Topic: Stop paying money to learn trading when you can learn it yourself - page 12. (Read 2397 times)

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.

This might seem so true on the surface considering that Youtube is awash with various videos of all the possible trading technique anyone can ask for. The free materials are enough to equip anyone with the necessary skills that can make him a good trader but the challenge with the free materials are numerous. First, it is difficult to put together into a well defined learning process with a target. Secondly, there is very low level of commitment on free materials unlike materials that were paid for. Just imagine how people treasures what cost them money, that is exactly what happens with paid materials or mentorship. So while free materials are good to learn about trading, paid materials are more taken seriously and be extension, produces better results.

Though the more time you give it, the more you will learn and grow, however, I believe 3 to 4 years is a very long time even though I agree that 2 months is too short to become a full-fledged trader. It depends on the learning and grasping abilities of a person and how much time he would need to learn a certain thing. Some might learn everything within a few months, and some might make it in a couple of years.


I thought you were telling everyone to learn for free, where can one get a free mentor? I don't think anyone would be ready to spend their time mentoring and guiding you for nothing nowadays.

YouTube really discusses a lot of things related to trading and cryptocurrency. But sometimes.... as long as it is content, the responsibility of the content creator is only to entertain and look for viewers, even some important knowledge that is most sought after by everyone, is deliberately hidden for "kitchen secrets" reasons.

Yes... whether we want it or not, we still need mentors as you mentioned in point number three below...


Unfortunately, mentors today require a familiar approach, if one does not have a friend connected to a mentor, one is forced to pay a mentor to have one. The role of a teacher or mentor really speeds up a trader's learning process, that is perhaps the most important thing for learning... and in fact, it is very difficult to find a free mentor with whom you can have a two-way discussion.

This means that we have to spend money to learn trading itself, besides that we also have to have several years of experience as you mentioned.

I have to agree with you. Paying money is never a problem as long as you get quality learning from a real professional trader, and not those who are only self-proclaimed successful traders whose in reality they’re not actually experts in trading. If you know a person close to you who has been trading for a long time, then that would be much better since you know in yourself that you will never be scammed and your money will never go into waste.

However, experience is still the best teacher. Consistency and patience should be a must for a trader, that way he will continue to develop his expertise in trading with the help of a professional trader, and with his own positive mindset on the future of his trades.

The problem is that it is very difficult to find a good teacher via the Internet. As a rule, we see such teachers who themselves are not very well versed in what they want to teach others. But if you could really find a teacher who would teach you how to trade, then the money you spent would definitely come back to you with even more profit.

there are many tutorials online and even on youtube where a person who wants to be a self-taught trader can learn well without having to pay.
when a person is left with few options to make money, he will focus on learning what he wants to learn and will read what is necessary. what I can suggest is just do it first on the spot market. this is very easy to do and even today many people prefer to do it on spot market only.

futures can be exhausting and will liquidate your funds easy. the way to make it in the futures market is to first profit in the spot market.

Get ready to burn some money if you are on your way to becoming a professional trader. While looking for a mentor is like a shortcut because they'd tell you how they got in and out from the worst trades that they have ever been for you to avoid it. That's why you're paying them, for their experiences and that's very valuable on this market because with its high volatility, they can give you some idea on what you must do if you ever encounter a trade that you're having hard time to get out of it and not to keep on having bad trades and losses.

When weighing the benefits of mentoring or trading classes, it's critical to remember that while certain ideas are easily understood on one's own, receiving professional assistance can greatly improve comprehension. If you think you can learn everything on your own, it could make sense to forgo paying for trade lessons or looking for mentorship. Nonetheless, learning can be accelerated and comprehension can be guaranteed with the availability of clear explanations and direction.

In my opinion, if physical trading classes provided high-quality teaching, I would be prepared to pay for them. Having an experienced person at your side can help you learn more quickly, which could ultimately save you time. Consequently, even while self learning is feasible, having a knowledgeable mentor or instructor can significantly improve one's comprehension and skill level in trading, making the investment worthwhile.

To be honest, until and unless you pay for something, you then only get serious for it. No one cares about the free materials that is available to us. As it is free, hence people consider it as worthless, and run for the paid ones. So yes we ourselves need to understand, what’s better and what’s not. I completely agree with OP that everything is available in the YouTube and internet for free and a newbie can easily learn from it. But the human laziness plays as an obstruction towards this. Trading can be learned easily, just need proper determination.

