More I read, more I see that trading in a long term is not profitable. So, I wonder are there any profitable traders that make money on the market constantly and sustain decent lifestyle? I am not looking for big money, let's say 2k or 3k per month would be enough. Is this something doable? Is there any strategies to become a trader that makes this amount of money?
Making money from trading platforms is easy if you understand trading strategies as much as you can about trading. Trading is not something you can only lose money not make money trading can definitely make money. It is definitely possible to earn from 2000 to 3000 taka per month if you try. From the trading platform. It will cost you 50 to 100 dollars. But if you have a dream of earning $2000 to $3000 per day, then you must have your trading capital around $50 to $100. But you must wait for the volatility of the market, if the market is dumping a little more, then buy from that dumping market and sell when the market goes up a little. In this way, if you try to pay 50 to 100 dollars a month, not 2 to 3 thousand rupees, you will get 15 to 20 Can make above thousand rupees but of course you have to go with different strategies. 
Topic: if you are a trader, how long it took for you to become profitable trader? - page 5. (Read 1864 times)
November 18, 2024, 10:39:04 AM
November 17, 2024, 04:45:05 AM
Our mistake is that we’re rushing through life, even when we know how risky trading can be. We believe we can handle it and can make good calls, despite having only a little experience and knowledge. That’s why so many end up regretting it and losing money—because they’re overly confident. Even seasoned traders experience losses, so imagine how much more for beginners as certainly be more.
Learning more is key to improving our skills. Let’s use our mistakes as motivation to dive deeper into understanding the market situation so we can make better, smarter decisions moving forward.
True, haste in trading is bad and not only for beginners but also for experienced traders, and excessive self-confidence is also a bad assistant, because after several successful transactions, it may be thought that you have understood how to trade and be more courageous in order to increase funds for trading, this is what can increase the risks in trading.
Achieving success in trading does not mean getting rid of losing trades forever, it means that there will simply be fewer of them, or the trader will be able to reduce these losses to a minimum.
November 17, 2024, 03:39:04 AM
More I read, more I see that trading in a long term is not profitable. So, I wonder are there any profitable traders that make money on the market constantly and sustain decent lifestyle?
Yea, their are so many traders out their that lives a decent lifestyle with the profit made from trading, but for you to get to that level, their is a lot of work you must have put in your development in becoming a profitable trader, just be rest assured that it's not a day job, but relying only on trading for survival as a trader isn't ideal, because it puts you under unnecessary pressure, and and trading under pressure is not good at all.
Quote
Is this something doable? Is there any strategies to become a trader that makes this amount of money?
Yes, it's actually doable, and their are so many types of trading strategies out there, just that your level of knowledge and skills in the craft will determine if it's achievable or not, but be careful because if you knows nothing in the craft and you choose to dive in like that, you will certainly get burnt. November 16, 2024, 02:35:19 PM
Eventually, what you learn is that you do not have to do it all together, you don't have to get rich tomorrow, you don't have to spend all your money. Spend very little until you are sure you can make a profit, and eventually you will get richer, nobody can get rich in a day, but you can learn to be a great trader on long term and be better.
You have said it all
You dnt have to be overambitious, trying to mk it big at a go, we do learn by ourselves too just matter of patience and care
November 15, 2024, 04:26:40 PM
Profitable trader is not something that is permanent, you could make a profit this month, and could be losing next month, there is no guarantee that anyone could make a profit at all times. Even the greatest traders have bad months, and that is why we need to be careful with what we are dealing with.
If you are not entirely sure what you are dealing with, then you are going to end up seeing lower prices and not going to see anything growing great for anyone neither. I believe the perfect situation would be just focusing on getting better and better. This way, while you will keep having bad periods as a trader, even after 10+ years of trading, at least if you are getting better than you are going to have less and less of them.
If you are not entirely sure what you are dealing with, then you are going to end up seeing lower prices and not going to see anything growing great for anyone neither. I believe the perfect situation would be just focusing on getting better and better. This way, while you will keep having bad periods as a trader, even after 10+ years of trading, at least if you are getting better than you are going to have less and less of them.
November 15, 2024, 01:52:25 PM
Before going into trade you have to understand the characteristics of trading, you have to posses the knowledge of a trader and secure lots of patience.
