To Learn vs to Be Taught

[Arya Stark]

Most beginners don't really want to learn how to trade, they want to be taught. Trading is a solitary occupation, that will require you to learn through all your trading career. So if you are unable to start from learning, how are you going to keep up with it? Don't look for "mentors". The only mentors you need are your own common sense and all the info you can get.

 

[OscarR]

Learning and common sense are both key, you need to study and think for yourself to succeed in trading.

 

[rmufti68]

These beginners actually want to get rich right after joining this industry because they got a mindset by looking at five minutes influencers' vidoes of flashy cars are high profile lifestyle. However, the reality is somehow different because forex trading is a very professional market which does not spare any traders' mistakes. So, better downloading a demo account from any reputed broker like hfm, octa, lmfx, xm etc for free and trade it for a minimum of six months before jumping to live trading account.

 

[sakaida1125]

spot on, anyone looking to be spoonfed answers in this game gets washed out fast. trading’s all about banging your head against the wall and testing things yourself instead of buying into some guru's flashy noise. was sorting out my execution costs awhile back and using ffc rebate just to shave off some of that friction, but at the end of the day u gotta learn every hard lesson yourself.

 

[Amadeus.V]

spot on, anyone looking to be spoonfed answers in this game gets washed out fast. trading’s all about banging your head against the wall and testing things yourself instead of buying into some guru's flashy noise. was sorting out my execution costs awhile back and using ffc rebate just to shave off some of that friction, but at the end of the day u gotta learn every hard lesson yourself.

Exactly. You can learn the framework from others, but conviction only comes from testing it yourself. And once you’re trading size, shaving execution costs matters, but only after the strategy has a real edge.