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Author Topic: Stop paying money to learn trading when you can learn it yourself  (Read 2094 times)
bettercrypto
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June 01, 2024, 11:33:36 AM
 #221

I know knowledge is not free anymore. We humans have monetized knowledge that if someone without the knowledge wants to learn he has to pay handsomely for it. Many persons are eager to learn how to trade and bad luck has fallen into the hands of liars and tricksters who take money promising to teach these people online. We don't need to pay anybody to learn how to trade, we can do that for free. After all the only thing they would teach online about trading is the theory aspect and then the section is over. There are various resources on the internet especially YouTube that you can start learning from there until you are familiar with trading.

Also, anyone who tells you that you can become a profitable trader in just two months is a liar. Trading takes time to be acquainted with. It takes 3-4 years before a trader can be seen as a consistent and professional trader.

Let me work you through this step I am using to be a professional trader

1. Learning on YouTube and other PDF resources online
2. Attending conferences and watching trading podcast
3. Find a mentor, whether offline or online. You may not be close to this person but always study his trade
4. Practice always and maintain consistency

Watching the YouTube tutorial about trading, I can't deny that it doesn't help, but it really helps somehow. Even if not everything said in the video is true, there is still a part that is true.
So we, as viewers on this platform, need to carefully filter what is said in the tutorial to see if there is truth or not.

It's just like when we buy beef at the grocery store, isn't it our habit that when we get home we wash it again before cooking? So it's the same with our trading study page.



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June 01, 2024, 06:13:19 PM
 #222

With the help of the internet resources now is more easier and accessible to the public, all we need is to use all of that information can be help to our trading, but it depends on the person's capability, some person must need to have a trainer that someone assist them what are the strategies, and techniques. Others can learn from their own but they will meet in the same way through experiences because once you met already a specific thing you will remember those if you lose or you win because you encountered already you know how to handle it now properly. I learn from my own but of course what if someone teach me more base on their experience its a good thing too.

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senyorito123
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June 01, 2024, 11:45:34 PM
 #223

With the help of the internet resources now is more easier and accessible to the public, all we need is to use all of that information can be help to our trading, but it depends on the person's capability, some person must need to have a trainer that someone assist them what are the strategies, and techniques. Others can learn from their own but they will meet in the same way through experiences because once you met already a specific thing you will remember those if you lose or you win because you encountered already you know how to handle it now properly. I learn from my own but of course what if someone teach me more base on their experience its a good thing too.

Maybe my experiences is lesser efficient to compare from yours mate, I can only provide details with small gains and a bit of successful trades. Using trading features like investing with their platform buy and sell is a strategy that I'm doing right now. I stopped risking money in huge amount with futures and auto trading because it eventually makes my asset drained. With dual investment at exchange site that I'm using, you'll sustainably grow your coins as long as there's an active market trend.


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June 02, 2024, 04:33:01 AM
 #224

Trading signals will always in the end cost you money. They are generally profitable in the short term but never in the long term.

Right now anyone can make money as long as you buy. But eventually markets will shift and when it starts to become bearish, all those trading signal groups will go broke and shut down.

Just learn the basics on YouTube and the rest is all about experience.

I'm totally in support with you, in this world nothing is really a guarantee, even if you get the source from the experts, you might lose or gain, especially if it's comes from humans, the only thing I don't joke with it, it's anything that comes from God, which I know he knows everything but from humans, it can only be grace but that doesn't mean I won't listen to them and I will take their advice or suggestions too but not always and there are some things we have to learn by ourselves to get better understanding and there somethings we also ought to experience by ourselves to learn more too beside experience is part of life, without experience we won't get the idea or the knowledge and understanding of things.

