Why Trading Knowledge Simply Isn't Enough...

[Brendan Egan]

When I wrote the Price Action Trading Course, I learned a critical lesson about trading education: Knowing how to personally trade isn't the most important skill necessary when it comes to educating others about trading. It is, in my opinion, more important to know how to teach someone what you know about trading.

Likewise, while most individuals looking for trading education love to flock to a trader who makes millions a year and posts a list of their trades on their website, that does them no good if that trader is not able to teach their methods to others. There are tens of thousands of trading related websites, some of which are scams and others that are actually run by successful traders, but out of these sites there are a very select few that actually are run by traders that also know how to teach others.

Every person learns at a different pace, has a different learning style, is able to comprehend different types of demonstrations, and a good trading educator needs to realize and have solutions for all the complications that arise while teaching others how to trade.

So my advise is simply to do research into not only the trading methods used by various trading website owners but also to do research into their ability to clearly teach those methods. What good is a successful trading method if the trader who knows it so well cannot effectively pass along his knowledge?

[staray22]

Just found your site the other day and am slowly going through your blog posts but I do agree with you. There are lots of websites with people who can trade but few websites with people who can teach trading.

[Brendan Egan]

Thanks staray-- It's very similar to conventional education such as high school, college, or grad school. For example I took an economics class with one of the country's best economists however he was terrible at teaching what he knew. I knew that he was a very intelligent and well respected person in his field, yet he didn't know how to effectively transfer his knowledge to his students.

This is similar to trading--it doesn't do you any good as someone looking for trading education to find someone who has a killer method but cannot efficiently teach this method. So I feel that if you can find someone with a good method but someone that is also very good at teaching, this will be your best bet for trading education.