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Author Topic: Which rookie candidate will make a better trader and quickly too?  (Read 380 times)
Rruchi man (OP)
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April 02, 2022, 08:36:07 AM
 #1

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?

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April 02, 2022, 08:41:15 AM
 #2

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 will choose the first one that pay for a teacher to teach him if the teacher portfolio and experience is proven successful because the newbie might be in the bad spot in case the teacher style is not suitable to the person he is teaching. DYOR on trading is a must to not rely to anyone and to verify others teachings if it has a point or not. I will prefer the combination of both option because on my own principle, I don't blindly believe to anyone that teach me especially in trading that involves money unless I have basic knowledge on what he is teaching or there's study material to confirm it.
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April 02, 2022, 09:35:42 AM
 #3

Who will be the one teaching, and how competitive is he/she actually is with trading?

Which specific set of online resources will the person focus on?

You can't really answer this with one or the other.

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April 02, 2022, 10:10:42 AM
 #4

The candidate who is discipline, willing to learn and dedicated to succeed in trading will, it doesn't matter where the source of the knowledge is coming from. There are different factor that can affect candidate from your both options. The candidate that the teacher has to be physically present could have some disadvantages like not been able to learn if the teacher isn't there, but the candidate learning from online sources has advantage to resources that can fastern his learning process, putting into consideration both parties have access to the best in their respective options.

Now let assume both parties have the same zeal and access to the best teachers in their respective options, I'll say since the best information can be found online this days, the candidate with the online resources should be favorite to learn quickly and become a better trader. Since he'll be learning from different professional instead of just learning from one angle with a physical coach.

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April 02, 2022, 10:42:04 AM
 #5

It would still depend on what kind of information they're taking in and how well they take it in. If we do consider them taking it pretty normal, then the level of information would matter (like the levels of information given to them at an acceptable level that they learn each and every bit properly). Honestly, I'll take the one with the learning from someone thing since if they know how to teach and know their stuff with how to trade, it's time well spent for whoever is their student. Learning level by level is a lot better than slamming it all at once after all.

 
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April 02, 2022, 12:16:37 PM
 #6

trading is related to several sciences that are not related to each other, for example:

 - Psychology: To control emotions, fear, anxiety, greed and other psychological factors that control the market.
 - Programming language: You don't need to know detailed but at least keep yourself informed.
 - Economics: You will need some factors to analyze the market, reading charts, resistance and support points, Fibonacci analysis and moving averages.
 - Track the news: News is a good source of price prediction.

Therefore, you may need someone to teach you the sciences above and then you will be ready to start trading.
The more you trade, the more experience you have, and therefore the better your financial performance.

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April 02, 2022, 12:27:35 PM
 #7

Actually both, depends on the trader itself whether if he is really good or not but the "candidate that learns trading from someone directly" has the advantage since he doesn't need to look for learning materials and there is someone who will teach him and guide him. Unlike user who will look for learning materials and do self study the first candidate has more advantage but still depends on the trader since even if you pay and hire a personal teacher to teach you how to trade if you are not serious at all then you are not going to learn.

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April 02, 2022, 07:48:09 PM
 #8

Learning from someone is better and faster to equip the newbie on the things needed and the speed of knowledge is not the same with that person that is just glued to the screen and trying to stumble in it. Yes after having the beginner's knowledge, that is having that start, you can then begin to practice those learnt skills and start teaching yourself again and by then it is clearer in your eyes
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April 03, 2022, 02:29:56 AM
 #9

The issue with getting training from someone directly is whether or not that individual actually trades profitability or not. Most of these trading gurus are great teachers but they are horrible traders. So who knows if you would be better off just learning on your own.

I think most of these courses are good for extreme beginners however when you make it to the intermediate stage you are better off trading on your own and finding what works for you best.

