As a trader in a proprietary trading firm, it is common to receive questions on the practicability on paying for a trading course.

While paying someone thousands of dollars to master the “secrets” or “holy grail” to beat the financial market sounds like a good idea, allow me to share my humble point of view.

Trading Firm’s Interview Question vs Trading Courses’ Advertisements

I still remember going for my interview at my first proprietary trading firm, part of the interview questions were:

Are you able to survive the first 6 to 9 months without a paycheck Are you willing to put in long hours every day to watch and learn the markets Are you aware that only about 5% of the people can make it in this competitive field and what makes you think you are one of them

Now compare the above questions headlines one usually sees on …