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June 02, 2024, 02:51:32 PM
 #225

We just need to think simply like this, if they are really trading experts and can easily make profits from trading. So why do they need to open a signal group and collect fees from there? If I can make 1k$-2k$ profits consistently every day through trading, why would I take the time to share signals with everyone and take the time to explain them? So, those who cannot make money from trading are those who come up with ways to provide signals to others to make profits, IMO.
I completely agree with that. I believe that people running signal groups are failed traders who tried but could barely make enough profit from trading themselves and now they are selling signals and earning money from that while their signals are not always accurate because if they were experts, they would have been successful traders themselves and they would be focusing on their trading instead of creating groups and taking money from people to help them make profit. It doesn't make much sense.

I have the same feelings for people who sell courses online and teach people how they can earn money doing certain things because if they know so much about those things and know how they can earn money from them, why aren't they doing those things themselves instead of creating those courses?

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June 02, 2024, 03:09:20 PM
 #226

It depends on the mind of someone and their ability to grasp ideas.

I don't see anything wrong in paying money to learn trading as long as you get what you want. The only reason I would advise against paying for trading lessons is if you already have the basic knowledge and skills needed for trading, as this foundation can help you learn and understand new concepts more easily on your own. In fact, for me personally, I prefer learning in a physically rather than online because I find that I understand better when I can interact directly with the instructor and ask questions about any parts I find confusing at any stage of the learning process.

To be honest, trading is difficult for someone who isn't very fast

Honestly, trading is not easy at all, and that is the reason why someone needs good knowledge about trading before they should start; if not, they will just be losing. It is very hard to be successful in trading without having good knowledge about trading. Some newbies do try to trade sometimes, thinking maybe they will be lucky because people are comparing trading to gambling, but they always lose because trading doesn't fully base on luck; it is 80% based on knowledge

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June 02, 2024, 04:00:26 PM
 #227


To be honest, trading is difficult for someone who isn't very fast

Honestly, trading is not easy at all, and that is the reason why someone needs good knowledge about trading before they should start; if not, they will just be losing. It is very hard to be successful in trading without having good knowledge about trading. Some newbies do try to trade sometimes, thinking maybe they will be lucky because people are comparing trading to gambling, but they always lose because trading doesn't fully base on luck; it is 80% based on knowledge

What you say is true, so of course someone needs knowledge from various means, either through the media or consulting with paid experts online or offline, so I agree with the OP who stated, "Anyone who tells you that you can become a profitable trader . in just two months is a liar." therefore it is impossible for such a short time. However, I have personal experience, when I was offered to take an online course about trading through one of the media that I obtained because I was not careful in choosing the online course and the organizer, I was cheated by the organizer, even though I had already registered. Even though the pay was not much, I was disappointed with his behavior. Hopefully you all don't experience something similar.

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June 03, 2024, 02:56:19 PM
 #228

We just need to think simply like this, if they are really trading experts and can easily make profits from trading. So why do they need to open a signal group and collect fees from there? If I can make 1k$-2k$ profits consistently every day through trading, why would I take the time to share signals with everyone and take the time to explain them? So, those who cannot make money from trading are those who come up with ways to provide signals to others to make profits, IMO.
I completely agree with that. I believe that people running signal groups are failed traders who tried but could barely make enough profit from trading themselves and now they are selling signals and earning money from that while their signals are not always accurate because if they were experts, they would have been successful traders themselves and they would be focusing on their trading instead of creating groups and taking money from people to help them make profit. It doesn't make much sense.

I have the same feelings for people who sell courses online and teach people how they can earn money doing certain things because if they know so much about those things and know how they can earn money from them, why aren't they doing those things themselves instead of creating those courses?

The truth is that there are no experts in this market and all predictions are only relative, with no guarantees or absolutes. But the sad thing is that many people are too lazy, do not want to spend time studying for themselves, but want to get rich quickly through others. That is also part of the reason why trading signal groups were born, so the fault here is not only the people who open signal groups but also the fault of lazy people who want to get rich by relying on others.

