The 13 Best Trading Courses 2018 Revealed
This article will give an overview of online trading courses available, explaining their content and advantages, and help future traders make up their minds about which ways to pursue.
Due to the central banks‘ policy of zero interest rates it has become a challenge to make one‘s capital yield reasonable interests. Traditional savings accounts and call money don‘t do much even to keep up with inflation.
Turning to investments or trading used to be a domain exclusively reserved for insiders and the wealthy. The internet, however, has made access to investing and trading possible for everyone.
Entering the financial markets is – contrary to what some people believe – not a question of being lucky or especially gifted. Trading is not a game of hazard.
Being a successful trader is based on a combination of sound knowledge, comprehensive use of the available tools, and of course, experience. Like any other profession actually!
This article gives you an overview about the best
- Stock trading courses
- Forex trading courses
- Options trading courses
- Futures trading courses
- Algorithmic trading courses
- Cryptocurrency trading courses and
- Bonus: Free trading courses
It also presents different kinds that are available. Furthermore I am telling you what the trading courses include and if available how they are rated from customer perspective.
Things to get started
First, a few words about the difference between trading and investing: investments are financial moves that are planned long-term.
Putting one‘s capital in stocks with the intention of waiting for at least six months, up to several years, for significant profits – that is an investment.
Trading involves quick changing of hands of assets, based on short-term changes in value. Short term may, in this case, mean half an hour or a few weeks.
This makes it clear that to make profits in trading one needs profound knowledges, combined with decisive action.
Online trading courses - learning to trade the market
For a beginner to enter into trading the very first question will be: What do I need to know? Immediately followed by: How do I obtain this kind of knowledge?
An interest in global politics is essential – as it supplies the background to the behavior of financial markets.
Following the news, being informed, is therefore a must for aspiring traders. Reading up on financial markets, products and tools is another basic requirement – the more, the better.
There is the option to consult one‘s house bank for an introduction into financial products and investing or trading. But of course banks will always promote their own products and interests, giving a somewhat skewed view of the possibilities.
Fortunately there are other sources available online.
The first step should be a consultation of the experts. The biographies and career development of successful traders can be studied online.
Then there is relevant literature, in-depth explanations and examples – all available on the web. Beginners usually find out by comparison which approach appeals to them.
The next step should be proper training. And again, the web delivers. Trial accounts offered by financial providers enable beginners to „play“ with the tools they will need later for investing or trading with real money.
Like with training for sports, or learning to drive, this helps newbies to acquire a certain insight and routine before entering into the contest.
Another worthwhile possibility are online trading courses.
Here, beginners learn the ropes from the pros. They are introduced into trading stocks, forex or options under the tutelage of professional traders.
Of course some of these trading courses are available for free. Others cost money. The reason is quite simple: free online trading courses are not realtime but time-lagged.
This is not at all objectionable but compares to learning to swim in shallow water.
Moving to the professional, realtime trading courses literally means entering into realtime trading – supported by mentoring, chat room access, hands-on lessons and tools.
The value of these trading courses should not be underestimated.
They contribute significantly to a beginner‘s success in entering the financial markets, saving time, money and frustrations.
The topics covered include online courses on stock trading, forex trading, options and futures trading, algorithm-based trading and cryptocurrencies.
Something for everyone – even if you‘re more inclined to place your capital somewhere long-term, good online courses will provide in-depth knowledge facilitating your investment.
Stock trading courses for beginners
Shares or stocks are securitized equities either in a joint stock corporation, a European company (SE) or a limited partnership on shares.
The price or value of the stock depends on the overall performance of the company as well as the expectations placed on future performance.
It’s easy to see that stock trading requires professional knowledge combined with some entrepreneurial nous to make a profit.
This goes especially for day trading – where securities are bought and sold on the same day. Therefore beginners should revert to professional trading courses to avoid wasting time and money.
Good courses follow a learning path, often available for beginners as well as already experienced traders, explaining the basics and then focusing on practicing trading skills in realtime environments.
Warriortrading runs an online trading course portal aiming to enable interested persons with the training to make solid, reasonable profits either part-time, augmenting their income, or turning full-time trader in time.
The website offers stock trading courses on three different levels, with options for beginners, professional trading, and a V.I.P. option under the label of „Inner Circle“ with special benefits.
Further reading: Warrior Trading Review
Investorsunderground is an online training provider offering free video tutorials for beginners and a range of paid membership options to expand potential traders‘ knowledge.
The freebies give an introduction into the workings of the stock market and the mechanisms of trading as well as core competencies needed, as well as an overview of necessary tools.