Trading is like a 50/50 thing you don't invest everything course of your high expectations, you might ran lost and breakdown, so you have to trade with caution, trading has it's ups and downs, you don't go into trading because you heard or see orders making it without you having a knowledge of it, you will false badly
So understand what trading before going to into it so you won't cry
Trading is like a 50/50 thing you don't invest everything course of your high expectations, you might ran lost and breakdown, so you have to trade with caution, trading has it's ups and downs, you don't go into trading because you heard or see orders making it without you having a knowledge of it, you will false badly
So understand what trading before going to into it so you won't cry
November 15, 2024, 05:49:18 AM
To be clear, trading is never easy but is always a hard and tough process. And it takes a lot of practice and building experiences before you can finally say that you are a good and almost successful trader.
The thing is, there’s no certainty and profit guarantees with trading, and most of those who suicide their hard-earned money in trading end up losing rather than seeing them in profits. I think that’s what makes it more challenging, where everyone else is losing, at least you need to pursue yourself and do a lot of hardwork and market analysis so you can understand trading well and utilize all your skills, trading techniques and strategies so you can maximize trading success and make your trades productive and profitable in the end.
The thing is, there’s no certainty and profit guarantees with trading, and most of those who suicide their hard-earned money in trading end up losing rather than seeing them in profits. I think that’s what makes it more challenging, where everyone else is losing, at least you need to pursue yourself and do a lot of hardwork and market analysis so you can understand trading well and utilize all your skills, trading techniques and strategies so you can maximize trading success and make your trades productive and profitable in the end.
That's the reason why a person shouldn't have the expectations for trading too high and not view it as a life changer of sorts.
It's hard and tough out there just like in any other sphere of activity, it's just marketed heavily by those who are experienced or lucky or are paid for that kind of behavior.
Stay humble and crave knowledge first and foremost, and the profit will come to you. That's what I learned.
Learning more is key to improving our skills. Let’s use our mistakes as motivation to dive deeper into understanding the market situation so we can make better, smarter decisions moving forward.
Yeah, it's not bad that you don't know something - it's bad when a person doesn't want to know that "something".
So by scaling up and managing everything learned, smarter strats will come up, and by not rushing things up, a man can achieve his goals on the market.
November 15, 2024, 05:47:27 AM
More I read, more I see that trading in a long term is not profitable. So, I wonder are there any profitable traders that make money on the market constantly and sustain decent lifestyle? I am not looking for big money, let's say 2k or 3k per month would be enough. Is this something doable? Is there any strategies to become a trader that makes this amount of money?
Trading will only not be profitable to you when you have not known how to trade. If trading was not profitable, there would not be anybody that have being successful from trading but since we have alot of people with this record, trading can be profitable. Most people do not have any background on trading and have not gotten any lesson but they want to become successful and these are the people that complain that trading is very hard and nobody can make profits from trading. You might not be capable of making the money you mentioned but you can make profits frequently when you have the right strategy working very well for you. Do not worry about how long it is going to take you but stay consistent and you will finally get there and be winning.
While you adapt, you tune your strategy to be good and fit your style of trading.
A person doesn't complain when he is into what he is doing.
So by grinding the needed knowledge and practice, a person can become successful.
November 15, 2024, 05:46:39 AM
To be clear, trading is never easy but is always a hard and tough process. And it takes a lot of practice and building experiences before you can finally say that you are a good and almost successful trader.
The thing is, there’s no certainty and profit guarantees with trading, and most of those who suicide their hard-earned money in trading end up losing rather than seeing them in profits. I think that’s what makes it more challenging, where everyone else is losing, at least you need to pursue yourself and do a lot of hardwork and market analysis so you can understand trading well and utilize all your skills, trading techniques and strategies so you can maximize trading success and make your trades productive and profitable in the end.
The thing is, there’s no certainty and profit guarantees with trading, and most of those who suicide their hard-earned money in trading end up losing rather than seeing them in profits. I think that’s what makes it more challenging, where everyone else is losing, at least you need to pursue yourself and do a lot of hardwork and market analysis so you can understand trading well and utilize all your skills, trading techniques and strategies so you can maximize trading success and make your trades productive and profitable in the end.
