Can trading be self-taught?

Forex is very hard to do and as a newbie we can learn free but paid membership is also required to enhance your learning experience.

Yes, trading can be self-taught, but it requires dedication, discipline, and a willingness to learn. With the abundance of resources available online, such as books, tutorials, forums, and simulation platforms, aspiring traders can educate themselves on market analysis, strategies, risk management, and more. However, self-teaching also carries risks, as novice traders may encounter misinformation or develop bad habits without proper guidance. It's crucial for self-taught traders to continually evaluate and refine their skills, seek feedback from experienced traders, and stay updated on market trends to enhance their chances of success in the dynamic world of trading.

As a novice trader, you should communicate with friends more often and learn their ideas and some good habits, which is crucial for you to be able to trade well.

Becoming a consistently profitable day trader in XAUUSD requires education, risk management, and discipline. Learn market dynamics, develop a trading plan, and practice strategies on demo accounts. Implement strict risk management to protect capital. Stay updated on economic indicators and geopolitical events affecting gold prices. Cultivate psychological discipline to stick to your plan and avoid emotional decisions. Achieving consistent profitability varies for each trader, taking months to years of dedication. Regularly review performance, learn from mistakes, and adapt strategies accordingly. Consider joining trading communities for support and mentorship. Success hinges on continuous learning, patience, and disciplined execution.

Trading itself is a relatively easy since it involves buying and selling action, setting stop and profit targets, choosing leverage etc. However exploring nuances of price analysis and prediction is harder and is getting harder every day because of a competition.

There are books on emotional control

Absolutely it can be self taught, but each person is different and the learning time will be different so you cant put a timeline on this being accomplished.

Of course, but you will need a lot of patience. Make use of free educational material also, there's so much out there!

Yes.

Yes.

Yes, trading can be self-taught through many resources

Yes. There are many resources to learn trading like youtube, discord, reddit, etc.

Hi, of course it can be! just takes time, dedication and resilience. if your an intelligent person or a person who can notice/spot patterns fx trading will become easier. The markets are made up of patterns similar to chess. spotting these patterns takes time and alot of time, wins, losses, testing. ect....
so to answer your quuestion yes

It is possible to self learn and trade by yourself, I believe every single person on this thread is a self taught individual, but in the long run you somewhere to understand a few things that can be taught by an expert only. But all three factors are important to decide the bias. The Fundamental, Economical and Technical Indicators are important to understand.