Beside and beyond the membership bundles investorsunderground.com offers comprehensive day trading courses on DVD. C
urrently available are Textbook Trading at US$ 997 and Tandem Trader at US$ 1297. Both DVDs may be obtained together with a membership bundle at reduced prices.
Further reading: Investors Underground Review
Forex trading courses for beginners
A Forex trader by buying or selling one or the other currency via the platform of a broker, making profits from the swings in currency values that are often noticeable in decimal points.
Apart from price swings based on unusual events, money trading is characterized by recurring trends. These can be calculated by tools like Expert Advisor software, since there is a very high probability of their repeated occurrence.
Following the events in politics and the economy carefully is an important part of Forex trading. Besides, good knowledge of the tools is necessary.
Forex classes are available online and a good way to familiarize oneself with the subject.
Easy Forex Trading for Beginners
This is a one hour introduction into Forex trading especially for beginning forex traders by L.R. Thomas on Udemy.com. At a price of as low as US$ 10.99 participants get lifetime access to 1 hour of lecture videos, 5 supplemental resources and a certificate of completion after the course. The curriculum includes
- Trading Platforms to Use
- Profitable Top-Down Trading
- Common Forex Trading Patterns
With a ranking of 4.3/5 (101 ratings, 3,651 course students enrolled) the overall impression is that this introduction manages to deliver the basics of Forex trading at an attractive price.
Further reading: course details
Forex Trading A-Z™ - With LIVE Examples of Forex Trading
This is a course by Kirill Eremenko and the ForexBoat Team offered on Udemy.com. The course aims to give a comprehensive introduction into Forex trading for beginners, as well as expanding the knowledge of already experienced traders.
At the price of US$ 195 (currently with a special offer of US$ 10.99) participants gain lifetime access to 5.5 hours of lecture videos, an essay and a certificate of completion after the course. The curriculum includes
- Forex Basics, Acronyms & Jargon
- Forex-, Technical- & Fundamental Analysis
- MetaTrader 4
- Calculating Risks
4.5/5 with 3,811 ratings and 22,985 students enrolled
Further reading: course details
Options trading courses for beginners
Options are so-called derivatives. This means that their price is tied to the price of the underlying stock. An option is a contract to possibly buy (=call) or sell (=put) an asset like a stock or share at an agreed price and on or until a specified date.
Unlike futures, however, there is no obligation for the buyer! As a trader one may write options on one‘s own stock, or buy and sell options without owning the associated shares.
Options are very volatile products, since their value is tied to a time frame, and thus price swings can be much more marked than for the stocks themselves. If a share goes up by a few percent this may cause the associated options on buying or selling the share within, say, the next three months go up by 50, 80 or even 100%.
By holding options, traders make profits even on shares that are beyond their price range. This makes options potentially very profitable and also an excellent tool to control stocks without even owning them.
At the same time the concept of the option is obviously something that involves a certain risk and should be undertaken only acquiring some basic knowledge. Option classes for dummies – and of course option trading classes for more advanced students – are available online to learn option trading.
Options Trading Simplified by Claytraders.com
This is a simplified introductory course for beginners aiming to break down the complex issue of options trading and make it understandable for newbies – or, as described on the website, „short, simple, and to the point“.
Not a bad idea at all to get into options without any previous knowledge about this area of financial trading.
The course consists of 12 video lessons, complemented by an options cost calculator, a risk management cheat sheet and an options paper trading plan, all together at the price of US$ 197.
The videos plus two bonus video lessons contain the following:
- Options Terminology & Logistics
- Understand the Option Chain
- Things to Consider with Higher Priced Stocks
- Understanding the Spread on Options
- Paper Trading Plan & How to Manage Risk
Further reading: Claytrader Review
Options Trading Basics on Udemy.com
This is a bundle of three courses containing a step-by-step curriculum designed to achieve options trading mastery, by the financial markets educator Hari Swaminathan.
The contents expand from a general introduction at the beginning of the first course to a comprehensive explanation of options strategies in course three, covering the necessary basics for beginners willing to invest some time.
At the price of US$ 180 (currently with a special offer of US$ 10.99) participants gain lifetime access to 11 hours of lecture videos, an essay and a certificate of completion after the course. The curriculum includes
- Call- & Put Options introduction
- The Buyers and Sellers Perspectives
- Understand Time Decay, Option Greeks and Implied Volatility
- Buying / Selling Call and Put Options
- Options Market Structure and Case Studies
- Stock and Options combo strategies
Users rate the bundle of courses at 4.5 of 5 which is overall a good rating, especially given the competitive pricing (1,406 ratings, 12,741 students enrolled).
