Why You Can’t Learn to Trade With an Online Course
The internet is chock-a-block with information about trading. There are videos, articles, free courses, paid courses, communities and various other resources. You could say, there’s everything a budding trader could possibly need.
In that case, why do so many traders continue to fail?
Of course, we could put it down to personal factors. The old maxim about trading success being “80% psychological and 20% skill” is an easy excuse. But I believe the problem is much more fundamental and applies to learning any complex skill online.
The problem with online learning
The e-learning market surpassed $250 billion in 2020, according to Global Market Insights. More people each year are turning to the internet to learn new skills. Trading is no different.
At The Duomo Initiative, we used to offer an online course for people learning to trade. Then, a few years ago, we discovered that a course alone was just not enough. There was an important missing piece…
Feedback.
Feedback is an absolutely critical part of learning a skill. Not only does it play a major role in deliberate practice, but it also helps inform learners of the direction they need to go in.