The market is like a battlefield, if someone sells at a high price, there must be someone who buys at a high price, if there is a winner, there must be a loser, that is the law of the financial market. Signal groups, in addition to being a place to collect fees from those who like to get rich based on others, are also a place to create liquidity. I see many people complaining that the admin in the group always buys tokens at a cheaper price and then signals everyone to buy to push the price up and they silently take profits. To be honest, joining a signal group has no benefits other than just making us lose money.

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June 03, 2024, 03:12:36 PM
 #229

My trading journey is not easy. In the beginning, I used to watch videos in YouTube to learn trading. I learned a lot but I don't have a good plan since I only made it by myself. All my learnings in YouTube focus on strategies so you jump in the market out of nowhere. And I encounter a lot of loses. That's why I decided to join mentorship because I feel like I will easily get back the money from mentorship when I become profitable than to lose money in trading without having the right knowledge in trading.
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June 03, 2024, 03:17:21 PM
 #230

The truth is that there are no experts in this market and all predictions are only relative, with no guarantees or absolutes. But the sad thing is that many people are too lazy, do not want to spend time studying for themselves, but want to get rich quickly through others. That is also part of the reason why trading signal groups were born, so the fault here is not only the people who open signal groups but also the fault of lazy people who want to get rich by relying on others.

The market is like a battlefield, if someone sells at a high price, there must be someone who buys at a high price, if there is a winner, there must be a loser, that is the law of the financial market. Signal groups, in addition to being a place to collect fees from those who like to get rich based on others, are also a place to create liquidity. I see many people complaining that the admin in the group always buys tokens at a cheaper price and then signals everyone to buy to push the price up and they silently take profits. To be honest, joining a signal group has no benefits other than just making us lose money.
It is true that no one can guarantee every prediction made by someone and it would be better for us to have our own understanding and not rely on other people's predictions for the trading we do. Those who are lazy to learn about trading of course think they will get rich quickly by relying on it. For other people, of course this is the wrong choice and I myself would not trust this signal group because it is impossible for them to easily provide what they understand well and in the face of market conditions that are difficult to predict, of course this is not the right choice.

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Dzwaafu11
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June 03, 2024, 04:12:05 PM
 #231

Lots of people are so lazy searching those available free resources they can use to gain online about trading online. But instead they always go on something that offer them a good risky offer since for them this is the easiest way for them to earn money. But they didn't realize that the more they take a risk believing on those people fooling them the higher the chance that they are just wasting their time and money from them.

If they could just be able to do these steps and exert some efforts to research this information, then provably they can learn trading on their own way. But if they are still doubting and get confused about some information that they are interested to know then it would be great if they would ask a question in this forum since for sure that they can learn a lot of things by the answers given by lots of people base on the topic they want to tackle in their created thread.

Yeah. But to me, I will prefer someone to teach me trading than to learn the whole process by myself online and on YouTube. because trading is very risky and everyone knows that, so it is better if I get a professional trader who knows much about trading and has also been successful in his trading journey to teach me how to trade. The steps outlined by the OP are not bad, but still, I would rather get  the knowledge physically. Although it is not bad to search for it yourself, based on how I understand things, including the way trading works, someone really needs a good guardian before doing it on their own.
 
Furthermore, using online searches and YouTube videos alone may get you confused because there are some concepts that you must not understand, so you need to ask questions, and without any knowledgeable trader close to you, you may end up getting false information, which will cause you a loss when you are ready to trade.

R


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June 03, 2024, 07:52:37 PM
 #232

I know knowledge is not free anymore. We humans have monetized knowledge that if someone without the knowledge wants to learn he has to pay handsomely for it. Many persons are eager to learn how to trade and bad luck has fallen into the hands of liars and tricksters who take money promising to teach these people online. We don't need to pay anybody to learn how to trade, we can do that for free. After all the only thing they would teach online about trading is the theory aspect and then the section is over. There are various resources on the internet especially YouTube that you can start learning from there until you are familiar with trading.

