Access to trading has never been easier than today. With just a few clicks, you can open a trading account and start trading immediately. But what happens when your account balance decreases and losses accumulate? You start searching for answers, for help, for trading a education.
The universe of educational offerings is nearly unlimited. You come across countless online courses, webinars, books, and seminars that promise to make you a successful trader. But which of these offerings are truly worthwhile or promising? Which ones are a waste of time?
What should you look out for?
As a beginner, you face a great challenge. How are you supposed to know what to consider when choosing a trading education? It’s easy to lose track or choose questionable offerings.
In this brief guide, I would like to highlight some important points to consider when choosing a paid trading education.
First and foremost, the instructor should have proven themselves to be a successful trader. Examine their experiences and track record closely. Only someone who trades successfully in the markets can provide you with valuable knowledge and practical tips.
Furthermore, it should be clear why an education should cost money. There are plenty of free offerings, so you need to understand the added value and additional benefits you will receive through a paid education. A good instructor will make this distinction clear. They can demonstrate why investing in their education is worthwhile.
It is important to know what you will receive for your money. What content and materials will be provided? How will the course be structured? Is the trading strategy clearly and comprehensibly explained? You should ensure that the education is not just a quick crash course, but also includes post-training support or further assistance.
Aftercare & support is an important factor.
The duration of a further support is also a crucial factor. Make sure that you are not left alone after completing the course, but rather receive ongoing guidance and support.
A high-quality trading strategy must have a positive expectation value. This means that it is profitable in the long run. Make sure that the strategy is not overly complex, especially as a beginner. A clear and implementable strategy is best suited for beginners. A good trading strategy should be applicable to all markets to provide you with diverse trading opportunities.
Last but not least, it is crucial that you feel comfortable with the purchase of a trading education and clearly see your personal benefit. Trust is an important factor, so listen to your intuition. If you feel that the education can truly help you and take you further, then it is worth the investment.
In the next blog post, we will examine in more detail why success does not always come immediately, despite the many offerings.
Best regards
Markus
One Response
Hi, yes it’s true.Trading education is a must for everyone who is looking to achieve their trading goals.