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Paid training in trading - to pass or not?

Paid training in trading - to pass or not?

The Internet is full of advertising of trading courses. Distance learning, online education at the moment is a successful developing business. But the size of the cost does not always correspond to the level of benefits received, and sometimes even harm.

 

Statistics shows that the absolute majority of people now come to trading without special training in the financial and economic sphere. The reason is the availability of brokers for everyone who has the Internet in any device. The awareness of the seriousness of the chosen occupation often comes with the first losses from unsuccessful trades. This is when the search for sources of knowledge on the World Wide Web begins.

 

Logic at first glance is simple. To give for training now conditional 100 units of currency to earn 1000. However, an inexperienced person is usually unable to assess the true value of the proposed knowledge. As a result, money is sometimes paid for something that then will not be useful or beginners sell what they could find on the Internet for free.

 

It is erroneous to think that you can buy a universal recipe for success at Forex. It is impossible to do it for any money. Therefore, if the organizer of the training promises a guaranteed profit after the training, you should not trust such applications.

 

ORGANIZERS OF PAID TRAINING

 

When choosing a training program, it is extremely important to clarify the information about its organizers. You shouldn't trust some Forex guru, who knows everything and will surely teach others to make a profit. Such loud posters and statements are just a promotional move. It's better to trust large financial organizations, information about their activities is easy to find in the public domain.

  • Banks.
  • Schools that specialize in finance.
  • Licensed brokerage firms.

 

If you take elementary education, it is easy to notice that almost all textbooks and courses, though paid, though free, give approximately the same basis. The alphabet always begins with the letter "A", and it is impossible to invent something radically new. But as you go deeper into the profession, more and more nuances appear.

 

TYPES OF PAID TRAINING

 

There are several basic types of paid training.

  • Full-fledged courses. They can be extended in time for a variety of periods and include a variety of theoretical, practical classes and self-preparation. 
  • Webinars and seminars. They require time and energy from the authors, so they are paid either by the participants or by the company that organizes them.
  • Video lessons. They can be both individual and serial. Their creation requires not only intellectual work, but also has a technical component. It is logical that this should be paid for.
  • Ready-made strategies. Each of them is the result of long painstaking work of the creators. However, none of them can be considered universal and does not guarantee profit. All of them are good in specific situations and in the hands of specific traders. Therefore, they should be treated very selectively when buying.

 

Is it possible to do without serious education at all? Biographies of successful stock speculators show that many of them were self-taught. But this is more true for the figures of the past centuries. What kind of training a beginner trader now has to undergo, and whether to pay for it - is left to the person to choose. And the opportunities for this are getting wider and wider every year.

 

05.11.2020
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