Tutored or you learned how to trade?

[Oshosondy]

For newbie traders to learn.

I want to have a broader knowledge about this because I do not want to be discussing partially about what I did when I wanted to learn crypto trading.

First thing first, this is what I did.
I learn trading myself, using articles and videos from trading sites. It was fun for me because I like to learn if it is about what could earn me money.

After learning trading, I trade. I learn derivative trading as well. But what later happened was that I was losing. I do lost in gambling since 2014 until I had control over it, gambling took money from me, but I had more money in 2019 and trading has taking more from me until I gained more experience about what trading is before my losses reduced and profit increases.

How about you people that had a tutor, were you able to be taught in a way you do not lose in the beginning? I only started to make profit some months ago and till now though, but I lost for almost 2 to 3 years. Maybe tutoring can help to avoid losses?

[hugeblack]

There is what is known as a demo trade^[1] where you can trade with fake money and thus test the strategies before executing them correctly. The most important thing is that you learn how to manage risks and control yourself when any losses occur.

Loss will happen even to the most experienced traders, but only the rich are the ones who turn that loss into gain, whether in the short, medium or long term. Therefore, learning to trade is easy, but risk management is the hardest.


[1] https://www.investopedia.com/terms/d/demo-account.asp#:~:text=A%20trading%20demo%20account%20is,trading%20venues%2C%20and%20commodities%20exchanges.

[TheUltraElite]

I learnt trading mostly from my parents who were into stock market since I was a kid, they used to make good amounts from spot trading on stocks and from the dividends from long term holding. I got into stocks from their mentoring when I started earning.

Crypto was something I started doing on my own side by side, for me this volatility was obviously more, but did not affect me much because I was primed form my previous experience. Gradually I understood that to mitigate the crypto market's massive day changes, you need to do it long term and that is what has been maximally profitable for me. I do understand that day trading on crypto can be massive, but that risk gives me discomfort and hence I avoid it.

Tutor yourself either from a family member who has interest in your well being or do it yourself by dummy trading, the second one is tough.

[gabbie2010]

For newbie traders to learn.

I want to have a broader knowledge about this because I do not want to be discussing partially about what I did when I wanted to learn crypto trading.

First thing first, this is what I did.
I learn trading myself, using articles and videos from trading sites. It was fun for me because I like to learn if it is about what could earn me money.

After learning trading, I trade. I learn derivative trading as well. But what later happened was that I was losing. I do lost in gambling since 2014 until I had control over it, gambling took money from me, but I had more money in 2019 and trading has taking more from me until I gained more experience about what trading is before my losses reduced and profit increases.

How about you people that had a tutor, were you able to be taught in a way you do not lose in the beginning? I only started to make profit some months ago and till now though, but I lost for almost 2 to 3 years. Maybe tutoring can help to avoid losses?

One of the quickest route to be successful in trading is to have an experience mentor, unfortunately it's hard to secure the service of a mentor because majority of them are very busy with trading, I am a self taught trader and honestly it had been a very tough journey, I started learning trading with forex trading, I read a lot of articles, watch lot of videos and practice with different types of strategies, I had rekt my live account thrice without a breakthrough and diverted to crypto trading without any success, however lately I started getting an edge over the market after sticking with one trading strategy and studied psychology of trading, Price Action and candlestick patterns formed at pivot zones.

[Lanatsa]

Learning to work on your own is quite difficult, you should understand this. I asked for the help of more experienced traders and tested various modes of operation on the demo account of the Amarkets broker. And it brought results!

Yeah, you are just simply shilling out that Amarkets broker every time you do make out some post.

Going back on topic then its not bad to make yourself as a self-learn.Even myself is a self learn one on which it might be hard but all the learning tools and informations could really be acquired online.
It is really just a matter on how you would be finding out those things, which simply means that you do need to act and you do need to make some effort and not just simply standing.
Dont make yourself that relying into those so called Gurus or professionals since they are just also speculators too on this market.

