Learning better or learning faster because both can't happen at once, you can hire someone and pay few thousand dollars for a week to teach you about trading strategies but no one can give assurance that you will be in profits because you learnt all those strategies which is something you can achieve from your experience.
This is true. Therefore, we better learn from various sources and use the money we have to try to trade. As long as we can still get trading lesson materials for free, we can use them for our purposes. In addition, by learning on our own and experiencing various kinds of mistakes, we can also learn to analyze to correct our previous mistakes. Of course, it will be able to increase our ability to trade. 
Topic: Which rookie candidate will make a better trader and quickly too? (Read 377 times)
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April 22, 2022, 10:49:19 AM
I think self learning is possible in this sector. There are resources available but it becomes better if someone does some hand holding. While this is best done with someone who has good intentions it is often taken up by shill promoters on YouTube and social media where in the problem starts.
Previous experience in stocks and other fiat markets do help is guiding the basics about Bitcoin and that becomes important to a new entrant. Someone who knows how market psychology works can remain strong during severe movements and still manage to trade in profit.
Reading books help, but often books are written with the motive of pushing some specific concepts because nobody out there is going to peer-review a book on trading strategies.
Previous experience in stocks and other fiat markets do help is guiding the basics about Bitcoin and that becomes important to a new entrant. Someone who knows how market psychology works can remain strong during severe movements and still manage to trade in profit.
Reading books help, but often books are written with the motive of pushing some specific concepts because nobody out there is going to peer-review a book on trading strategies.
April 22, 2022, 10:14:49 AM
I think the candidate that decided to pay someone to learn it from them might end up having limited understanding about what trading really entails. The candidate will be better more if they go as far to gain more knowledge from online resources or seek for mentorship so they can have better knowledge on what trading is all about.
The other candidates that decided to have self learning might have some difficulty in understanding so parts when it comes to trading. He will understand trading but still need a mentor that will be a guidian based on the person's experience so far.
But that means risking the idea that the candidate would need to learn everything all at once, from the jargon to what that means to what this means. It's a convoluted mess if you don't know what you're studying, and even if you do try to set a path, each path would have branching paths that you'd need to understand and look up yourself which makes it really difficult. Having someone teach you at the very least puts you on a path, even if it does limit what you learn. The other candidates that decided to have self learning might have some difficulty in understanding so parts when it comes to trading. He will understand trading but still need a mentor that will be a guidian based on the person's experience so far.
April 22, 2022, 08:33:57 AM
Learning better or learning faster because both can't happen at once, you can hire someone and pay few thousand dollars for a week to teach you about trading strategies but no one can give assurance that you will be in profits because you learnt all those strategies which is something you can achieve from your experience.
April 19, 2022, 07:25:05 AM
... The other candidates that decided to have self learning might have some difficulty in understanding so parts when it comes to trading. He will understand trading but still need a mentor that will be a guidian based on the person's experience so far.
The teacher will not be able to teach you more than he himself knows. But there is no doubt that he will teach you basic knowledge, on the basis of which you will be able to study independently. Thus, using this knowledge and gaining experience from independent trading, you will be able to improve your trading skills.
April 17, 2022, 06:55:57 PM
I think the candidate that decided to pay someone to learn it from them might end up having limited understanding about what trading really entails. The candidate will be better more if they go as far to gain more knowledge from online resources or seek for mentorship so they can have better knowledge on what trading is all about.
The other candidates that decided to have self learning might have some difficulty in understanding so parts when it comes to trading. He will understand trading but still need a mentor that will be a guidian based on the person's experience so far.
The other candidates that decided to have self learning might have some difficulty in understanding so parts when it comes to trading. He will understand trading but still need a mentor that will be a guidian based on the person's experience so far.
April 17, 2022, 10:42:06 AM
I like your opinion and my view would be closer than that but I will only add that learning all by yourself is more satisfying. I agree that it can cost you more expenses at first for the trial and error phase but once you overcome this phase, you will feel that you can now overcome anything.
It is always an advantage to have a good start. If you learn from someone, you can't undermine the speed of progress that you will witness in it. I understand your point of view that standing by your self is the angle you are looking at but forex is a highly risky business and if you only want to do it yourself you can end up losing courage because of the huge amount of money that will be wasted. So if you have a good mentorship, it will be better to have a good start.
