Topic: Stop paying money to learn trading when you can learn it yourself - page 9. (Read 2412 times)

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.

We are already meant to believe that nothing is for free in this world and for you to get something you have to give something in exchange in order to be good at it. Trading can be learnt without having to pay someone but can be done online just like you’ve explained in your post. Most times, the right information needed to become profitable and a consistent profitable trader is always hidden and you’ve to pay to get it unlocked and be a master at it. You can learn yourself but if you find the right person to teach and not just a trickster, you’ll become better in trading overtime faster than one who learns on their own.


No one is bound to be a master at something just after few times of practice. It has to be a continuous process and a journey that you need to be consistent at before you can get close to perfection because there’s no such work as been perfect always. There will be flaws, you’ll fail and learn again, just make sure you don’t give up as you’re striving to become better daily.

Because people;

1. Just that too lazy
2. Want to learn the fastest way
3. Willing to spend some cash for easy route

Its true that Google is really just that a click away on which it is really that mind boggling that they do still consider out on paying up tons if they could
really actually be able to make it free.Its just a matter of some work which you would really be needing to do so because if you would really be that
not making such effort then you would really be considering it up on paying on which it is really just that a waste.

Somewhat its not bad to look at on others analysis on which you could really be able to apply it into your own.

I do not think that's true, there is a new job called "influencer" for the past 10 years or so, I mean it existed in some capacity before that, but it has been growing huge for the past 10 years without a doubt. That means, people are willing to share without getting paid for it and that's not a bad move and I think it will definitely work for everyone.

I think it should be important to realize that you are going to probably make money from it either way. If you charge people money, then you make money per "student" that you have, but if you are an influencer and do not charge people and help them for free, then you can charge for ads on your channel or whatever and that way you can make money as well, it is a good move.

Why waste your money on trading lessons when Google is just a click away? Take the DIY route and invest in your own learning curve. Your wallet will thank you later! (Or perhaps you're not lucky and lose all your money, so best wishes to you)

I don't disagree with teaching basic skills and providing basic information. People can learn it to understand the market, and they can ask and receive quick responses, not just by watching on YouTube or something. But I don't understand people who join 'how to be rich' classes. I mean, if they know how to be rich, they would teach their friends and family first, not us, and keep it for themselves. Why would they need to teach you how to get rich? The only reason is they want to get rich by selling courses to you.

Well, there are definitely two options here) You are either engaged in self-education and in the process of learning you lose your money in exchange for the acquired experience. Or you pay money for training in exchange for the acquired knowledge. But at the same time, you need to understand that neither the first nor the second option guarantees that you will be able to become a successful trader.

Lookimg for a mentor whether online or offline means we are still going to pay for the mentorship. This is the same thing laying for trading because we need to service and for us to get it, money all need to be involved. I don't think there is any way we could learn how to trade without paying a dime. We need to be ready to pay money for the knowledge that we want us else we might be getting something nit actually right and that doee not worth our time because the information may be too misleading and difficult to understand.

Yes, learning trading takes a lot of time, even couple of years until you can finally say that you’re already a good trader. But know that you can always lessen your time reading and researching about trading if you have a good and reliable mentor on one side. If you have a close friend who is into trading, then much better as you can ask for a discount and lessen your pay for him.

It’s not all the time that we get to learn all by ourselves. Trading is learned based through experiences, that’s the reason why we need to hire mentors so that we can learn and follow their good experiences in trading. Well except for fake traders as a lot of them are self-proclaimed traders found in social media.