Some traders would say "I have been trading for 4 years and more"

[Localhostspeed]

As a trader, what is your take on this question,  how long is it supposed to take for someone to become profitable and successful in trading? People should know about this, so that after they have tried for such period of time and are not successful, they can quit.

If you are a successful trader here, how long did it took you to become successful and what are the things you did differently now that made you profitable?

I have seen successful traders and I can tell difference between the ones that says the truth and the ones that will say lies to get views and likes from their channels. What I validate first is if a trader says he has been trading in the last 4 years and does not show proof that he has been trading, I will assume they are lying and they don't have anything, they are just doing it for the likes and views. A trader with years of experience will show you their profits they have made over the years.

There is something we need to know again about traders. A trader can be doing well making profit and one day he can make a mistake and can lose everything they have made over the years. There was one trader I followed on YouTube, man was making money an all that but one day loss everything he has made in trading but gradually bounce back, it took him three years to get reach the same level after trading for 8 years, these are some things they don't share with you in trading.

[Gozie51]

So, some of these social media self acclaimed successful traders are saying that they were persistently trading for more than 2 years and were unprofitable but later on, maybe on the 4th or 5th year, they now started being profitable till date. What is your opinion about such speech from those traders, do you believe is true or they are just lying?  

Well, I would have said they were lying if they say they have not messed up their money severally because that is sacrifice I hear from those in trading. But since he acknowledged that he lost money for two years, there is possibility that he got the answer to his trade experience and started making profit.

So I wouldn't say he is lying but what needs to be verified is the reality in the video he is making because some social media influencers could use scripts or pictures for demo account to display as if it were real.

However, years of experience doesn't really matter in trading. Again, every trader most have been in a losing streak until they understood what they are doing if they stayed to continue.

[yhiaali3]

It is not how much time you spend trading that matters, but what you learn, what experience you gain, and what successful strategies you learn. However, in general, it can be said that the more time you spend trading, the more experience and successful strategies you gain.

From my personal experience after years of trading, I have learned a lot from my past mistakes and learned successful strategies, but this does not mean in any way that you will be a complete winner even after many years of experience, because as we all know, the market is volatile and the direction may change unexpectedly at any moment.

[passwordnow]

It is not how much time you spend trading that matters, but what you learn, what experience you gain, and what successful strategies you learn. However, in general, it can be said that the more time you spend trading, the more experience and successful strategies you gain.

That's the general rule but not all with that experience wins in the end. There are a lot of traders who have failed themselves despite that having the knowledge, the experience and even with the capital. But no matter how willing and hardworking they are with all of the strategies that they've learned and the charts that they read, it's not everyone's cup of tea and that's the reality in trading. And the majority of the traders are actually losing and not winning.

[Franctoshi]

The hidden truth about being profitable in trading is that they don't tell you is that you learn from your experience, that's why there's no successful trader today that would come out boast of being successful without months and years upon years of blown trading accounts and in that process they were learning from those mistakes, patterns and events that caused them to lose money, such as not managing their risk, inpatient, bad trading psychology, that's not managing your emotions properly, and not using stops. A successful trader is one that's able to manage all these stuff, because every strategy works but your trading approach is what makes people profit or lose money.


That's why you will be very profitable this week or a particular month but get over excited about it and starts being greedy thinking you've known it all, then your results changes, same strategy but what changes is a different approach.