No One Should Ever Pay For A Beginner Course

You still need to pay in losses that will teach you. Not much better teacher than that

VERY well put, this is exactly it!

Yes the only payment which will assist you to learn is the loss of your funds

The reason why it will teach you the best is because we value our capital(money) higher than anything else. Fuck if peoples head gets chopped somewhere in the world, just another squashed bug for all we react. Yet if we loose 1000, 10000, 100000 we tendto get a little emotional no matter who you are - all relative to size of course.

This is a given, no noob should ever haye to pay for info that's already freely available online..

Yes but psychology goes hand in hand with strategy. If you know you have a winning strategy with high profit %'s with low drawdowns but high profit potentials, then all you have to do is implement it in your trading and the psychology would take care of itself because everything will be on autopilot. You wouldn't even be looking at your screen except to make sure that you are still connected to the platform and your strategy is running from time to time.

This is probably the reason why the majority of the traders puts so much emphasize on strategies i.e. "reverses" the components is not because we don't want to take care of the psychology or emotional part of the trading it's because we know we can't so we are trying to come up with a way so that we won't have to that the strategy will take care of the psychology for us.

And this is unfortunately what those "online courses" prey on when trying to suck us in to buy their courses or strategies or whatever is this promise that their strategy or course will take care of the trading for us, will manage the psychology for us. Instead of us going through the learning curves and paying for it anyway in our losses, we can pay them to get their proven, magical strategy and be on our way to profits and they promise that their fees is lot less than the losses that we will suffer if we don't take their courses or buy their strategies. It's just unbeknownst to beginner trader that after paying a hefty fee to those courses and/or strategies, you will STILL have to go through the learning curves and incur losses; it's just that you are several thousand dollars or whatever the course/strategy fee cost poorer.

Hello! Guys. I am new with Forex. I think the best way for beginners is to look for free Forex ebooks and make self study about it. He/She can also ask questions in forums. In our generation all information could be found in Internet. By the way, how can we tell if stuff is fake?

everything you need can be found online for free, ebooks are downloadable, free online videos on youtube, threads in forums, even brokers such as hotforex offer free webinars, why woud you pay? thoughs who cant trade TEACH! rying to make a buck out of teaching when they are not that good at trading. big no no

You have a point jiggz. Does the hotforex offers free training or free semninar?

The graphic, which I didn't make, was meant as a generalization. A way of making a point I learned the hard way on my path to becoming consistently profitable.


I agree completely with your post Hanover. But in order for the beginner to master all of the base items, he/she needs the discipline and commitment to do so.

You're right in many cases, and that's a good point, but most that teach, trade also.
At least that's what I've seen.

It's a kind of rule of thumb for brokers to offer educational programs for newbie traders. Regarding Hotforex you can check this link https://www.hotforex.com/en/forex-ed...education.html
Cheers!

Free seminar or webinar is really popular with many brokers but free training sounds weird, I meant it's not common to have trained by a broker without cost.

Exactly, this is the sad truth but not only for traders but for everyone. We care more about our belongings that is why you take a good care for them and try not to lose it !

Those that preach that one shouldn't pay for courses cause information is free are missing one point.
It's not about information it's about application of it. Everyone who ever read about any trading book or read about any article already knows what a trader should and should not do. But obviously majority of market participants just don't do what they should, what they read, what they even tell others to do. Why? Cause they just can't apply it for whatever reason. Basically that they don't understand themselves.

That is where paying for a great mentor can actually save you both time & money. Don't believe that?
Would you rather buy home study foreign language course/book or pay a lecturer to actually teach you? The cost of the former would be just fraction of the later but what would you actually learn? Majority wouldn't learn much..

So do you actually wanna be a great trader or do you wanna just save couple bucks? I was into saving money for a long time, after all "I couldn't afford" to pay for some mentoring..and I can tell you that doing it on my own actually cost me years of my time, plenty of energy and plenty of money.

There's of course a question of how to actually find a great mentor. But ultimatelly it's up to everyone. Over time I went through quite a lot of courses, some were good, some weren't. Some mentors were good, some mentors weren't.

But anything I went through gave me something at the end.But only when I started to look for what I could actually learn even from the worst choices.

With that approach, you can't ever buy a bad course. Ultimatelly you always win! Cause you either win, or learn and win next time more/easier.

So what you are paying for with good mentor isn't the information but the sharing of ones experience applied to you, where good mentor can and should show you how to actually apply that for you in a profitable way!

Yes, information is free..but hey, there's also bunch of crap all over the place. Whether newbie or not, do you know what actually matters and what doesn't? Can you trust the source of these "free" informations? Can you apply the information profitably?

It can be very long route, do you really wanna reinvent the wheel? Or do you actually value your time and energy more then money invested into quality course & mentor? There's no right or wrong choice.

With so many resources and courses available on-line for free, it makes my mind blow why some people still pay for coures? Do they really expect to learn something new or a method which would guarantee them money? LOL

I'm still a beginner and I'm not sure I agree on "not paying for a beginner course" because as a beginner myself you don't know what you don't know.
When you learn from all these free sources, its like learning bits and pieces from everywhere. To make it worse, as a beginner I don't even know which bits and pieces are applicable to me in actually making a profit.

We don't have any foundation in what we are actually learning. Anything we learn is just like throwing things against the wall and hope it sticks.

I believe with a good mentor and by using his experience, he will be able to join those pieces for you and provide you with decent training and foundation.
After that its up to you to find the information you know and improve from there.

That's just how I think eventhough I'm still a beginner and still figuring things out.

Maybe because if you pay it become more valuable for you comparing to information for free, or more reliable. It's something about human psycology.

I paid for a beginners course and I do not regret it. I am not profitable yet, but I learned a lot about the basics (money management, risk, position sizing, using different tools and so on).
Of course, I could have learned that by myself as well for free, but it would have taken much longer. On the other hand, I would never pay for one of the trading courses that cost a couple of thousand $$$...but for newbies like me, I think a good beginners course can help a lot to shorten the learning curve at least a bit.

Rex

Totally agree... it's human psychology to think that paid stuff is better than free.
There're plenty of resources about trading available for free but it's up to individuals to decide.
I have a friend who wanted to pay over £2,000 for forex trading course... and I told him that it was insane as if they were to teach you something out of this world then they wouldn't be sharing it with him but BANK HARD THEMSELVES.