Can You Learn to Trade by Yourself Without a Course?

Learning to trade, and particularly learning to trade by yourself can be a daunting task. You might feel lost and unsure of where to start. In this article, we will go into how you could learn to trade by yourself, and give you some valuable tips on what you need to be aware of. So can you learn to trade by yourself, without a course?

Yes, you can learn to trade by yourself, without a course, if you are patient and understand that it will take a lot of time! Trading is a competitive industry, and to succeed you will have to pave the path for your own success. Still, those who would like to fast track their success will find that investing in a good trading course will pay itself many times over!

How to Learn to Trade By Yourself
Learning to trade by yourself is hard, but not impossible. It requires patience, perseverance, and the willingness to learn by failing and starting over again. In fact, at the beginning of your trading career, you will probably do most things the wrong way. However, with the time you will learn from your mistakes and gradually gain more and more knowledge.

It is very important to understand that you will face huge challenges, of which many will feel insurmountable. You might even consider giving up since there never seems to be an end to your issues!

You can be sure that every self-taught successful trader has felt the same! Trading is VERY frustrating. The markets are merciless, and those who do not obey its rules, or try to impose their own views of how it should work, will not succeed.

If you were limited to only remembering one thing from reading this article, it should be to keep your mind open. As a beginner, most of the views you hold of the market are not true, and as such, following them blindly and trying to impose your views on the markets will never make you any money!

Tips for Learning to Trade by Yourself
So, let’s get to some valuable tips that we know will be helpful if you are striving to learn to trade by yourself!

Be Humble
Being humble is key to becoming a good trader. As we have touched on earlier, trying to impose your views on the market is NEVER going to work. In fact, this is one of the few certainties there are in trading. The market behaves as it does regardless of what you believe, and why you believe it.

Do Not Follow the Crowd
The fact is that most traders are losing traders. As such, following the advice that a majority of traders follow, will not take you long. Most of the specific advice on how indicators should be used, or what chart patterns that work the best will be of no value to you, since it does not work!

It certainly is tempting to believe in the things that people say, especially when it is so much easier than coming up with ideas and concepts yourself. However, from testing most of the things that are out there on historical data, we are comfortable making the claim that most of the information is wrong, and does not work!

Rise Again
Being a successful trader means doing the things that most others do not. As such, you are making your way in uncharted territory, and are bound to make mistakes, some larger than others. In fact, making mistakes and acknowledging them is one more step in the right direction.

Do Not Use Real Money in the Beginning
The harsh truth is that everybody makes mistakes in the beginning as they learn to trade. It is not uncommon for new traders to trade for a long time before they manage to achieve consistent returns!

Do not trade with real money in the beginning. Instead, paper trade or open a simulated account until you feel like you are ready!

Do Not Underestimate the Psychological Pressure!
One of the main reasons why trading is so hard, is because it is so psychologically demanding. The loss aversion is deeply rooted within us, and becomes a hindrance to profitable trading, since you cannot make profits without losing now and then.

In fact, with some trading systems, often trend following ones, you could have a win percentage of as low as 25%, which is all compensated by the massive size difference between losing and winning trades!

Can You Learn to Trade by Yourself Without a Course?


Of course you can.

I prefer to believe the person may do everything he wants to. Of course you can learn trading yourself. But it may takes a lot of time. While courses may give you skills for the less time period. Think about.

Hi Roco,

A course should give you a structured syllabus to learn, videos to watch books to read ,whether it be in house or on line 2k 3k 4k ££ for information you can find on line.
then they want you to use there broker Mmm.

Nothing is free, a course will cost, you may learn spread, leverage, money management,swaps,margin,stop,hard stop, and all the rest very quick and all this information
is fully available on line. but not the profitable strategy you seek.

The skills to trade are in the trading learning journey then you will arrive with your strategy.

It really doesn't matter what instrument you trade when you open your charts ,but you must have a proven strategy with the win lose ratio in your favour forward and backtested
over a period of time ,to show your equity curve is profitable.

Surely nothing is free. Time costs money. You need time to learn, you need time to practice. And it depends only on your desire and ability how quickly you can achieve this. But when you are under someone's control, it motivates you more. So you get results quickly.

Under someones controle.??????

Please , unless you have a quality mentor.

Read Read Read.and learn the game on your own.

unless your controller is going to give you the keys,,,,, then walk away.

I am a self-taught trader, and the chart is the best teacher, it will tell you what to do.

From my experience is posibble and I think that is the best way. There is no universal recipe and everyone need to find his own way and strategy that gives him result.

Chart is a great teacher. But it can be deceitful.

The chart is a trace of the price, it is objective. Deceptiveness can also only mean that there is a problem with the angle from which we look at the charts, and this problem is difficult to avoid. After all, we cannot read the whole of the market through the charts.

I have, it takes time for some. There's learning how to trade, Then there's learning how to trade with your emotions included ( demo vs real ). In my opinion working on each other separate is best so that you get the full understanding of trading yourself. Its really easy to learn other peoples ways of trading after we learn ourselves tbh ( like going back and reviewing they're entries and exits (times) etc.. Cheers