Yeah, you stated the truth, knowledge is not free anymore, you have to stand well and work in to it before getting the knowledge, and some people's are relaying knowledge in one place, which is knowledge that will come to their side, which is possible. That was before, not now that everything in this life is available, you most work hard before getting it. That is how knowledge is. So trading is not something that a person can just start with a little knowledge. Anyone who really wants to become successful in trading most actually engage himself in enough knowledge so that they can know how to afford the risks that are involved. Although that some people pay enough money because of knowledge, I don't blame them, since without a knowledge whatever you come to do, you will end up losing. That's people's fight for knowledge.
You did a good job of outlining the proper location for knowledge that has been obtained; they are the keys to knowledge acquisition as well as a beginning to start. Online learning is the most effective technique to acquire knowledge because it provides a person with both theoretical and practical experience in trading. Doing independent study on trading and gaining more experience are also great goals, and if someone is interested in trading can accomplish them, it will help them advance to the professional level.

I can't agree more with you, because I have experienced it. I don't want to be a trader at that time but want to become a content writer. So I learned the skill online, for like reading different study cases, live and recorded videos, and many other sources as well. But in the end, I was in doubt due to failure in getting clients so I thought I should follow a mentor and eventually get confirmation on what I was doing wrong. So I followed a girl, asked her some questions, and when I said I had doubts about my writing can you confirm if I was making any mistakes?

She bluntly said you should follow my teacher and should take her course. Well, I thought now I should spend some money and learn some skills. So, I spent the money and took the 1-month course BTW it was worth joining. I got confirmation, and learned new skills as well. The point is, sometimes buying courses is necessary but in terms of trading they are not, because you eventually know what you are doing wrong in trading but following a mentor is necessary step.

If someone asks you to pay for what you need and you realize that you know nothing about this but that the person who asks for the payment has specialized in doing such things, you are not going to pay. I think you should pay. So what I'm trying to say is that if someone asks you to pay, he will teach you trading. This is not bad, as long as the person is a professional trader. There is nothing wrong if you pay and learn trading. But don't just meet someone randomly, claim to be a trader, and pay him money. Make sure the person you are giving your money to is a real trader. And that fact that you earlier said that knowledge is not free—I don't know why you came back and said it is not good to pay if you want to learn trading.


Seriously, trading is not easy for someone to be seen as a professional trader. It will take some time, but to me, 3–4 years is a long period of time. I think this is too much. As long as someone really wants to learn and become professional, I think even 3 years is enough.

YouTube videos will not help. In fact, some videos on YouTube are just predictions. Videos that some traders posted and they didn't use the strategy; some traders hide their method of trading and show something different; furthermore, not everybody understands something online. In my opinion, the best way to learn trading is through the practical aspect. Let the person teaching you trading sit with you so that anything you don't understand, you will ask him immediately.

Many people are willing to pay money to learn independently because they believe they don't have the time to follow the proper learning process. Instead, they often pay money to learn how to use copy trading and receive a small hint that can be used to make quick money from trading; if they don't succeed at first, they will eventually start blaming their tutor for causing them to lose money.

These steps are the right steps to get good knowledge about anything including trading, if you can follow due process and learn carefully, you can also become tutor after learning and you will undoubtedly become a professional trader that did not depend on any other person to give you analysis or any strategy.

If you want to learn how to trade, and you are asked to pay before they will teach you, then I don’t see anything bad about that, but make sure the person teaching you is a real person, don’t just meet random people which will claim to be professional traders and you will just trust them and give them money. Most people claiming to be a professional traders are liars, but there are still few people that really knows about trading which if you pay them, they are going to teach you.

We are all different and some people find it difficult to learn things online, they assimilate things better whenever they are being taught physically, so if you are like that, then just get someone that can teach you, even if you will have to pay for it, but don’t pay a scammer.

You might not get everything you need on YouTube, what I believe you can learn on YouTube are just the basics of trading( like how to buy and sell) most of the videos posted on YouTube are just posted because they needed money from YouTube, they just need views, subscribers and like. Most of those videos are not created by professional traders, that’s why  I don’t really recommend people to learn how to trade on YouTube alone.

Yeah I agree with you, get a mentor, but I do prefer getting a mentor physical, you should be able to learn better and have some experience, but if you can only get online, then it’s also not a bad idea, but even after getting a mentor, make sure you always keep on practicing, if you don’t practice, then you are just wasting your time, the more you keep on practicing, they more you keep on learning.