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
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.
Start with Demo trading, with Trading View to observe the market and test their knowledge first.
Start actual trading with small capital.