Are there any recommended trading courses?

[LinSA]

Greggles.... I have displayed skepticism about both methods, self learning from books, and paying a mentor to teach me in a course.

I have been concerned that the course won't teach me as much as I think it will and that there is something bad about it all that I am missing.

I have been concerned that self learning will be confusing, take way longer to get started (after all like most beginner traders I am very excited and can't wait to get to the point where I can start doing this!), and possibly I will miss information that will cost me a lot of money while I learn the hard way on my own.

So thus I came in here to ask for opinions on which method is wisest.

I haven't relied upon facebook reviews alone, however they are something to be relied upon more than a website review because you can check into them to see if they are real people. Plus I have been able to contact and speak to some of them and have been told of their results in the realms of 16+%. So that has made me think that maybe the course could set me on the beginning of the path I want in a safer manner.

In comparision, while I have been told that I can learn from books for a much cheaper price, I haven't had anybody be able to show me that I can do so in a way that gives me as little confusion as a guided course does, nor that I can avoid making costly mistakes when/if I miss important information when trying to do it on my own.

So with that in mind, while I have said I am willing to try with books first before diving into a course, I have to admit I am not convinced it is the wise choice yet. I actually really want it to be, as it sure is cheaper!!!

Sure, I want to make this journey as least stressful, as least time confusing, as least confusing in general, and as least risky and costly, as I can. It doesn't make me lazy, nor mean I am naively thinking that the learning won't go on and on over the years, I know and look forward to all the years of learning. It just makes me realistic. Why make life harder on myself than I have to?

 

[LinSA]

one thing to bear in mind... I don't know if this makes any difference to anybodies opinion on this... I can try the course for 14 days and get a full refund if I don't think it is for me. That allows me to start the course, plus access to the group of about 280 people who have done the course and are working with their learnings to chat to and ask all the questions I could want. That is something to consider maybe?

As I said, I would much prefer to just learn from books, but I have my concerns stated above.

 

[greggles]

What I found was that it was like going back to school and by learning a module at a time was able to absorb the content and learn in a very organised and systematic process, having access to a mentor while going through the course allowed me to build my confidence and ensure I was understanding the content....this is what I believe is hard with trying to teach yourself from books on your own.....but it is just my opinion.......I know this process worked for me but everyone is different...

I understand that some people need a structured learning environment. It works better for many.

My issue with courses is that ultimately whoever creates the course is just collating and passing on information in a way that attempts to teach by organising that information into lessons or units. In the end you are just left with course materials that are no different in form to a book. I find it hard to justify paying $5,000 for a book, even though I know there is more that goes along with it. But ultimately you are just getting information.

Just like course materials, books are divided up into lessons or units through chapters. The purpose of a book is to inform and teach just like a course. The good authors and books are well known. It doesn't take much research to find them. Five $50 classic books is a total of $250 and you get yourself a wealth of knowledge that has stood the test of time. This book has been teaching people valuable lessons for almost 100 years and it's less than $25. To not start with books seems crazy to me. Even if you need structured learning, good books will give you a basic grounding in any field. If you are an independent learner then books and your own grey matter may be all you ever need.

The only two points I've been trying to make in this thread is to start your education with good books by renowned authors and beware of spruikers. The financial services industry is filled with snake oil salesmen and charlartans and they exist mostly in "education" and trading recommendations. I hate to see others fall prey to them.

 

[luutzu]

I can't be the only one seeing what this is, right?

It's understandable to promote your services... we all want to get the message out there, attract (paying) customers. But there is such a thing as ethics and stuff right?

It kind of send the wrong message to attract attention through deception. Unless the core of the course is to deceive your way into profit.

And dude, I doubt Buffett would give his "blessing" to a course teaching people to trade stocks where you trade in and out, invest some 2% of your capital - that's the "risk" per trade.

So if Buffett did write back to you, it's just him being a nice bloke.

 

[LinSA]

I can't be the only one seeing what this is, right?

It's understandable to promote your services... we all want to get the message out there, attract (paying) customers. But there is such a thing as ethics and stuff right?

It kind of send the wrong message to attract attention through deception. Unless the core of the course is to deceive your way into profit.

And dude, I doubt Buffett would give his "blessing" to a course teaching people to trade stocks where you trade in and out, invest some 2% of your capital - that's the "risk" per trade.

So if Buffett did write back to you, it's just him being a nice bloke.

