Binary options – training

Published:15 December 2015 Updated:10 January 2024

The question of necessity trader training has been a topic of discussion for quite some time by numerous members of the profession. This is especially true for the last few years, when many different courses have appeared. Let’s try to find out a little bit about how effective the training of traders is, whether it is possible to do it on your own or whether it is necessary to attend specialized courses.

Binary options training

Training at the DC.

Practically every dealing center providing access to the financial market for traders organizes some training courses for beginners in parallel with their main activity. The duration of such courses can vary from a couple of weeks to several months. At the same time both full time and distant training is offered. Costs may also vary. Some courses are offered free of charge, and for training in others you have to pay quite a large sum.

Most established traders believe that almost all such courses are nothing more than learning the basics of forex. It means that the listener will get basic knowledge, learn basic definitions and master the basics. No, all that, of course, is necessary, but none of the courses, alas, will teach how to make money on Forex!

It’s not hard to explain. After all, in order to teach someone you need to have good knowledge yourself, which means that in our case the teacher must be a successful trader. But think about it, will a not bad earning trader spend his time on a penny teaching, what is the sense to sacrifice his working hours and grow competitors.

By the way, it is also noteworthy that often quite eminent representatives of economic science are engaged in teaching. I wonder what a teacher who has never made a single real trade on the market can give to beginners. Only theory, but working on Forex is practice, which only a real trader can master.

It is not uncommon for teachers working for dealing centers to be unsuccessful traders who have not succeeded in trading and try to secure their livelihood in other ways.

However, if you are just thinking about discovering forexIn this case, the study is offered without payment, a portion of your time can be sacrificed, after all, the basic concepts of forex at the courses are taught. But to agree to the study for a fee, most likely, it is not worth it.

Learning from webinars.

It is probably not only modern, but also the most effective training. Today such training is becoming more and more popular, because the whole process takes place on the Internet, and there is no need even to leave your home for training. Moreover, during the video seminar one can observe the lecturer’s real work, ask him questions and receive explanations of all his actions. Such training can be paid, but most webinars are free. There are a lot of webinars on the Internet, so it is easy to find them.

Book learning.

The first and main thing that can be said about this method is that it is extremely inefficient. This is because almost all literature for traders was written before the ninetieth year and described the state of the market at that time. However any markets are in constant development, so if today you apply the knowledge from these books on the market, the result will probably not be a happy one. And few of the authors have disclosed their secrets completely. After all, practically all of the techniques given in the literature have already been used by many traders and have therefore lost effectiveness over time. However, you can get the basics of trading from books, it is already important enough, and then you will have to develop yourself by learning from your mistakes.

Training by a real working trader.

Learning while working in parallel with an experienced trader is the most effective. However, the difficulty is that it is not easy to find a trader who agrees to teach. If you are lucky enough to find such a person, then there is a real opportunity to avoid a mass of mistakes inherent to all beginning traders. By the way, such training is almost always quite expensive.

Self-study.

Self-study is probably the best solution. This is the only way to become a real specialist. Of course, such training will require more time and investment, but the experience gained will only be yours. The least losses in such training can be sustained if you trade on cent accounts. This is the only way to spend a very small amount of money and work in the market long enough to develop your own strategy.

In conclusion, I would like to say that learning to work as a trader, it is not an easy process and quite long, but the result can be achieved worthy.

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Reviews

  • I support those who are self-trained, because why pay money to someone from the beginning for something you will know yourself in a month or two?

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  • I believe that you should move to paid methods only when free information is not enough, when you are frozen at one level and can’t move from a dead point.

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  • Any training is better with real people. But there is also a disadvantage – everyone advises their own strategy. For free, you will be advised to do nothing. Here ask yourself a question, would you yourself free of charge much strain to teach someone something?

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  • I already have experience of both free and paid training. To tell the truth, the difference is small, because using paid methods, you can only gain time, but in fact they give the same information, but with a different presentation. This is the difference.

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    • Denis Ivanov 16 December 2015 at 10:30

      I agree that paid courses or something else saves your time. You will have to read the information yourself, boil it down, comprehend the charts, and in 2 weeks you will be able to think like a fish in water during the courses.

    • vanya 16 December 2015 at 13:38

      The main thing is to choose the right training course, because there are such geniuses who sell information that you can get for free and the effect of such courses is exactly the same as without them.

    • Denis Ivanov 17 December 2015 at 12:52

      And it is. Any information on the subject can be found for free and it’s just a matter of time. Well, as an example, I have video courses of 40 minutes each, and there are about 20 of them about Forex trading. You can watch them yourself, but on paid courses the same information will be explained in 3 visits.

    • Nikolay 18 December 2015 at 06:13

      In order not to fall for the tricks of scammers, it is better to choose a good trainer who has experience and results behind him that motivate you.

  • You can’t learn it properly on your own, it’s like inventing a bicycle. And you don’t have to invent, you can come to a lesson and they give it to you ready-made, take it and use it. And so it is with learning.

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