The Best Way To Learn To Trade

Learn To Trade PictureEstimated Reading Time for "Learn To Trade": 3 minutes

Have you ever tried to learn something, but couldn't wrap your head around it? Maybe a language? Or a new skill?

Do you remember the times in school, or maybe even in college, when you just stared at your text book and just couldn't understand what you were reading?

Perhaps you've already had this same experience when trying to learn to trade. You've read a book; watched videos; attended webinars and seminars; but you just don't get it. Things aren't sinking in and nothing makes sense!

If this has happened to you, then THIS blog post might help you. Here I will show you the fastest - and therefore probably best - way to learn to trade.

The fastest way to learn new material - whether it's a method, a strategy, a skill or a habit - is to relate the new ideas to something you already KNOW.

Socrates said that “Learning is remembering.”

And Richard Saul Wurman says:

“Facts in themselves don't solve the problem. Facts are only meaningful as they relate to a concept you can grasp … New ideas are not so much discovered as uncovered by moving from what you already understand into the realm of what you would like to understand.”

Source: Information Anxiety, by Richard Saul Wurman, 1989

Let me give you an example:

As you know, I moved from Germany to the U.S. in 2002, and one of my first tasks was to buy a house. It should have been no problem –after all, we do have houses in Germany. It’s basically the same process, right?

Wrong – in Germany, we measure in meters and kilometers. So, you can just imagine my confusion when my realtor started describing lot sizes in half-acre, an acre, two acres etc. What the heck? How big is an acre?

Thanks to Google and Wikipedia I quickly found out that an acre is 43,560 square feet. But that didn’t really help me. Now I knew the exact measurements, but I still couldn’t picture the exact size of “an acre” in my head. I had no frame of reference.

Then a friend of mine told me that an acre is about the size of an American football field without the end zones. And I finally got it! I understood how big an acre was, since I NOW had a frame of reference.

The same is true in trading.

In my last blog post I talked about the three areas of trading: Mind, Method and Management. It's an abstract concept, but I related it to barbequing a brisket - something that you already know. By giving you a frame of reference it was easier for you to learn the concept of the three areas of trading.

And that's my unique way of teaching.

If you ever attended any of my webinars or have watched the videos of The Ultimate Day Trading System to learn to trade, then you know that I frequently use references to things you already know when introducing new concepts. Some of these examples might sound goofy (e.g. when I talk about "walking over hot coals", "how I lost 25 pounds" or "how to talk to beautiful girls"), but I promise that these references will all help you to learn to trade, since I always try to reference something that you already know.

Remember Socrates: "Learning is remembering."

That's it for today! In upcoming posts I will start to dig into the three areas of trading: Mind, Method and Management.

And as always: Leave a comment and let me know if this helps you.
I'm looking forward to your feedback.

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Leave A Reply (31 comments so far)


  1. Doctor Stock
    2 years ago

    I always think the best way to trade while learning is to do so on paper... or in a virtual account of sorts. Beats testing ideas in the markets only to lose money.

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  2. Greg
    2 years ago

    Paper trading and demo accounts can help as long as you remember they are not the real thing (close but not real). Example many people are given a high dollar demo account and do well but lose their shirt when they open a live account with less money. Becuase a 50k account trades differently then a 5k account. Moral of the story trade 1% of your account and you don't have to worry as much as you might have if you over leveraged your trade...

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  3. Daniel
    2 years ago

    Good post! Keep it up!!!

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  4. mick mccrary
    2 years ago

    Great Blogs Marcus......Keep em comming!

    [Reply]


  5. David
    2 years ago

    your on the right track for my frame of mind at the moment.when i first attended school some 67 yrs ago i learnt everything by repition and still find it my best way to get things to sink in and stay put.looking forward to more of your positive teachings Good Luck To Both Of Us David

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  6. Eivind
    2 years ago

    I have tryed to educate myself from 2008 without any success
    My goal was to make profits on demo accounts before I went live,but it seems to be impossible
    I really dont know what the clue is ,and until now after 3 years everything have went the wrong way.
    I have learnt a lot and I myself seems to do everything in the right way,but I know there is some thing I am missing,but I dont know what it is.
    Still I am so certain that the righ thing is to open demoes before you try the live accounts because of the risk to loose your entire money.
    If I cant make money on demoes I think It is impossible to make real money on a live account There are so many of the gurus claiming to making very good money for a living but I must say I really doubt about that claim,sorry to say
    My be I am a little pessimistic but that is the way I am looking at the marked

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  7. qasir
    2 years ago

    i really enjoying reading your post,full of knowledge.