Also, anyone who tells you that you can become a profitable trader in just two months is a liar. Trading takes time to be acquainted with. It takes 3-4 years before a trader can be seen as a consistent and professional trader.

Let me work you through this step I am using to be a professional trader

1. Learning on YouTube and other PDF resources online
2. Attending conferences and watching trading podcast
3. Find a mentor, whether offline or online. You may not be close to this person but always study his trade
4. Practice always and maintain consistency

I agree that self learning at times is good and we could use resources available to start but the would advice anyone to do that, having mentorship at times supersedes self learning cause they are lots of mistakes that you wouldn't have to make, let's assume forex trading, I have a friend that has been learning fored on his own trying to  develop a strategy for himself, he has lost a lot of money and at times I know how he feels about it .

Although if someone doesn't have the money to afford mentorship it's okay he can learn from other resources while he gets the money Although at times some subject are easy to learn and doesn't involve much to learn. Good topic anyway.

Mahanton
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June 03, 2024, 09:13:29 PM
 #233

I know knowledge is not free anymore. We humans have monetized knowledge that if someone without the knowledge wants to learn he has to pay handsomely for it. Many persons are eager to learn how to trade and bad luck has fallen into the hands of liars and tricksters who take money promising to teach these people online. We don't need to pay anybody to learn how to trade, we can do that for free. After all the only thing they would teach online about trading is the theory aspect and then the section is over. There are various resources on the internet especially YouTube that you can start learning from there until you are familiar with trading.

Also, anyone who tells you that you can become a profitable trader in just two months is a liar. Trading takes time to be acquainted with. It takes 3-4 years before a trader can be seen as a consistent and professional trader.

Let me work you through this step I am using to be a professional trader

1. Learning on YouTube and other PDF resources online
2. Attending conferences and watching trading podcast
3. Find a mentor, whether offline or online. You may not be close to this person but always study his trade
4. Practice always and maintain consistency

1. This do requires time and serious understanding- For those who do have dayjob then they could snip out some extra time to check out these things or simply making up those study
after work.

2. Not that much of an important thing but if you do have the opportunity then its not really that a bad option either.
3. There are ones who are preferring on someone who would be able to guide them but we know that free teaching mentors is not something common.
    Most of them have sub fees or any payment or whatsoever.
4. This would really be the main key for you to have that progress, try and try until you would be able to get that sufficient experience on which this could really benefit you on long term.

Taking a good grasps into this market is never been easy. You would really be needing up that sufficient time and effort for you to be able to
sustain up into this very volatile and unpredictable space.

R


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June 03, 2024, 09:45:01 PM
 #234

My trading journey is not easy. In the beginning, I used to watch videos in YouTube to learn trading. I learned a lot but I don't have a good plan since I only made it by myself. All my learnings in YouTube focus on strategies so you jump in the market out of nowhere. And I encounter a lot of loses. That's why I decided to join mentorship because I feel like I will easily get back the money from mentorship when I become profitable than to lose money in trading without having the right knowledge in trading.

As for me, I'm actually only making my own efforts to study trading. And unfairness aside, what I did was not easy because no one really gave me a guide to learn cryptocurrency trading. Like a young baby with no one to support me.

But like you, watching video tutorials on YouTube became my guidelines for at least some kind of trading. At first, of course, I did not understand, and my mind was always floating on what was being said about trading because I had a hard time understanding it, especially in the use of indicators. So for those who think that it is easy to learn a lesson, they are just liars.

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June 03, 2024, 10:44:04 PM
 #235

The problem is that why they are interested to pay money in the first place because they are motivated by the fact that the influencer that they are paying to is actually making something and they think they can get the same result by just following them hence why some of the influencers aware about this thing and just make the course to accommodate them.

Can't really say all courses are bad, but the free one is actually what you need to and most of us are going for a free way and can actually learn something by experience.

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AXIOMA
..EAGLE CITY..
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