Should I pay for beginners education in trading?

<p>No, most of what is taught in paid trainings is also on YouTube for free, the biggest difference between a course and a YouTube video is all the material is bundled in one convenient place so you're paying for convenience more than anything. All indicators and parameters and explanations are provided by most if not all brokers and you can find other people who have played with settings and codes in forums most of the time. When you pay for a course you also don't get the experience which is really where you make money by knowing what doesn't work and avoiding doing that. Trading is a lot about making money, but it's more about NOT LOSING IT. If you open a position it will go up or down, if you open a position based on qualifiers you increase your chances of profits but losses will always happen, you can't escape that. It's all about making money, and not losing it all, or more. Simulations are fantastic for lower income individuals because you can learn the software, learn what market is for you, and learn some indicators without risking much, if any money at all.&nbsp;</p>

<p id="isPasted">You should develop a habit of reading. Reading is a superpower, that will surely help you to preserve your capital. You can find many e-books for free in pdf formats. you can read them and learn more about investing, economics, psychology, accounting, valuations, etc. this knowledge will help you become better investor.</p><p>You should become intelligent investor, you have to imagine that you have a business partner, lets say his name is Mr. Market, now Mr. Market is very emotional person, he will daily offer you to buy and sell part of his business. Some days Mr. Market is greedy and some days Mr. Market is fearful. If Mr. Market is selling his business at a discount, intelligent investor should buy, if Mr. Market is buying your business at a premium, intelligent investor should sell.</p>