ACTIVE versus PASSIVE trading
I've been getting hit with a one-two punch question and I thought I would share it with the rest of you... He simply ask: How do you learn to trade, do you learn with Books, videos or documents on the website? The room says training... isn't this a trading room where you call you out trades?
The training is all live... because this is Order Flow and working with DELTA... the best results come from the apprenticeship program where you can ask live questions to several different members. Here they can instantly show you on the screen how you need to approach each trade, but more importantly how to manage the trade once you are in the trade.
In the beginning I tried to read books, watch videos and went to countless seminars and still couldn't figure out how to trade or how to correctly use a trading software program. So, why is it next to impossible to learn how to trade this way?
Think of learning how to ride a bicycle... the SAME as learning how to trade. If I send you several books, and hours of video would this help? No, the only think it does is wet your appetite for more... Because you are learning in a PASSIVE environment, the only way to become a successful trader (In my opinion) is by ACTIVELY engaging yourself into the learning process by DOING it.
Here's Why?
You still do not know how to ride the bicycle because you don't have the skill set of BALANCE. In order to ride the bicycle you need to learn to balance the bike and the helping hand of an adult. The balance, what holds the bicycle upright combined with the forward motion is a critical stage and this only happens through apprenticeship.
Over the years have I have written many .PDF documents and recorded hundreds of videos... I would be lucky if I helped one person in a thousand learn how to trade this way. Now, this is not to say books do not have value, I believe they add a lot of value, but learning how to trade is something is completely different from reading because reading is passive versus action (actively engaged).
Think about it, how have people learned any SKILL or TRADE over thousands of years? Through apprenticeship... you learn by working side by side with somebody who is already doing it... they didn't have books and videos thousands of years ago. Why do you think the MILITARY of ANY nation trains people through ACTION apprenticeship... because you can't learn how to FIGHT by passively READING a book or WATCHING a video.
Why is the MBox room different?
First off, we do not have a trading room, we have a training room... very big difference. We teach the user how to trade so they don't become dependent on the moderator. We do not spoon feed traders... we teach them how to fish, so they can fish anytime, anywhere. In other words, if your goal is to just piggy-back off somebody else's trades... then get a hedge fund and save yourself the time of learning how to trade
Second, In order to fully explain HOW and WHY the indicators work, I show the user what is going on and educate them on the how the indicator is functioning so you will know how it works. Obviously we don't give out the source code so understanding how the software works can help the inquisitive mind, but it will not help them become a successful trader. Good traders Many great traders are not brainiacs... most of the really good ones are street smart. Don't be like so many other traders who get stuck in constant discovery mode... where they incessantly sitting in front of the computer and screwing with new indicators and optimizing parameters looking for the holy grail. Trading is about learning a skill set and the best way to learn is through an apprenticeship.
Becoming a successful trader is a two part process. First, you have to have tools that will give you and EDGE. MBoxWave is a software built to show imbalances in such a way that you can see the EDGE on the screen, this is why IMBALANCES are very important... it's showing you where the line of least resistance is on the data. https://mboxwave.com/buy-sell-imbalances-strategy
Here is another thing that drives me nuts... People say: "I need to know exactly how your indicators are calculated before I can trade".
This is STUPID and just FAULTY thinking... Let me prove it.
Do you understand ELECTRICITY works... I mean can you tell me EXACTLY HOW IT WORKS?
No, but you do know how to flip a switch and turn on a light right? So, there you go, you use Electricity every day in your life and you have no idea how it works. Same goes for trading, if you need to know the source code WHY a indicator works... do yourself a favor and heed these words... pick another profession. Your brain is stuck on the WHY and not the HOW.
You don't need have a high IQ or be extremely smart to be a good trader. but you do need to know how to turn on a light switch and except that the it will stay on until you turn it off. Over the years, those people who understood how to cut losses and get out of losing trade without having to ask WHY is it not working... were the ones who did very well. If you know how to turn on a light switch and use the tool (in this case the computer) and don't need to know how it's built... then you have what it takes to learn how to trade.
That's a long answer to your question, but I wanted to make sure you understand the WHY and that the kind of training you get when you sign up with MBoxWave training room: https://mboxwave.com/mboxwave-apprenticeship-training