Topic: Stop paying money to learn trading when you can learn it yourself - page 4. (Read 1678 times)

I believe what you are saying; there are many trading courses that are free, and we can get ideas without spending any money. Which is not like others who have to pay for seminars and then what will be taught is only basic or verbal.

I've watched a lot of things on YouTube that I can tell if I've learned anything, and the others I'm going back and forth on because, when I analyze them, their explanations are true.

Paying for a course to learn trading will make us spend more money, the results may be better because sometimes learning by yourself with all the resources available on the internet is not as easy as imagined but it depends on the ability of each trader if you can become more skilled at tradingonly learn from sources on the internet then do it, but otherwise, you have to be willing to spend money, because learning directly, for example face to face, will make it easier for us to ask questions when there is something we don't understand, but for those with very minimal trading capital, it is better to use free methods to become skilled in trading so that the existing money can be fully used as trading capital.

and I agree that if someone promises that they will make a profit in a certain period, it is a lie because it is still possible for an expert to experience losses, only they can handle these losses well.

It is true that this really depends on the seminar we are going to attend and we also have to see whether those attending the seminar really have a good track record in the field of trading because if we are wrong in choosing the seminar, of course there will be some people who only look like what you mentioned and they only seek profit from the seminars they create.
Yes, we will get more information about trading on this forum and many will be able to explain it more clearly and we will also be able to ask them directly.

attending conference is also need to spend  gas and sometimes they are asking for
membership fee, and also Mentorship there is no free mentorship now so we need topay them
as well so there is a expenses .

but the last part is what I think we all need to attain , because practice makes us perfect.

I really don't think so, do you know that most of the losses most traders are having in the market is as a result of lack of proper knowledge in the craft? It's true that most of all this influencers knows nothing about trading or they are not that good as they claim, and to me, that is true but if you have been ever thought by someone that is good, bro, you will know that their is always a difference of learning it yourself and learning it from someone that actually know the craft.

And another thing most traders have failed to understand is that when you don't have someone that knows the craft to teach you, their are so many things you wouldn't know, something like knowing when to stay off the market,  something like identifying support and resistance and many more, but too me, it's very important you learn from someone that knows the craft, instead of fooling yourself with your money and be losing your hard earned money,  because in this life, before you go into anything, the first thing that should be done is to seek knowledge first, then the rest is secondary.

couldn't agree more with this statement the people that usually creating courses, seminar and so on about trading and they require you to pay to have access to certain specialized item and things like that are no master in trading they are literally trying to find money by sweet talking people into buying their courses and so on, definitely not worth looking into.

trading is just speculation and that's it, you can have technical analysis or anything similar, that only increases the odd i firmly believe that trading seeing the pattern of the market and so on at the end of the day depends on luck and the ability to gain insight and knowledge ahead of other to get advantage of buying when the storm hasn't hit yet or selling when the storm hasn't hit yet.
that's the essence of trading.

plenty of traders out there trying to taught their "unique" way of knowing how market behaves and when the people that bought into their sweet talking tried such strategy on their own, the results are massive loss, their capital losing over the course of the time.
if any newbies eager to learn, just try trading with small money you will eventually learn at some point believe in your own capability.

Trading isn't an easy process, the fact you can learn on your own doesn't mean others can do same. Paying for classes is advisable to ease your learning process and give you better understanding than struggling to learn all by yourself.
Why some of us are still struggling is because we neglected the fact of Mentorship which isn't free this days, it will also be of interest to know that most of the YouTube videos you watch Isn't up to half of what there private students are learning. Am not trying to say it's compulsory you pay but making you to understand that paying to learn will ease your journey.
It doesn't need to take 4-5yrs before one can be seen as a consistent and profitable trader, this is one of the mistakes that traders make and the sole reason some still fail, Trading isn't linked to the number of years  but the ability of you understanding and having the right approach( skill set) to react to the market. You can still be in the market over 7 years  still unprofitable but another trader with just 1 year market experience with good skill set ,edge and proper Mentorship (paid) will overtake you and become profitable than you.

I think you should lay emphasis on the need of been cautious of Influencers who don't know how to trade, and scammers in the market before paying a dime for any class.
And also the proper use of some free content available if you don't have money to pay for class.

I don't see watching videos is not a good idea. Of course, these YouTubers are not pro traders but as newbies, you could also get some ideas from them.
Yes, there is no instant way of learning as it takes several days and months to wait but at least, having online tutorials helps. Of course, it was different from the actual trade which is why, no matter what we do and whatever our learning resources are still, this is not an assurance for a successful and profitable trade.

We can choose the way of learning, we can pay some (friends) people to help us if we can afford it. But since we have a lot of learning resources, I don't think it was necessary. Besides, learning is a continuous process. The more we expose ourselves to actual trade, the more we gain knowledge.

Trading is not that cheap as you might think because when people said they are trader it gives the impression that one can easily learn trading within some limited space of time but as we know is not that easy, although I am not yet dip myself into trading but from the knowledge gaining through here I can be able to tell someone that trading is not that cheap and common as lot of people might seen it. If you develop yourself to be a trader then you must learn to be patient to learn even though you can use demo to trade then it will help you to build your skills and give you little guide on how you can succeed in trading.

