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Can trading be self-taught?

  • #21
  • Jun 28, 2023 7:49am Jun 28, 2023 7:49am
Yes, trading can be self-taught through educational resources, online courses, books, and practice.
  • #22
  • Jun 29, 2023 3:53am Jun 29, 2023 3:53am
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 )
  • #23
  • Jun 29, 2023 6:40am Jun 29, 2023 6:40am
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.
  • #24
  • Aug 11, 2023 11:58am Aug 11, 2023 11:58am
The market is the best teacher, so yes.
You have to mitigate risk of ruin tho, to survive long enought to learn.
TheLiveTradingChannel
  • #25
  • Aug 11, 2023 11:09pm Aug 11, 2023 11:09pm
Yes, if you can learn to play a pc game, you can learn trading.
Trading is gambling. So gamble responsibly.
  • #26
  • Aug 13, 2023 12:02pm Aug 13, 2023 12:02pm
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.
  • #27
  • Aug 13, 2023 1:17pm Aug 13, 2023 1:17pm
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.
  • #28
  • Sep 1, 2023 2:40pm Sep 1, 2023 2:40pm
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.
  • #29
  • Nov 25, 2023 12:28am Nov 25, 2023 12:28am
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.
  • #30
  • Nov 29, 2023 8:10am Nov 29, 2023 8:10am
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
  • #31
  • Edited 9:26am Nov 30, 2023 9:06am | Edited 9:26am
Quoting Tabary
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?
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.
100 Hits 0 Miss All Time Return: 35.8%
  • #32
  • Dec 2, 2023 5:51am Dec 2, 2023 5:51am
Quoting Tabary
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?
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
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
Ict silver bullet is good.
Trading is gambling. So gamble responsibly.
  • #33
  • Dec 25, 2023 12:53pm Dec 25, 2023 12:53pm
If this guy started when he posted this and is still going he might be getting close by now! (:
  • #34
  • Mar 6, 2024 1:27pm Mar 6, 2024 1:27pm
Question I’m new to trading and need help can yall recommend me some videos to watch I really want to learn trading forex
  • #35
  • Mar 7, 2024 7:39am Mar 7, 2024 7:39am
Quoting LonelyGhost
Question I’m new to trading and need help can yall recommend me some videos to watch I really want to learn trading forex

i think you should get a course where you can learn from scratch.
  • #36
  • Mar 27, 2024 10:37pm Mar 27, 2024 10:37pm
I also just started my trading journey. I think it will definitely help if someone can guide you from the beginning. Pro can show you the mistakes they made before so you don't fall into the same situations. I feel it is also important to be a self-taught trader because people have different goals in terms of trading and they trade different instruments and also have different financial statuses. Some might have 2 jobs and trading is kind of like a side project for them. Some might be a full time trader. So their strategies differ. It is important to know what you are trying to achieve and have a specific game plan.
  • #37
  • Mar 28, 2024 2:58am Mar 28, 2024 2:58am
I can say: "its better to self taught"
10% trading knowledge
45% mind control
45% experience
  • #38
  • Mar 29, 2024 9:15pm Mar 29, 2024 9:15pm
stay disciplined, continually learn from your mistakes, and seek guidance from experienced traders to accelerate your learning curve
  • #39
  • Mar 29, 2024 9:18pm Mar 29, 2024 9:18pm
Quoting NimaParsa
I can say: "its better to self taught" 10% trading knowledge 45% mind control 45% experience
In my opinion, having more knowledge is crucial, outweighing the importance of mind control
  • #40
  • Apr 2, 2024 2:53pm Apr 2, 2024 2:53pm
Quoting ArtStep
{quote} In my opinion, having more knowledge is crucial, outweighing the importance of mind control
So if I would study for years and know the 200 "best" trading books and strategies by heart, but I lose my mind on the moment I place a trade, let it run against me when I should close it and close it when it goes my way and I should let it run... Would I be a profitable trader?

Best luck to you all.


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