Some are really just too lazy and would really just tending to follow someone and the worst there are people who do pay up some fees or subs just for them to follow someone and learn up but eventually those

things that had been taught is actually can be found online or on net which you are just basically wasting your money on following someone but its actually your own choice since its your money afterall.

Its true that all of us is speculators and there's no man on this world which is a perfect trader or someone who do make out that 100% precision on every trade.
This is why its more sensible and more worth if you do just learn on your own without needing to pay.

[palle11]

Learning to work on your own is quite difficult, you should understand this. I asked for the help of more experienced traders and tested various modes of operation on the demo account of the Amarkets broker. And it brought results!

I agree that you need the hand of another trader to be better in yourself. Having another trader put you through along your trading experience will help you to get the required confidence for the trade ahead. Sometimes it is good and going to reinforce what you already know, building your confidence if you see another trader showing you the road. I have felt the impact of a tutor although it is for the basis and I have moved away from the earlier teachings to build a strategy for myself.

[kamvreto]

I also started trading by being self-taught from several trading tips articles and using video tutorials that are widely available on YouTube. actually it is the right way to learn in theory first and then practice trading but with small amounts. If the trading you are doing makes you get more losses than the gambling you did before, then you need to study again. trading is not only a technical and fundamental problem, it is also related to psychology if you are not ready then you will lose anything when trading. over time, the losses you get will provide more lessons and knowledge so that trading can be successful and provide benefits.
So make sure when learning to trade using financial management, and risk management properly and we must also be aware that trading will not always provide benefits.

[AmoreJaz]

I am convinced that trading cannot be taught. At all. Of course, you can teach a person the basic skills and understanding of how the market works, but he can only learn trading himself if his type of thinking is appropriate for this activity. I have seen many times those who have been trained, read books, watched a lot of training videos, had a mentor, but this did not lead to any positive result, such people never learned how to make money on trading. In my opinion, it's all about the type of thinking and psychology. I can’t explain exactly what criteria are needed, what kind of mindset is needed, but usually a person himself understands that this occupation is not suitable for him. Those who fail to understand continue to waste their time and money trying to master this profession.

maybe what you wanted to say is the passion of the person into this activity. yes, he can learn from those videos, short courses, seminars or whatever medium of learning activity. however, when it comes to actual trading, you need patience as your learnings won't be applicable at all times. you need to learn on your own the tips and tricks as you go along with this journey.  most learnings will be your own experience. it is not from your seminars or short courses.

[carlfebz2]

I am convinced that trading cannot be taught. At all. Of course, you can teach a person the basic skills and understanding of how the market works, but he can only learn trading himself if his type of thinking is appropriate for this activity. I have seen many times those who have been trained, read books, watched a lot of training videos, had a mentor, but this did not lead to any positive result, such people never learned how to make money on trading. In my opinion, it's all about the type of thinking and psychology. I can’t explain exactly what criteria are needed, what kind of mindset is needed, but usually a person himself understands that this occupation is not suitable for him. Those who fail to understand continue to waste their time and money trying to master this profession.

maybe what you wanted to say is the passion of the person into this activity. yes, he can learn from those videos, short courses, seminars or whatever medium of learning activity. however, when it comes to actual trading, you need patience as your learnings won't be applicable at all times. you need to learn on your own the tips and tricks as you go along with this journey.  most learnings will be your own experience. it is not from your seminars or short courses.

Theories wont be enough, you can really have all the information you do get from other peoples experience and other write ups or articles or videos on the net but the rest of the learning would really be in actual

experience or engagement on the market which is something that you are the ones who would really be needing to do so and you would be finding for yourself on whats lacking.
Real learning would really be acquired through real experience and this is really that a standard thing. Learning to trade isnt something that you could just
do it on a short span of time.

[Oshosondy]

Loss will happen even to the most experienced traders, but only the rich are the ones who turn that loss into gain, whether in the short, medium or long term. Therefore, learning to trade is easy, but risk management is the hardest.

