Which rookie candidate will make a better trader and quickly too?

[Scripture]

There’s no correct answer here because it will always depend on the market situation and depends on how those two trade in the market. No all those who trained to be a good trader able to make money at first, because the situation in real market is totally different and those who teach themselves might have a limited knowledge about the market, they still need real practice before they can have a good trades. The moment you spend time learning how to trade is already a good move, the next thing to do is to focus on your own strategy.

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[Ararbermas]

Of course the one that will have better trade and can gain quickly in trading are those traders that paying someone for guidance and knowledge , because there's always a correction once there's a mistakes on their speculation, unlike those traders that doing the job on their own which is no one will correct them.

[Strongkored]

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?

What is your candid opinion on this subject?

Both ways will probably be the best, because it all depends on the comfort of the newbie learning about trading and the newbie's ability to use the money to increase the knowledge, there will be those who prefer to spend their money on trading than paying teachers so online source is the choice, and I am one who prefers to use the money to trade directly and increase knowledge through online resources.

[Flexystar]

It depends on few factors though. For example, if I’m to learn trading techniques then I would love to keep learning online even though they have taught me in offline class. I mean whenever they teach us something in post grad program I would still go online, learn even more in depth science behind it and gain more with examples. Like many people have ability to learn quickly from tutor but many of them still need self study. It’s that kinda stuff where few Love to have visual learning’s while others would just listen and grasp. For me it’s both ways. I will never understand things firmly in the first instance itself.

[taufik123]

Of course the one that will have better trade and can gain quickly in trading are those traders that paying someone for guidance and knowledge , because there's always a correction once there's a mistakes on their speculation, unlike those traders that doing the job on their own which is no one will correct them.

Taking offline classes or learning from other people who are already professionals in trading are good choices. Of course such learning will be guided directly and will get some learning when there are some that must be justified and understood.

But even so, learning online independently will also be beneficial for long-term learning, because if we only rely on tutors or materials from other people we as people who want to learn trading will never grow.

Master the knowledge of the person who teaches us and then develop it by doing independent research, it will be better.

But the most important thing is how good and mentally strong we are in dealing with real trading, it will determine whether we are able to become a trader or not.

[gabbie2010]

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?

I personally invested my time on online resources to learn trading, option 2, though I have not gotten to a level of being an expert yet, however I garnered experience in the art of trading having spent plenty of charting hours to study, analyze and learn candlestick patterns, I don't think any paid service can render such a service, I learnt trading by live trading to test my strategy and emotions and possibly correct any mistakes that arise from a loss trade, so far the experience had been very valuable and encouraging and getting prepared towards adding more funds into my trading account.

[tvplus006]

...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.

[Silberman]

...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.

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.

[Reid]

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.

[tvplus006]

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.

[ethereumhunter]

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.

[crzy]

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.

[jossiel]

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.

[Mpamaegbu]

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.

[barbara44]

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.

[GreatArkansas]

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.

[palle11]

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.

[KingsDen]

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?
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.

[Silberman]

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.

True, however when we begin to think about whether newbie traders have more capital or time at their disposal this is a no contest, most newbie traders simply cannot afford to use a substantial amount of their capital hiring someone to teach them, learning from books or other sources on your own will be more time consuming and harder as well, but for the majority that is the only realistic option they have at their disposal, independently of how long it may take them to achieve a level high enough to become profitable while trading the markets.

[LUCKMCFLY]

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.