Where Can I Learn Trading, How To Choose The Best?
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Where Can I Learn Trading, How to Choose the Best?

Where can I learn trading?

Anyone asking this question is on the right track to become a profitable trader. Some people start their trading career by seeking proper market education realising that there is more here than meets the eye while others come back to this all important question "Where can I learn trading?" ...after they lost a considerable amount of money and time.

Forms of stock market education

The most obvious choice for stock market education is to learn about it at the Brokerage Firm you are dealing with. A lot of people do that and they are not happy with their trading results. I have nothing against brokerage companies. The market education they provide is very useful and informative but also rather basic merely focusing on the practical issues such as order types, the use of their trading platform and charting software, some market analysis or relevant news ...and not much on the profitability of trading itself. Some brokerages do offer short courses or webinars taught by professional traders in the affordable price range but there is nothing else you can expect here than very conservative trading strategies that motivate their clients.

Big market education providers, on the other hand, take you exactly to the opposite direction and you may end up "knowing" more than an active investment banker who forgot all the rubbish of his or her formal market education and concentrates on the job. Their courses are very academic and give you both lexical and practical knowledge and are often very expensive for what they can offer. The market experts and ex-brokers who teach at their courses are usually trained economists with loads of trading experience at Investment Banks or Hedge Funds which unfortunately predetermines their attitude to the market. As a matter of course, you would expect the very best from them... However surprised you may be now, investment bankers are very careful traders, very few of them become wealthy from trading or by their own merit. They are very well paid to achieve steady monthly gains for the company while being supervised by the chief trader or floor manager. These firms trade with billions and do not need a lot of profit to prosper, first and foremost they have to safeguard their clients` money. As always, there are exceptions.

Smaller private trading companies or proprietary trading firms in other words can take a lot more risk because they trade with their own money and therefore have a lot more motivation to excel in this business than the big institutional players. For this very reason some of these companies easily outperform the big firms and often have truly outstanding trading results. This is where you will find the best performing trading methods and strategies of all times...


Street Talk

Thank you Mike. Trading education is huge business yet the success rate of individual (retail) traders is horrendously low :)

Reply
  about 8 years ago

Great article Attila, your reasoning is very sound.

Reply
  about 8 years ago
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