Is it possible to learn trading on your own by reading books, articles or watching videos?
As in any other business, in order to learn how to trade on the stock exchange, you must first undergo training.
Some people graduate from university for this purpose, others are taught by a trader they know, and the majority have to go through this path on their own.
The site receives a lot of letters from visitors who ask how realistic it is to learn trading on your own?
Since I also had to learn this profession from scratch, I will be glad to share my experience with readers.
Ten years ago, when I started trading on the stock exchange, there was not such an abundance of training courses and most of the information had to be obtained empirically.
In addition, I read most of the existing books on stock trading at that time, this made it possible to understand the psychology of trading and the mechanisms of market operation.
So, the question of whether it’s realistic to learn trading on your own can be answered in the affirmative.
Self-paced learning is not for everyone
Each person has an individual character, and self-organization is not such a common trait. I managed to master stock trading myself only due to the fact that I am quite organized by nature:
But with all this, I can say that the best choice at the moment for the majority of those who want to become a trader would be to attend online courses on stock trading - https://time-forex.com/info/besplatnoe-obuchenie-trejdingu
Most of them are conducted by brokers on absolutely on a free basis, at the same time, I would not recommend paying a lot of money for courses from various “trading gurus”, since, as a rule, their courses are no different from existing free analogues.
The best effect, in my opinion, comes from a combination of trading on a demo or cent account with attending an online training course.
In addition, it will not be superfluous to have a work schedule for the day, which will clearly outline working hours and study time.
For example, I prefer to trade before lunch and learn something new after lunch. In my opinion, this option for allocating time is more optimal.
It should also be noted that technically trading on Forex is much simpler than on the securities market or commodity exchange, although at the moment these types of trading have been simplified to the maximum thanks to the introduction of contracts for difference CFDs .
And in conclusion, I want to say about the most important secret, thanks to which you can learn trading on your own - this is to start right now, without putting it off until tomorrow, Monday or the first day of the next month.