How long does it take to learn forex trading?

It takes commitment and hard work to become proficient in forex trading. Most traders say it takes at least six months to a year . Start by learning the fundamentals and comprehending currency pairs, market dynamics, and trading strategies from reliable sources.

Is forex trading hard for beginners?

Often perceived as an easy moneymaking career, forex trading is actually quite difficult , though highly engaging.

Is $500 enough to trade forex?

You can start trading from $10, to $100, $1000, or even more like $15000 and ore . The more to invest, the higher the gains could possibly in your get a return. Forex tends to need high investments to be able to gain a high profit.

Do I need a license to trade forex?

Each brokerage firm must obtain a Forex trading license to work in the international brokerage market . This requires an application to the controlling authority of the chosen country. The rules for obtaining a Forex license may vary depending on the laws of the selected country.

Can I trade forex with $100?

A $100 deposit is sufficient initial capital to open a forex trade in a real Forex account without breaking risk management rules . On average, traders with medium-level experience can earn over 10% of the deposit per month. Professional traders' earnings can exceed 500% a year.

Can you make a living off forex?

Now, it's not to say that trading Forex for a living is impossible; it is certainly attainable, but it usually requires getting knowledge and experience, as well as opening huge accounts with hundreds of thousands of dollars in size .

Can I learn forex on my own?

It is absolutely possible to teach yourself how to trade forex , but it's important to learn the basics before entering the market.

Is forex trading like gambling?

So is Forex really a gamble? Many traders who are into Forex trading approach this full-fledged business in a somewhat hazardous way. This, of course, does not bode well. While it may seem that Forex trading and gambling have a lot in common - after all, both are primarily games of chance - the opposite is often true .

How much money do I need to start forex trading?

Answer - You can start trading with as little as $10 or invest more, like $100, $1,000, or even $15,000 . Higher investments can potentially lead to higher profits in forex. However, it often requires substantial investments to achieve significant gains.

Can I start forex trading on my own?

You can start trading forex with as little as $1,000 funded in a micro account, but will need significantly more capital for a standard account . Leverage from brokers can allow you to trade much larger amounts than your account balance.

Can you learn forex alone?

Yes, you can learn to trade by yourself, without a course , if you are patient and understand that it will take a lot of time!

Is forex trading profitable?

Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader . But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury.

About me - Trader Dale's Advanced Volume Profile Forex Trading Education (2024)

Beginning of my trading journey

My name is Dale, and I am a full-time trader since 2008. I have always been very passionate about economics, finance, and trading. I got my university degree in finance, before becoming a certified portfolio manager, investment manager, as well as getting my financial derivatives certification. I am proud to say that unlike most of all the trading “gurus,” I actually have a proper education and certification. This is, of course, thanks to my parents who supported me enormously in my studies and who helped me at the start of my career.

Fresh out of college, I started to work as a market analyst for a major brokerage. Most would be grateful to have this position right out of college, but I didn’t really feel it this way. I had two problems with this job. The first one was that I don’t like having a boss who tells me what to do. I always studied hard to be independent not an employee. The second reason was that I didn’t like how the company treated their customers. I think this is an issue with most forex brokers. They don’t really care if their clients make money or not. They are selfish and focus primarily on their fees. They feel no responsibility, and they don’t care about their clients best interest. I didn’t like being a tool in such a company, so I left.

Eat, Sleep, Trade, REPEAT

After I quit my job, I focused all my efforts towards trading. This was my 100% focus; testing all sorts of different trading strategies, trying different trading approaches, backtesting various patterns and anything else you can think of for 12-15 hours every day.

I was trading various instruments and using many different trading styles. I was trading stocks, investment certificates, and automated trading systems. Currently, my primary focus is on manual forex trading.

When I started trading forex, I was under the impression that I needed to find a Holy Grail which would make me a big pile of money quickly. I was searching for this Holy Grail among various trading indicators. Needless to say that I sucked. I tried most of the standard indicators with many different settings, but nothing really worked. At least not in the long run.

My first tangible success was when I finally got rid of all the indicators and started anew with simple Price Action. For the first time, I felt I was getting somewhere! The big “eureka moment” came when I combined Price Action with Volume Profile. This was when I started to see a consistent edge and consistent profitability.

This website

I started this website in 2016 and since then I have done all I could to make it the best website about Volume Profile trading. My goal has always been to make the kind of website that I would love to visit when I was younger and when I was learning to trade.

In-depth trading courses

I have done several things to help traders even more than the website alone. I designed in-depth trading courses that help traders step-by-step in their journey to learning to trade with Volume Profile and other professional trading tools.

Members of my trading courses can follow me and get the strongest support and resistance volume-based levels which I publish for them twice a day.

They can also learn from in-depth 15 hour video course which I made for them in 2019.

You can learn more about my trading courses here:

Dale’s Volume Profile Trading Courses

Volume Profile book

Volume Profile indicators

Volume Profile is a trading tool I use every day. It is essential for my trading as it helps me to identify institutional trading activity (=the BIG guys).

The problem I had was that there was no Volume Profile indicator that would 100% suit my needs.

What I needed was a precise Volume Profile, able to work with tick data and which could be used for intraday analysis as well as swing trading analysis (Daily time frames,…). I also needed the profile to be fast and easy to use.

I could not find a Volume profile tool which had all those features so I had to develop my own.

Below, you can see two videos with the Volume Profile I developed.

Volume Profile for NinjaTrader 8 platform

Volume Profile for MT4 platform

Apart from Volume Profile indicator for NT8 I also developed a bit simpler Volume Profile for MetaTrader 4.

VWAP indicator

As an addition to my Volume Profile indicators I also developed VWAP indicator.

VWAP is a simple tool which is similar to standard average indicators like EMA, SMA,…but with one BIG difference. The difference is that VWAP calculates using Volumes! It simply reflects the fact that places where heavy volumes are traded are more important than places with only weak volumes traded.

There are many trading strategies you can build just around that!

What I personally prefer is to combine VWAP with Volume Profile. This for me is the golden combination because they complement each other so great!

You can watch a short VWAP Introduction video here:

ORDER FLOW

In 2020 I released my own Order Flow software and Order Flow video course. Order Flow is a fantastic tool for intraday trading and it absolutely shines when combined with Volume Profile.

Later that year I also released a new book: ORDER FLOW: Trading Setups.

I am really proud that both my books are still among the best selling books on Amazon!

Apart from all that I am always working on something new and something that would improve this website and mine (and YOUR) trading! What makes me really happy is when you guys like this webpage, when you visit it often, and when it helps you improve your trading!

-Dale

Do you want ME to help YOU with your trading?

Learn my proven Volume Profile & Order Flow trading strategies! Get my proprietary indicators and start making progress. We even set the indicators up for you so you can hit the ground running TODAY!

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