That's the reason why a person shouldn't have the expectations for trading too high and not view it as a life changer of sorts.
It's hard and tough out there just like in any other sphere of activity, it's just marketed heavily by those who are experienced or lucky or are paid for that kind of behavior.
Stay humble and crave knowledge first and foremost, and the profit will come to you. That's what I learned.
Learning more is key to improving our skills. Let’s use our mistakes as motivation to dive deeper into understanding the market situation so we can make better, smarter decisions moving forward.
November 15, 2024, 05:38:49 AM
More I read, more I see that trading in a long term is not profitable. So, I wonder are there any profitable traders that make money on the market constantly and sustain decent lifestyle? I am not looking for big money, let's say 2k or 3k per month would be enough. Is this something doable? Is there any strategies to become a trader that makes this amount of money?
Trading will only not be profitable to you when you have not known how to trade. If trading was not profitable, there would not be anybody that have being successful from trading but since we have alot of people with this record, trading can be profitable. Most people do not have any background on trading and have not gotten any lesson but they want to become successful and these are the people that complain that trading is very hard and nobody can make profits from trading. You might not be capable of making the money you mentioned but you can make profits frequently when you have the right strategy working very well for you. Do not worry about how long it is going to take you but stay consistent and you will finally get there and be winning.
November 15, 2024, 03:18:06 AM
To be clear, trading is never easy but is always a hard and tough process. And it takes a lot of practice and building experiences before you can finally say that you are a good and almost successful trader.
The thing is, there’s no certainty and profit guarantees with trading, and most of those who suicide their hard-earned money in trading end up losing rather than seeing them in profits. I think that’s what makes it more challenging, where everyone else is losing, at least you need to pursue yourself and do a lot of hardwork and market analysis so you can understand trading well and utilize all your skills, trading techniques and strategies so you can maximize trading success and make your trades productive and profitable in the end.
The thing is, there’s no certainty and profit guarantees with trading, and most of those who suicide their hard-earned money in trading end up losing rather than seeing them in profits. I think that’s what makes it more challenging, where everyone else is losing, at least you need to pursue yourself and do a lot of hardwork and market analysis so you can understand trading well and utilize all your skills, trading techniques and strategies so you can maximize trading success and make your trades productive and profitable in the end.
That's the reason why a person shouldn't have the expectations for trading too high and not view it as a life changer of sorts.
It's hard and tough out there just like in any other sphere of activity, it's just marketed heavily by those who are experienced or lucky or are paid for that kind of behavior.
Stay humble and crave knowledge first and foremost, and the profit will come to you. That's what I learned.
November 15, 2024, 03:14:53 AM
I think if you're committed to learn the basic and what strategy most of people are using you'd come to understand how market works quite fast and eventually become profitable.
initially i don't really bother knowing the ins and outs of the market as I thought market is just demand and supply turns out I was wrong, though essentially market is demand and supply, there's also many thing that could affect the direction of the market, I also finds SND, SMC and the likes to be helpful as well increasing my odds of winning.
usually after you know the basic you can start gaining experience and eventually become profitable. still, market is dynamic and always changing, you'd encounter occasional lose and it's something that's out of our control but if your overall PNL for the month is great then it's still a win
.
initially i don't really bother knowing the ins and outs of the market as I thought market is just demand and supply turns out I was wrong, though essentially market is demand and supply, there's also many thing that could affect the direction of the market, I also finds SND, SMC and the likes to be helpful as well increasing my odds of winning.
usually after you know the basic you can start gaining experience and eventually become profitable. still, market is dynamic and always changing, you'd encounter occasional lose and it's something that's out of our control but if your overall PNL for the month is great then it's still a win
.That's why we manage our risks everywhere, especially while having a session of trades and a Bull market ahead of us.
It's essential not only to stay consistent by adapting to the market but to consistently try to be cautious and cool-headed while doing so.
