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Karani

Why self-training is a bad idea for beginner traders

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Self Forex training is good but it should be combined with consultations from experts or mentors for practicals and should not give one the courage to enter the market with real money.

Self Forex training is good but it should be combined with consultations from experts or mentors for practicals and should not give one the courage to enter the market with real money.

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On 1/21/2020 at 2:24 PM, Karani said:

For starters, there’s too much information about trading online. A beginner may find it hard to know what is relevant. Self-training also exposes you to frauds. Because of their their experience, tutors can identify genuine products and spot scams.

There are so many well-known analysts who can pursue their free and paid lessons and courses for training and learning all about analysis and should stay away from fraudsters who nobody knows.

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7 hours ago, DoboniAyuuii said:

A friend of mine told me that an expert told him to pay over $500 for just to learn trading,  but nobody taught me how to trade and I have know 60% about trading now, tho is the third month that I am learning it, strictly articles not videos and I later see nothing bad about trading. I am so patient to start and I started with $400. I lost $50 but I am better and more confidence because I do it patiently. And I am very sure that I will gain back my money because I have know my mistakes. 

So, learning about trading is difficult but you can do it alone if you determined. 

There are a lot of useful articles, videos and tutorials on trading available online for free. I have never resorted to paid lessons but have continued to learn and read and ask experts about everything related to trading.

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On 1/21/2020 at 3:54 PM, Karani said:

For starters, there’s too much information about trading online. A beginner may find it hard to know what is relevant. Self-training also exposes you to frauds. Because of their their experience, tutors can identify genuine products and spot scams.

Self training is the best way to learn about trading so I don't agree with that, many of the best trader did not have anyone teaching them how to trade, but they started to learn to trade from a young age by reading books like technical analysis of the financial market by John Murphy which is the best book you can find in my opinion, you don't have to learn from Youtube videos how to trade because most of them after your money and don't care about your future in trading anyway. 

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Before you make a trade make sure that you have fully equip yourself about trading. And you can learn it from modules, articles and professional traders. Because believe that self training is not enough you should learn from other sources that will help you to gain more about trading, 

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Lazy is the enemy for self learning. There are many beginners who likes to learn themselves at home and they start very good with a lot of power, but after a week or two weeks they will start to be lazy and later stops completely. But you can learn by yourself from youtube tutorials and after a time you will be able to trade just like other traders.


Time is the ultimate weapon!

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I don't have a good idea about trading in forex but I understand from your post that there is aself trading and there is social trading or not??

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It depends, like me, when I started to trade, I have learned a lot and I started alone because of the high fee tutors are demanding. I am better daily, if someone can take time to read all about trading and also applying patience, the person will become a good trader without any trainer. 

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8 hours ago, DoboniAyuuii said:

@issa123h next time, mention the person you are asking question or quote the person's post. 

Yes, there can be self trading but some people need trainers or tutor because they can not grab things easily. But for someone like me, it took me only four months to learn and I did it all without any tutor. 

There are social media trainers, but it is risky because you do not know the person, the demand for money or bitcoin, you can be scammed. It is good to get a tutor you see physically and still be careful. 

Thank you for your viewing ofcourse my question is to the writer 

Of the posts about its post and this doesn't need any quote

Because my question is clear

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In my opinion, self training not a bad idea, its only take longer time to learn.

Good quality forex classes/seminar/webinar is usually very very expensive, not everyone can afford it.

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On 2/10/2020 at 13:42, dr4ch3 said:

En mi opinión, el autoentrenamiento no es una mala idea, solo se necesita más tiempo para aprender.

Las clases / seminarios / seminarios web de forex de buena calidad suelen ser muy, muy costosos, y no todos pueden permitírselo.

Self-training takes a long time, it is true that many people cannot afford a course, but there are courses that are too good that cost between $ 200 and $ 400, it is better to have a mentor than to learn on your own
 

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I agree with you. It is better not to learn from your own mistakes, because they are very tragic. You'll probably lose a lot of money. Therefore, you should find a teacher and pay him for your education. This is the easiest and fastest way to start earning money. Dare.

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I believe that is not too bad idea however they need to star with a small account sometime the only way to learn in forex market is losing money, so there are many people that had fear with open a new trade you need to be sure about any trade you made, in forex you can earn and you can win but if you dont like to lose nothing probably you never learn how to trade, I crashed many account before to learn how to take a good trade on the market this way you will create experience. There are many people that pass year on demo I believe that you need to feel the pain when you lost a trade and feel the happiest when you earn money from my point of view.

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Self training is a bad idea for a beginners because it is necessary to get complete knowledge about any kind of trading whether it is forex or crypto. When a person tries to learn all these things by himself, then he is not able to learn it completely even when he leaves something missing. But when a person is to learn something from an expert, he tries to learn everything and there is no shortage. And in this way, when a person learns anything from the experts, then he learns it very well and he performs it in the same way as well. A person cannot learn as much from self training as he can from an expert. 


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To have self training is not bad but it will take long time to master simple things that can be taught in a short time also it will comprises with several mistakes in doing business so it's better to find someone who is better in knowing the trade market to make things simple and understood.

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I do not recommend that you train on your own. You should find a good source for learning and learn things from it in a correct way. There are many educational videos on YouTube. 

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Self-learning is not difficult, but good channels to learn from to avoid making mistakes.
Learning and training should not be pursued randomly on the Internet and from anyone providing an educational course.
There is an important point that self-learning may take longer than learning through lectures and follow-up.

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For beginners is not good idea for doing self training for trading, because by doing that they will be missing very basics concepts to start in trading. 

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Yeah, for newbies it is difficult because they have no sufficient knowledge. And they can be scam ny scammers or they can be fraud. So always find some help by experience man. And then start your own training and trading.

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 Self training is not wrong for any other business. The experience is very important for that, without experience, a person is doing harm, so if you are doing your hard work and working with heart, then self training is the best for any business. 

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whenever you take a start in any field you need to know a lot of things and when you are new and you are learning by yourself these things can't be learnt by yourself easily that is why you need a teacher to teach you so you cannot do that by yourself easily

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Self-education is good to that extent, so the best thing to do is to follow the right people and have a mentor. A mentor that has the results that you want and to be able to see where they can give you the best education or maybe the most appropriate education with respect to the market that you want to develop yourself in. Basically people think that this is very easy, maybe it is not difficult but it does take a lot of discipline and patience.

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On 1/24/2021 at 8:25 PM, UbaidurRehman said:

Self trading is bad idea for new traders because new traders want to become rich in days and trading in forex can make us rich but for new trader it can bring us to lose our equity l.

But people we are different in our minds, because for example me I always understand something mostly of time when I'm doing self training with practices than got learned from someone.


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Being self-taught in trading from the beginning is the easy way to lose all your money. Most people who want to get started in trading by learning on their own start by watching videos on youtube which most of the time is not a good strategy. The best thing to do is to pay for education.

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But it is not a bad idea if it is the only option, self training is what i have been doing my own life, when there is no other way to get education self reading books documentation or tutorial videos is as good.

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