Can we really make money by forex trading course/webinar/seminar?

I paid for a few courses from udemy its seems pretty good and I feel it helping a total newbie like myself if anything it at least helped me understand or shift my mindset into that of a trader. So far haven’t made any trades but Ill feel a bit more confident when start but the course was cheap enough $12 so it’s not too bad

First you have to understand that anyone selling a course or organizing a seminar has a motive. He wants to make money by giving you information. Most of them are not successful traders. Keep that in mind. What you do with the course is up to you.

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I can’t speak for others but let me talk about my experience. When I first started out, I went through babypips , took a course with Jonathan Fox which was really basic (waste of money), watched lot of you tube content, read lot of books. I demo tested lot of strategies with demo money for over 3 years until I became profitable. Bottomline, is that a course can only teach you basic concepts and will not make you profitable overnight. The only way you will become profitable is through experience and no course can teach you experience. For me it has been a long journey - took me at least 4 years of lot of demo testing and then using real money to finally become profitable. Finally, I have developed my own profitable system based on the concepts I have learned and practised over the years.

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After attending so many “trainings” and “orientations”, this kitty tuwwader has arrived at samm conlusions why I’m not wuvving it:

  1. 90 purrcent of what they will kitty teach you, is found on the internet FOR FREE (Gasp!)
    You know what, imma share with you a super secret website where the gurus take their teaching materials from: Learn Forex Trading at School of Pipsology - BabyPips.com (Don’t kitty tell the gurus i spoiled their secwet) :cat:

  2. Trainings and seminars can only go so far. There are some things (if not most) that you have to kitty learn through EXPERIENCE. You can’t teach everythin by making kittens read books and look at pictures. You can’t teach tradin psychology like making em cry and drink beers after losses. You gatta make em feel the emotions of fear and greed and make em get hurt with losses coz only experience will let em consolidate/ put together what they learn in theory. It’s not like kittygarten where you read and take a quiz. At the end of the day, you gotta put money on the line.

  3. Those who CAN’T DO, TEACH. LoL. Well maybe their accounts are experiencing slack so they make up for it by sponsoring trainings. LOL. We have an inside joke between us kitty traders:
    “When the mawwket is DOWN, the GURU SEASON starts! When the mawwket is up, SHOW PORT SEASON starts”

  4. Every cat for himself. What woiked for him might not woik for you. Different traders, different trading styles, different risk appetite, different psyches
    I had a mentor who was soooo into Elliott Wave. I found it too difficult and felt like stuDYING for a PHD. I quit his program in a month. LOL. Not for me. I found samtin else that worked then stuck with it. :heart_eyes_cat:

  5. Credentials. You can’t let a BUTCHER teach you how to be a BARBER. (wead between the lines)

Thanks for reading. Peace out and no offense to genuine mentors. Meow! :cat:

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I can attest to the fact that there are a lot of charlatans in the FX market proclaiming to be able to make you rich beyond your wildest dreams. I get spammed by them day in and day out. Baby Pips is a great place to start and can teach you a lot. But to really learn I believe that everyone needs a good coach mentor teacher sifu whatever to help and quide you become a competent trader.

I have been down that road and I can confidently recommend two traders who teach and are genuine in their desire to help new traders become competent traders. One is David Duty Common Sense Commodities who has a daily trading webinar featuring live trading and the other is Al Brooks. Completely different styles but both well worth the money you pay for their services.

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Although I do agree with most comments here, there can be some benefits I believe in purchasing a course. Maybe there’s something you can’t find an explanation for on the internet, where as in a course you can. Sometimes just a simple information can go a long way and at that point the price you paid could be worth its value.

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you’re so kitty-bulous…love it

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Thank you foww the support, dear hooman. We cats live to help. :smiley:

it depends on situation , generally broker company always arrange learning course , webinar or seminar for their advertise, nothing without it. so very little chance there is to bring profit by that type of.

You are asking can we basically con people into buying our bullshit course over time trough whole time of it and without any emotion over that ? I bet we can, but there will be somebody who will stop using that anyway. I am kinda lost with all.

Sure we can and the whole single or not that many persons who will make money from that will be that people who taking that course seminar or something like that totally and completely. See my point with all that matters ? I hope you really do.

True … well said (apart from the cat language lol :smile:)

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according to me, webinar and seminars are just for learning and to gain a little knowledge of what new your fellow traders are upto. making profits off the trades is totally upto you, how you use your knowledge and strategies.

From a single webinar, absolutely not. As a newbie there are a lot of things you have to learn and familiarize yourself with. If someone teaches you a concept, you have to practice it a lot to internalize it. Of course, there are lots of concepts, so you can’t get rich quick.
A good course with a real teacher, could cut down your learning time significantly. The problem is finding a good course. The good stuff is buried under the scams. Most programs advertised are fluff that only teach some basics and offer numerous upsells to gain more insight. Who knows better than a scammer that people love to hear that they can get rich quick, that’s why they advertise their programs.
I do wish that there was a program I could have gone to when I started out. Back then there were only advertisements for “bots who made money 99.99% of the time that you can set and forget and laugh all the way to the bank!”

Can we really make money by forex trading course/webinar/seminar?..

Yes or No! Simply depends on yourself. I think no need to do any Forex trading course instead of any course its better to get basic knowledge from any source specially GOOGLE. Because all institutes who offer Forex trading courses just tell about basic concepts which any one can know from search engine now a day. But Webinar and seminar will be helpful :grinning:

Off shore key course

Personally I think your just paying to get hyped up about trading… Not one paid course I joined did I truly get something out of. I joined one myself honestly for $600 which absolutely sucked, his videos were boring, he ranted about nothing useful, and overall he did not deliver. Then I joined another trading community for $250, and that trading community was the absolute best I ever joined. However, there are 3 main traders that host the market scans and video workshops… One of them is an absolute bore to me and I keept stay awake following him. So I think getting use out of it really depends upon a couple things:

  1. Is the person giving the seminar entertaining
  2. is the guy giving the seminar simply a marketer or does he know what he’s talking about.

The first one you can find out hopefully from some other videos before you sign up, honestly the 2nd one you won’t figure out until you actually join his webinar or course unfortunately…

Good Luck

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Yea, the course I joined was only $250 also, now it’s $300, and that’s helped me out tremendously, and still is :muscle:t5:

There are different levels of training and training. There are simple, introductory they can be free. I’ve been in webinars. But I paid for the participation.

I like seminar