    [Reply]


  8. vijaykumar bhagat
    2 years ago

    coraborating your view that ultimately Trading is a matter of mind. how much charts you may
    digest, ultimately on the spur of the moment during trading hours how you act patiently and quickly at times matters most.
    awaiting for the next.
    vijaykumar

    [Reply]


  9. KUNAL DHOTRE
    2 years ago

    Really helpful in upgrading your knowledge

    [Reply]


  10. Farhan
    2 years ago

    I got somthing from you that benefits me and am willing to learn more from you.

    [Reply]


  11. Richard
    2 years ago

    Good association post, thank you

    [Reply]


  12. Kathleen
    2 years ago

    I wish they had told me that before I started teaching math!!

    [Reply]


  13. adama
    2 years ago

    I like your ebook. It is very motivational and accurate. Experience is the best teacher, especially if it is some one else's experience. The Bollinger Band theory works very well also. Thanks

    [Reply]


  14. Felix Merkel
    2 years ago

    It´s simple, but not easy. Especially if your mind sabotage the "simple".

    [Reply]


  15. Larry Peckham
    2 years ago

    excellent...I quizzed my son on the size of an acre...now he understands and will never forget it.

    [Reply]


  16. CJ
    2 years ago

    Good thoughts. Great post.

    [Reply]


  17. David Synnott
    2 years ago

    Now that makes sense, next piece please

    [Reply]


  18. Peeter Jakobson
    2 years ago

    Great Stuff, however, don't leave me hanging. How do YOU make that Brisket?

    [Reply]


  19. Susanto Susanto
    2 years ago

    hohoho....im waiting 4 your next post, master! :D

    [Reply]


  20. Maura
    2 years ago

    Thank you for writing your blog.

    [Reply]


  21. Maura
    2 years ago

    Appreciate reading your blogs

    [Reply]


  22. reggie
    2 years ago

    I like it and I can relate to your complications
    with measuring since I am from Mexico

    [Reply]


  23. Jose Herrera
    2 years ago

    This was very helpful and I really looking forward to get to the best part, I mean to learn the skills and techniques to trade the forex market, but for now thank you!
    Have a nice day.

    [Reply]


  24. Rollieroger
    2 years ago

    Every individual needs to discover what kind of a learner he or she is. Some can read the book. Some can listen to explanations. Some absolutely need the hands on experience. I also think that the very nature of trading draws on both "left-brain" and "right-brain" types of thinking to be successful. This may be responsible for the low success rate. I do not consider accountants to be ideal traders. They have the "left-brain" logic down pat, but they don't necessarily have the "right-brain" skill to identify chart patterns as they are developing and imagine how they might complete themselves. I suppose the key is knowing what we know and working like heck to improve the skills that we seem be be lacking.

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  25. A Nat
    2 years ago

    Excellent Markus. What a joy reading your book was, so simple and clear yet covered all that a beginner should know. Wish I had come across this earlier but hey better late than never.

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  26. German Cuartas
    2 years ago

    I'll wait for the three Ms, Thank you

    [Reply]


  27. Mriazkamran@gmail.com
    2 years ago

    Markus:

    Read your book Day trading strategy and also watched videos. Simple and straightforward.

    1. As you mentioned in video, you only use Volatility based charts for day trading, which is 20 tick bar chart. Searched hard trading platform has option to use Volatility based charts with ticks bars. Do you have an idea which system supports this option and approximate cost?

    2. If can not find tick bar charting software, and want to use time based bar charts then what time frame would you think close to tick based bar chart?

    3. Placing an order, one tick above high of bar (in uptrend) and one tick below low of bar (in downtrend), how many cents you consider equal to one tick? And if using time base charts then how many cents will equal to one tick bar (rouoghly).

    Thanks, Kam

    [Reply]


  28. Lex Tyrone
    1 year ago

    Excellent read here about trading. I was always looking for resources such as this one.

    [Reply]


  29. donnyabdee@yahoo.com
    1 year ago

    Thanks for the explanation from you during this time. may the knowledge and experience you can help us especially me who just learn trading,

    [Reply]


  30. anita
    1 year ago

    this will be very helpful I believe, and thank you very much so far

    [Reply]


  31. Dave
    1 year ago

    in the hospital last week and didnt get a chance to watch all the free videos. Is there going to be another trial for these videos?

    [Reply]

 
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