Having a tutor is good, and even bad at the same time, because in one way or another you learn everything they can teach you, tricks, maybe things that they have taken from their experience, but all knowledge is not in one person, it is always good to take other teachings into consideration, more so if it comes from other sources, such as books, videos or others, particularly I always recommend reading books, but not technical analysis, but trying to understand how it moves the market.
When we take into account how the market moves, it is easier to enter with technical analysis, because only technical analysis does not determine market movements.
April 10, 2022, 10:16:50 PM
And that is something that is even more difficult to find, after all there are many traders out there, but very few successful traders, and with this in mind then it is going to be very difficult for anyone to experience the first scenario, and even if you could find one then the amount of money that you will need to pay to hire him is very high, while a person learning from books can learn more and faster and they can do it for a very reduced price, keeping most of their capital intact in the process.
High-quality training is expensive, but there is no guarantee that after completing the training you will trade with profit. After all, in fact, you will get only theoretical knowledge, but for successful trading you will also need a long practice. As for self-education, it will undoubtedly take even more time and also does not guarantee that you will become a successful trader.
April 09, 2022, 05:35:05 PM
I had this conversation with a friend about which rookie candidate will make a better trader and much quickly;
- Is it the candidate that learns trading from someone directly, that is - pay someone to teach them?
- Or the candidate that invest time into online resources to teach themselves?
Why do we have to chose one among the above?- Is it the candidate that learns trading from someone directly, that is - pay someone to teach them?
- Or the candidate that invest time into online resources to teach themselves?
How about if the candidate combines the above methods, I think that would be the most successful candidate.
First, you pay to learn directly but at your leisure (no lecture time), you use the online resources to perfect what you learnt from your tutor.
Someone teaching you has a particular method of teaching and peculiar strategies, but in the online resources, you can find hundreds of ways to do a particular thing.
So, it will be fine not to depend on only one, careful combination of both will give a more appropriate result.
April 09, 2022, 12:41:53 PM
I like your opinion and my view would be closer than that but I will only add that learning all by yourself is more satisfying. I agree that it can cost you more expenses at first for the trial and error phase but once you overcome this phase, you will feel that you can now overcome anything.
It is always an advantage to have a good start. If you learn from someone, you can't undermine the speed of progress that you will witness in it. I understand your point of view that standing by your self is the angle you are looking at but forex is a highly risky business and if you only want to do it yourself you can end up losing courage because of the huge amount of money that will be wasted. So if you have a good mentorship, it will be better to have a good start.
April 09, 2022, 10:33:20 AM
Always depends on the people. Even if you are either of the two or even do it both if you really don't want to learn or you don't love what you are doing or are not dedicated, it will not work.
Another thing is there are different people also who love learning on their own and others are not, it's like a method of learning.
But for me, having someone to teach you or paying just to learn is more serious here because there is other people or money involved, you don't need to waste it unless it's ok to you.
Another thing is there are different people also who love learning on their own and others are not, it's like a method of learning.
But for me, having someone to teach you or paying just to learn is more serious here because there is other people or money involved, you don't need to waste it unless it's ok to you.
April 09, 2022, 10:01:05 AM
I like your opinion and my view would be closer than that but I will only add that learning all by yourself is more satisfying. I agree that it can cost you more expenses at first for the trial and error phase but once you overcome this phase, you will feel that you can now overcome anything.
Your knowledge and skills is going to be more advanced than those people who pay someone else to teach them because what is being taught to them are only limited to what they pay. The only advantage with this is they can start trading immediately but it was not about who is first but it is about who will stay longer in the game and who can earn better in the long run.
Your knowledge and skills is going to be more advanced than those people who pay someone else to teach them because what is being taught to them are only limited to what they pay. The only advantage with this is they can start trading immediately but it was not about who is first but it is about who will stay longer in the game and who can earn better in the long run.
April 09, 2022, 07:26:44 AM
There's a reason they say those who stand on the shoulders of giants are propelled to greater heights faster than those who don't have that opportunity. It's a simple matter that anyone who has someone teaching them trading will have a better and faster grasp of trading than those who are self taught. However, let me quickly put it out here that mastering the art of trading from a mentor will depend on the technical know-how of the person mentoring one. If one's mentor is well grounded, definitely one is in a better position. If not, one will perpetually incur trading frustrations here and there. To succeed in trading requires experience. That's what having a mentor affords anyone.
