how to learn trading?


Some people don't understand nice.

Padu has been lying on this forum for a long time and he has been exposed multiple times, yet he keeps doing it and nobody is doing something about it.
 
Evan Thomas said:
Who's Padu?
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Padu Trader is a guy that day and swing trades fx pairs and claims (paraphrasing) "to have found the secret to profitable trading after 30 years..." or something like that.

He's light on specifics but I think it's based on TA type stuff, support / resistance and trend lines etc.
 
A trading mentor is the strongest determinant of success but that term itself is an oxymoron. Anyone who sells education is NOT profitable - be absolutely clear on that.
There are successful traders who are willing to impart their wisdom and you will find they do not charge anything, the only problem is there are lots of opinionated unprofitable traders who also dispense their advice free of charge and it can be hard to tell the wheat from the chaff.

A lot of it comes down to luck in meeting the right people but the qualities needed for a new starter are:

1) to stay teachable
2) but also have a good nose for bullshit

Ultimately though, trading success is a path of pain. Will take years away from you and success is not guaranteed. Very few ppl make it, and for the rest - they let life pass them by. If ppl close to me asked for advice (and they have), I would tell them not to do it... but since I think you're gonna ignore that advice (lol), just know the rabbit hole is deeper than you think and perhaps put a hard stop loss on the time you invest in this endeavour.. cos 2 years can quickly become 3, 5.. 10. But I guess no one will tell you that...
 
Evan Thomas said:
Who's Padu?
More...
Real Money said:
Padu Trader is a guy that day and swing trades fx pairs and claims (paraphrasing) "to have found the secret to profitable trading after 30 years..." or something like that.

He's light on specifics but I think it's based on TA type stuff, support / resistance and trend lines etc.
More...
He is willing to mentor us newbies for free.

Don't know how good he really is but I would probably take him up if I am a struggling fx trader.
 
I personally would want to be mentored by someone who is actually succesful.

Padu is not so i don't see how he could be a good mentor. I might be wrong since he also claimed he trained Goldman Sachs top traders.
 
smallfil said:
There is a lot of free information on You Tube and the internet. You have to cobble or put them together like bits of a puzzle. I have shared a lot of useful information myself on this message board as well. Let us get real. Nobody is going to give away their secret sauce. Especially, the top traders on Market Wizards books. Now, you have to find your own secret sauce. It is not an exaggeration to say I have 150 books on trading and investing in my library. I have even donated all the ones on buy and hold investing to the local library. We are all competing against each other so, why would anyone give up even a tiny edge that would be shared all over and dilute its effectivity. That said, the trading world is huge. You can find your niche in day trading, swing trading, trend following, etc. With all the free information out there, you can be a successful trader if you devote time to studying what works. Study a trading method (day trading, swing trading, trend following) and master it. You will be on the road to making a lot of monies. Warning: Lots of ET trolls just spread disinformation. Do yourself a favor and block all of them.
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Thank you smallfil,

I 1000% agree.
 
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