practice it all the time.

If you are unsure, start with a demo trade

If you are afraid of losing real money, you can still start trading. Demo trading means that even if you lose money, you won’t lose your own money. Even if you earn money, you cannot convert it into cash. We recommend that you open a trial account and give it a try. We also run campaigns, and you can deposit money with a credit card so you can start trading right away. It is a FX company that ranks high in popularity rankings.

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