Ever thought of opening your own trader training firm?
Technically Fundamental
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which ones are any good?
timsk
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That entirely depends on how you define 'good'.
I'm not trying to be clever or witty here - it's actually THE most fundamental point about trainers, coaches and gurus (call them what you will) that few people who solicit their services ever think about. Most people's answer to the question would be along the lines of 'the coach / trainer that helps me make the most amount of money for the least amount of outlay'. This isn't unreasonable but, sadly for them, it's not the way the system works. Statistically, if you rounded up all the vendors out there and gave them all 100 students each to coach, my guess is that they'd all come in with similar results. In nearly every case, their failures would outweigh their successes and you can guarantee that of the former, most 'failed' students would blame their respective trainers. The reason is that what governs whether or not the student is profitable or not is the student themselves. Period. It's NOT the coach, or the cost of the course, or if the coach is profitable or not or, even if the coach trades or not. For the most part, they are irrelevant issues. It's 90% down to each individual student whether or not they're successful. The remaining 10% is marrying the objectives of the student in terms of trading style and markets etc. with those of the coach. There's little point in going to a coach who specializes in scalping Nasdaq stocks on level II with a DA broker if the student wants to swing trade the FTSE 100 on a SB account. So, you can see - I hope - that asking which ones are 'any good' is a totally futile exercise and why you shouldn't pay too much attention to someone who's whining about paying $$$$$ to a coach, but hasn't made a penny in profit. Invariably, the failed student has projected their hopes, dreams and aspirations for market success on to the coach without accepting any responsibility for themselves. It says a lot about them (but nothing positive) and nothing very useful about the coach.
Tim.
Technically Fundamental
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I mean which ones arent rip offs and which ones are noted as providing a decent basis from inside the trading industry. Markets and styles is something that should be considers once all the tw@ have been eliminated from the equation.
Technically Fundamental
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Will you teach me to trade goose
foredog
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Technically Fundamental
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Oi I'm quiet at work.
foredog
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timsk
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. . . and that's on a good day!
Technically Fundamental
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that explains it then, you're venting that pent up energy here.....
You only just realised? I thought you'd be more assertive as a trader.
A Dashing Blade
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But can they successfully teach? ie do you have to be a successful trader to successfully teach someone to be a successful trader? Personally I suspect not.
I totally agree with this... there are plenty of people in the world who are excellent at what they do and couldnt teach their way out of a paper bag...
Teaching is a skill in itself... My main University teacher was a "journalist" and he was teaching an architecture course... and he was brilliant... just because we was not a successful architect doesnt mean he couldnt teach architecture..
What about Jose Mouhrinio -- Arsen Wenga - neither good footballers.. both excellent coaches at the top of the game...
Technically Fundamental
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Playing football and planning strategically for a match are two completely different things.
the application is slightly different in trading i think. it is quite easy to book-learn certain things however trading is something that is much more hands-on. I can book (parrot) learn almost everything about trading but i guarantee with all the information in the world you'd struggle to achieve even the most basic things.
I think that depends on how you are trading ? with a mechanical system deployed by a machine then the "skills" you refer to are virtually redundant.
Anyway, my point is about the trainer, not the trainee.. the application of trading in my view is approx 90% planning and preparation and 10% Action.. with this in mind then anybody with the correctly learned aptitude (where you "skills" come in) can pull the trigger and execute the plan correctly...
So what difference does it make that the trainer is not a trader ? provided that they are teaching the correct techniques for plan building & aptitude.
This happens everyday in every industry... I really dont see why trading is any different to business or sport..
ok then, we agree to differ.
my example would be you call a broker asking for something on your first trade-it is highly likely that whatever you ask for a) he'll laugh at it snd spot you as a newbie a mile off and b) tell you all the information you need but you won't have a fcking clue what he talking about.
if you are talking mechanical buy here/sell here/stop here/limit here it is pretty difficult to go wrong.
i absolutely understand what you mean-i find it very difficult to get across what i want to say but in my mind i know what i'm doing. so kind of the reverse of a good teacher.
my example would be you call a broker asking for something on your first trade-it is highly likely that whatever you ask for a) he'll laugh at it snd spot you as a newbie a mile off and b) tell you all the information you need but you won't have a fcking clue what he talking about.
if you are talking mechanical buy here/sell here/stop here/limit here it is pretty difficult to go wrong.
i absolutely understand what you mean-i find it very difficult to get across what i want to say but in my mind i know what i'm doing. so kind of the reverse of a good teacher.
Very amicable I must say... I suppose its Horses for Courses (pardon the Pun)..
Some people simply dont need training.. they will go out on there own and find out by themselves.. they might make a few mistakes along the way and thats how they learn ( I am included on this list )
Perhaps its the content of the course that is crucial... if a new trader was to be taught the core aspects of all trading i.e how to build a plan, how to prepare yourself to trade, how to understand what trading is most suited to the individual, how to manage money. etc etc etc... then as long as the trainer has the skills to get the message across effectively then surely that makes him more effective than a supertrader with a poor personality and low skill in training people?
:smart:
