Topic: Stop paying money to learn trading when you can learn it yourself - page 5. (Read 1678 times)

While I agree with these points you have raised, it's also worth mentioning that it's way easier to learn something if you have a mentor that guides you or have someone else to learn with. This does not necessarily mean you have to pay, as there are some free mentorships online that you can find nowadays.

If you're learning something in this day and age, it's best to record your progress or share it to the world. Also, the best thing to learn is to do it, and you don't even have to spend real money in learning how to trade. Lots of platforms offer free trading tools that you can play with and learn at the same time.

Discipline is the hardest thing to keep when trying to learn new things. Many newbies end up paying for someone to teach them because it keeps them responsible or somewhat disciplined to follow a learning plan. It's okay if you have the money, but it's always better to learn without having to pay any $ at all.

I will say what you wrote over there is not accurate. I wouldn't say you are wrong, you could be writing from your own experience but don't generalized what you know with what is out there because human are different, we learn different in different ways in different time. There are people thay can learn trading in few months and they will get basic things, it's their experience over time that will be teaching them the rest of trading, time teach us a lot and that's what trading is about especially this crypto trading.


In addition to the ones you have mentioned, if you want to go far in trading I think you can't have everything for free, a trader should be ready to invest on himself. You can't have a complete trading videos on a YouTube platform or PDF materials, if you do some be complex to digest but if you try UDEMY videos, the tutors are friendly and the videos are the best. You can use torrents to get some on some web but I guess they are illegal to do so in some jurisdictions but the videos are helpful.

I will just share a story that's not related to trading, but it's related to paying certain course just to learn from it.

I saw a Facebook post hours ago regarding a certain influencer who's offering a course regarding "Mastering the art of getting AIRDROPS". In that course, he will teach newbies how to spot airdrops and how to maximize the free money that we can get there. If you're a newbie, you will feel that it's worth it because he will be teaching you how to get free money through airdrops, but if you've been doing it for a long time, you will see that this course that he's offering is just useless and you know what's worse? He's charging ~$50 for that course which is insane!!!.

That isn't related to trading, but the point is that, not all paid courses have value. In fact, those videos that we are watching for free and the books that we are reading online are way valuable than these paid courses. I don't want to be one-sided though because even though I don't pay on these courses in order to learn, I still believe that you can still get value by paying a small amount to them. I mean there might be some lessons that you can only get when you pay other experts.

At the end of the day, information that can help you be a good trader can be found online, and it's free. Like OP said, consistency is the key, and maybe add as well the fact that experience will make you a better one. You need capital as well.

The biggest problem that a beginner may face is that it is very difficult to find a really good teacher who can teach how to trade with profit. I have seen many times how inexperienced coaches are trying to find themselves a pupil in order to get a profit for giving them their knowledge, which they actually do not have.

Of course doing crypto trading is not as easy as we say and talk about, some of the points below, I agree.


The points above show how important it is for someone to dive into the crypto market and trade, point number 3 is very important, we need guidance to achieve good results in trading, For this reason, don't ever try to be braver if you don't have an expert in trading and it's important to learn from mentors, not just guidelines on YouTube.

Stop telling people to stop paying money because you don't want to pay money. Not everyone can learn things on their own, some people aren't smart to pick up things very fast therefore they need others to teach them. You're also discouraging people from patronising others business as some individual uses the trading classes that they're offering to feed as that's their own business. If you're not learning trading physically from the wrong person, continue so you can become perfect at it. Self learning is also good so you can combine the two ways of learning and increase the speed that you'll understand how to trade and make profits. After you're done learning form your teacher, you should practice on your own and also add to the lesson that he has taught you. There's nothing wrong with learning from someone through classes or courses.

Learning how to trade is an ongoing process and you won't get essentials of trading by taking one or two paid courses. Moreover we haven't seen any paid or free course by successful traders like Warren Buffet. They prefer to keep there knowledge to themselves. There are not many around who got success by following paid contents but the content creators have earned a lot of revenue by selling there courses. I would prefer to invest that money in trading to learn by myself rather giving it to someone else for his course.

This suggestion is good but not always applicable for everyone because some people doesn’t have time to attend seminars, doesn’t know what PDD and Youtube guide to watch and doesn’t have mentor to find that will help him for free.

The benefits of paid courses was it’s tailored to skip the long premise on trading and focus on lecture that is already tested working by them. You are paying because the lecturer already spent a lot of money and experience just to develop the strategy which you can only get through experience. I’m not encouraging online courses but it’s not bad either to avail one as long as the content is insightful.

First of all, I apologize for being against paid courses. So, I checked out some courses that my friend shared. Some of them summarize all the knowledge so you can easily understand more than what you would by searching on Google by yourself. They also provide some tricks, some good, and some that really don't show up on the internet. (But they are not a tool for a 100% win in the crypto market. They simply offer a better chance than if you didn't know anything, giving you a small chance to win)

Yeah that's the perfect approach you just mentioned here but there are some hurdles you face though. First of all people are able to get the sequence of learning trading. There are some disciplines that you need to follow in order to learn every side of the coin in the trading market. Courses from a well known institution is not a bad thing until its valuable and you have some good assets to spend on

But for those who don't have money to pay it's completely ok to learn trading from online and social platforms. You have to put some extra effort to gather the information but you'll end up in a similar condition to those of course learners. Just don't be afraid and take the first step

The benefits of investing in paid trading education may surpass what's available online. Rapid learning is essential to capitalize on bullish markets. Paid mentors can unveil many trading secrets inaccessible online. Numerous undisclosed strategies exist in trading, concealed by online deceivers who may also serve as paid influencers in certain projects.

