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Can trading be self-taught?

  • #41
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  • Apr 4, 2024 9:52am Apr 4, 2024 9:52am
Forex is very hard to do and as a newbie we can learn free but paid membership is also required to enhance your learning experience.
  • #42
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  • Apr 10, 2024 11:20am Apr 10, 2024 11:20am
Yes, trading can be self-taught, but it requires dedication, discipline, and a willingness to learn. With the abundance of resources available online, such as books, tutorials, forums, and simulation platforms, aspiring traders can educate themselves on market analysis, strategies, risk management, and more. However, self-teaching also carries risks, as novice traders may encounter misinformation or develop bad habits without proper guidance. It's crucial for self-taught traders to continually evaluate and refine their skills, seek feedback from experienced traders, and stay updated on market trends to enhance their chances of success in the dynamic world of trading.
  • #43
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  • Apr 22, 2024 3:31pm Apr 22, 2024 3:31pm
As a novice trader, you should communicate with friends more often and learn their ideas and some good habits, which is crucial for you to be able to trade well.
Trading life is full of fun
  • #44
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  • Apr 22, 2024 6:06pm Apr 22, 2024 6:06pm
Becoming a consistently profitable day trader in XAUUSD requires education, risk management, and discipline. Learn market dynamics, develop a trading plan, and practice strategies on demo accounts. Implement strict risk management to protect capital. Stay updated on economic indicators and geopolitical events affecting gold prices. Cultivate psychological discipline to stick to your plan and avoid emotional decisions. Achieving consistent profitability varies for each trader, taking months to years of dedication. Regularly review performance, learn from mistakes, and adapt strategies accordingly. Consider joining trading communities for support and mentorship. Success hinges on continuous learning, patience, and disciplined execution.
  • #45
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  • Apr 27, 2024 9:21pm Apr 27, 2024 9:21pm
Trading itself is a relatively easy since it involves buying and selling action, setting stop and profit targets, choosing leverage etc. However exploring nuances of price analysis and prediction is harder and is getting harder every day because of a competition.
  • #46
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  • Apr 28, 2024 5:15am Apr 28, 2024 5:15am
Quoting CaesarCrypto
{quote} So if I would study for years and know the 200 "best" trading books and strategies by heart, but I lose my mind on the moment I place a trade, let it run against me when I should close it and close it when it goes my way and I should let it run... Would I be a profitable trader? Best luck to you all. C
There are books on emotional control
  • #47
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  • May 10, 2024 9:57am May 10, 2024 9:57am
Absolutely it can be self taught, but each person is different and the learning time will be different so you cant put a timeline on this being accomplished.
  • #48
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  • Jul 31, 2024 5:10pm Jul 31, 2024 5:10pm
Of course, but you will need a lot of patience. Make use of free educational material also, there's so much out there!
  • #49
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  • Aug 2, 2024 11:43am Aug 2, 2024 11:43am
Yes.
  • #50
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  • Aug 2, 2024 8:26pm Aug 2, 2024 8:26pm
Yes.
  • #51
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  • Aug 5, 2024 6:40am Aug 5, 2024 6:40am
Yes, trading can be self-taught through many resources
  • #52
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  • Sep 7, 2024 11:34pm Sep 7, 2024 11:34pm
Yes. There are many resources to learn trading like youtube, discord, reddit, etc.
  • #53
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  • Dec 12, 2025 1:53pm Dec 12, 2025 1:53pm
Quoting Tabary
Hello like the thread tittle... but in detail is : can I become a consisted profitable trading XAUUSD as a day trader? if so, how long does it take?

Hi, of course it can be! just takes time, dedication and resilience. if your an intelligent person or a person who can notice/spot patterns fx trading will become easier. The markets are made up of patterns similar to chess. spotting these patterns takes time and alot of time, wins, losses, testing. ect....
so to answer your quuestion yes
  • #54
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  • Last Post: Dec 12, 2025 2:27pm Dec 12, 2025 2:27pm
It is possible to self learn and trade by yourself, I believe every single person on this thread is a self taught individual, but in the long run you somewhere to understand a few things that can be taught by an expert only. But all three factors are important to decide the bias. The Fundamental, Economical and Technical Indicators are important to understand.
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