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Switzerland & prop firms

Learning to trade in Geneva: the options, honestly compared

Self-taught, online courses, in person, mentoring: five possible routes, none universally best. I run a trading school in Geneva, so I have a stake in this comparison — all the more reason to say what each option does well, and who it is wrong for.

Self-taught: free, and that is precisely the problem

Everything is available for free. ICT concepts are documented online, in video, in articles, including in this site’s glossary. Nobody needs to pay to learn what an order block is. On pure information, teaching yourself deprives you of nothing.

Its real weakness is not the content, it is sequencing and filtering. You do not know what matters, so you learn everything flat, and you accumulate vocabulary instead of building a method. You also do not know what is wrong: a good half of what circulates is confused, contradictory, or sold by someone who has never held an account.

The other weakness is harder to admit: you are the sole judge of your own mistakes. And the mistake that costs you is almost always the one you cannot see — otherwise you would have fixed it. An outside look at your trades is worth more than ten more hours of video.

Who it suits: very disciplined people, who keep a journal without being told to, and who have the time to accept a longer road. That is a minority, and if you are in it, keep your money.

Read next: Order Block · Market structure

Online courses: the best value, with conditions

A serious online course solves the sequencing problem: someone decided what to learn before what, and cut the noise. For the theory, that is often enough, and it is markedly cheaper than in-person teaching. I say that while preparing a bootcamp: for an autonomous, methodical learner, a good online course can be perfectly sufficient.

Three signals to check before paying, whoever the seller is. Is the syllabus visible in detail before purchase, or only after? Does the instructor show their reasoning on charts, including when they are wrong, or only their wins? And is there a way to ask a question and get an answer from a human?

The inverse signals are just as readable: a countdown timer, screenshots of bank statements, a promised return, no detailed syllabus. None of those proves the content is bad — but all of them say the seller is betting on urgency rather than on content.

The format’s limit is the same everywhere: nobody watches your trades. You will learn the theory, and you will be alone on execution, which is the hard part.

Broker and prop firm resources

Plenty of brokers and prop firms offer webinars, articles and free academies. Quality is sometimes good, particularly on market mechanics, order types and risk management. It is a useful supplement, and the price is unbeatable.

Just keep the business model in mind. A broker earns on your transaction volume; a prop firm earns on your evaluation fees. Neither has any interest in you trading less often, while trading less is precisely what you need to learn. That bias does not make their content wrong, but it explains what it will never say.

So use them for what they do well: understanding the tool, the platform, execution mechanics. Not for deciding your style or your trade frequency.

In person: what it actually adds

In-person teaching does not provide better theory. The same theory is available elsewhere, often for less. What it adds is elsewhere, and being precise about that is the honest thing to do.

First, live correction. When you annotate a chart in front of someone who has read the same thing for years, your reading errors show up in thirty seconds instead of three months. That is the main gain, and it is hard to reproduce remotely.

Second, an imposed rhythm. A week blocked out in a calendar produces more than lifetime access opened three times. Most online courses are never finished, and that is not a flaw in the course.

Third, watching someone not trade. That may be the most useful and the least sellable part: sitting through a session where the right call is to close the platform teaches something no video conveys.

The limit is clear: it is the most expensive format, it imposes a geographic and calendar constraint, and it does not replace the months of practice that will follow. If you want to understand the theory with no other constraint, it is not the most rational format.

Read next: Killzone

One-to-one mentoring

One-to-one coaching is the most effective option per hour spent, and the most misused. Its value is working on your own trades: your entries, your exits, your journal, your recurring lapses. It is the fastest route to fixing execution.

It is misused when people come to it too early. Without foundations, a one-to-one session turns into a theory lesson billed at bespoke rates — you pay a lot for what an online course would have given you. Mentoring becomes worthwhile once you have a trade history to examine and precise questions to ask.

A good indicator: if your questions start with “what is a…”, you are not at the mentoring stage. If they start with “why do I systematically…”, you are.

How to choose, in three questions

First question: do I finish what I start without being made to? If yes, start free, then online. If not, pay for the constraint — that means in-person teaching or coaching with scheduled sessions. You are not buying information, you are buying a frame.

Second question: does ICT reading speak to me? Test that before spending anything. Follow free analyses for a few weeks and try to find the described zones on your own charts, after the fact. If the logic does not click, no course will fix that, and it is better to find out now.

Third question: how many months can I give this two hours a day? That is the variable that determines everything else. Below six months of regular practice, the format you choose will not change the outcome.

And one criterion that holds for every format, in Geneva as anywhere: walk away from anyone who promises you a result. The only thing an honest course can guarantee is a clear teaching framework, not an income. If you are promised more, the question is no longer whether the course is any good.

Read next

How much do you need to start trading in Switzerland? →ICT or classical technical analysis: what actually changes →How long does it take to become profitable at trading? →