Ignorance and lack of knowledge is a major problem especially for beginners where they are still in the introductory stage and do not know about what to do and what to avoid, they learn but sometimes they find it difficult to find the right example of what is right unless they follow other people who already have higher flying hours or those who are professionals, and usually yes beginners prefer something instant like what you said where they follow trading signals, it's not wrong but it might hinder their learning and development process a little because of dependence on other people's signals.

I think it is a fact that lately most beginners prefer something instant which is something that is produced in an instant way will not be very satisfying because you are dependent on other people's ways, but actually it doesn't matter if you are on the other hand while learning everything you get and really apply it to your own trading activities, but sometimes the way that is accurate for others is not always accurate for us, meaning that the person who has the strategy has another advantage where they know about the advantages and disadvantages of the strategy because they created it while we are nothing more than following it and maybe this is the reason why sometimes other people's ways don't work for us.

there are indeed plenty of the so called trading guru flaunting their wealth its for the sake of garnering attention and making people wants to join their course thinking the so called guru credibility increase because they flaunt wealth thats not necessarily owned by them, thats the thing, there have been many of such cases exposed like flaunting their wealth and then got exposed with the fact that their real estate and sport care are all rented, so its definitely part of their marketing strategy no doubt.

whats more ridiculous though their course usually cost a ton and have next to nothing knowledge about trading except the basic since they also usually have no idea.

the courses aren't worth anything even more so if you pay up front they usually just don't care after you pay them money for their courses so indeed you better use that money to learn market pattern and so on.

There's nothing wrong in paying to learn a skill like trading as long as it's going to be a money well spent and you'll get the required knowledge to kick start trading. Having said that, I've noticed something strange on social media about these so called professional traders. Some of them flaunt their wealth online and make trading looks so easy which is not true. Perhaps, the end goal could be to trick and scam aspiring traders.

You've outlined very good steps, however you failed to include an important one and that's demo trade. As a trader you need to be able to test your skill, gain more experience before you test the water.

You provide a good reference, but not everyone who learns to trade ends up encountering the show. I'm sure some beginners are also looking for beginner ways of investing and trading, but beginners' interest is more in trading signal channels.
You can create your surveys, outside of the trading community. This means that in the general environment for beginners who want to learn to trade, more will be looking for an instant way to trade by following trading signals. whether it's from live YouTube or Telegram group channels, some of which may be paid.

Though these are some of the quickest ways or methods to start learning trading, however it's not that easy because as a newbie every information looks not understandable with regards to learning via YouTube videos or PDFs but getting a mentor is the best and quickest way to learn trading, however it's very rare to get a good mentor possibly due to their limited time and learning own your own would take some time because you have to learn with a slow pace so as to grap and understand every bit of knowledge of trading,  meanwhile truly there are lot of ways to learn trading via discord channels and telegram channels for those who are passionate to learn trading.

If you are looking for someone to mentor you on Bitcoin there is no best guy then Michael Saylor. His podcasts (lectures) are best source that can motivate you to invest in Bitcoin and that motivation comes with logic too. For instance, see Saylor lecture on Bitcoin at Atlantis 2024.
There is so much material available online that there is no need to pay someone to learn and understand Bitcoin trading or investment. Better spend that money in Bitcoin and that will give you lessons that can help you in future trading or investment.

Totally agree, most of those trader gurus that sell their courses are probably not that good at trading but on marketing, they're probably even not posting their own trades and that they're stealing it somewhere, those type of people have a lot of trader friends that don't usually post their trades in public and they steal those trades and make it look like their own. There's also Photoshop where you can make it look like you've made a lot of trades and all of them are a win, people that want to get your money will go the extra mile to deceive you and others so you will do what they want and give them what they want from you, it never gets old and it never changes, only the methods of deceiving changes but the essence isn't. There's paper trading to practice your trading and there's thousands of books about trading, sure some of them can't be applied to crypto trading but the point is that you know at the least the terminologies and phenomenon that are common in all kinds of trading.

Think of this when it comes to these trading course sellers and fake gurus that are everywhere online, why would they sell this course that they claim will guarantee you profit in trading when they could've keep it for themselves, there's no way that these people do it out of charity, most of them worship the dollar bill and one of their tenets in that worship is that you do any means to make money in any way possible.

           -   Until now, there are still such training courses that are paid for, but I learned to trade on my own if I worked hard, and if I read any studies about trading, I see other sections in the platform that teach a tutorial about crypto trading.

And the others that I even read here are even more credible to understand based on what I have observed and actually noticed. So those who pay are just wasting their money; it's even better to do your own research.

After spending some years in trading you can trade with the help of your own experience but newbies cannot trade with his own analysis because trading is not an easy field and only expert can make a better decision by their own otherwise a common man cannot get profit without taking help from courses.

I think it's not a bad idea to learn from courses when you are new in trading but if you are not learn anything but continuously wasting money on courses then it's your fault. At start everyone faces difficulties but when you learn well and make a trading plan then your loss will be reduces and you will become experienced with the passage of time.