Dear readers, I know what you are going there. If you search this question then you definitely find the answer ‘YES’ as a result. And I know you are also already made your mindset for going to learn from Youtube. But there are some issues which will be going to make some problem in you trading carrier. Let’s know what are they. And how those things will control you.
Trading is not a hobby it’s a profession
I have seen many people learning many thighs from youtube. Some of my friends learned guitar playing and some of them learned cooking too. But I have one question for them. Are they really learning guitar or cooking very well. Are they ready to challenge their talent with professionals in that field? Listen this question is important. Why I am asking this is because they learned this thing to entertain themselves. Not to compete for those learning with professionals. In the same manner, are you learning stock market trading for entertainment purposes? Because you will be practicing on the real market and with professionals. Who were devotees of the market for the past decades!
If a stock is trading at a low price that doesn’t mean it is undervalued. It trades at a low price because it is cheap. Some professional knows very well that that stock’s price will go down. Maximum investors are losing money in the market because they prefeed youtube learning.
Lack of Real-time assistance
It is true that if many traders execute a trade at the same time that does not determine whether they will get the same profit on that trade. Some traders will exit sooner, and some will wait for more profit. Some will take another trade after booking a small loss or profit. The market is the same for all of us. But all participants’ behavior is not the same. So the result will vary.
In the same manner, if you are learning from youtube they are not able to study you. They teach us in a way that will be acceptable for all, but it becomes common knowledge for those who are trying to learn in depth. Offline classes of online one-to-one classes or in small batches are more effective than youtube and big crowed batches. Youtuber is responsible for their content but not responsible for what you are learning from their content. But in real-time classes teacher will rectify you when you will on wrong track.
The Right Way
Do you remember your childhood time when you were introduced to wit English alphabet? How you learn ABCD.. etc. and maximum 90’s kids have learned that foundation education from their parents like a mother. Now think if your mother thought you to read grammar first then the alphabet what was spouse to happen. In the same way, if you are learning the stock market from different sources not in ascending order you will never be going to be a good trader.
And maximum youtube content is coped from different youtube videos. And they copied from others. Today’s world is not with book learning. After covid people are a little hurry up to learn something. But believe me, the oldest method is learning from books. Content from books is very authentic. Try to foid out the course which chapters are taken from great books. A good teacher will guide you to good books according to you. And will elaborate you all the major subjects by current market examples. Which will not help you to learn quickly but also helps you to learn in the right way to become a successful trader.
