Avoid Trading Schools

Typical stories of how people are now living their life after completing the course. Such as waking up in the morning and placing one trade, and then spending the rest of the day with their family and kids. I have met many people who bought these products, but haven’t met anyone who has successfully used them.

The trading education industry is rife with hucksters, scammers, hype, false promises and delusion. Those who earn their income solely from selling products and services.

Most of those basically sell an idea, rather than performance. If you can’t do, then teach. Seminars are set up to feed off the emotions of those who either desperate, looking to make a quick buck with the least of time invested (shortcuts), the lazy, people looking for the holy grail and people with little to no knowledge.  There is a plethora of trading seminar frauds.

https://www.sec.gov/investor/alerts/tradingseminars.htm

 

Trading is one of the hardest jobs out there because most don’t have control of their emotions when it comes to putting their money on the line. Most of us are risk averse because risk means discomfort and pain. We try to avoid it as much as possible.


trading schools are great for giving you the fundamentals of trading and learning about how the market works.

The majority of what these schools teach you is readily available on the internet and books.

Save yourself a couple thousand dollars by self education. Trading education is life long, it doesn’t stop after you take a course and you are on your merry way to big returns. Markets are constantly changing, evolving. Trading a strategy based on how difficult it is requires lot of research, homework and back-testing on your own. Then there is the psychology aspect of how you deal with money and losses. Then there is a the discipline to be able to do it consistently. Reality is most just don’t want to do the work or don’t have the time and want things handed to them on a silver platter.

 

Comments

  1. Kapri May 19, 2017 at 2:51 am

    Interesting blog! Is your theme custom made or did you download it from somewhere? A theme like yours with a few simple adstjtemenus would really make my blog stand out. Please let me know where you got your theme. Thanks a lot

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