Traders Education

Bonjour, Halo, Hello, Ca'va? ... They all mean one thing. Hello.

On a serious note. I wanted to discuss and be informed of the differences in education recieved by a proffesional and a home trader. Do we all learn from books and 'collegeues' and fellow traders. Or are there proffesional trading 'programs' or something -

Is the content learnt by proffesionals the same stuff home-traders learn or much more expansive, deep and 'secretive'.

Just to ensure this thread doesn't turn into a 'I hate you and Aaron thread' i will alert you that unfortunately, me and Aaron's friend died in a car crash today and unfortunately, we weren't there to use our super-powers to catch the car or reverse time and therefore we are very sensitive today.

So, Facts ? Or just opinions?

There is no such thing as a trading education that will make you profitable, the best you can do Is to learn the mechanics of the market you are trading and try and find something that occurs with enough consistency for you to profit from.

Why would somebody teach you how to trade for money? Wouldnt they just trade themselves to make that money? I know what Id prefer to do.

leonlorenzo said:

There is no such thing as a trading education that will make you profitable, the best you can do Is to learn the mechanics of the market you are trading and try and find something that occurs with enough consistency for you to profit from.

Why would somebody teach you how to trade for money? Wouldnt they just trade themselves to make that money? I know what Id prefer to do.

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All i asked is what the differences in education were between the proffesional and home-trader.

Nothing to do with paying for an education, or asking for 'Profitable educations' ...

HaloTrader said:

All i asked is what the differences in education were between the proffesional and home-trader.

Nothing to do with paying for an education, or asking for 'Profitable educations' ...

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And I told you that No one Is gona teach you how to trade. Get one of those console games,'train your brain' or whatever its called and then think about it.

The difference is totally irrelivent, your not a pro and are never going to be In a pro environment , so your never going to have whatever they do.

Mods, this forum Is totally out of controll, its a mess. Go take a look at FF, thats how you do it.

In a professional office you are surrounded by sucessful traders who you can turn to for advice etc as you trade where as at home you're on your own. That's the main difference, experience.

I'd have to say that it's the other way around...
home-traders (the ambitious and hard working ones) usually educated themselves much better than professionals.

professional traders education usually means having a more experienced trader as a mentor, and just living the market with a lot of support - like faster trading platforms, faster live feeds and market news.

however, the home-traders who really dig deep into the educational stuff, learn a whole lot more...as professionals no one will teach you about expectancy, money management, risk management etc...you will have to learn them by yourself - pretty much as a home trader would do.

HaloTrader said:

Bonjour, Halo, Hello, Ca'va? ... They all mean one thing. Hello.

On a serious note. I wanted to discuss and be informed of the differences in education recieved by a proffesional and a home trader. Do we all learn from books and 'collegeues' and fellow traders. Or are there proffesional trading 'programs' or something -

Is the content learnt by proffesionals the same stuff home-traders learn or much more expansive, deep and 'secretive'.

Just to ensure this thread doesn't turn into a 'I hate you and Aaron thread' i will alert you that unfortunately, me and Aaron's friend died in a car crash today and unfortunately, we weren't there to use our super-powers to catch the car or reverse time and therefore we are very sensitive today.

So, Facts ? Or just opinions?

Click to expand...

- Who is saying to you it will be more expansive, deep and 'secretive'?
- What do you have to give up for the 'secretive' 'pro' education?

amnonco said:

professional traders education usually means having a more experienced trader as a mentor

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I think thats the biggest difference and also having someone else controlling your risk.

Although I trade for myself, I'm lucky to have someone I account to through the day for my trades and it has made a big difference to my profitability.

As a self taught/home trader, I can tell you that my experience is as follows

As a self taught trader I have yet to come across a bank/professionally taught trader that has the depth of technical trading knowledge and skills that I have. This said their learning centres more on risk and money management within the overall fundamental environment, than nuanced technical skills. I am not sure that all my technical skills are of use and indeed I would go as far as to say that some may have hindered my progress, - it is probably possible to know too much? If I had my time over, I too would concentrate on risk and money management first with tech skills second.

In respect of tech skills it can be the case that the more you learn, the worse you get, ie we have a 50% chance of a gain from a market entry at the getgo and then with tech learning this % can decrease until the light finally comes on and you combine the only 2 constants, and most important features of tech trading - price action and support/resistance, with risk and money management.

I have found that bank/professionally taught traders undergo a much steeper learning curve and their appetite for risk is higher, probably beacause they operate/exist in a testosterone fuelled environment and are used to watching/talking in big numbers, whereas the self taught trader is generally underfunded and does not have acces to these types of margin, and does not have the grounding in risk/money management.

For any new self taught/home tech trader my advice is

a. Concentrate on understanding risk and money management.
b. Develop a methodology that delivers a consistently profitable trading edge consistent with a, above based around price action itself, and support/resistance.
c. See the bigger picture, look at a higher time frame to see the market conditions (ranging or trending) and go down a time frame to find an entry based on price action and supp/res. Are the conditions on your designated higher time frame with or contra that present on time frames above that?

and moreover;

d. Always ask yourself why you are entering a trade - ie Do you have good reasons to do so,? other than you want to make some money/be in the market action ! Before you do so assess the possible risks and obstacles to the trade so that you can make a fully informed decision.

G/L