Table of contents:
First of all I would like to be completely transparent at this point, of course. Since we offer trading training ourselves, I am naturally a little biased, but in the following I will try to assess and explain it as objectively as possible. For this I try to give examples from the normal professional world in order to create a certain comparability. It is always important to us to discuss facts and not to get rid of loose marketing phrases. So: Let’s go.
Can trading actually be “learned” at all?
If the answer to this question were “no”, trading training per se would make no sense. Trading is a skill that can be learned. There are many studies that have provided the research basis for my master thesis. (You can find the essential findings here)
It was also clearly proven that trading is directly related to Emotional Intelligence. That is why it is so important that we really understand our emotions in trading. Why do we think something has “value”? Why are we angry when a trade does not work? False expectations and wrong thinking are the main causes in this context.
So if trading can actually be learned, we have to ask ourselves why so few people make it.
Is it because of the fact that most training is simply inadequate or because it is simply so difficult?
I would answer it with a mixture of both factors. If you analyze different training methods, you will quickly realize that often strategies are taught that work for the coach. But if you look at the subject matter in depth, you will find that trading has a lot to do with personality. It is always our money that we lose. Therefore we have to be 100% behind what we trade. So if we simply follow a strategy of a coach, because it is successful, this will not lead to success for ourselves.
When have you been successful in your life so far? Only when you were 100% behind an idea and knew that it was your “baby”, right?
It’s the same in trading!
How should a good trading education be structured?
Successful strategies are good as a template, if you can make them your own!
This means that the actual training should include how to make an existing concept your own!
This is exactly our approach. Learn concepts that work. But more importantly, we teach you how to test the profitability of these strategies for yourself personally, how to adapt them to your personality and your everyday life to avoid the identity conflict.
Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for life. – Confucius
In every training course you learn to be independent. An apprenticeship takes time.
It is so amazing (and frightening) to see that many providers advertise with quick wealth and a simple solution. This is what we all want to hear. One year. One million. Awesome! Why didn’t I know this before. Me dope.
Again, emotional intelligence comes into play. We always have two sides. The emotional “I” and the rational “I”. Rationally, we all know this can’t work!
We know it!. A surgeon can’t just read a book and then operate.
The emotional “I” finds the idea of achieving a lot quickly, but too interesting.
“What if?” – “Maybe it will work after all?”
This is the reason why trading education has a bad reputation!
The process is neglected and quick success is promised.
Is a trading education necessary now?
After we have clarified that trading can really be learned and that there are indeed “better” trainings, the question still arises whether one should consider a training.
So let’s just discuss different aspects.
There is a lot of free information on the Internet. We also have over 500 free videos on YouTube to support the trading community. If you are a very good learner and very systematic, you have the possibility to achieve a lot with all this information.
From my point of view, there are four things that have to be considered negatively in any case.
This autodidactic approach takes a very long time. I’m speaking from experience here. I myself didn’t think that I needed any training. Accepting help was not my strong point then.
(The more I opened up here, the bigger and faster came jumps in my career).
Time is money. Just because of the fact that our time is very valuable, it makes sense to get a certain boost and acquire knowledge faster. This is a skill that the really successful personalities understand. Courses, seminars etc. are seen by these personalities as a true investment in themselves. Something that takes them one step further towards their final goal.
But we could also define time a little differently.
Time also means: persevere. How likely is it that you will hold out alone until you make it? There is also a study that shows that most people are more likely to drop out with increasing time in trading. The first painful phases on the stock market should therefore be overcome as quickly as possible. This speaks for training.
You want to build up a trading business as a trader. Achieve a lot on your own. This only works if you understand what you are doing. Again, it is a good idea to learn from people who have already achieved what your goal is. In the best case, you will be able to access knowledge that others have built up over the years in the shortest possible time! Through the knowledge advantage of the coach, he will inform you about new changes in the respective niches, if necessary. What if the increasing technological means change trading? Your coach will be prepared in the best case.
Persistence was what drove me when I wanted to give up. This is one of the most important skills we can have. If you want to learn on your own and really persevere, you can achieve anything! It may take 15 years, but you’ll find out eventually.
The only question is how likely this seems. This is the beautiful thing about sports. In a team you have a common goal. If one person has a bad day, another person will help you.
We pull together. Our students exchange information daily in the chat room, which they have access to in addition to their training. Fears, progress and successes can be shared here with like-minded people. It is not just a hobby. Traders are great people who take a conscious risk to achieve more for themselves and their families / friends. With this pride we should also work together.
Yes. Education costs money. But how much does it cost if you act alone without a plan and lose your fortune? In addition to the actual capital, we may also lose our mental capital. A review of my first trading year as a student gives a small comparison here. I lost over 1600€ and 1 year time. Instead I could have invested the sum in an education and at the end of the year I could have made my first profits.
Let us note: trading can be learned. A trading education is not necessarily necessary, but it does give you a certain advantage, taking into account various aspects, which you should definitely make use of.
Then make sure that you learn the process and don’t run after a simple solution that doesn’t exist.
A trading education is like a management consultancy.
Your company is your trading. So you get advice on how to make better use of your processes, strategies and strengths. Trust between coach and student is another aspect that is very important in my opinion.
For this reason we offer a 14-day money-back guarantee for all courses. If you are not satisfied with our courses, you will be refunded the full cost within this period and can finish the training. This is a fair way to see if the trust and quality is right.