I don't really encourage many people to go youtube to learn trading because there are lots of people who are there but doesn't know what they are doing rather they want to build their youtube channel for them to be paid while people keeps viewing their videos even if you must watch youtube videos it should be some known traders on youtube.

arguably trading mentor only effective if you know him really close, i've tried finding trading mentor back in the past and they are all about courses nothing more its always having connection to pro trader that actually did the job.
at this point I prefer to find my way into profit with investment instead of trading since I guess it requires hardwork and aptitude added with always need to keep up to date with the information.

i find it myself that demo account with learning principle and basics of investment and trading to be the most effective if someone doesn't have that connection to the pro trader so that they can be your mentor.
finding out using fake money how trading and investing works.

but there are some people that just plain fails when they are trying to learn by themselves and need some kind of course like visualization by other people to be able to learn something.
thats where the so self-proclaimed trading gurus trying to sell their course even though its all just speculation at the end of the day.

I can't entirely agree with you on this. When it comes to knowing something all excuses should be avoided. Whether a person pays for learning trading or not, if he is not committed to the learning he won't be progressive. Self-motivation is enough, it will trigger determination and consistency.

I think there are other ways to teach people how to trade rather than selling 10 minutes of introductory knowledge for 100 bucks. If he makes so much from trading by using the method they are teaching in the video they won't want to extort money from people who need the knowledge. What am saying in essence is that anyone can come up with a crash course online and sell it online to make money..

Maybe it depends on the seminar session you will attend. If the speaker is really a well-known or reputable trader, I think the price is worth it, and what will be taught is okay. But the others are just pretenders; they just wear formal business attire, and when the session comes, the teaching is not worth what they paid for.

but most of the seminars about the trading session were actually turned into business. only had a little knowledge of trading made for work. As a matter of fact, there are even more good people here in the forum who are good at explaining trading or blockchain technology, not because I am here in this forum.

I didn't come across this topic on time hence my lateness to replying this very interesting topic. I'm going to skip right through whatever any other person has said and just add my opinion because I have often advised people about this sort of situation before.

Paying money for knowledge is never a waste because by the time you spend and commit money to learning something, there is a psychological benefits that you have knowing that you have invested in it hence you must want to see the profit from your investment. Also, if some people do not pay for knowledge, they will never value it.

I’m absolutely agree with what OP said.  There is no quick way to learn trading.  There is only the effort to continue learning and becoming an expert in one's own style.  Many are looking for a quick way but always encounter dead ends.  Trading is a skill that must always be honed so that it becomes sensitive and controlled.  In my opinion, taking a course is not wrong, but don't expect too much on that.  Because the course only has a very short time so it is not enough to study.  Looking for a mentor is much better because we can continue to communicate to ask for opinions and suggestion.  But self-study is the best.  This will truly form a trading style that is purely based on personal instinct.

But even though this thing is basic, still a lot of people don't do it. They want quick results, quick money. They then buy a course and watch all of it in a short time (and I'm sure they don't understand over 30% of it) and join the market. But on the other side, when they lose money, they suddenly understand it all. All the things from the internet, all the things in the course they bought. Sometimes they need to see it in real life so they can understand it.

Would really be more worth and would really be more sensible on doing so rather than on paying something which you could really actually get it for free. There are really just that people who are really that rushing or liking to learn up things on the most fastest way without even trying out to think up well that it would be worth if they do rather make it use of their initial capital on doing trades. You could really be able to learn up along the way with those amounts which is more worth than on paying up those so called experts on which they arent really that experts. If they are really that indeed making money then they wouldnt really be that making themselves
trying to create some group and asking for sub fees. It is really just that contradictory.

Bettter that you would really be that learning on your own on which this is something that could make you sustain for long term and this is much more better rather than
on relying yourself into others. It would really be just that slowing you down. Trust me.

I do agree that spending your money on initial trading moves would make more sense. I mean there are free resources that you can use, and you may learn from them and after you learned enough then you can use the same capital for trading and if you do well then that means you learned, and if you do badly then you can go back and learn some more. That way, you are still spending the same amount of money but at least this one gives you a chance to make a profit, I believe that's quite an important difference.

It is quite important to make money when you know what you are doing, and for you to know what you are doing you should be learning as much as you can, for months if you have to, do not start before you are certain you know it all.

You are right in there. If you happened to have a trading mentor that will surpass all your expectations and will open you to the realities in trading, hence you are learning more than what you paid for, or more than you can find online from those free resources. Although we might have a lot of gurus found in social media that have always been self-proclaimed traders but we don’t be needing them as much as possible, that’s why we have to DYOR first so we can come up with the real experts in trading, and it would look more legit if it’s recommended by a common acquaintance.

However, you hold the final decision. Whether you learn trading free or paid, that’s not a big deal really, because what will exactly matter is how you become after that learning process.

While paying for learning is not ideal, but if you are given an opportunity to be train by a reputable trader that also comes with a good price, then why not? After all, what you paid for now will be worthy for all the techniques and strategies you will learn from him. Not all trading methods are listed in books or any trading resources, as they’ve said there’s always unspoken ones that only experienced traders are well aware of. So grab that chance even if it means paying for a good amount, you will still be able to gain back all those money once you have become a well experienced trader as well just like your mentor.

Nowadays, it’s never that hard to learn everything since you can find free resources all over the internet. You just have to do your due diligence to learn so you can maximize your learning. However, it’s still easier if you have someone to guide you to help you in the process in learning all those trading strategies and learning how to make good analysis in the market through reading some charts and patterns. If you know someone that is a good trader, I guess even if you come to pay its price, that won’t never be an issue as long as you know what you paid for is definitely worth the knowledge you have gained.

However, while learning these days may have its own price, but if you can learn without paying, well that could be a lot better. After all, learning don’t need to be rush, most particularly in trading as it may take couple of years before you can say you’re now a good trader.