Luutzu, I am totally confused by what you are saying. Are you just saying you are totally against all courses? Or you looked into Terry's course and found something you thought I might be missing?

 

[luutzu]

Luutzu, I am totally confused by what you are saying. Are you just saying you are totally against all courses? Or you looked into Terry's course and found something you thought I might be missing?

I am saying that you are promoting Terry's course, in an underhanded way.

Like I said above, I understand the need to promote and all that. Just, you know, shouldn't do it dishonestly. I mean, the members on here who's replying to you, as they do to all new investors seeking some guidance... they're honest and go out of their way to help. Not cool to play around with that.

 

[LinSA]

Sorry Luutzu, I don't know where you get that from. You are welcome to look into me if you wish, I am happy to tell you whatever (within reason to protect my family, after all for all I know you could be a crazy person) you need to know about me in order to do so. I have no connection and am genuinely wondering whether it is silly or clever to do his, or any other, course, or if there is another better way to learn. Anyway, take from that what you will. I guess I don't have a need to prove myself to you, but I wouldn't want this thread going astray with that kind of assumption. Weren't you the person who was going to ask around to friends to see if you could find out any further information for me anyway? What happened with that?

 

[LinSA]

Actually here you go. I guess there is no harm in you knowing my full name. But here is proof that I am genuinely looking into his course. Here he is this morning asking me if I am still considering enrolling.

 

[minwa]

Ｔｅｒｒｙ　Ｔｒａｎ　ｐｏｓｅｓ　ａｓ　ａ　ｆｕｎｄ　ｍａｎａｇｅｒ　ｔｏ　ｐｒｏｍｏｔｅ　ｈｉｓ　ｃｏｕｒｓｅ．　Ａｓｋｅｄ　ｆｏｒ　ｉｎｆｏ　ｏｎ　ｈｉｓ　ｆｕｎｄ　ｇｏｔ　ｉｇｎｏｒｅｄ　ａｓ　ｉｔ　ｄｏｅｓ　ｎｏｔ　ｅｘｉｓｔ．　

ＷＴＦ　ｈａｐｐｅｎｅｄ　ｔｏ　ｍｙ　ｆｏｎｔ．．

 

[greggles]

Greggles.... I have displayed skepticism about both methods, self learning from books, and paying a mentor to teach me in a course.

I have been concerned that the course won't teach me as much as I think it will and that there is something bad about it all that I am missing.

I have been concerned that self learning will be confusing, take way longer to get started (after all like most beginner traders I am very excited and can't wait to get to the point where I can start doing this!), and possibly I will miss information that will cost me a lot of money while I learn the hard way on my own.

So thus I came in here to ask for opinions on which method is wisest.

I haven't relied upon facebook reviews alone, however they are something to be relied upon more than a website review because you can check into them to see if they are real people. Plus I have been able to contact and speak to some of them and have been told of their results in the realms of 16+%. So that has made me think that maybe the course could set me on the beginning of the path I want in a safer manner.

In comparision, while I have been told that I can learn from books for a much cheaper price, I haven't had anybody be able to show me that I can do so in a way that gives me as little confusion as a guided course does, nor that I can avoid making costly mistakes when/if I miss important information when trying to do it on my own.

So with that in mind, while I have said I am willing to try with books first before diving into a course, I have to admit I am not convinced it is the wise choice yet. I actually really want it to be, as it sure is cheaper!!!

Sure, I want to make this journey as least stressful, as least time confusing, as least confusing in general, and as least risky and costly, as I can. It doesn't make me lazy, nor mean I am naively thinking that the learning won't go on and on over the years, I know and look forward to all the years of learning. It just makes me realistic. Why make life harder on myself than I have to?

Lin, I recommend you start with books and treat each book like a course. Read each chapter and don't move on to the next until you are sure you understand what you just read. Do more research if you are unsure. Then move on to the next chapter and repeat.

Unlike spending $5,000 on a course that may end up being no better than a book, there is no downside to just buying the book first and saving $4,950.

 

[LinSA]

Ok, I am going to do that. I am going to start with books, and read read. Still will keep an open mind with the course, but will read first.

You realise I may become a pain in the royal a coming in here to ask tons of questions though? Haha, well I hope not.

 

[luutzu]

Actually here you go. I guess there is no harm in you knowing my full name. But here is proof that I am genuinely looking into his course. Here he is this morning asking me if I am still considering enrolling.
View attachment 87658

If you say so. But I don't believe you.

