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Can trading be self-taught?

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  • Post #21
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  • Jun 28, 2023 8:49am Jun 28, 2023 8:49am
  •  TNTvak
  • | Joined Jun 2023 | Status: Member | 37 Posts
Yes, trading can be self-taught through educational resources, online courses, books, and practice.
 
 
  • Post #22
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  • Jun 29, 2023 4:53am Jun 29, 2023 4:53am
  •  Mertens
  • | Joined Nov 2016 | Status: Member | 167 Posts
It requires dedication, skill development, and continuous learning. Factors such as prior experience, knowledge, strategy, and adaptability to market conditions impact the timeline. Risk management, practice, and learning from experienced traders are essential. Managing risks, setting realistic expectations, and maintaining emotional discipline

I think this is not a quick path )
 
 
  • Post #23
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  • Jun 29, 2023 7:40am Jun 29, 2023 7:40am
  •  pizd0s
  • | Joined Dec 2021 | Status: Member | 227 Posts
You can learn how to trade however profitable trading is much harder. Also it is extremely difficult to make profitable trading system and verify that profitable trades really comes from the trading edge, not from pure luck.
 
 
  • Post #24
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  • Aug 11, 2023 12:58pm Aug 11, 2023 12:58pm
  •  LiveTrading
  • | Joined Jul 2023 | Status: Junior Member | 5 Posts
The market is the best teacher, so yes.
You have to mitigate risk of ruin tho, to survive long enought to learn.
TheLiveTradingChannel
 
 
  • Post #25
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  • Aug 12, 2023 12:09am Aug 12, 2023 12:09am
  •  Sovy
  • | Joined Jan 2023 | Status: Member | 634 Posts
Yes, if you can learn to play a pc game, you can learn trading.
Trading is gambling. So gamble responsibly.
 
 
  • Post #26
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  • Aug 13, 2023 1:02pm Aug 13, 2023 1:02pm
  •  pizd0s
  • | Joined Dec 2021 | Status: Member | 227 Posts
I think this is the only path nobody will tell you the clear instructions how to make profit because it they can make money themselves. But I would recommend to study some forum threads to pick ideas that can be used as underlying principle of the trading system you will build at least this is approach I use.
 
 
  • Post #27
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  • Aug 13, 2023 2:17pm Aug 13, 2023 2:17pm
  •  WannabeLedge
  • | Joined Aug 2023 | Status: Junior Member | 7 Posts
Imo trading has to be self-taught. I thought about teaching friends in the beginning of my journey but the longer it goes on the more I realize you have to learn for yourself.
 
 
  • Post #28
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  • Sep 1, 2023 3:40pm Sep 1, 2023 3:40pm
  •  Tygobei
  • | Joined Jul 2020 | Status: Member | 15 Posts
Sure, why not? I presume the choice of the fx pair doesn't really influence the level of your awareness in trading, you can easily become a consisted trader by trading any pair you wish, and even other assets too.
The matter is that there are some exotic pairs which are more difficult to analyze due to their demand lack, and, consequently, low liquidity. I believe they require a bit different approach which rookies aren't aware of.
Still, you just to engulf and digest as much information about trading as you can and practice on whatever asset you wish. There'll be profits and expertise then.
 
 
  • Post #29
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  • Nov 25, 2023 1:28am Nov 25, 2023 1:28am
  •  Vudokus
  • | Joined Mar 2020 | Status: Member | 61 Posts
Trading must be self-taught. There are tons of different learning materials in the net, and other stuff, of course, but at the same time I don't think it's useful to pay attention to "proficient coaches", who are kinda dubious.
If these are tailor-made educational materials like courses, different webinars, seminars then it's only for the better.
And yeah, if you are interested in this pair, you can become a consistent and profitable trader, but it will definitely take a lot of time, be ready to allocate it, like, maybe several months of constant practice.
 
 
  • Post #30
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  • Nov 29, 2023 9:10am Nov 29, 2023 9:10am
  •  boxithecat
  • | New Member | Status: Junior Member | 1 Post
Hi,

I am completely new to forex trading ... I am looking to good quality education material.
There are zillion of videos, companies, courses and the few I have tried were not good.

Pls any advice recommendation on high quality training, event if it is paying?

Thanks
 
 
  • Post #31
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  • Edited 10:26am Nov 30, 2023 10:06am | Edited 10:26am
  •  FXSayWhat
  • Joined Oct 2013 | Status: Pushing beyond the 4th gear. | 1,886 Posts
Quoting Tabary
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Hello like the thread tittle... but in detail is : can I become a consisted profitable trading XAUUSD as a day trader? if so, how long does it take?
Ignored
Anything and everything can be self-taught given the right set of tools. The tools and resources you need to start trading are extremely easy to access in the year 2023.

good luck and have fun.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
Thousand Sunny Return This Year: 1,052.2%
 
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  • Post #32
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  • Last Post: Dec 2, 6:51am (25 hr ago) Dec 2, 6:51am (25 hr ago)
  •  Sovy
  • | Joined Jan 2023 | Status: Member | 634 Posts
Quoting Tabary
Disliked
Hello like the thread tittle... but in detail is : can I become a consisted profitable trading XAUUSD as a day trader? if so, how long does it take?
Ignored
Yes. Depends on how long it takes for you to choose a system where you can stomach not moving your tp and stop loss and also risking very small and not adjusting that too.

If you can do the above where you see your setup, and stick with it, and if you have a 55% winrate. Over time you will make profit.

Thats it really. If you move your tp and stop loss where sl is bigger than before to tp is smaller than before. You are not ready.

You can do this practice, try and err in demo. So you spend nothing but rake up skills.

Quoting boxithecat
Disliked
Hi, I am completely new to forex trading ... I am looking to good quality education material. There are zillion of videos, companies, courses and the few I have tried were not good. Pls any advice recommendation on high quality training, event if it is paying? Thanks
Ignored
Ict silver bullet is good.
Trading is gambling. So gamble responsibly.
 
 
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