1. I see people keep discussing about joining Trading Courses or Not. Many of them spend half of their life in just deciding that one question. So lets try to understand why it’s so important and how much does your becoming a good profitable trader depends on this one thing?
2. Who is a good trader?
Consistently making money on net basis for 1 -2 year, and of course by trading and not coaching. This is our goal because majority here loose money. If you can do that it means you have achieved it. Kudos….!!
Consistently making money on net basis for 1 -2 year, and of course by trading and not coaching. This is our goal because majority here loose money. If you can do that it means you have achieved it. Kudos….!!
3. How do you become a good trader?
Generally it is by Fundamental OR Technical Analysis (Google for more details). Better to have more knowledge of all aspects but your goal is not to do PHD in the subject but to become a profitable trader. So learning both is very important.
Generally it is by Fundamental OR Technical Analysis (Google for more details). Better to have more knowledge of all aspects but your goal is not to do PHD in the subject but to become a profitable trader. So learning both is very important.
4 What in Fundamental?
It is very vast and many CA’s or MBA’s also don’t understand it correctly. Better to keep it simple. Read and analyze balance sheet and their business. Other aspects learned on regular basis through regular reading. Hence few Fundamental Trainers.
It is very vast and many CA’s or MBA’s also don’t understand it correctly. Better to keep it simple. Read and analyze balance sheet and their business. Other aspects learned on regular basis through regular reading. Hence few Fundamental Trainers.
5. What in Technical?
Believes everything is captured in the price and hence Chart covers everything. So You should be able to read and analyse charts. Believe me this comes only with experience. From hereon we will more focus on Technical Analysis.
Believes everything is captured in the price and hence Chart covers everything. So You should be able to read and analyse charts. Believe me this comes only with experience. From hereon we will more focus on Technical Analysis.
6. What do they teach New?
What used to work 100 years ago, is working today and is going to work 100 years from now. What changed is technology, speed, and other trading tools. Trading psychology is still the same. It is only Price, Volume, Open Interest and Time Analysis.
What used to work 100 years ago, is working today and is going to work 100 years from now. What changed is technology, speed, and other trading tools. Trading psychology is still the same. It is only Price, Volume, Open Interest and Time Analysis.
7. Information Source?
Today content is free. Everything is available on Internet or in books. Pickup any successful Investor or Trader all time bestselling book and you are done. No need to pay fees just for the content.
Today content is free. Everything is available on Internet or in books. Pickup any successful Investor or Trader all time bestselling book and you are done. No need to pay fees just for the content.
8. Why Read books?
Before start trading or joining course it is important to read couple of books of your interest. This is also a good test, if you can’t just read couple of books then trading is not for you. Do not waste your time, money and energy.
Before start trading or joining course it is important to read couple of books of your interest. This is also a good test, if you can’t just read couple of books then trading is not for you. Do not waste your time, money and energy.
9. What do they teach?
With their years of experience what they do is compile all the information in a brief form which is available in many books (remember I said there is nothing new in trading world) and gives you an opportunity to ask your doubts.
With their years of experience what they do is compile all the information in a brief form which is available in many books (remember I said there is nothing new in trading world) and gives you an opportunity to ask your doubts.
10. Any magic formula or strategy?
If you are joining for any holly grail of trading then you are just wasting your money. If there would have been any such thing then definitely they wouldn’t have been sharing it with you.
If you are joining for any holly grail of trading then you are just wasting your money. If there would have been any such thing then definitely they wouldn’t have been sharing it with you.
11. Why Trading Courses?
Any one who wants to be a good trader and cant spend time on reading books, then it’s the next logical and best solution to learn things. But my first choice is still a self learning. What you are paying is for your laziness and not any magic formula.
Any one who wants to be a good trader and cant spend time on reading books, then it’s the next logical and best solution to learn things. But my first choice is still a self learning. What you are paying is for your laziness and not any magic formula.
12. Which Trainer to choose?
Just like there is no best Car, there is no best trainer. If you can afford then go for popular trainers like AG, SS, SM or many others. I suggest them only for those with 5-10 lakh or more capital, and their time is more important then money.
Just like there is no best Car, there is no best trainer. If you can afford then go for popular trainers like AG, SS, SM or many others. I suggest them only for those with 5-10 lakh or more capital, and their time is more important then money.
13. Small trader < 5 lakh capital trainer?
Who spent +10 years in market trading and you can find out he became successful trading this period. If you have any such Friend or Relative and ready to teach you free then it’s the best. Otherwise there are many paid trainers.
Who spent +10 years in market trading and you can find out he became successful trading this period. If you have any such Friend or Relative and ready to teach you free then it’s the best. Otherwise there are many paid trainers.
14. What after Training?
Most beginners get excited after training, thinking they found magic formula and very soon realize after loosing money that there is more to learn. Experienced who read couple of books before realizes that there was nothing new being taught to them.
Most beginners get excited after training, thinking they found magic formula and very soon realize after loosing money that there is more to learn. Experienced who read couple of books before realizes that there was nothing new being taught to them.
15. What’s the secret of success in trading?
Discipline – Risk and Money Management – Consistency – Passion for Trading. And not any strategy. Knowing less and mastering it works. There are 100s of strategy freely available. You don’t need to know all of them. But master 1 or 2
Discipline – Risk and Money Management – Consistency – Passion for Trading. And not any strategy. Knowing less and mastering it works. There are 100s of strategy freely available. You don’t need to know all of them. But master 1 or 2
16. How much should you spend on training?
Its important to know for beginners running on a tighter budget with less capital. I think there are good trainers available charging 5000 to 15000 for training everything. But remember its not everything. Its just a beginning.
Its important to know for beginners running on a tighter budget with less capital. I think there are good trainers available charging 5000 to 15000 for training everything. But remember its not everything. Its just a beginning.
17. Trainer you should not join?
Less than 10 years of experience
Charging separately for different course and not teaching you all aspects in single course
Who says his success ratio > 75%.
Who says you can become next RJ or convert few lakhs to crores in very short time.
Less than 10 years of experience
Charging separately for different course and not teaching you all aspects in single course
Who says his success ratio > 75%.
Who says you can become next RJ or convert few lakhs to crores in very short time.
18. Am I a Trainer?
No, I do not run any coaching institute, don’t have +10years trading success, and not interested to start any coaching institute.
End of Thread.
No, I do not run any coaching institute, don’t have +10years trading success, and not interested to start any coaching institute.
End of Thread.
