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EP18: Why Get a Paid Trading Education?
In this episode of Truth About FX, Walter talks about the pros and cons of getting a paid trading education course versus going online and searching the internet for free modules and forums. Walter highlights that while googling training modules can definitely save you money, having professional advice from experienced traders is still the best way for you.
Hugh also shares from his own experience the idea that if you pay for something that’s going to cost you more money, then you’re more likely to work on gaining the most from it.
http://media.blubrry.com/truth_about_fx/content.blubrry.com/truth_about_fx/TAFX_-_EP18_Why_Get_a_Paid_Trading_Education.mp3
Download (Duration: 07:22/ 8.43 MB)
In This Episode:
00:28 – free stuff out there
01:25 – snake phobia
02:06 – go to a psychologist
03:09 – raw informations
04:23 – level of expertise
05:02 – cultivate your mentality
06:51 – overall educational experience
Tweetables:
It depends on what you’re paying for. [Click To Tweet].
You can find someone that you can identify with and latch onto them. [Click To Tweet].
If you spend the money, then you’re more likely to take an action. [Click To Tweet].
Announcer: Sometimes, forex trading is a wild and wooly place to be. That’s why Hugh is here, to post your questions to Walter, the naked forex guy. Hugh’s got questions and Walter’s got the answers. Here at the Truth About FX Podcast.
Hugh: Hey, Walter. This is a question that I see in the forums a lot. Why should I pay for education when there so much free stuff out there.
Walter: This is a good one. There’s a couple of different things here and you might have an interesting take on this, as well. I’d love to hear what your thoughts are.
It depends on what you’re paying for. Think about it like this: let’s say that I’ve got some sort of fear — maybe I’ve got this fear of snakes — that’s really something that’s been affecting my life because let’s say that my neighbor has snakes in his backyard.
I’ve got this fear of snake since I’m really scared that the snake will come under my fence and come into my yard. This is my concern. I’ve got this unusual fear of snakes.
Now, what can I do? Well, I could go to the store and I could buy a book. Actually, I could go into the internet and just google and figure it out how to deal with my snake phobia. That would be free.
I could go to the store and I could buy a book first at a small price., probably twenty bucks or so. I could buy a book on how to get over that and probably other fears, as well — it would probably have something about snakes in there.
Or, I could go to a behavior modification specialist or psychologist and they could help me get over that. That’s kind of the way that I’ll look at this when you’re talking about trading because there’s a difference between having knowledge of these which I can get online for free...
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By Walter Peters (FXJake) and Hugh Kimura (Trading Heroes)In this episode of Truth About FX, Walter talks about the pros and cons of getting a paid trading education course versus going online and searching the internet for free modules and forums. Walter highlights that while googling training modules can definitely save you money, having professional advice from experienced traders is still the best way for you.
Hugh also shares from his own experience the idea that if you pay for something that’s going to cost you more money, then you’re more likely to work on gaining the most from it.
http://media.blubrry.com/truth_about_fx/content.blubrry.com/truth_about_fx/TAFX_-_EP18_Why_Get_a_Paid_Trading_Education.mp3
Download (Duration: 07:22/ 8.43 MB)
In This Episode:
00:28 – free stuff out there
01:25 – snake phobia
02:06 – go to a psychologist
03:09 – raw informations
04:23 – level of expertise
05:02 – cultivate your mentality
06:51 – overall educational experience
Tweetables:
It depends on what you’re paying for. [Click To Tweet].
You can find someone that you can identify with and latch onto them. [Click To Tweet].
If you spend the money, then you’re more likely to take an action. [Click To Tweet].
Announcer: Sometimes, forex trading is a wild and wooly place to be. That’s why Hugh is here, to post your questions to Walter, the naked forex guy. Hugh’s got questions and Walter’s got the answers. Here at the Truth About FX Podcast.
Hugh: Hey, Walter. This is a question that I see in the forums a lot. Why should I pay for education when there so much free stuff out there.
Walter: This is a good one. There’s a couple of different things here and you might have an interesting take on this, as well. I’d love to hear what your thoughts are.
It depends on what you’re paying for. Think about it like this: let’s say that I’ve got some sort of fear — maybe I’ve got this fear of snakes — that’s really something that’s been affecting my life because let’s say that my neighbor has snakes in his backyard.
I’ve got this fear of snake since I’m really scared that the snake will come under my fence and come into my yard. This is my concern. I’ve got this unusual fear of snakes.
Now, what can I do? Well, I could go to the store and I could buy a book. Actually, I could go into the internet and just google and figure it out how to deal with my snake phobia. That would be free.
I could go to the store and I could buy a book first at a small price., probably twenty bucks or so. I could buy a book on how to get over that and probably other fears, as well — it would probably have something about snakes in there.
Or, I could go to a behavior modification specialist or psychologist and they could help me get over that. That’s kind of the way that I’ll look at this when you’re talking about trading because there’s a difference between having knowledge of these which I can get online for free...