5 Questions to Ask Before Buying a Trading Course
5 Questions to Ask Before Buying Trading Education ๐ฏ
1. Can you show verified statistics? ๐
A public Myfxbook or FX Blue link โ every trade over 6โ12 months, drawdowns included. Screenshots don't count.
2. Do you have an affiliate deal with a broker or prop firm? ๐ฐ
He earns a share of the commission on your volume. Including when you lose.
3. When does your method stop working? โ๏ธ
"It always works" means it can't be verified.
4. What do we do during a losing streak? ๐
You need numbers: where you cut size, where you stop.
5. Program and contract before payment. ๐
A transfer to a personal card in DMs is not education.
Some context: ๐ a University of Sรฃo Paulo study of 19,646 day traders found that among those who persisted beyond 300 days, 97% lost money. EU regulator data puts retail accounts in loss at 74โ89% โ that figure is on your broker's own website.
The main thing: โ ๏ธ even an honest course guarantees nothing. Five losses in a row will happen โ and it's you who decides whether to chase them. Someone can hand you a method. Following it is on you.
Keep a journal from day one: one mark per trade โ rules followed, yes or no. After 50 trades you'll see where the problem actually is. โ๏ธ
No link to verified statistics โ conversation over. ๐ซ