I have noticed some qualities in people that are rich, they prefer not to use high leverage, some use averaging, they are very disciplined to not let emotion to take over while not that believing in stop loss because of the little leverage they use, they do not depend on time as they can go swing trading for a position opened for day trading, they prefer to leave the position opened for a long time until profit is made. But those that use little amount of money prefer to use very high leverage which can bring emotion to them. There have been many position I had opened in the past, but high leverage made me to lose as the position opened is high.

I am convinced that trading cannot be taught. At all. Of course, you can teach a person the basic skills and understanding of how the market works, but he can only learn trading himself if his type of thinking is appropriate for this activity. I have seen many times those who have been trained, read books, watched a lot of training videos, had a mentor, but this did not lead to any positive result, such people never learned how to make money on trading. In my opinion, it's all about the type of thinking and psychology. I can’t explain exactly what criteria are needed, what kind of mindset is needed, but usually a person himself understands that this occupation is not suitable for him. Those who fail to understand continue to waste their time and money trying to master this profession.

This is right, it is not hard to know how to read indicators and learn how to trade, but the hard part which is a the way to making profit is to have a profitable strategy, but most traders do not have this. Although I believe that if a trader start with little amount of money for many months and read articles and videos about risk management, they can learn one or two things from what they learn and what they experience from trading.

[xzy887]

I am convinced that trading cannot be taught. At all. Of course, you can teach a person the basic skills and understanding of how the market works, but he can only learn trading himself if his type of thinking is appropriate for this activity. I have seen many times those who have been trained, read books, watched a lot of training videos, had a mentor, but this did not lead to any positive result, such people never learned how to make money on trading. In my opinion, it's all about the type of thinking and psychology. I can’t explain exactly what criteria are needed, what kind of mindset is needed, but usually a person himself understands that this occupation is not suitable for him. Those who fail to understand continue to waste their time and money trying to master this profession.

Of course it is possible to learn trading if your mind to  tried. If something can be tried by oneself then it is definitely possible to get success. If a newbie wants to learn to trade, he needs to spend a lot of time on cryptocurrencies. And he needs to acquire a lot of knowledge about crypto currency. But that doesn't mean it's just profitable.No matter how much knowledge he acquires about crypto, he will definitely lose when he first enters the market and if he catches his mistakes from there and corrects those mistakes later on, he can definitely become a professional trader. It is not impossible. You just have to have your own morale, desire and hard work.

[AicecreaME]

I've been tutored and self study at the same time by YouTube videos of traders that I found interesting. Studying with just text is confusing to me, that's why I searched for a lot of videos about trading, it took me a week before I found the right channel that provided me easy yet very informative videos. Some friends of mine sometimes are giving advices and tips that also helps when I started trading in futures.

[el kaka22]

I have come across many topics on offers as mentor for cryptocurrency trading and topics on searching for mentors but I am sure no one could help you to avoid losses except those crystal ball holders otherwise we must have had performance tracking topics as well from those mentors .

Producing only positive results out of cryptocurrency trading is only possible for market manipulators like who initiate the direction of market and all others must be facing losses with unexpected fluctuations. So, never worry about losing trades but always try to cut your losses at possible minimum.

The best is, open a trade with 2 possibilities: target for quick profits if that not happens, convert that trade into long term and forget that and switch to new trade with new capital. It is possible with BTC spot trading; you never need to close a trade in loss .

[Hamphser]

I have come across many topics on offers as mentor for cryptocurrency trading and topics on searching for mentors but I am sure no one could help you to avoid losses except those crystal ball holders otherwise we must have had performance tracking topics as well from those mentors .

Producing only positive results out of cryptocurrency trading is only possible for market manipulators like who initiate the direction of market and all others must be facing losses with unexpected fluctuations. So, never worry about losing trades but always try to cut your losses at possible minimum.

The best is, open a trade with 2 possibilities: target for quick profits if that not happens, convert that trade into long term and forget that and switch to new trade with new capital. It is possible with BTC spot trading; you never need to close a trade in loss .

