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Problem of Traders: Lack of Interest to Learn

On youtube really are lot of training materials about forex, but their quality is in question. It's better to use proven resources like this forum.
 
If you have no desire to learn and develop, it'll not lead to success. However, I want to note that desire absence is accompanied by the fact that many people can't find a decent literature for example.
 
If you have no desire to learn and develop, it'll not lead to success. However, I want to note that desire absence is accompanied by the fact that many people can't find a decent literature for example.

It’s a knowledge based profession, so there is no alternative way! Yes, maybe few investors are making money by using PAMM or Copy Trading service; but for the traders, learning & updating the trading skill is the key.
 
I think, now YouTube is a good place to learn, there have so many useful channels.


That is a good source. Any channel in particular you can recommend?


The thing is you can monetize on youtube. And that motivates many people to create learning videos. I would rather learn from somewhere where contents are verified and preferred by many.
 
I am seeing that the problem of new traders are that they are ignorant and naive. They are over-confidant and think they can conquer this cruel and unforgiving world of forex trading. So, don't be arrogant and know what is forex trading.
 
The problem of many investors that they want to make money but they lack interest to learn the Forex industry. They may over confident and think that they have enough knowledge to make money in the market.

Most traders totally don't have interest to learn and just focus on finding Forex signal, it is a big mistake. You may use Forex signal but note that, you must always verify the signal before using it. Sadly, most traders don't!

What kind of trader you are? Do you still learn Forex? Do you really have an trading account or just trolling (joking :p )? :32 (9):

To do forex trading, first you have to give time for learning. It's a professional work that requires specific knowledge and skills. Once you have necessary skilled, you can do it just by spending one or two hours per day. But for learning you have to put your efforts and dedication. One more thing learning doesn't happen in one or two months. You have to spend good amount of time depending on your level of understanding and other factors
 
Many naïve traders think that they can ensure comfortable trading journey from the very beginning without trading knowledge and expertise. It may be noted that theoretical and practical knowledge has some divergence. A foreign currency trader should try to make learn the practical use of trading tools to get the desired outcome from trading. Being reluctant to acquire knowledge can be hazardous both for the new babies and experienced trader since learning is a never ending process here.
 
Many naïve traders think that they can ensure comfortable trading journey from the very beginning without trading knowledge and expertise. It may be noted that theoretical and practical knowledge has some divergence. A foreign currency trader should try to make learn the practical use of trading tools to get the desired outcome from trading. Being reluctant to acquire knowledge can be hazardous both for the new babies and experienced trader since learning is a never ending process here.

You may notice, there have so many scammers in online. They repressive the Forex business as a normal job; like it’s very easy to make money here. As a result, many new traders start their trading journey with a wrong mindset; that’s why they are in hurry.
 
Yes you're right, we must verify the forex signal before use it. Cause you can't blame their signal provider if you lose.


Well said. It is the trader himself who chose to follow the trader and was lazy enough not to include his own input in to his trading. So should not blame signal provider for his losses.
 
Well said. It is the trader himself who chose to follow the trader and was lazy enough not to include his own input in to his trading. So should not blame signal provider for his losses.
Correct, but I see day by day the popularity of signal service has been decreasing gradually because of others automatic trading services. Agree?
 
Correct, but I see day by day the popularity of signal service has been decreasing gradually because of others automatic trading services. Agree?

Neither agree nor disagree. The thing is when market gets competitive and offers different kinds of services then people will get divided among them. Also one advantage copy trading has over signal services is that brokers list them on their sites.
 
Yes, it is the common issue that most of the traders are more keen towards earning but they do not pay attention towards learning about the trading. The real truth is that most of such traders fail. So, learn well before starting live trading. Thank you!
 
On youtube really are lot of training materials about forex, but their quality is in question. It's better to use proven resources like this forum.

Yes it is! But basically you’ll get basic instructions on YouTube & definitely, only primary level trading skill is not enough here!
 
Traders should be determined to learning and applying them on the market to turn them into a force. Patience and pursuit are two best qualities traders should install in them.
 
Some people choose the path of trading to become wealthy, but they do so without proper knowledge. To make money in this market, you must first gain knowledge. Otherwise, one risks losing everything.
 
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