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?
Before you share your opinions, i'd like to share mine first;
I feel a better candidate will be the one who pays someone to teach them directly trading and the technical know-how, my reason being that, a direct teacher shares more than knowledge to you but their experience over the years as well unlike learning yourself which you may have to make your own mistakes, sometimes may be very costly.
What is your candid opinion on this subject?
According to me, a better trader is the one who invests time and use various resources to gain knowledge and build wealth.
This is a long approach and consumes time but over the time the trader becomes well experienced and eventually becomes really good at trading.
On the other hand, if there's a teacher teaching you then you might start trading soon but again that depends completely on the teacher and his teaching methods.
If he is a good teacher then he might make you avoid all the mistakes that generally a beginner does.
But if the teacher is teaching just because it is his job and doesn't put much effort into you then you might end up not gaining any knowledge at all.
So I think the one who learns by himself will become better overall.