0LLack of education among private traders leads to what the statistics show – 98% of newcomers to the stock market inevitably lose their capital. Could it seem so? After all, various training courses and private lessons are widely available on the Internet. Everywhere you go, there are advertisements of various gurus who promise to teach you how to earn money in just 1 day or an hour.
So why does he only earn 2%? Because most of these gurus and the course makers themselves came out of that 98%. Like most of them, they lost their capital and, realizing that they cannot make money on trading due to the lack of education, entered the service area. And now they offer beginners teaching and earn at least a little to cover their losses.
More than that, half of these gurus have never even traded with their own money. The question is: what can such a teacher teach? Nothing! Because he cannot do anything himself, but at least he can speak beautifully. Hence the terrifying statistics.
We have already decided on the need for training in trade – you have to learn, and the more – the better. Let’s take a look at what teaching methods are currently available and check their effectiveness.
1.Self-education.
Self-study is the first and cheapest way to teach. This kind of teaching means that you should go all the way from beginning to end by yourself. The internet is full of a wide variety of trading literature, and anyone can take and write their handbook. It’s quite simple – download trade books and start reading them. However, there are many problems with this method.
- Training workshops.
Another cheapest way to learn today is by attending various seminars and training courses. All investment and trading gurus constantly travel around the cities and hold mass gatherings for like-minded people. In these seminars, as a rule, you can hear stories about how he earns, how much, and how easy it will be for you to earn. Unless of course, you attend other seminars of this lecturer. You understand what I mean, don’t you?
There are of course and some really useful seminars, but as a rule, they are not aimed at teaching beginners but at considering some specific issues. For example, it could be a specific trading strategy seminar where all those present share their experiences of working with that strategy. Sometimes you can get something out of such public meetings. Such seminars are usually organized by brokerage firms for their clients and experienced clients or guest teachers of educational institutions act as speakers.
- Individual teaching.
Of course, we can receive training in the form of teaching courses almost anywhere and anytime. This way of teaching is similar to going to university or school. You turn to your broker and he offers you training on their basis. Almost any stockbroker can provide a basic understanding of how to work in the Forex market. You can also ask a private trader to teach you how to earn money. Some brokers have specialized educational units within their structure that can provide educational services of a different spectrum. I especially replaced the word “knowledge” with “educational services”, but more on that later.
- Tutorials
Online video tutorials are another easy way to learn. In numerous video tutorials, you can find absolutely any information about trading on the stock exchange. There is basic knowledge and more specialized information there. Again, however, it is difficult for beginners to determine which information is useful and which is simply unnecessary. Video tutorials are a very affordable type of training as there are now a huge number of different online resources on which these videos are uploaded. There are training courses and all kinds of analytical materials, and even trade recommendations on when and in which direction to open an offer.
At the end of the tutorials, it is the only way to get your education in a specialized licensed organization if it takes place in another city or country.
- Training in a specialized school.
Without a doubt – this is the most reliable and effective way to learn to work and earn money in the stock market. This is a fairly new trend in the world of trading, and such organizations only became available 2-3 years ago. It is a school that offers upskilling courses in a specific direction.
In this area, the school develops several educational programs that are subject to a compulsory license from the Ministry of Education. The teachers of this school should have appropriate qualifications and specialist education in the scope of the programs implemented.
Such schools provide the most comprehensive range of training in a given field. If we are talking about training in financial markets, then such a school will offer training programs from the ground up to the author’s specialist trading techniques. After completing the training, the subject student passes a qualifying examination to determine the degree of acquaintance with the material.
If the student passes the exam, he or she receives a state certificate. This gives some guarantees that you will be taught, otherwise, you will not be able to pass the exam. Teachers of these institutions often conduct scientific work and publish educational articles and analytical materials, they are frequent and welcome guests at various conferences and seminars. I have been a teacher at one of these institutions for 2 years.
Let’s summarize.
There are many ways to learn how to trade Forex, but most of them are of rather poor quality. If you came to the stock exchange just for a try, try starting yourself. And if you decide to make reading a part of your life, take it seriously – do not self-educate yourself, contact a specialist school with professionals. You will save a lot of time and money, and you are much more likely to get the result you want.