If someone do offers like having lesser loss or having that huge winning rate then i would really be already in doubt with that because no trader on this world would make out some assurances into their possible

followers and i cant really be just that comfortable for anything which had been asked out or they are really that too confident with their skills of being a trader.
Just like the rest that been saying that trading could neither be learned by following up someone and learn with those trades or you would make yourself like self taught
on which there's no difference since you do really still need up to trade and learn with those things.Its true that its better to make yourself learn via your own experience or steps
which it doesnt really need up any support and any assistance yet considering you could really stand on your own.It is really just there are people who do really likes to take the shortcut ways of things.

[Rruchi man]

How about you people that had a tutor, were you able to be taught in a way you do not lose in the beginning? I only started to make profit some months ago and till now though, but I lost for almost 2 to 3 years. Maybe tutoring can help to avoid losses?

I will pick a tutor anytime to just learning on my own. I can learn something first on my own which is good, but I will not become too over confident to begin to feel that a tutor to guide me further is unnecessary, and that to pay one is a waste of money. A tutor does not just share knowledge with you, he also shares experience, something that it will take you many hours to get and discover can be easily shared to you by a tutor. To get the best out of tutelage, get a private tutor if you can afford it. With a private tutor, the classes will be deeply interactive and they can properly carry you along.

[AakZaki]

I agree that you need the hand of another trader to be better in yourself. Having another trader put you through along your trading experience will help you to get the required confidence for the trade ahead. Sometimes it is good and going to reinforce what you already know, building your confidence if you see another trader showing you the road. I have felt the impact of a tutor although it is for the basis and I have moved away from the earlier teachings to build a strategy for myself.

Building self-confidence is one of the most important things for a trader. without having confidence trading will not go according to strategy. In addition, the ability to process technical and fundamental analysis also needs to be studied properly. Getting teaching from people who are professionals might help to direct us how to trade and predict trades correctly. Nothing is instant, everything requires a process and to build our own strategy we need some research and trials so that the strategy fits our way of trading.

[Hypnosis00]

Just like you OP, I also learn online at first but I also consult some trusted friends in regard to trading and their best practices as well. But I see the difference when someone accompanies you in trading, you can learn faster and could understand thoroughly, unlike if you just rely on what you have read and seen on the internet. You can find it hard when doing an actual trade and it was totally different from online tutorials. In fact, some people using demo accounts are also got in troubled during actual trade because of different scenarios, and yes, that also includes decision-making in different situations.

[minime0105]

Learning to work on your own is quite difficult, you should understand this. I asked for the help of more experienced traders and tested various modes of operation on the demo account of the Amarkets broker. And it brought results!

Learning on your own is the best way of expanding your understanding in any thing you arr serious to know, because your research will elaborate you and inspires you more of having safe control and management, their is different between someone who research and understand on it own and someone who just started learning from someone, trading understanding is not difficult, but to work out of it will be measured with your seriousness.

[justdimin]

Building self-confidence is one of the most important things for a trader. without having confidence trading will not go according to strategy.

Being self-confident without enough preparation might lead you to be over confident. Building confidence happens on its own when you are gaining experiences and gathering knowledge from books and real time scenarios. Yes, when you are confident about hitting profits 8 out 10 trades then you slowly become a self-confident trader.

your research will elaborate you and inspires you more of having safe control and management, their is different between someone who research and understand on it own and someone who just started learning from someone

Learning from a tutor got limitations; no one could guide you for an all-new-market-condition but if you are self-driven trader then you may analyse the situation and may get chances to cut your losses earlier. I am sure that crypto market is too wild; so being prepared to face any situation on being self-resilient alone will help.

[xSkylarx]

Whether you are tutored or self-taught, you will lose in your first trade, if not in the subsequent trades, because trading isn't trading if you aren't losing. I think we started mostly by self-learning, like the basics, but before that, there was really someone who guided us on where to start our trading journey. I learned the basics of trading on my own, but when I already started to formulate my strategy, I mostly sought help from others or saw their strategy so that I could tweak it.