Futures trading courses for beginners
Futures, or rather, futures contracts, are somewhat similar to options – they, too, consist of an agreement between seller and buyer about a transaction at a predefined price and time.
While with options the buyer is free to waive his right, with futures the obligation to buy and sell is mutual. The trade in futures contracts originates with commodities but today includes financial tools like stock market indexes, currencies or interest rates.
Like with options futures may raise profits far surpassing the performance of the underlying stock or tool.
The risks for the buyer are greater, since he is forced to buy at the agreed time and price, even if he makes a loss or eschews a profit by the performance of the shares after the time of the transactions.
Therefore it is crucial to understand the mechanisms of futures trading quite well before venturing into it. Futures trading classes and real-time preparation online are one way to access this complex subject.
Institutional Edge System by NOFT Traders
This course by noft-traders.com combines trader education with a real time software suite teaching participants how to be successful with order flow sequences. The course is taught by full-time institutional futures traders.
The course includes the following:
9 Master Class Video Modules with over 50 Hours Of Step-By-Step Institutional Trading Methods And Strategies
- Live Trading Exercises
- NOFT Software Suite
- Order Flow Sequence Tracking
- Free Software Upgrades For Life
Pricing, however, is not available on the provider‘s website but depends on requesting further information by email and more information is provided within the NOFT-Traders Review.
Professional Futures Trader Online Course by Tradingacademy.com
A set of futures trading classes for participants who want to trade futures as their preferred asset class or as part of a multi-asset trading strategy, providing an overview of Equity Index Futures, Treasury Futures, Energy and Metal Futures, Commodity Futures, and Forex Futures and their respective characteristics.
The course combines skill-building lessons and practical live market trading sessions with ten three-hour sessions at the price of US$ 5000.
Learning targets include:
- Futures fundamentals
- Risk control
- Tax advantages
- Technical tools
Further Reading: course overview
Topstep Trader Platform
Topstep Trader offers free access to all those aspiring to become full-time traders. The platform gives participants access to real-time simulated accounts. After proving their skills in the simulation and obtaining a certain level of profits Topstep proposes to match the successful candidates with funds managed by them.
- Commission-free Funded Account
- No platform fees
- Any device (desktop or web)
- 3rd party add-on tools available
Trading Combine Participation however costs from US$ 150/month upward, depending on the size of the proposed portfolio. Participants are assured a share in the profits, the first US$ 5000 to keep and 80% of all profits afterwards.
Testimonials and evaluations online are ambiguous on the scheme, though.
Further reading: Topstep Trader Review
Algorithmic trading courses for beginners
With increasing technological development of the tools used in trading algorithmic trading has become an accepted and valued method of trading.
Mastering this kind of trading requires a combination of keen and up-to-date knowledge of financial markets and policies, analytical skills and proficiency in a programming language.
Not something for everyone, but those with a predilection for mathematics and programming can use algorithmic trading courses available online to learn how to profit from their skills.
Black Algo Trading: Build Your Trading Robot on Udemy.com
This beginner course about algorithmic trading on Udemy.com teaches the insider knowledge to designing, testing and coding long term profitable robots.
It is designed to give an understanding of the pitfalls and keys to success to design great robots.
The course teaches programming as well as the design theories behind the Trading Robots.
Ultimately participants will be able to generate a trading idea, code and test the idea, see the strength and flaws in the idea, improve and finally execute the idea.
The course includes 13.5 hours on-demand video, 43 articles, 78 supplemental resources, all at full lifetime access and with a certificate of completion, at the price of US$ 200, currently on special offer for US$ 10.99.
4.4/5 stars with 1,522 ratings and 24,989 students enrolled
Further reading: course details
How to build 100s of Forex strategies - Algorithmic trading on Udemy.com
The algorithmic trading class is held by the forex mentor Petko Zhivkov Aleksandrov. This course brings Forex trading and algorithm together in a beginner course aimed at learning how to create a portfolio of strategies and trade them simultaneously in one trading account.
This is easy because of the power of FSB Pro and EA Studio - professional strategy builders. At the end of the predefined period the performance of each expert advisor in the portfolio is evaluated, with the failures eliminated and replaced.
The course is designed for Forex traders who wish to step in to the depth of algorithmic trading and take control over the trading.
The course includes 3 hours on-demand video, 1 supplemental resource, all at full lifetime access and with a certificate of completion, at the price of US$ 200, currently on special offer for US$ 10,99.
