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Trading Unveiled: Essential Truths for Beginners!
1,092 students
Trading Unveiled: Essential Truths for Beginners!
Trading Myths Debunked: Exploring Zero Sum Games, Why not Everyone can Win, and the Reality of using Technical Analysis.
Created byJames Flannery
Last updated 5/2023
English
What you'll learn
- Understand the concepts of zero-sum and negative-sum games in trading and their implications for overall market performance.
- Analyze the reasons why not everyone can win at trading and how few actually do.
- Evaluate the percentage of winners in trading and how this relates to the level of competition in the market, including the impact of institutional investors.
- Examine the differences between prediction and probability in trading and how these concepts can inform decision-making in a market environment.
- Assess the limitations of chart-based technical analysis in modern trading environments and why it is becoming increasingly ineffective.
- Understand the types of technical data used in algorithmic trading.
- Debate whether cryptocurrencies have intrinsic value and evaluate some factors that can influence their valuation.
- Analyze the question of whether trading is a form of gambling and evaluate the similarities and differences between these two activities.
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Course content
10 sections • 13 lectures • 1h 21m total length
Requirements
- Some basic understanding of trading and analysis concepts recommended but not required.
- Understanding terms like bid/offer, limit orders; and some technical analysis terms like trends, support/resistance, RSI is helpful but by no means essential.
Description
In this eye-opening and surprisingly candid course, we'll explore the uncomfortable truths behind trading and debunk some common misconceptions.
First, we'll delve into the concept of zero-sum games and why not everyone can win. We'll estimate the percentage of traders who lose and explore how broker fees play a significant role in creating losing traders. We'll also speculate why trading competition today is fiercer than ever before.
Moving on from this, we'll examine why technical analysis often fails in today's market, and how institutional traders use a different approach. We'll look into the forms of technical analysis used by institutions and explore why they are more effective than the charting methodologies pitched by retail trading instructors.
You'll learn that trading is not about making accurate predictions about the future direction of the market, but rather it is about understanding the odds and probabilities of different outcomes, catalysts and market narratives.
We'll also take a look at the world of cryptocurrencies and assess their true value. You'll discover why crypto is so risky and whether it has any real value at all.
By the end of this course, you'll gain a deep understanding of the market's dynamics and its true nature. You'll learn the essential truths about trading and gain a new perspective that is essential for navigating today's increasingly complex markets.
Who this course is for:
- Essential for a complete beginner with little to no prior experience.
- Perfect for those who have already started trading and want to refine their understanding of fundamental concepts.
- Vital primer for all retail traders who want to understand and counter common misconceptions and misinformation in trading.