Day Trading Courses

By: Frank Vanderlugt
Day trading is the practice of buying and selling currencies before the close of the Foreign Exchange each day – hopefully for the most profit. Anyone with a little money to invest can now trade over the internet. But it’s best to know a little bit about what you’re doing first – and there’s no shortage of day trading courses to teach you about that.

Courses can be studied online or in face-to-face classes and duration differs between one day to five days - or indefinitely if you teach yourself in an internet correspondence course.

You don’t need any specific paper qualifications in order to trade – but you do need a few skills and a bit of knowledge that you could gain through a day trading course.

You will need to shop around, because courses can cost anything between $2,000 and $12,000 – and they vary massively in quality for these prices – it’s not always true to say that the most expensive option is the best one; it all depends on what you are looking for.

Here are a few of your options so you can see which one might be right for you.

Online

Since Day Trading University came online, there have sprung up literally hundreds of websites offering day trading courses supposedly to university standard – but be wary of these claims.

These courses are unregulated, especially on the internet. You want to make doubly sure that they offer you the tuition you need.

Makes sure that the website you give your hard-earned cash to, to teach you day trading, is not simply an article directory. That’s not a substitute for a proper course in day trading and is probably not something that you want to be paying too much for. To maximize the benefit of an online course, it should offer you multimedia audio or video clips as well as downloadable activities and charts to continue and consolidate your learning.

Books Home study courses in day trading are also available in book form. They are easy t peruse at your leisure and you can browse before you buy, so you know exactly what you’re getting. But books don’t have the multi-sensory approach that a good website will have, with audio and visual streaming. It works for some people though. Many are written by experts in the field.

Face-to-face courses This is where you might be spending big bucks to learn about day trading: make sure it’s worth it. Tuition can be large group, small group or even one-to-one, although you may have to pay through the nose for one-to-one tuition. Be sure you really need it before you lay out your course fee, bearing in mind that if you are assertive and confident enough, *any* face-to-face tuition offers you the chance to ask the tutor(s) any specific questions which you might have.

Here are a few things you should be looking for in a good day trading course, whether that be face to face, online or in a book: What to trade in OK – so that one was obvious, but how do you spot an opportunity for bigger trading profits? A good course should tell you this. On the flip side, they should inform you of what sort of trading to avoid and why, so you don’t make big, costly mistakes.

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