Where to find REAL trading education

There’s a lot of complaint about fake news on both sides of politics. Where do we draw the line between an opinion we disagree with, and an outright lie? Where does selecting the facts that best support your argument tip into misrepresenting or manipulating the truth?

A few years ago I never would have believed that I’d have read even a paragraph of a European treaty … or looked at what trade regulations actually say … but I’ve found myself doing just that, simply because I’m not confident about whether I’m reading fact or opinion in the newspaper.

Falling for the hype

But one of the big problems with opinion-free education is that it can be a bit dry (as anyone else who’s tried to read a legal document can testify!)

That’s why most of us wouldn’t dream of reading a scientific study published in an academic journal, but we’ll gravitate towards a newspaper article titled, “Eating chocolate can stop you getting cancer!” We’re suckers for the ‘hype’. Fake news is so prevalent because we lap it up – it reinforces our own agenda, prejudices and opinions.

So, when it comes to trading education – how do we know what’s genuine, and what’s just guiding us down a well-trodden path towards something the author wants you to believe … or buy?

One route many traders take is to buy their education – that way you know you’re getting quality, right?

Sure, having a paid-for mentor can be helpful, but I’d be wary of being drawn into a particular methodology. Before you know it, you’re dependent on the proprietor’s software and can’t make a trading decision without it.

Real education doesn’t come laced with promises. It should be information, not an infomercial.

There are loads of great sources of trading education out there. But it won’t surprise you that I’ll direct you towards mine! And I’ll come clean … I’ll sometimes recommend paid-for products too. But I want to make a clear distinction between the education that’s free, and what’s paid-for.

Trader’s Bulletin is packed with pure education: the spread-bet school, top indicators, free trading strategies ideas, basic know-how on risk management, margin requirements and loads more.

Any paid-for service is clearly defined, and the reason I have to charge for this is because of the huge amount of research and development, and support levels that accompany them.

But you don’t need to spend a penny on paid-for content to become a successful trader (these are just ways to get the legwork of R&D done for you).

Real education for traders comes from getting clued up on techniques and indicators … but you also need to get out there and practise to fine-tune your skills.

All the reading and studying in the world won’t be enough on its own – we have to get out there and start placing trades … making mistakes (hopefully keeping the bad mistakes to demo trading!) … and building a different financial future for ourselves.

 

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