April 08, 2022, 05:41:58 PM
If the person being paid is really a trader and not just a sort of coach that earns money from his trading course. Then, I'd say that's a shortcut and that person could really help to make someone profitable.
I've seen real traders that are helping a lot of newbies to go into trading without any pay. Those type of teachers just really want to share their knowledge and has ample time to give insights and teachings about the market.
The second one, it's like the best traders that have gone through the experiences and I'd say that I'll choose this path if the speed of being profitable isn't a matter.
I've seen real traders that are helping a lot of newbies to go into trading without any pay. Those type of teachers just really want to share their knowledge and has ample time to give insights and teachings about the market.
The second one, it's like the best traders that have gone through the experiences and I'd say that I'll choose this path if the speed of being profitable isn't a matter.
April 08, 2022, 05:35:47 PM
Its hard to tell, they both have the knowledge in trading but we can’t know who will execute or trade properly. There’s no competition here, both of them wants to make money and trading seems to be a good opportunity for them and that’s why they took extra miles and learn how it works. We should always learn, focus on our own strategy and trade based on our needs and skills, we should not compete against other traders its better to compete against the market itself.
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April 08, 2022, 12:35:23 PM
Becoming a better and faster trader took time and if he could find a teacher who would guide him, that would be even better. But for starters, maybe a beginner can learn on their own about trading knowledge while looking for a suitable person to teach him trading further.
He could pay someone who knew the trade to teach him if he had more money. But if he doesn't have extra money, he can only do it by self-study. I think self-study is also okay with a better internet because a beginner can find many valuable lessons through the internet. He can learn from the internet and what's more important is that he can put it into practice by making real trades. Putting into practice what he has learned will help him improve his trading skills.
He could pay someone who knew the trade to teach him if he had more money. But if he doesn't have extra money, he can only do it by self-study. I think self-study is also okay with a better internet because a beginner can find many valuable lessons through the internet. He can learn from the internet and what's more important is that he can put it into practice by making real trades. Putting into practice what he has learned will help him improve his trading skills.
April 08, 2022, 09:05:15 AM
And that is something that is even more difficult to find, after all there are many traders out there, but very few successful traders, and with this in mind then it is going to be very difficult for anyone to experience the first scenario, and even if you could find one then the amount of money that you will need to pay to hire him is very high, while a person learning from books can learn more and faster and they can do it for a very reduced price, keeping most of their capital intact in the process.
High-quality training is expensive, but there is no guarantee that after completing the training you will trade with profit. After all, in fact, you will get only theoretical knowledge, but for successful trading you will also need a long practice. As for self-education, it will undoubtedly take even more time and also does not guarantee that you will become a successful trader.
April 07, 2022, 03:03:50 PM
There are successful traders who did it themselves so I guess there's no right answer here.
With the broad amount of tools in the internet it is not that hard to learn trading anymore. I have seen younger guys who managed to make profits out of learning in watching streams and reading articles.
If there's someone to teach, it will depend on both listener and how good the teacher is. Not all have the patience to answer foolish questions from a beginner.
With the broad amount of tools in the internet it is not that hard to learn trading anymore. I have seen younger guys who managed to make profits out of learning in watching streams and reading articles.
If there's someone to teach, it will depend on both listener and how good the teacher is. Not all have the patience to answer foolish questions from a beginner.
April 07, 2022, 12:37:57 PM
...feel a better candidate will be the one who pays someone to teach them directly trading and the technical know-how...
Of course, individual training will be preferable to self-training in trading. But in this case, it is very important that the teacher is really a professional not only in theory, but also a successful trader who can really not only explain the theory correctly, but also be able to trade successfully.
April 04, 2022, 02:30:16 PM
...feel a better candidate will be the one who pays someone to teach them directly trading and the technical know-how...
Of course, individual training will be preferable to self-training in trading. But in this case, it is very important that the teacher is really a professional not only in theory, but also a successful trader who can really not only explain the theory correctly, but also be able to trade successfully.
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