Any trader, regardless of whether they are new to the market or have traded for a while, must pay the trading tuition. Some people spend thousands or millions of dollars, while others only spend a few hundred.
In short, when you joined the market, you had to spend a tuition fee in one way or another. Today’s article will help you better understand the “trading tuition” when participating in the financial market to avoid losing too much money on it.
The concept of “trading tuition” that new traders should know
First of all, the trading tuition is a certain amount of money that a trader must spend first. Here we can understand it easily. You need to learn about trading but can’t do it on your own. So you will look for a trading teacher to guide you. To be taught by the teacher, you have to pay a fee called tuition. We temporarily call this kind of fee teacher tuition.
In a figurative sense, tuition here is the money you lose when trading in the market and what you gain is not only experience but knowledge, patience, and determination. But sometimes you get nothing but pain and hatred. We call this type market tuition.
So which one should you pay more? Will the more tuition costs, the better you can trade?
To answer that question, let’s try to talk a little bit about tuition fees.
Trading tuition for a teacher
Tuition for a trade teacher will bring you many benefits.
The first is that you do not need to actively seek knowledge. The teacher will teach you what you need to know. This will save you a lot of time. That is an advantage of this tuition.
Secondly, you will learn to trade more methodically and systematically than self-study. Your teacher knows which path is the shortest and suitable for you. You just inherit the result.
If your mentor has succeeded, you just have to follow them.
The difficulty is that those methods are still the master’s, not yours yet. To understand them better, you must trade for real and learn from your trading results.
If you don’t do that, the more money you spend on the teacher, the more theory you will get. There is no guarantee that you will succeed as your teacher does.
Trading tuition for the market
As I said above, when you pay tuition to the market, you will receive things that teachers can never give you, specifically:
Experience: Through winning and losing, you will learn real experiences from the market. They include trading sense, the ability to control emotions, money management… These things can’t be learned purely from your teacher even if he passes all of his experiences to you.
Knowledge: This benefit of the market is quite interesting. It has two types:
The 1st one is that the market will tell you it is a scam, a fraud, and you can never make money from it.
The second knowledge is more positive. You’ll understand the nature of the market, how it works, the right method to deal with it… They are worth the tuition you’ve spent.
My lessons after paying tuition fees for the market and teachers
Sometimes you don’t get anything from the market because you just focus on the lost money and keep cursing the market instead of doing the right things such as to think, research, find out the reason why you lost. That means you are not allowed to be passive. If you are lazy, even paying extra tuition for the market is useless.
The day I first entered the market, some people told me that “What’s the point of studying, just pay for the market, burn a few trading accounts and you’ll be pro!”. Luckily I didn’t follow through.
Thus, paying trading tuition for the market does not guarantee that you will trade successfully if you don’t know how to learn from it.
In my opinion, trading tuition for both of these subjects is necessary. However, do not spend too much just because you want to succeed quickly.
To be successful, in addition to money, you need time and effort. Studying hard, learning from each failure, as well as being persistent over time are the right ways that help you succeed in trading.
How to learn trading knowledge with no money at all
You can learn knowledge about trading completely free in this small blog. No need to spend money on the market or a teacher at all.
The following is a brief overview of the Bullish Harami candlestick pattern. When you encounter it, you just need to open an UP order.
Bullish Harami is a Japanese candlestick pattern consisting of 2 candlesticks.
The first candlestick is a red strong bearish one.
The second is a green bullish candlestick that fits inside the first one.
In short, it is not necessary to spend more money to pay the trading tuition fees. Instead, if you put in a lot of time, effort, and focus, you can definitely make profits from the financial market” Not everything can be bought with money, especially knowledge and experience. Wish you pay the lowest trading fee to receive the best lessons.
Join the Olymp Trade Club Signal Group: https://t.me/olymptradeclub19