 The advent of technological advancement has paved the way for easy to access trading platforms. There’s a legion of aspiring traders who are willing to pay the hefty price of trading courses to become fully equipped traders. However, the challenge is not really on finding trading courses since there are many of these so-called educational products being recommended by so-called gurus and experts. The real challenge is finding one that’s worth every single dollar of the tuition money that you have to pay. Trading courses vary. There are some who offers “wealth-creation” seminars, live mentorship programs, and online programs. Of course, different markets and underlying assets, such as stocks, Forex, options, futures, CFDs, and many others, are pretty well—covered in these education products as well. But how do you wade through dubious and ill-fitted trading courses to get to the right education that really equips you with the necessary knowledge and skills to become a profitable trader? Here are some things you need to check in considering different trading courses: Experience The main advantage of attending a trading course over spending the time poring over books and free materials online is that you can pick your trainer’s brain and learn from his years of experience and mistakes. If you have questions with some concepts and data, you can ask your trainer and he’ll draw on his own real trading experience to answer your questions. This is why your trainer’s experience in trading the market is imperative. If he has been trading long enough to be acquainted with the market cycle -- with its peaks, valleys, and troughs, you’re assured that you’re gaining market wisdom from a well-rounded trader. For example, if your mentor or coach traded during the riotous period from 2000-2002 caused by the dot-com bubble, September 11 attacks, and stock market downturns; as well as the bear market of 2007 and the subsequent financial crisis of 2008 – and lived to tell of his exploits while trading the market during those chaotic years, you can be sure that you’re in good hands. Trading Track Record This is where it gets tricky. To make sure that you’re getting the best trading education, you have to find a coach who makes most of his nest egg trading the market rather than teaching what they know. Most professional traders don’t foray into teachings since most don’t have the passion to teach and they’re making a killing by trading alone. However, there are exceptions to this and though there’s a price you have to pay to be mentored by these really successful traders, it’s wise to learn from the best and chalk up the expensive tuition as payment for your fast-track education than spend your money on worthless trading courses and pay in some other ways. Ongoing Support You don’t learn everything at once. That’s why you have to choose a trading course that has ongoing support even after the formal program is done. You’ll soon find that every journey usually starts with elation and exhilaration at learning many trading concepts and techniques. However, that initial exuberance is usually thwarted by a harsh reality check once the lessons are done with and you’ll have to face the pain of losing money and the frustration of keeping your emotion in check. During such times, you need your coach to help you figure out what went wrong, correct your mistakes, and help get you back on track. Trading courses that provide repeat courses, mentorship programs, and other ongoing type of support at little or no extra cost will come in handy. Program Suitability You have your own set of goals and circumstances and it’s best to choose a trading course that meshes well with your situation. For example, there may be a specific market or asset that you’re more inclined to trade; thus, you find a program that specializes in that market. Additionally, you may be a businessman or an employee who can devote only a few hours a day to trading. Hence, a day-trading program would be very unsuitable given your circumstances. You have to find a time-flexible trading course that teaches trading techniques that works well with part-time traders. Investing the time and effort to look for a suitable trading course may seem like a daunting and tedious task. However, if you’re willing to part with thousands of dollars for your trading education, might as well find the best course that will equip you with the necessary skills and information to make trading a profitable venture for you. You’ll be able to recover your education expenses faster this way and save yourself from the frustration of going through those dubious trading courses that don’t deliver your money’s worth. And it’s wise to remember that while real education costs a hefty price, ignorance demands a costlier price still. comments powered by Disqus |
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