Trader Mom @ Home

Learning trading is a very daunting task for the beginners. Not only is trading itself extremely challenging, but also it is hard to find quality educational materials or programs.  If you google it, you will be swamped by a huge number of websites trying to sell you this newsletter, that subscription or other types of products. It just seems that everyone wants to sell you something.

It is actually worth paying for a quality educational product. If you learn everything by yourself like I did, you are bound to make a lot of mistakes, lose a lot of money and waste a lot time in the beginning. A good program will not make you a great trader. But it will teach you the basics and show you the door for further exploring on your own.

Let’s look at trading as a degree and compare it with an engineering degree from a decent university (top 100). How much will you have to pay for your education?  Let’s make 20k per year (10k for the tuition and 10k for the living expenses).  So that is 80k and 4 years for a normal education. Are you willing to pay that much for a trading degree? 

Having said that,  I have to admit that it is extremely hard to find good quality programs out there.  A lot of self claimed trading coaches are basically BS artists. They normally put up a sales pitch page claiming absurd returns, and then use some “testimonials” to prove how good they are. Have you ever wondered how come all of those “testimonials” are positive?

Anyone with half baked trading knowledge can BS like an expert in front of a beginner. One way to tell if someone is a BS artist is to see if all he does every day is to promote his “products”.  If he does, then stay away since a real trader should spend 70-80% of his time trading instead of doing something else and his main income should be from his trading.

Safe trading