Stop paying money to learn trading when you can learn it yourself
Stop paying money to learn trading when you can learn it yourself
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’m totally fine with paying money for trying to learn things from an actual professional(generally), but trading is one of those industries where there are just lots of incapable “traders” that sell courses/1-on-1 sessions that it’s pretty much impossible to recommend paying for them. And knowing that learning trading itself is really hard, I never recommend trading to anyone at all.
Learning is a first step to do before a person can start trading.
Learning about cryptocurrency market, its volatility, margin of changes in a single day, no limit like in stock market, no circuit break like stock market.
Learning about fund management, where to store it and what is safest.
Learning about CEX and DEX, differences between them, pros and cons.
Learning about different trading types: Spot, Margin, Futures.
I tend to agree with this, it takes years before you consider be a good trader, I wouldn’t say professional because as I see, there’s no professional in trading. But it depends on your dedication to learn in trading, like any skill, becoming proficient at trading requires time and dedication. The more time you can commit to studying and practicing trading, the faster you’re likely to progress.