I’m not sure that your third piece of advice in our time will be considered volunteer work, but, that is, I won’t find a single person, especially on the Internet, who is willing to spend time on me for free to teach me what you think is a successful strategy. This is a utopia. The days of free promotions are long gone. Today on YouTube, people create videos only to promote their channel, which means you won’t find any secrets there either.
But I agree that with careful and patient training, you can comprehend the science of trading, but you must have a good nervous system and an analytical mind to draw conclusions from your mistakes and build your strategies.
Topic: Stop paying money to learn trading when you can learn it yourself - page 13. (Read 2412 times)
March 18, 2024, 04:50:46 AM
March 18, 2024, 04:16:39 AM
Trading signals will always in the end cost you money. They are generally profitable in the short term but never in the long term.
That's not true, no. Trading signals are nothing more than a game of chance because, of course, nobody knows the market and future developments. You might as well listen to someone in the casino who predicts that red or black is coming next, he will be wrong in the foreseeable future. So if signals work in the short term, it's only because you were lucky. However, professional providers of midterm or longterm signals have been around for a very long time, but they don't offer shortterm signals either.
However, professional (!) signals are very suitable for assessing future trend developments. However, these usually have a focus of 5 - 10 years and indicate which sectors and technologies could be profitable in the future.
March 18, 2024, 03:35:46 AM
I always say don't pay money to learn trading, but what I really mean is don't pay money if you think it'll make you more money.
True, you can learn everything on your own, well almost everything, but I actually don't mind paying for entrance into some of those learning channels.
Not talking about dumb signals or follow trades, that's a scam.
Talking about those like on Discord, you go in, watch some guy showing you how to build real charts in real time, as markets move etc. They're so good at teaching you advanced charting in minutes, rather than in hours reading a manual and figuring out what's goes where
Not saying to throw money away but money spent on education is never a waste IMO.
True, you can learn everything on your own, well almost everything, but I actually don't mind paying for entrance into some of those learning channels.
Not talking about dumb signals or follow trades, that's a scam.
Talking about those like on Discord, you go in, watch some guy showing you how to build real charts in real time, as markets move etc. They're so good at teaching you advanced charting in minutes, rather than in hours reading a manual and figuring out what's goes where
Not saying to throw money away but money spent on education is never a waste IMO.
March 18, 2024, 02:54:46 AM
Some people do not know they can learn it and know it is the reason they look for someone to teach them. While doing that, some will be scammed. I learn trading myself and it is not hard. The hard thing about trading is to be using it to make money and that is what those tutors are not teaching.
Also, anyone who tells you that you can become a profitable trader in just two months is a liar. Trading takes time to be acquainted with. It takes 3-4 years before a trader can be seen as a consistent and professional trader.
This is not wrong. Some people will think they can be a better trader but later realizing that it is easy to learn but difficult it is to make money. It takes years to become a good trader. 
March 18, 2024, 02:14:16 AM
3. Find a mentor, whether offline or online. You may not be close to this person but always study his trade
I will pick the third point and talk about it. With regards to finding a mentor. I'd say if anyone can pay for it please do. But when it comes to this, you have to find an accomplished executive trading coach who you will pay to learn. I tell you that your time with an accomplished executive trading coach will be worth every penny. In addition to an accomplished executive trading coach, you can add to it, a trading mastermind group which is actually a group of trading peers who meet to give each other trading advice and support. The become like your accountability partners. and making your learning journey to be easier and faster.
March 18, 2024, 01:36:06 AM
(...)
Let me work you through this step I am using to be a professional trader
1. Learning on YouTube and other PDF resources online
2. Attending conferences and watching trading podcast
3. Find a mentor, whether offline or online. You may not be close to this person but always study his trade
4. Practice always and maintain consistency
Among the list, number 1 is the thing I can relate, to because before when I was introduced to trading, everything was just online, YouTube, social media, and some communities even here in the Bitcointalk forum.Let me work you through this step I am using to be a professional trader
1. Learning on YouTube and other PDF resources online
2. Attending conferences and watching trading podcast
3. Find a mentor, whether offline or online. You may not be close to this person but always study his trade
4. Practice always and maintain consistency
But before any of this, we must first have the dedication to learn because if not, all will be wasted and we will have no focus to learn.
March 17, 2024, 11:32:43 PM
If there is any such course online and if a member wants to learn trading by enrolling in such a course, I have no idea how much trading he can learn by enrolling in such a course. In many online courses I have seen that even after completing the course many people do not know about the general aspects of trading. Since online trading education is not of much use to us, there is no need to waste money and take such education. A trader can buy two or three books for a very small amount of money to get an idea of these basic topics candlestick introduction or chart observation, and if he reads those books well, he will definitely learn more about trading than he could by taking an online class. So instead of spending unnecessary money and wasting time, you have to try yourself and apply as much effort as you can to get success.
