There are different ways to learn the trade. Some methods are relatively cheap, others are seemingly expensive. Some methods are convenient and flexible, while others require a considerable amount of time.
Initial traders often choose a method of trading instruction based on the wrong criteria, and they may choose an ineffective method or, worse, a method that does more harm to their trade than good.
Methods of trading instruction
The following methods of trading instruction are the most popular types of trading learning. Each method is discussed in detail, along with its advantages and disadvantages and who it is best suited to.
- Trading Books – Learning trading books is perhaps the most popular way to handle instructions, but is it an effective method or a cheap and inefficient distraction? Yes without a doubt as these books are thoroughly researched and have most authentic data and studies. Many of them are decades old and has knowledge of a lifetime.
- Trade Seminars – Trade seminars can be one of the most expensive methods of trading lessons, but are they worth the cost, or are they an expensive way to meet other beginning traders? Maybe to some extends its a better way of learning as the speaker in such seminars is a experienced guy who has all the expertise required to guide others
- Online Courses – Online trading courses are one of the most convenient ways to learn trading, but are they also an efficient method for trading instructions? Maybe not. As they are mostly free of cost and there is a great chance that the publisher has only put them up on his website to gain ads and ratings.
- Trading Instruction and Mentoring – Individual trading instruction and mentoring can be one of the most expensive ways to learn trading, but is it most likely to achieve a successful trading career? Perhaps the best approach for learning trade. Nothing can replace the expertise of a real life mentor who transmits his expertise to novice traders with practical examples.
Trading without learning trading
There is an alternative way to become a successful trader who does not need trading instructions at all (except perhaps the basics of trading). Professional analysis and trading services are designed to enable less experienced traders to benefit from the analysis and trading proposals of a professional trader.
Professional trading services also include money management, where non-traders (i.e. investors) trade their money professionally.
Professional Analysis and Trading Services – Analysis and trading services such as daily market analysis, live trading proposals and professional trading (where your money is traded for you) are an alternative to trading learning.