If you search for “market trading course” online, you will see that there are many companies out there that offer trading courses on the different financial markets including stocks, forex, futures, among others. While it’s easy enough to say that all of these courses are created alike, a cursory look at their respective product information will reveal differences, and these differences will determine if you are going to succeed in trading the markets or not.
In this article, we are going to help you find the best market trading course so you can learn how to trade and importantly, make a lot of money from it.
We have done enough research to know that the best market trading course should be strong in the following areas: foundation, coaching, and support.
Foundation means knowledge on the different markets and how they work. If you are interested in trading stocks, there should be enough foundational information. The same is true for forex and futures. While you can get foundation information for free online, paid courses typically offer much more extensive information to give their students a thorough understanding on how trading in the different markets work and what strategies are currently being employed. But foundation information is really just one aspect of trading, and if we have to crunch numbers, it only contributes to 20% of your success.
The most important part is that of coaching and we would assign its contribution to your success at 50%. What is coaching? It is bringing another person into your trade. That other person should be better than you and has been earning a sizeable amount of money from trading the markets. Why do you need a coach?
If you are like most people, you probably do things the same way over and over again until someone else teaches you another and better way. It the same in trading. Without expert eyes taking a look at your work (read: how you make trades), it would be impossible to determine why you are losing, and more importantly, why you aren’t making any money yet when there is a lot of money to be made.
With a coach, you actually shorten your learning curve and the amount of time needed to make your trades profitable. We have seen it happen over and over again. Many of our students have lost thousands of dollars before coming to us for coaching, and eventually, they got their money back sometime after being coached.
While coaching can help you develop solid trading habits, ongoing support ensures that you will maintain those habits. Traders are really no different than athletes in that there are times when they fall into bad habits or do not perform as good as usual. With support, you can keep yourself on the right track by having other people encourage you.
So, to recap, the best market trading course would have resources like videos and ebooks to teach you how the market works and what the best trading strategies are. They would also have a one-on-one coaching program where someone practically looks over your shoulder as you do trades. And they would also have support programs like email and forums where you can be in touch with other traders to help you sort out problems while trading.
As we said before, there are many trading courses out there that you can choose. The first step in the right direction is to choose the markets you want to trade in. Whether or not you choose to trade stocks, futures, or the forex markets, it really does not matter – there are courses for each of them and there are courses that cover all of them. What does matter is that you take a look at the course information and see if they are strong in the areas we mentioned above: foundation, coaching, and support.
How much do trading courses cost? They could cost anywhere from $3,000 to $10,000. If you it expensive, it is. However, you do get what you pay for. The right course practically pays for itself and so much more.
Since you have so many choices, though, what you want to do is take a look at the cost and compare it with the services that you are getting. It would help if you go to the different forums and ask for recommendations. No matter what you do, though, make sure you choose a course that has a coaching aspect to it.
The ultimate goal of any trading course is to help you leverage the movements of the different markets so you make a lot of money. And the only way that you can do that is by using a course that provides you with a strong base from which you can make winning trades.