O.K. Here we go! On the one hand, there is Pro; In Favor:
The principal point in support of purchasing a technical analysis course is that it will help mitigate a trial and error approach if you have no experience. In some ways, this can help speed up your education because you are leveraging the experience of someone else.
The secondary positive point is it can give you some insight into technical analysis if the course is based on sound trading principles. If the system has a solid basis, then it will help you see how some traders use the methods they teach and explain their reasoning behind it.
A 3rd favorable point is a technical analysis course may incorporate several different methods for trading within it. So, you may get more bang for your buck by purchasing a course rather than just a portion of the complete solution.
A fourth big benefit is many courses include a methodology for money management. This can make a huge difference in your results.
Lastly, the 5th reason for support will be how different market elements are viewed by the course creator. Given that the course creator has been trading for a while, you can see how they are looking at the natural rhythm of the markets and how that observation plays a role in their system creation.
And alternatively, to keep this balanced, there’s Con; Against:
Firstly, the point against is going to be the fact that you don’t always know the credibility of the course creator. This could be the case with any course, but perhaps it’s even a greater factor with a trading course as this is your money you are trading.
The 2nd point against is going to be some course creators don’t even trade their own methods. I know. I was shocked too. But you want to make sure that the person who is selling the course also believes in it enough to put is own money behind it.
3rd point against will be some trading systems require a big account to trade them. Look at the system carefully and make sure that you can afford the drawdown before you purchase it.
4th point in contra will be how often the system gives signals. If you have a full time job, you probably don’t need a system that gives a trading signal every ten minutes.
And 5th and last, although not necessarily the least, consideration against is some course examples are cherry picked to only show the best results. While you definitely need to understand how the system works, you will probably want to keep in mind that these are examples and not a prediction of future results..
So there you have it, the pros and then the cons, the points in favor as well as the points against.
So, within a final analysis is buying a technical analysis course a good thing? or just a bad thing?
The reply seems to be “Yes” to both questions! Buying a technical analysis course has both negative and positive. It ought to be left up to you , the trader to decide. Which side, the good or the bad, has got the preponderance of weight of opinion?
And, you can begin by learning some ways to trade with technical analysis for free by clicking here.