The popularity of trading is on the rise. Access to global markets has become easier than ever, and seemingly simple trading strategies are being advertised everywhere. But what happens when you’ve gained some initial experience and your thirst for knowledge is not yet quenched?
In this blog post, we will explore whether a paid trading education is truly necessary and the value that an experienced mentor can bring. Because the path to sustainable trading success requires more than just freely available knowledge.
The myth of free trading knowledge
In the age of the internet, trading knowledge seems to be endlessly available. Countless videos, webinars, seminars, and books are freely accessible. Yet, statistically speaking, an average of 80 % of traders fail month after month. In the long run, it’s even over 90 %. It becomes clear that lack of knowledge cannot be the main reason for the failure of most traders. There must be something else at play.
Trading is not an ordinary activity; it is an art that goes far beyond simply reading the basics. To understand the deeper wisdom and nuanced strategies, an experienced mentor is needed. But how can you recognize a good mentor? First and foremost, they should have a proven track record of successful trading themselves. The mentor’s performance alone is not decisive; what matters is that they practice what they teach. It is also important that the teachings are easy to implement and convey a sense of trust and well-being. Without a comfortable relationship to your mentor, you will learn not much.
Investing in your own success
An important aspect that many traders overlook is the fact that trading is a professional activity that requires appropriate education. Paid trading educations offer a structured learning process that makes it easier to learn and implement trading. While free content is often fragmented and unstructured, paid educations provide a comprehensive program that covers all important aspects of trading.
A good trading education requires time and continuity. A short crash course is not enough to acquire the necessary knowledge and skills. It should take at least three years to understand and master all aspects of trading.
At the end of the day, the success or failure of a trader lies with themselves. An experienced mentor can provide valuable knowledge and support, but ultimately, the trader must apply the learned strategies and principles in practice. As long as the strategy being taught makes sense, the mentor cannot be held responsible for the trader’s success or failure.
Trading success without a paid education and an experienced mentor is hardly possible, if at all. While free trading knowledge is available, it often lacks structure and depth. A paid education offers a clear learning path and enables traders to gain solid knowledge and skills. An experienced mentor is essential to understand the intricacies of trading and to apply the principles in practice. However, it is up to the trader to apply what they have learned and take responsibility for their own success.
In conclusion, a paid trading education and an experienced mentor are investments in one’s own success as a trader. Considering that the path to sustainable trading success requires time, effort, and dedication, these investments are justified. The market is complex and volatile, and without the right knowledge and experienced guidance.
Until then, I wish you successful trades.
Best regards
Markus
