Distinguishing characteristics of a forex trainer and trader | Forex Factory

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Distinguishing characteristics of a forex trainer and trader

  • #1
  • First Post: Jan 27, 2010 7:39am Jan 27, 2010 7:39am
Was wondering what the differences are between the both? Can a trainer/instructor be also a full fledged trader? As there are enormous quantities of time experienced in the course production and mentoring aspects of teaching that involve responsibilities over and above actual trading. Does the dual role actually present a conflict of interest in the position?

Is it then possible for a good trader to not be a valuable or effective instructor and vice versa?

Thanks for any input and good investing!
  • #2
  • Jan 27, 2010 8:04am Jan 27, 2010 8:04am
Your question implies that you have already thought this through.

I suppose you would have to be wary of the old adage "Those who can, do. Those who can't, teach."

By the way, I answer here occasionally when I'm waiting for a set up.
Gone to a better place
  • #3
  • Jan 27, 2010 9:01am Jan 27, 2010 9:01am
That is a really insightful response and one I'm going to really measure in the light of looking at both sides of the spectrum and thanks very much. Will also consult other postings you can offer me. Thanks again!
  • #4
  • Jan 27, 2010 9:16am Jan 27, 2010 9:16am
I would say it's definitely possible for a good teacher to be a poor trader, if he has a lot of solid fundamental understanding of the market, technical analysis, etc. and he has a temperament suited to effective teaching, but does not have a temperament suited to trading. The two are not the same.

Likewise, a good trader may in fact be a very poor teacher. Knowing how to do something and having the ability to do it well is very different from being able to impart that knowledge effectively to students in a way that is understandable and inspiring.

Being a trader is a profession, and being a teacher is a profession, but they require completely different skill sets.
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  • #5
  • Jan 27, 2010 9:21am Jan 27, 2010 9:21am
Quoting DennisTM
I would say it's definitely possible for a good teacher to be a poor trader, if he has a lot of solid fundamental understanding of the market, technical analysis, etc. and he has a temperament suited to effective teaching, but does not have a temperament suited to trading....
Good post Dennis. I was thinking about adding on similar lines. I think it was in the James 16 thread in the commercial section I read "Give a good set up to two traders and one will make a loss and the other will make a profit". A teacher can see a good set up but not necessarily trade it well. Likewise a trader might not easily be able to explain the reason for getting out of a trade.
Gone to a better place
  • #6
  • Jan 27, 2010 3:40pm Jan 27, 2010 3:40pm
I heard mention made that live traders who have students view their activity while in the live mode can better explain and assess the market to onlookers before the event occurs compared to a completed chart that offers hindsight explanation and be the basis for instruction. I guess seeing after the fact can be beneficial for explanatory purposes to some students while others need the cutting edge of the market action. I notice that more courses cater to after the fact instruction then live action evaluation, not to mention the great quantity of time absorbed in the live action performance. All of your comments have great merit and is helping me balance out my view of instruction.
Good investing!
  • #7
  • Jan 27, 2010 4:18pm Jan 27, 2010 4:18pm
Quoting avidstudent
Was wondering what the differences are between the both? Can a trainer/instructor be also a full fledged trader? As there are enormous quantities of time experienced in the course production and mentoring aspects of teaching that involve responsibilities over and above actual trading. Does the dual role actually present a conflict of interest in the position?

Is it then possible for a good trader to not be a valuable or effective instructor and vice versa?

Thanks for any input and good investing!
My question is this, "how would you be an effective teacher if you haven't yet learned how to be successful in the business yourself?" I don't think it's possible to be a great teacher and not have the knowledge necessary at the same time. It's possible to be a teacher, yes, but not a great one.

The differences in a great teacher and a teacher are undeniable. A great teacher will enable their students to accomplish their goals, whereas a teacher just "gets through".

If you don't own the specialized knowledge needed then you will be a mediocre teacher, just as you'd be a mediocre trader without.
I dream, therefore I become.
  • #8
  • Last Post: Jan 31, 2010 1:35pm Jan 31, 2010 1:35pm
Quoting mike w
My question is this
Good post. This is the problem for the rookie trader. places like this provide a free education. The skill is sorting the wheat from the chaff.
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