March 17, 2024, 11:11:46 PM
Trading signals will always in the end cost you money. They are generally profitable in the short term but never in the long term.
Right now anyone can make money as long as you buy. But eventually markets will shift and when it starts to become bearish, all those trading signal groups will go broke and shut down.
Just learn the basics on YouTube and the rest is all about experience.
Right now anyone can make money as long as you buy. But eventually markets will shift and when it starts to become bearish, all those trading signal groups will go broke and shut down.
Just learn the basics on YouTube and the rest is all about experience.
March 17, 2024, 09:41:30 PM
Paying to learn trading is not bad but the most important thing is that trading involves too many risks and makes one unstable because your thoughts will always be on how the market is going and one can lose a huge amount of money while trading.
Learning trading through online trading platform is good but yet you still need someone who has lots of experience in trading to guide you on how the market works and how to use signals efficiently.
Learning trading through online trading platform is good but yet you still need someone who has lots of experience in trading to guide you on how the market works and how to use signals efficiently.
March 17, 2024, 09:06:21 PM
I'm totally fine with paying money for trying to learn things from an actual professional(generally), but trading is one of those industries where there are just lots of incapable "traders" that sell courses/1-on-1 sessions that it's pretty much impossible to recommend paying for them. And knowing that learning trading itself is really hard, I never recommend trading to anyone at all.
March 17, 2024, 09:00:15 PM
I know knowledge is not free anymore.
1. Learning on YouTube and other PDF resources online
2. Attending conferences and watching trading podcast
3. Find a mentor, whether offline or online. You may not be close to this person but always study his trade
4. Practice always and maintain consistency
Learning is a first step to do before a person can start trading.1. Learning on YouTube and other PDF resources online
2. Attending conferences and watching trading podcast
3. Find a mentor, whether offline or online. You may not be close to this person but always study his trade
4. Practice always and maintain consistency
Learning about cryptocurrency market, its volatility, margin of changes in a single day, no limit like in stock market, no circuit break like stock market.
Learning about fund management, where to store it and what is safest.
Learning about CEX and DEX, differences between them, pros and cons.
Learning about different trading types: Spot, Margin, Futures.
Start with Demo trading, with Trading View to observe the market and test their knowledge first.
Start actual trading with small capital.
Awesome Crypto Trading
Awesome Systematic Trading
March 17, 2024, 07:00:04 PM
Also, anyone who tells you that you can become a profitable trader in just two months is a liar. Trading takes time to be acquainted with. It takes 3-4 years before a trader can be seen as a consistent and professional trader.
I tend to agree with this, it takes years before you consider be a good trader, I wouldn't say professional because as I see, there's no professional in trading. But it depends on your dedication to learn in trading, like any skill, becoming proficient at trading requires time and dedication. The more time you can commit to studying and practicing trading, the faster you're likely to progress.Quote
Let me work you through this step I am using to be a professional trader
You can also add this.- Demo trading on exchange
- Find a forum or a community like this
March 17, 2024, 06:47:02 PM
I know knowledge is not free anymore. We humans have monetized knowledge that if someone without the knowledge wants to learn he has to pay handsomely for it. Many persons are eager to learn how to trade and bad luck has fallen into the hands of liars and tricksters who take money promising to teach these people online. We don't need to pay anybody to learn how to trade, we can do that for free. After all the only thing they would teach online about trading is the theory aspect and then the section is over. There are various resources on the internet especially YouTube that you can start learning from there until you are familiar with trading.
Also, anyone who tells you that you can become a profitable trader in just two months is a liar. Trading takes time to be acquainted with. It takes 3-4 years before a trader can be seen as a consistent and professional trader.
Let me work you through this step I am using to be a professional trader
1. Learning on YouTube and other PDF resources online
2. Attending conferences and watching trading podcast
3. Find a mentor, whether offline or online. You may not be close to this person but always study his trade
4. Practice always and maintain consistency
Also, anyone who tells you that you can become a profitable trader in just two months is a liar. Trading takes time to be acquainted with. It takes 3-4 years before a trader can be seen as a consistent and professional trader.
Let me work you through this step I am using to be a professional trader
1. Learning on YouTube and other PDF resources online
2. Attending conferences and watching trading podcast
3. Find a mentor, whether offline or online. You may not be close to this person but always study his trade
4. Practice always and maintain consistency
Jump to: