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This question is about trader.
How long does it take to become a trader?
It takes about 6 to 12 months to become a trader. That is the time it takes to develop enough consistency to see a profit for the month. Others feel that it takes at least two years to really understand the market and constantly return profit month and month.
Assuming that you'll be one of the profitable ones - 90% of traders lose money and give up before they have had enough time to learn the system. It will likely take about one to two years of trading, eight to ten hours a day, five to six days a week, before you are skilled enough to pull a regular income from just the market.
Trading isn't for those who have watched Wolf of Wall Street too many times and are looking to get rich quickly. Trading takes time and money to your skills and your business.
Here's an example of why long term trading can pay off:
$5,000 account that earns 20% a year = $6,000
$5,000 account that earns 20% a year for the next 20 years = $191,688
$10,000 account that earns 20% a year for the next 30 years = $2,373,763
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