Risk warning: CFDs are complex instruments that come with high risk due to leverage. Whilst leverage enables traders to magnify their profits on successful trades, 36% of retail investors lose money when trading CFDs when trading CFDs with this provider.

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April 9, 2024

How Much Time to Dedicate to Trading

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Generally, it can take anywhere from 2 to3 months for a beginner to develop a solid understanding of forex trading concepts and strategies.

Learning forex trading is an ongoing journey that requires time, dedication, and continuous improvement. By dedicating around 2 to 3 months to learn the basics, selecting suitable currency pairs, metals, commodities and thoroughly back testing strategies, traders can build a solid foundation for success.

The basic technical analysis elements can be learnt in a few weeks, but the risk management and psychology will take longer to grasp the more you practice trading. Your time availability should determine your trading style.

When you say you can trade currencies for 8 hours a day, that mean 8 hours with staring at charts and analyzing economic data releases.

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Risk warning

CFDs are complex instruments that come with a high risk of losing money rapidly due to leverage. Whilst leverage enables traders to magnify their profits on successful trades, it is still possible for significant losses to occur; around 36% of retail investor accounts lose money when trading CFDs. As such, we urge all clients to adopt a prudent risk management strategy in accordance with their investment goals and level of trading experience. Please ensure you read our Risk Disclosure, Terms and Conditions and Trading Rules in full.

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