Topic: Stop paying money to learn trading when you can learn it yourself - page 10. (Read 1998 times)

I agree, they're there to help and make your learning faster than the others. It's true that they have their own styles of trading but you don't have to copy them for that but if it is also going to work to you then do your own thing.

Exactly, and from this path many are stumbling upon and dealing with those signals group because they think that they'd be profitable with that. Having a mentor is going to teach you how to trade and the other things inside it, unlike the signals group, people will tell you to be profit but in the quickest possible way through telling what to buy without teaching fundamentals.

If you want to venture into trading without having the clear concept of it we will continue to experience losses that is why it is good for any beginner oh whosoever that is into trading to understand the concept of trading and first before going into it so many of us today who continue to lose and also give trading bad Name, it is same people who does not observe the environment, or learn seriously in cryptocurrency before the entered into it because they have had some people who is a trader always make a profit through trading that will not give you the courage to join what you don't know the rudiments

Learning from the different sources online and watching YouTube videos are still different when you hire a mentor for yourself. Yes, you need to burn some money if you are determined to be a professional trader someday. However, if you don’t have the funds for it, starting over the free sources online and getting yourself a demo account is not that bad. You can learn trading but it will certainly take years for you to master trading in the market.

I suggest if you have a close friend who is a trader, then you can ask some of his certain trading tips and eventually learn from his trading skills and strategies. In the long run, with patience and high motivation to learn, I believe you can still be a good trader as long as you also do your part by having consistent experience in the market.

Having a trading mentor is a bonus that should be appreciated, meaning you have the opportunity to learn faster than others who learn independently. Mentors can help you from their experience and knowledge, but their trading styles don't have to be the same.

Someone who learns independently may take longer to understand the ins and outs of trading well. They need to gain experience even though knowledge can be learned online, but the progress will never be the same as those who have a mentor. Some mentors can make an agreement with their mentee, I mean it's a kind of contract where the mentee may have to pay some fees when he is able to make a profit.

There is this lesson that we can from the experience of others and that's what I am pointing out when someone hires a mentor. It's not only about the trading concept that they'd tell you but also the experience that they had before. So, that's helpful for those that are valuing experience and if a mentor is a real trader, he'd tell things about those experiences that can help the mentee so that many mistakes will be avoided and they're going to learn from it. Having a mentor is different from having a signal but I think many are confused about that.

We can get trading knowledge anywhere and to be able to direct what we have found on the internet or in this forum, we need people who have a lot of experience in this field so we can ask what we don't understand after looking on the internet and we have to Have patience in going through the learning stage because if we are not patient in learning, of course we will easily give up and leave trading.
Those who are lazy to learn knowledge about trading will of course never be able to become a trader and if they continue to trade without having the knowledge of course this will cause them more losses.

Nowadays online and an experienced mentor can be enough to learn trading. Nowadays we are living in the age of internet. Now we can learn a lot through many free resources. YouTube or other websites to learn trading will help you a lot And agree with you that you need to spend a lot of time to learn trading, maybe it's a few years. When you combine all these things and keep learning and being patient and working regularly, you can hopefully become a good trader from here on out. But in this case, people's laziness and not giving importance to free things is the biggest stupidity.

i agree with you that someone can learn how to trade from the internet, yes it's true there are many videos on YouTube you can from.do you that when you pay to learn is good if you have the money, in every field you found your self they are professional in that field.if i learnt from the internet for someone to become professional in it,is when that very particular thing you are doing becomes part of you.and remember they secrete in every thing. if you have a mentor and he knows he job it's more good than the YouTube. to be professional it. you need such much knowledge of that trading.

Are you f**king serious, you don't have to be thought before you masters the craft?  This is the exact reason why most traders always lose their hard earned money, because they just watch one two or three videos on YouTube and believed that they are good to go, not until they have been liquidated more than once, that's when they will start saying that trading is a scam.

If an not mistaken, you said that most of this guy's don't know anything about trading, that they just want to eat your money, by showing you only the theories, but I can tell you that you have not met the right person that knows the craft, if you have been ever thought by someone that knows the craft, you will know that you were just deceiving yourself since thinking you can learn it on your own, truly thinking you can learn it on your own  is the major reason people lose money in trading.

Having a mentor isnt bad but you should really be also doing your assignment and making up those things as long you could be able to make yourself learn. Dont haste up yourself on learning trading because this would really be causing up that errors and mistakes. Just like on what you have said that losing is inevitable no matter how good you are as a trader. This is why it would be better that you should anticipate those loses
and dont expect much on being profitable specially when you are still that starting up because you would really be prone into lots of mistakes and errors on which it would be causing out that great disappointment and possible anger that you could really be able to feel.

Mixed emotions are normal because we dont really like on losing money on which its a common approach but as the time that you are already making some
engagement and you do earn those experience then you would really be definitely be able to learn up something naturally.

That's the spirit, I learned how to trade myself without paying a cent to anyone and I've ever encouraged people to do so. But whether we like it or not, it's not everybody that can yield to this advice. First, some people do not have the Will to do it and when they want to force themselves to do it, they may not have that Zeal.