Long time ago I learnt that when it comes to trading you can’t teach experience. You need to learn it the hard way on your own.
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April 03, 2022, 05:06:31 AM
 #10

It depends on how good the teacher is in my opinion. Nothing wrong with paying someone to teach us his skills. The only problem might be that he is a very good trader, but very bad teaching others. There are people who make the right decisions on his brain very fast, but struggle to explain how they reached that conclusion. If the teacher has a good track record of teaching beginners the arts of trading, I would probably go with him than teach myself. Teaching ourselves might be free but will involve a lot of more time. It is up to us to distinguish between bad trading ideas/strategies and good ones. It also depends a bit on the individual, there are some people who enjoy listening to others and learn faster that way. Than there are others who maybe have a different learning speed and enjoy more reading things at their own past. Both ways can make good traders.
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April 03, 2022, 05:29:06 AM
 #11

For me as someone who has tried different workshops on trading online and in actual, It’s the better too be someone because there would be a curriculum in which you could easily absorb the materials and the knowledge that would be given by the teacher.

It would be faster because there would be someone who you could ask on the questions that you have. In that way you could easily apply what you have learned.

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April 03, 2022, 11:31:20 AM
 #12

I would say none of the above options,but both options can be helpful along the way.
The best way to learn is by practice and by trial/error.
That doesn't exclude the two options you mentioned,but it depends of the "teacher" and the quality of the tutorials.If the mentor is really good,that would be a great supplement for the rookie traders,who are his students.
If the mentor is a fake "trading guru",then everything would be a waste of time and money.
The same thing applies to the online courses and tutorials.There are some good online tutorials and there are multiple shitty/mediocre online tutorials as well.

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April 03, 2022, 01:30:29 PM
 #13

IMO, not both of them because I feel trading can't be taught it has to come from the experience so one who spend time on learning on their own can be the better trader but when you ask about the quickest it really depends on the learning and adaptability of the individual which varies highly from one person to another.

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April 03, 2022, 01:37:13 PM
 #14

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.

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tranthidung
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April 03, 2022, 02:29:50 PM
 #15

- 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?

Practice makes perfect.

Moreover, what is good for your teacher, might not be good for you. Because you have your own traits that decide how you response on the market. You are the one stays in front of the screen and open, close your positions.

Learning is key and essential for your beginning phase as well as anytime you can learn something new. But practice helps you understand what you learn better, improve yourself gradually.

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goaldigger
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April 03, 2022, 03:02:55 PM
 #16

- 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?

Both of them, considering the knowledge that they get on those resources if they can adopt everything in just a short period of time then I see them to become a profitable trader.

We can't compare this two, we all have different timeline and there's no competition in trading so its better to focus on the learning process. Both are good ways to learn more about trading, I guess the one who will succeed here are the one who are more dedicated to master trading, this will depend on the traders behavior.

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Silberman
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April 03, 2022, 04:04:25 PM
Last edit: April 07, 2022, 04:10:54 PM by Silberman
 #17

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?
To me that does not make any difference, I think we have all seen during our years at school excellent students that could learn a great deal of knowledge with no help from their teachers as long as they got the books, while we have also witnessed bad students that will never learn a topic even if the best teacher was with them 24/7, at the end it depends on your own skill to understand the markets and your ability to deal with them at an emotional level, which is something the majority of the people cannot do.
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April 03, 2022, 05:24:32 PM
 #18

The answer would definitely depends on someone's ability to cope up or master the technique or strategy in trading. Since a lot of factors that influence the results e.g. someone might be good at trading but not good at teaching or the client can't keep up with their teacher. And if it's someone who invest a lot of time learning through reading lots of books they might sucks at the actual trading although, trading for the first time won't give you more profit since you are in the training stage. So the result would actually varies with these different factors.

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April 03, 2022, 06:08:49 PM
 #19

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?

Both have advantages and disadvantages of each, depending on how agile a person in absorbing the information obtained. However, the first point has the advantage that we don't have to guess at identifying information, because there are already guides and guides with good skills and experience in the field of trading. So we will focus on trading and the material that has been given. While teaching ourselves, apart from the difficulty of finding reference sources, we are also required to carry out trades with minimal understanding.

If we do have more capital, then choosing the first point will be much more effective.

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April 03, 2022, 09:07:20 PM
 #20

personally all of that will back to ourself , did we could absorb tranfer knowledge well from any source even directly teach by expert or not. every one will have different progress in their learning , maybe due some reason beginer traders whose have big patience and good emotion controll could grow up better.our sacrifice in learning will show the progress, its not instant and never thinking if teached by expert could have easier way.
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