November 14, 2024, 10:06:06 PM
I think if you're committed to learn the basic and what strategy most of people are using you'd come to understand how market works quite fast and eventually become profitable.
initially i don't really bother knowing the ins and outs of the market as I thought market is just demand and supply turns out I was wrong, though essentially market is demand and supply, there's also many thing that could affect the direction of the market, I also finds SND, SMC and the likes to be helpful as well increasing my odds of winning.
usually after you know the basic you can start gaining experience and eventually become profitable. still, market is dynamic and always changing, you'd encounter occasional lose and it's something that's out of our control but if your overall PNL for the month is great then it's still a win.
initially i don't really bother knowing the ins and outs of the market as I thought market is just demand and supply turns out I was wrong, though essentially market is demand and supply, there's also many thing that could affect the direction of the market, I also finds SND, SMC and the likes to be helpful as well increasing my odds of winning.
usually after you know the basic you can start gaining experience and eventually become profitable. still, market is dynamic and always changing, you'd encounter occasional lose and it's something that's out of our control but if your overall PNL for the month is great then it's still a win
. November 14, 2024, 06:36:49 PM
More I read, more I see that trading in a long term is not profitable. So, I wonder are there any profitable traders that make money on the market constantly and sustain decent lifestyle? I am not looking for big money, let's say 2k or 3k per month would be enough. Is this something doable? Is there any strategies to become a trader that makes this amount of money?
we also have people who is a successful in Trading but the thing is that before you become a successful Trader You must at least understand major keys of threading because what makes some people not to be profitable in threading is greediness and also lack of gathering sufficient or efficient knowledge of trading Before you're involved in threading so that is one of the disadvantages that made people to lose but when you concentrate and dedicate yourself in threading there's no way that you will not know all notice key strategies also succeed or to become a successful person in trading. The thing is, there’s no certainty and profit guarantees with trading, and most of those who suicide their hard-earned money in trading end up losing rather than seeing them in profits. I think that’s what makes it more challenging, where everyone else is losing, at least you need to pursue yourself and do a lot of hardwork and market analysis so you can understand trading well and utilize all your skills, trading techniques and strategies so you can maximize trading success and make your trades productive and profitable in the end.
November 14, 2024, 05:37:12 PM
More I read, more I see that trading in a long term is not profitable. So, I wonder are there any profitable traders that make money on the market constantly and sustain decent lifestyle? I am not looking for big money, let's say 2k or 3k per month would be enough. Is this something doable? Is there any strategies to become a trader that makes this amount of money?
we also have people who is a successful in Trading but the thing is that before you become a successful Trader You must at least understand major keys of threading because what makes some people not to be profitable in threading is greediness and also lack of gathering sufficient or efficient knowledge of trading Before you're involved in threading so that is one of the disadvantages that made people to lose but when you concentrate and dedicate yourself in threading there's no way that you will not know all notice key strategies also succeed or to become a successful person in trading. 
November 14, 2024, 03:34:54 PM
Mine took nearly 7 years to be consistently profiting over long time. I mean I had profitable months, even a profitable years, before that. But at the end of the day, I wasn't really aware what's going wrong in most of those years, but after seven years, I started to become pretty good and consistent with my profits, and realized what went wrong. Most of the time I was reading the charts wrong because I didn't really understood the bars that well, the timeframe wasn't good for me, I took it to a bit longer and I was doing better, quicker ones do not make sense to me.
All in all, I am making a greater profit now, so things are looking quite good, doesn't really reflect too much at the moment but I am happy with the way things are. So if it takes time for you to learn it, do not be worried, there are worse people than you, like me for example lol.
Eventually, what you learn is that you do not have to do it all together, you don't have to get rich tomorrow, you don't have to spend all your money. Spend very little until you are sure you can make a profit, and eventually you will get richer, nobody can get rich in a day, but you can learn to be a great trader on long term and be better.
All in all, I am making a greater profit now, so things are looking quite good, doesn't really reflect too much at the moment but I am happy with the way things are. So if it takes time for you to learn it, do not be worried, there are worse people than you, like me for example lol.
Eventually, what you learn is that you do not have to do it all together, you don't have to get rich tomorrow, you don't have to spend all your money. Spend very little until you are sure you can make a profit, and eventually you will get richer, nobody can get rich in a day, but you can learn to be a great trader on long term and be better.
November 12, 2024, 07:01:05 AM
How did you find that percentage, is it the result of research or is it a random percentage?
