How Long Does it Take to Make a Stable Income from Trading?

stay away from CFD trading and spread betting as I have looked into the money pit dug for me by Darren and Shamir advisory CFD brokers called Logic Investments in London who persuaded me that it was so easy to make lots of money if I trusted them because they were traders and I had to think like them, which I did for 12 months and lost far more in that time than the previous 12 years of doing it myself and even worse I had paid out a fortune on their trading commissions to lose the money and ruined a portfolio!
I won't bore you any longer but trade yourself execution only and do your own research and when you get offers from these brokers offering you their advisory services in order to get rich then ask yourself if they really knew what to do would they not be taking the risk with their own money rather than yours, no because they get commission from you win or lose and they take no risk themselves and after all they can’t get it right all the time, or perhaps they have got it right taking the risk with your money and getting paid for it?

It depends on how much time you are willing to spend learning, and what sources you choose to learn from.

Someone spending 8 hours a day learning to trade for 4 months may get there. Someone spending 8 hours a week, though, it may take years to get there...

I think most people are the 8 hours a week type, hence the 95% failure statistic. If it will take years to master, how many will actually stick with it?

Hmm... this makes sense...

This totally depends upon the individual traders caliber and their grasping capability regarding the forex market related concept which makes them fast or slow learners. But being knowledgeable enough is highly important and one should also have good account managing skills.

This is really very useful articles for the traders. We should not urge ourselves to make money on a faster basis if we do not have the knowledge regarding the forex market, then everything would be waste of time as we would only lose and lose. Thus, gather the knowledge and play smart.

I've been at it for 8+ hours a day for more than 2 years and I remain inconsistent.

Have post high school formal education, blah, blah, blah.

Learning to trade is tough, tough business.

Being incontinent can be cured with suitable medication. Thus, no need to suffer for two years.

t2w34035 - I think if you are struggling after 2 years, you may want to get some help from experienced traders. Maybe that's why you are here on this board. However, there is varied levels of experience here and hard to know which advice is good. And some advice may be good for some but not good for others. Have you considered getting some one on one mentoring from an experienced and successful trader? No, I'm not recommending anyone, but there are available mentors out there that can taylor instruction to your trading style...

What I've found is that all the knowledge you need to trade successfully is available for free on the internet, but sometimes a person may need help to put it all together, and/or filter out what doesn't work for them...