education from amateurs, learners & failed traders (blind leading the blind)

Successful traders are non existent on forums, so most of the education on forums is by the blind leading the leading.Most traders who get educated on forums from amateurs usually fail.

Show everybody, you are a successful trader on forums.All the nonsense amateur education will need to be unlearned.

 

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Most traders fail because they taught by failures and misled.All amateur education will ensure failure.

According to cognitive therapists, that is exactly what happens. In the heat of trading, we shift our mind states, activating automatic thought patterns that can sabotage the best-laid trading plans. The goal of cognitive therapy is to identify these thinking patterns, intercept them, and replace them with more constructive alternatives. In this article, I will review the basics of this approach and explain how traders can become their own cognitive therapists.

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My friend Peter just blew his account.

After spending $15,000 on Forex courses, $10,000 on coaching, and losing $5,000 to a scam broker – he is ready to call it quits.
 
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most successful traders on forums suffer from Dunning-Kruger effect . They are all amateurs learning from other amateurs.

The Dunning-Kruger effect is a type of cognitive bias in which people believe that they are smarter and more capable than they really are. Essentially, low ability people do not possess the skills needed to recognize their own incompetence.

 
Trading education scammers 99.99% of industry.

All trading education mentors ,gurus ,educators,teachers and advisers , who don't teach trading psychology are scammers.This is because psychology is 100 % of success ,they know psychology is most important in trading, this is why they lose .This is why the education scammers don't trade , they fail with their mindsets , they only teach technical systems through books and courses.

scammers teach ,they try to debunk trading psychology with rebuttals.They don't want new traders to know , that without psychology/mental skills , the new trader will fail due to psychology of our brain , educators promote this misinformation to new traders.

http://forum-mentors.blogspot.com/2017/10/trading-education-scammers-999-of.html
 

Ulacan

Trader
Feb 21, 2019
91
9
14
You really should concentrate only on that thing you really know about and forget about all that teachers anyway. Something should really be done out there to prevent whole damn scamming right and left with useless rehashed info about anything.
 
You really should concentrate only on that thing you really know about and forget about all that teachers anyway. Something should really be done out there to prevent ... [spam offtopic words were deleted by moderator] ... right and left with useless rehashed info about anything.


Agreed .

Here moderators delete content ... [spam offtopic words were deleted by moderator] ... to support , what you trying to avoid. The posters are mainly pretenders moderators in disguise.

https://www.mql5.com/en/forum/258814