Also, some people do not have much time to surf the internet and search for various resourceful books and articles about trading. This could be due to their work and other engagements that cause a tight schedule. It might be fine if they go straight to the point, and having the right person to point them in that direction is always their option and could be the best decision, and it is fast at the same time. Above all, if one can afford the external teaching, why not, but the teaching must be such that is worth it. That's my only concern here.

About your points above;

1. This is good but I prefer the PDF and other written articles. Nevertheless, it is always good that the ones needing practicals are decisively practised by the learner.

2. I don't buy the idea of the conferences, or do you mean to say trading seminar? If that is it, then it is good. Webinar is also very good as I've learned one or two through both.

3. Do you think the mentor will reveal much without you paying? I don't think so.

4. This is the most important part. You do not just learn from people, you practice what you learn and that's what inculcates experience in us. And through this, you may even modify/advance on them to know better than those who taught you if you are smart.

Definitely if you want to do anything trading money will be involved and there is no guarantee that you won't lose money and I do not think a mentor should be a shortcut there are people that don't learn on there own they learn faster when they are thought. Everyone will do what will favour them. In that case if getting a mentor will get you to your goal and then you can give it try. And everyone do tell stories of how there journey as been. So something almost every one talks about. I have seen some people even go ahead to register to learn trading so you won't blame anyone for there actions we all are just trying to make a living. And all this you are explaining might have happened to some people there are also people that have made good money starting from mentorship. If they have decide to get mentored the we should encourage them we don't know if  that will be there breakthrough.

YouTube helping me directly or indirectly in the trading, because i am following some YouTuber's those are very experienced in this filed, and they really trying to share their strategies and other technical knowledge, but a lot of creators are making crypto trading related videos just to earn money, so we have to out find real traders on the internet.

5. Practice or simply experience make learnings
6. Minimize risks as much as possible
7. Be versatile
8. Dont be impulsive or chasing up making profits.


Its true that you wont really be able to make yourself that able to learn if you are really just that too lazy on learning things.
Its not bad to see others analysis but paying up some money for you to be able to learn? You could actually get it for free.
Internet is your friend and it is really just that a matter of action which you would really be needing to do.
You cant really make yourself that be a good trader in a short period of time.

I'd honestly want to pay someone to guide me to teach the fundamentals really since it can be rather daunting (and confusing) to enter something you were completely new with. Just the general gist of things I guess? Outside of that, I wouldn't really pay a dime. It just speeds things up imo and you can generally avoid dumb mistakes due to being in an unfamiliar environment. After that it's just a rinse and repeat of looking for sources of info and losing/profiting money from trading.

It also helps if said guide was an "actual" professional. Hard to say most of the time with how the internet is though, so I get the idea of learning everything on your own. It's what I also did at the start after all, hence why I'd much rather learn from someone since I do not want to go through that again lol.

Yeah, a lot of free contents in YouTube nowadays that tackles about trading. You can start with all of that stuff and learn your techniques but you have to apply your own trades to yourself with your own money.

You'll get to see those content creators that have real intentions of helping their community and people to upskill in trading and there are goes that keeps talking about money milking from their viewers.

With the latter, if you have noticed that to the content creator you follow then stop wasting your time on them.

I don't have a problem about paying for something that is worth the amount, if I see an accomplished trader who has experience and can mentor me for a fee, if I can afford it, I'll personally don't look at the money that I'd have to pay, instead I'll focus on the value that I'll get for being mentored. Although a newbie trader needs to research and find genuine professionals who have years of experience that can impact them with the correct knowledge of crypto trading, if it requires payment, then pay and get the correct knowledge. The problem is that we have scam coaches who will collect your money and make you think that crypto trading is a get rich quick scheme, this is why you must try to find out the reputation of tutors. But if you can learn for free, then it saves you money.

Spending money to learn is not necessarily wrong, the issue is to spend thousands of dollars on a course that lasts just one weekend and from which you will not learn much, especially when you can just spend a fraction of that money on a few books and learn way more from them than what you could learn from 10 different courses, after all trading books published by actual traders are not that expensive to begin with, so if you just bought some, you could easily spend months or even years digesting them, while at the same time you do not have to be a in hurry to learn and instead do so at your own rhythm.

Isn't number 3 a way of paying someone or something just to learn how to trade? I think even you know someone who is experienced will not let them teach you for free, because mentoring is something that involves teaching you how to trade and showing their different techniques and knowledge in trade, and for them to build that or gain that, they allocated time, effort, and money, so it is not right for them to teach you for free and it is the right thing. 

Even though there is an internet where you could learn all things just by searching, it is not guaranteed that you will succeed in trading or even make a profitable trade. Time will tell how you will do in trading, and not all will learn to trade in the same way; we all have different ways of making things. I'm sure there are traders that really learn to trade on their own and some need help from other traders, but of course the most practical way is to don't waste money by paying those scam groups or wannabe mentors online.

The real experience comes when you come up with real money in crypto. Techniques like paper trading are good ways to learn trading but they don't give you real time experience. It's like learning how to swim from book versus actually swimming in water. One key mistake new comers make is that they follow different crypto signalling groups with intent of becoming rich over night. There are not many who became rich by following signalling group but majority of signalling group owners became super rich. It's best to use your own mind to train it for trading in future.