 

[LinSA]

If you say so. But I don't believe you.

whatevs... that is totally up to you. Moving along.

 

[cynic]

Ok, I am going to do that. I am going to start with books, and read read. Still will keep an open mind with the course, but will read first.

You realise I may become a pain in the royal a coming in here to ask tons of questions though? Haha, well I hope not.

That's wonderful!

There are a number of members of this ASF community, whom will gladly welcome and entertain your questions.

After all, the sharing of experience derived knowledge, is a very large part of what forums are for!

 

[peter2]

I'm aware that there have been posts added while I constructed this post but I'm posting it as is anyway.

@LinSA Luutzu is concerned that you're an insider of Tran's, subtly advertising Tran's trading education business. ASF sees quite a bit of this and as a result, this forum is very cynical of initial posts mentioning a trading business so early in a thread.

It seems that Luutzu has looked at the website. So have I and I also see an entrepreneurial spirit that pushes the boundaries. Calling Buffett's good luck wishes an endorsement of his education business is totally misleading and ethically corrupt (imo). It seems that Tran has done a few presentations in Adelaide as his recent testamonials feature Adelaide members. The "SA" in your forum name also suggests you're from Sth Aust.

I'm giving you the benefit of the doubt that your initial post was an honest search for information after having been to or heard about Trans trading education business from others.

It's very hard to get information about Tran's methodology from his website as there's so much marketing fluff. However, watching two testamonials and analysing the spreadsheets shown in the videos, my initial thoughts are that Tran's blueprint method is robust and the members management of trade risk is surprisingly conservative.

I've have no idea about the cost of the course, but I assume it's too much. However if they provide 12 months unlimited educational support for their members (not just a forum) the cost will be more reasonable. You may even be able to claim the cost as a tax deduction. Check with your tax accountant first.

 

[Wysiwyg]

I would be interested to know if their are any traders on here that became a successful trader by just reading some books ..????

I very much doubt it as from what I have heard and read, learning from doing is the way to trading success. Like an apprenticeship in a way. You are shown the theory and are shown the practical but if one does not comprehend or lacks the personality then all the teaching in the world will make no difference.

 

[greggles]

I just went to The Freedom Trader website and there is no detailed information about what you will learn in the course.

This is what it says:

 

[willy1111]

Ok, I am going to do that. I am going to start with books, and read read. Still will keep an open mind with the course, but will read first.

You realise I may become a pain in the royal a coming in here to ask tons of questions though? Haha, well I hope not.

Lin you have opened a can of worms embarking on this journey - you probably feel like there is so much ahead of you that you need to learn - its a bit like looking for a needle in a haystack and you just want to find it as quickly as you can. You ask here and get more opinions from everyone on where you think you should look, which just makes the haystack appear even larger than before.

This may seem simplistic, but profit from the market is a function of how often you win multiplied by how much you win when you win and how much you lose when you get it wrong. It is not uncommon for a lot of successful traders/investors to get it wrong 50% of the time and get it right 50% of the time. The reason they are successful and make money is because when they win, they win 2,3,4,5 times more than when they lose, this plays out over many trades/investments.

There are many different approaches to trading/investing, it is a bit like saying what job shall I do to earn an income. You could be a cleaner, baker or candlestick maker - there are so many different jobs out there that it is possible to earn an income from, my point is, do you need to know what every job entails before you choose a job? I would suggest not, and the same applies to the many different ways of trading/investing, all of which can be successfully applied - review enough styles to see what you like and what fits your personality - do you like discretionary, systematic, mechanical, how much time do you want to spend looking at charts each day/week/month, can you back test the approach to build confidence in the performance stats, etc. Picture yourself doing it into the future, what does it look like. Are you sitting in front of a computer day in day out for 2-3 hrs, are you just running your scans in less than 10 mins a day/week, put your orders in and get on with life? Are you doing it for the excitement and challenge of trading or just the financial returns?

For me, it all fell into place with Nick Radge's teachings, so I would suggest starting with his 2 books, Unholy Grails, and Weekend Trend Trader.

 

[tech/a]

Hmm nothing there.
Surprisingly bland.
$13,000 to unlock your curiosity

Lots of sizzle no guarantee

If this guy is a plant this really is the sort of thing that
Kills genuine educators.

 

[Wysiwyg]

Didn't we discuss this dude before regarding other people paying for his world tour?

It’s more than possible to support yourself and your family once you ‘get’ how investing and trading really works.

"Get it" for $5000 (hurry, offer ends soon).