- Historical Data
- Generate, Collect, Optimize & Validate
- What to do after the strategy is created
- Testing the strategies
- EA Studio registration
The rating for this course is quite high at 4.8 of 5 (112 ratings, 661 students enrolled).
Cryptocurrency trading courses for beginners
Cryptocurrencies provide a growing market with enormous opportunities – beyond the best known cryptocurrency, the Bitcoin, there are two dozen others, some of them based on blockchain, some on other models. New cryptocurrencies might be generated daily.
Cryptocurrency trading requires a profound knowledge of the workings of cryptofinance as well as the tools employed in charting and successfully trading them.
Cryptocurrency trading classes are in high demand since the ascent of the Bitcoin. Some of the providers offering cryptocurrency courses online are listed here.
Cryptocurrency Trading Course 2018 on Udemy.com
The Cryptocurrency Trading Course by the instructor Suppoman gives an introduction into cryptocurreny and is designed as a comprehensive guide to cryptocurrency trading.
Target group are beginners as well as those who have already gathered some experience in the field. Among the key content is technical analysis as well as how to deal with volatile prices without incurring too much risk and still make a reasonable profit.
The course includes 3,5 hours on-demand video, 1 article, all at full lifetime access and with a certificate of completion, at the price of US$ 200, currently on special offer for US$ 15.
- Cryptocurrency Essentials
- Easy Setup and Strategies for Cryptocurrency Trading
- Technical Analysis
The average rating for this course on Udemy.com is 4.5 of 5 (1,986 ratings, 8,566 students enrolled).
Further reading: course details
Cryptocurrency: Complete Bitcoin, Ethereum, Altcoins! On Udemy.com
This cryptocurrency trading course for beginners by Steve Ballinger is about learning to use cryptocurrencies, building a personal wallet and develop appropriate strategies matching personal capacity and risk tolerance.
Another topic is the application of Fundamental and Technical Analysis (Charting) when choosing individual cryptocurrencies for investment.
The course includes 8 hours on-demand video at full lifetime access and with a certificate of completion, at the price of US$ 200, currently on special offer for US$ 15.
- Key Cryptocurrencies To Know
- Wallets: Where To Keep Your Digital Currency
- Exchanges: Where You Trade Cryptocurrency
- Investing Strategies
The course is rated 4.5 of 5 on average and recommended by participants for delivering understandable information on a complex subject.
Bonus: Free Trading Courses
Free Trading Courses are always a good starting point for beginners. However, free courses are never “free”. The supplier intent is always to do some upselling later on. Good neutral resources are trading courses provided by your online broker.
Also Udemy has good trading courses for $10.99 (Every few days there is a special Udemy promotion. You should never invest more than ~$20 per Udemy trading course).
And please, be realistic. You will not get rich overnight by just attending to a trading course.
Best Trading Courses - Conclusion
As seen above, the web delivers on every topic related to online trading. In combination with up-to-date reading on financial markets and comparing the merits of individual platforms and/or training providers, beginners will be able to find online trading classes to suit their preferences and level of understanding.
Recommended are trading courses including lots of practical examples and advice. The knowledge acquired may often be tested in real-time simulations before venturing into deeper water.
For those interested in trying their hand at online trading, conditions have never been better.
But be careful and never invest more money into your education than you can afford. Let’s say you have $10,000 available right now. Would it make sense to invest $5,000 for trading courses? No matter what an educator is telling you, this doesn’t make sense!
Do it step by step. Invest some money and learn to understand the markets. If you find out that trading is not the right thing for you, you did not lose sustainable money.
Once you getting better and better, you can invest more. NYSE and NASDAQ will be there for many years. That’s for sure.
One final recommendation being worth thousands of dollars. The higher the fee for your trading course, the more important the proof of performance from your educator of choice becomes. If there is no proof that he is profitable with his strategy, then do the right thing and look somewhere else!
The web offers countless providers of trading courses, classes, books and much more. Since the average interest in online trading is still growing, all these products sell pretty well. However, not one of them is suitable for those who really want to go professional.
It’s more or less just the same basic knowledge. Not necessarily useless, but very little of what’s offered provides anything that you can‘t find out within a few minutes of web research – for free. Mostly it‘s about avoiding beginners‘ mistakes.
Knowing the rules is the foundation. Taking it a step further, a powerful trading tool becomes important. Old school tools are not the first choice anymore.
My personal preference? Artificial intelligence based trading with Trade Ideas.
The 13 Best Trading Courses 2018 Revealed | via @DAYTRADINGz