[XM Trading: For Beginners] Average loss amount of 3 years until you can win in Forex

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Forex is very difficult. If you are a beginner, you may have an image that you can win immediately, but when you actually try it, you will be frustrated. And it is said that it will take several years before you can actually 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.

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

If you look at SNS and Youtube, it’s full of people who claim they can win. However, it is not really winning because everyone is self-proclaimed. There are cases where they say they can win because they want followers, and there are cases where they say they can win because they want to sell information products. Therefore, it is important not to be overwhelmed by your surroundings. Think of others as other people and you as yourself.

FX is ultimately emotional control

You will understand after doing FX for 2 or 3 years, but technically you will also understand the entry timing. However, it is also true that there are people who cannot win. The reason why you can’t win is because your mentality becomes unstable. Traders will be greedy when unrealized profits come out. But when it comes to loss, it fills you with fear. This feeling is a hindrance in trading. It depends on whether you can shake off unnecessary evil thoughts and become a mentality that can calmly wait for the profit point and the loss cut point.

shortcuts are dangerous

Some people try to take shortcuts, but definitely stop. They say if you hurry, turn around. Shortcuts are dubious tools like automated trading. Automated trading is often sold by scammers, and you can’t win. This is because automatic trading is designed so that 99% or more of them will always fail.

If you are unsure, start with a demo trade

If you are afraid of losing real money, you can also start by trading. Demo trading does not lose your money even if you lose money. Similarly, even if earned, it cannot be cashed. We recommend that you open an account and give it a try.