Topic: Stop paying money to learn trading when you can learn it yourself - page 7. (Read 2412 times)

there's something I want to let you know what you don't mean you don't know it even though you learn from the best app from internet you will not stay understand it because nobody have gist you the functions and applications of trading it is better for you to learn manual in Trading and update yourself with online tutorials like learning from YouTube video and they also download some of the PDF articles that will uplift your understanding in Trading but it did not necessarily mean that someone who does not know the foundation or does not know how hard trading is all about, you can't come and gather the knowledge of trading through online tutorials and also mastered trading perfectly without experiencing or undergoes manual training of trading.

it is obvious that your commitment in thread them matters a lot, basically it is obvious that your seriousness will determine your goals and in Trading what matters a lot is your commitment and they are engagement to facilitate the understandings of trading personal, so what I'm saying is that without someone giving you the primary insight of trading you cannot understand it through online tutorials, understanding trading is being a strategized trader who will not experience a huge loss in terms of threading but whoever that land how to trade through online or internet kind of  lecturing of trading will not know the risk measures or how to overcome a risk in Trading so there must be a different between someone who is in classroom to learn how to trade and someone who learned how to trade through a tutorial video.

even though you are an encyclopedian or master of a Wikipedia you must to have a good mentor that will Direct you and the channel you on what to do trading before you can become a perfect Trader, does do not deceive ourselves here how many of us can be proud of itself by learning trading through internet without someone explain some particular point of trading to the person, we are 50% about 45% learn trading through manual, the only thing I know is that when you start trading and you continue to do it consistently that will make you to understand more and know how to skip some point of loss during the time of trading.

to acquire the best strategic way of trading is through having a cause of trading manually not through internet, so I'm off the opinion that for me to understand trading perfectly you must have a mentor who knows the rules and the regulation of trading who has already experience both profit and loss in Trading, we should not keep all our hope of understanding trading without going manual training..if its simple to understand we wouldn't have gone to university to study our course, then we would have been at home and study perfectly.

I have said this because trading is not only learned at one level, because trading will be much more experienced when people can improve their skills by engaging in it. Mentors and learning are really needed because with knowledge people can improve their skills slowly.
Beginners who rely on their own abilities will find it much more difficult to develop when they don't have many references regarding trading because a person's abilities will definitely vary.
To practice trading better people need knowledge about trading and the methods can be different. If people dare to take risks, being directly involved in trading by combining knowledge will improve their trading skills much more quickly.

And you can buy the most profitable system or the best coach and mentor but still you won't be profitable. On the other hands, there are people on the other side of the country that only learn on youtube yet thay are already profitable.

Because in trading, experience is what you need and the system is the one you make and integrate to yourself. Coaches and courses can only speed up your process but they won't guarantying you to make money especially if you are not putting in the work that is necessary for trading success. It's a personal development journey you are submitting.

There is no harm in going for courses that are freely available over internet. Such courses may give you some useful points that can help you in trading over period of time. Trading or investment is about creating a strategy that can guide you throughout your journey and this strategy must be developed by your own mind. It's best to train your mind through different techniques i.e. by doing actual trading, watching online courses etc. The sooner your mind is trained, better it is for your future investment/trading.

Lucky for you if you would be able to get a quality teacher but actually its impossible that you wont really be able to notice it out because on the time that you would really be deciding to make some payment then you would really be trying out to see whether he's really that reputable or well known kind of guru. Also, you could really be able to observe someones expertise on the time that you would really be having that kind of assessment.
We do know or its just a normal act to be done for someone to be that vigilant specially if you are already trying out to spend into something but it is really just that better and practical if you are really just that trading on your own on which all the possible things that you could really be able to learn and check it out.

We do know that there are things which are really that needing up for you to research for you to be able to learn and there are ones who are really that might be helpful into your
path along the way on which this would really be something that relevant on your part on your learning.

Paying to learn doesn't mean you will get a quality teacher, what I think paying to acquire knowledge does is that it help you value what you are trying to achieved. For example, you want to learn about trading and you went to YouTube to get basic things from videos, if you are a kind of person that loves procrastinating, you will probably spend entire month learning just from one video but had it been you bought that course probably from Patron or Udemy, you will be eager to see what you paie for and you will want to learn from the value of your money.

Paid cource also gives you some important information you might not get for free because the person making the video might limit some information but if it's were to be a content you paid for, the teacher will take his time to give you all you need because he will want to satisfy and wouldn't want to disappoint you so that when he brings more content for sale, you wouldn't hesitate to patronized him.

Yes, I have also paid to learn trading. They just talk about theories that I think can be found on the internet. The learning material does not have any weight or useful knowledge, when finished they do not help or teach you to start trading directly. And some also encourage people to buy certain products without giving specific reasons or techniques, it seems like they are being paid to promote them.

We have to be more careful in choosing them, because we learn trading by paying so they have to be good mentors and able to guide us directly into trading. Especially if we experience problems, they must be able to help solve them, this will definitely require a process. Paying won't be a problem if you have the right person who is able to provide knowledge.

To me, paying somebody to teach you trading is not a bad thing, the issue comes with paying scams. People who promise you to be experts in trading after 2 weeks or 2 months.
I see a lot of people going about scamming people in the name of teaching them trading. People should be able to identify when something or somebody is not genuine

Personally, I prefer a paid one. Not because you can't learn for free, but if you pay to the to a genuine teacher, they'll lead you in what YouTube channels to follow, and what podcast to take seriously, and they can also be your mentor. As I always say, trading is a learning-on-the-job type of skill. When you've learned the basics and have understood everything, a big load of the job rests on you. You get better with experience and with your zeal to learn and get better.

If you want to learn trading, I wouldn't advise anybody not to pay. My only advice would be to make sure you pay the right person because there are a lot of scams out there.

I just don't know why everyone thinks they can learn trading for free. It is very important for us to pay to learn something so that we can get the best information and utilize it properly in a way that would be more beneficial to us. We should not always look for free things because that is where the problem do start most time. We should be ready to pay for information we are getting especially if they are going to be beneficial to us earning more from the market. We can learn for free but that might not worth our time because it's going to be random and not actual.

Learning trading for free is not impossible, it's something that can be done and we should just consider that as the normal usual case. I get that it is not going to be that easy, but just let it be and we could make it work one way or another.

I personally believe that paying to learn is not terrible neither, that's an option that people could consider, specially if they have money to spend on learning, some people could spend 500 dollars for a elite level class and learn it that way, some can't even afford spending fifty bucks on it, it is that easy. That's why we should consider both as an option, you can spend money and learn that way, or you could just not earn any money and work that way too, it works both ways anyway.

Trading is not just focused on learning theories and methodology but it’s more on application and skills development. If you fail to do that, you will never be a reliable trader. This is why mentors are here to guide those beginner traders to practice and develop their skills as a trader, which I think is certainly hard to develop just by reading all those resources in trading. The trading market is still different compared when you are looking it at some of your videos and reading resources, trading will be more enhance with consistent trading practice in the market.

There are many sources that can be studied independently for trading issues, but not everyone has the same abilities. So you need a mentor to learn trading and they have to pay to get knowledge about it
Trading is not easy to learn and maybe people think that two months will give them the technical knowledge to learn and after that they can improve their trading skills by engaging in it.

To avoid the risk of loss people can try with small trades first and they can immediately gain trading experience. After their skills improve, they can increase their trading slowly because they already have experience.

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.