There are many traders who have succeeded in making a profit in their trading sessions, but it is difficult to find the exact percentage considering there is no data to support it. I think the comparison between traders who make a profit vs traders who lose doesn't have much of a gap, the percentages can be very close because when others lose, there are those who gain.
There are many traders who have succeeded in making a profit in their trading sessions, but it is difficult to find the exact percentage considering there is no data to support it. I think the comparison between traders who make a profit vs traders who lose doesn't have much of a gap, the percentages can be very close because when others lose, there are those who gain.
That's correct when you said if someone lose money someone gains, But this is where you get it wrong mate!, it doesn't mean the gains are widely distributed that everyone has to profit at same time, the money enters in the pockets of few traders who understood what they are doing in the market, especially the banks ,the hedge funds, institutions and market makers, they're the one that most of these money ends up in their bag, now think about this, out of many traders you know, how many is actually profitable?
When about 95% of traders lose money, how many traders are then profitable?
You think there's no data? brokers has data or records of their clients and monitors their profitability.
Only a fraction of traders indeed become profitable - and many more people succumb to greed / get liquidated / etc.
So it's essential to keep the risk-management going and remember that the market is no fool - it sees right through.
November 12, 2024, 06:50:19 AM
More I read, more I see that trading in a long term is not profitable. So, I wonder are there any profitable traders that make money on the market constantly and sustain decent lifestyle? I am not looking for big money, let's say 2k or 3k per month would be enough. Is this something doable? Is there any strategies to become a trader that makes this amount of money?
There is no fixed duration to become a profitable trader, it all depend on individual and the information he is privileged to come across. Some individuals learn very fast and are able to put in the much needed discipline and hardwork needed for trading success and they achieve their target earlier than those who may be willing to learn and grow but unable to put in the work. In addition, the quality of information play a vital role in trading success. If you are not privileged to get a working information, you might end up working so hard I the wrong direction. But on the average, a serious person who have the right information should become a profitable trader within 2 to 5 years.
I do agree.
Many factors play into becoming successful, and no combination of them would bring instant success in a month or two.
Only by using them in practice and applying what was learned, a person can become someone worth success.
November 12, 2024, 01:46:41 AM
More I read, more I see that trading in a long term is not profitable. So, I wonder are there any profitable traders that make money on the market constantly and sustain decent lifestyle? I am not looking for big money, let's say 2k or 3k per month would be enough. Is this something doable? Is there any strategies to become a trader that makes this amount of money?
There is no fixed duration to become a profitable trader, it all depend on individual and the information he is privileged to come across. Some individuals learn very fast and are able to put in the much needed discipline and hardwork needed for trading success and they achieve their target earlier than those who may be willing to learn and grow but unable to put in the work. In addition, the quality of information play a vital role in trading success. If you are not privileged to get a working information, you might end up working so hard I the wrong direction. But on the average, a serious person who have the right information should become a profitable trader within 2 to 5 years.
November 12, 2024, 01:38:36 AM
A skillful traders make more money than most hodlers, having a high profit return can make you to see some levels of profits that a hodler will need many years before they can realize the same profit. When you can win almost all your traders and you're using a big capital but not too big that you can't handle losing it. When you use that capital and continue to be victorious in your trade, you can never choose hodling over trading because you're being victorious and making money. Both method have their different qualities and their benefits hence you have to know which one your interest is in before you choose but be informed that trading and hodling can give you profits too depending on your skills for trading and patience for hodling. You're the one to determine which one will work for you because you have the power to make the choice of which of them will be the right choice for you.
Skilful trader is somehow myth because we do not see all the time. By data, 70% of all traders make a loss, not all of them lose the same amount of money of course, some lose millions while some lose a few bucks, but in theory when you check accounts, 70% of traders are losing money. That is not to say 30% of them make a lot of profit, while some of them do make millions, there are some that make a lot less, just because they are in profit, doesn't mean they are rich.If you made $10 in profit that means you are not really looking at something wrong, those people are still in that 30%, because they made a profit and because of that they are in the winners circle. But in that 30% circle, we have people who made ten bucks, and we have people who made ten million dollars, they are not the same. So all in all, we can say that only 10% of the traders make serious money, rest are either losing money or not making a lot, not enough to matter at least, hence trading isn't easy, it's a very tough thing to do.
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