How to learn a trader's profession

how to learn a trader's profession

You can find a lot of information on this subject. When you google Forex training, the search giant will just flood you with information, most of which will just be garbage. So how do you know which information is useful and which is not?

If you want to quickly and efficiently teach a trader profession, the best way is individual mentoring. It's expensive, but a mentor will quickly guide you from the basics to professional trading. You will save a huge amount of time, maybe even years of your life, and you will also save money that will certainly be lost during the long and self-study of this complex process. You can always ask your mentor questions and trade with him, where he will see your mistakes and help you correct them. This is the most effective way to learn the profession of a trader today, but also the most expensive of all approaches. The difficulty of this approach is to find a good and honest mentor. As a rule, they are private traders. It is better to search through YouTube or trading forums. But before you go to the mentor, you should definitely see either his trading statistics or see that the mentor trades online in front of his students. If there is neither, it is most likely a scammer who just makes money on courses. As a rule, a good mentor takes a lot of work to get to. The harder it is to find information about him, the more likely a good mentor is.

The second way is cheaper but requires more time and more independent study. It's a paid course. Many professional traders have already recorded the courses and are selling them. So all that is left to do is to buy and study. This is a very good opportunity to learn the basic trading principles fairly quickly and start trading independently. The disadvantage of this method is that you will not be able to consult directly with mentors, so some questions may still need to be answered. Also, there are a lot of courses, and it isn't easy to decide which trading method is worth studying. In this situation, it is worth paying attention to the trader's reputation. Before you buy a particular trading course, find out information about the trader who is selling the course. If he trades online with his students, has a good track record, or is a hedge fund manager, such a course is worth paying attention to. If none of the above, chances are you will not get what you expect from the course.

The third way is free but the longest. To understand trading on your own, study many books and videos. Most people, for some reason, follow this way, even though it is the most difficult, energy- and time-consuming. And the most interesting thing is that it is usually the most expensive method because traders lose a lot of money in the financial markets due to inexperience. But that's how human psychology works - always to learn from your own mistakes.

It's not hard to guess that famous traders and investors always recommend the first option of learning the profession. Remember Warren Buffett, who went to work for Benjamin Graham for free to learn the investor profession, to which Graham told him that learning for free was a very low price. So if you want to become a successful trader or investor, invest time and money in your education because it's one of the hardest professions.

Have a good trade.

Start trading

by JustMarkets, 2022.12.20

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