The Mafia Behind Trading Courses: Don't Pay for a Trading Course Without Reading This

Trading, algorithmic or not, is learned through trial and error, trying whatever comes to mind and seeing what works. It's a continuous learning path, where...

ALGORITHMIC TRADING

Javier González-Barros, CFTe

4/1/20243 min read

selling smoke: ajram, moris, el sensei,
selling smoke: ajram, moris, el sensei,

The Illusion of Instant Expertise

Imagine yourself, credit card in hand, ready to invest a significant amount in that algorithmic trading course promising to turn you into a financial wizard. But is it really worth spending a fortune?

The Lucrative Business of Trading Courses

First, let's talk straight about the lucrative business these courses have become. Repeating something enough seems to turn it into truth, a common occurrence in the world of algorithmic trading. Sure, there are fantastic courses taught by real gurus, but shelling out thousands of euros? It feels like we're mixing apples and oranges.

Learning Through Trial and Error

Everything offered in those courses is already in books. Take, for example, "Trading Systems and Methods" by Perry Kaufman, which you can get for less than a fancy dinner. Or "Technical Analysis of the Financial Markets," a must-have that won't break the bank. And let's not forget "Quantitative Trading" by Ernie Chan, or "Trading with Automated Systems" by Oscar Cagigas. If you do the math, the total doesn't come close to what a single one of these courses costs.

The Reality of Trading Education

The real truth is that trading, algorithmic or not, is learned through trial and error, trying whatever comes to mind and seeing what works. It's a continuous learning path, where the best teacher is trial. Moreover, nobody making real money with a strategy is going to give it away in a course or book. Why? Because as soon as that strategy becomes public, it loses its magic. The market adapts, and what was gold yesterday is copper today.

Investing Wisely: Books Over Courses

So, why throw your money out the window on a course when you can invest a fraction of that in books by recognized experts and learn at your own pace? Exactly, there's no reason. With books, you progress at your own pace, experiment with your own strategies, and most importantly, learn from your own mistakes.

Knowledge Is Power: The Path to Mastery

So now you know, you don't need to empty your pockets to be a wizard at trading. What you need is curiosity, eagerness, and a good stack of books that, at the end of the day, won't cost you an arm and a leg. Remember, in trading, as in everything, knowledge is power, but only if you know where and how to look for it.

No Shortcut to Success

Adding to all this, don't think that splurging on a course will soak you in knowledge through osmosis if you don't put in tremendous effort. Think about it, how much do you remember from the courses you took in your first year of university? Would you pass those exams if you took them now? Most likely, you're thinking, "who knows?" And that's because, in any discipline, including trading, mastery comes with passion and the continuous commitment to learn and improve. There are no shortcuts to true success, and although formal education has its value, it can never replace perseverance, personal experimentation, and the ability to adapt to market changes.

selling smoke: ajram, moris, el sensei,
selling smoke: ajram, moris, el sensei,
Reading a lot is the only way
Reading a lot is the only way

The smoke they want to sell you

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