What are the ways to learn trading? What are the features of trading training for novice traders? Where to get trader courses from scratch and for free?
- 1 1. What are trader courses
- 2 2. What are the ways to learn trading — 3 main ways
- 3 3. How to get training in trading from scratch — step-by-step instructions for beginners
- 3.1 Step 1. Choose a training center
- 3.2 Step 2. Getting to know the market and the basic concepts of trading
- 3.3 Step 3. We study the trading terminal
- 3.4 Step 4. Learn about risk reduction techniques
- 3.5 Step 5. Introducing Fundamental Analysis
- 3.6 Step 6. We study technical analysis
- 3.7 Step 7. We open a demo account and apply knowledge in practice
- 4 4. What to look for when choosing courses for traders — 4 highlights
1. What are trader courses
Everything in this world needs to learn.
Traders, too, do not think up everything, They study basic principles of the market, entities of different strategies, constantly improving and gradually becoming «pros».
Trader courses – this is classes, organized by, usually, on the sites of individual brokerage firms. Firms are usually top, for green upstarts cannot afford to pay for the labor of professional speculators-teachers.
Most often, training is divided into two directions: «Beginner Trader» and «Advanced trader». If you come to the broker’s website and see attractive headings for professional courses, it is not necessary to conduct them in the absence of basic training.
When «student» no understanding of key terms, he will not understand everything, either misunderstands. The result in both cases will be one – money will merge. Therefore, any training in trading should start with the basics.
All courses are divided into paid and free. At 98% brokerage firms training exclusively paid. It is quality, in-depth, but worth the money.
2. What are the ways to learn trading — 3 main ways
Ability to simultaneously learn in all three ways only residents of large cities.
But the provincials are not so bad.
Method 1. Selfeducation
Self-study involves reading books on trading on the stock exchange. Free perception still needs some terminological minimum, but it will not be difficult to get it.
If you plan to master the stock game on your own, need to select the most quality teaching materials. I advise you to start with the book by Alexander Elder «How to play and win on the stock exchange» — you will understand further, what to read and who.
Online articles are not prohibited, but you need to filter them – trust only reputable sites. Popularity and attendance oblige: top-quality projects usually do not upload low-quality content.
Method 2. Full-time education
Only residents of large cities can study in-person, because the offices of brokerage firms in the villages do not huddle. The essence of this training option – you come to the office individually or with a group of people, professional trader teaches you material.
I’m lucky: small city, but there is a company office, I signed up for full-time study and was quite pleased with its results. The lesson of full-time study is the inability to always perfectly coordinate the lesson, if they are free and non-individual.
Method 3. Online training
The easiest and most effective way. Any company has training courses in webinar format, often they are recorded and laid out on YouTube – you sit at home and study in your free time, if necessary, you can stop watching or listen to the course again.
Webinars have a big advantage over videos – students ask the teacher questions via chat. I think, it’s necessary to start learning from webinars, and then attend full-time classes or read books.
3. How to get training in trading from scratch — step-by-step instructions for beginners
You will go to professional trading according to the plan outlined below.
I think, it will not seem difficult to you.
Step 1. Choose a training center
Training is desirable to take in that brokerage firm, which you have chosen for trading. Because the bias in training programs is usually done specifically on the broker’s financial instruments for speculation.
Yes, another important point. Most brokers specialize in specific market segments, so you need to decide on the tools for trading.
Step 2. Getting to know the market and the basic concepts of trading
Basic things in webinars are not always told. If the company of your choice is not talking about key terms of trade – watch free videos from other companies. Which ones – I will say below, in the list of the three coolest brokers.
Basic Learning Must Not Only Be Listened, but also «soak up». You should easily distinguish trends, give a simple definition of leverage, spread, swap, distinguish types of orders (market and deferred, and from the last still limit and stop) and t. d.
Then calmly move on to more complex materials, study specific strategies.
Step 3. We study the trading terminal
It is especially important to understand the terminal, if it is not MetaTrader4, that is, the broker decided to create his own software – trade on a demo account, delve into the subtleties, analyze all available settings.
Yes, about the terminal. I tried to summarize the most important in the table, what you need to be able to do – check, can you do everything.
Necessary skills in the trading terminal
|№||Act||What you need to be able to|
|1||Schedule setting||Choose a color scheme, make the Ask line visible, add and remove grid and periods, understand the difference between bars and candlesticks|
|2||Calculations||Understand, what is margin, level, available funds, Under what conditions does Margin Call and Stop Out, how do prices compare, leverage and lot|
|3||Analysis||Apply trading tools|
|4||Transaction opening||Open market and pending orders|
|5||Exit the market||Use Take Profit and Stop Loss, lock positions|
Do not be afraid of complex terms – at first everything seemed complicated to me too. I understand every word now, a holistic picture in my head lined up.
Step 4. Learn about risk reduction techniques
Any training should include classes on risk management – what lot to open for different deposits, how to distinguish a good deal from a potentially disadvantageous, where to enter and exit the market.
Pay attention to possible «insurance», if your company provides such. I personally met the option of protecting against losses from binary options brokers: if the deal closes profitably – She is mine, if at a loss – i’m not losing anything.
Such transactions are usually concluded in news trading, when at 99% the market is moving in the right direction. IN 1% In some cases, the exchange gives a surprise to the trader and insurance is just right.
Step 5. Introducing Fundamental Analysis
Even if you plan to speculate based on technical analysis, understand the essence of the foundation anyway. Elementary view of the economic calendar at the beginning of each week will already protect you from stupid mistakes and loss of money at the time of news release.
Rely more on fundamental data, than technical, needed when speculating on the stock exchange, for Forex trading still more technical, than the securities market.
Although, if you trade long term, then a simple graph analysis is definitely not enough.
Step 6. We study technical analysis
I think, technical analytics will become the main for you in making trading decisions. To become a fundamentalist, you need to see the bowels of the market, understand its essence. These are the years of constant trading and continuous learning.
Technical analysis easy to learn and effective at the same time. The ability to draw levels and use patterns in combination with competent money management will already provide a good profit.
Step 7. We open a demo account and apply knowledge in practice
Never move to trading without practice on a demo account. You need to learn not only to press buttons and correctly analyze, but also control yourself, your emotions.
Enemies of all traders in the stock market game – emotions of greed and fear. Trade on a demo account, to learn to pacify them, then speculation will make you a truly rich person.
This is how you will rise to the top of trading. Take your time, study the financial market gradually and carefully.
4. What to look for when choosing courses for traders — 4 highlights
A quality training program should be consistent specific criteria.
I list them below.
Moment 1. Classes should be held individually or in groups of 3-4 people
Club days are the only exception – when a large audience gathers and listens to the presenter. At such events, successful traders talk about their success, share secrets.
Paid classes, perfectly, must be in the format «1 on 1», to make you feel free, could ask any questions to the teacher and not regret the money spent.
Moment 2. The duration of the training should depend on the initial knowledge of the beginner
You should normally perceive information in the learning process. If you feel overloaded, understand, that the material is not absorbed – need to pause.
Moment 3. Training should focus on setting the right goals
bad, when there is one theory. But also pure practice without understanding the market is no good.
Good course shape ability to navigate market quotes (the Elliott wave principle really helps here), analyze news data and benefit from all this in the form of money.
Beyond Strategies, need to pay attention money and risk management. If you can find promising deals, but invest in them 70% my money – 2-4 times merge uniquely.
Moment 4. The courses should not have excess information
Only direct training will give understanding, what information is useless to you. If the teacher talks a lot about himself – it’s not always bad, he gives you his trading skill. Only important, so that these stories go in parallel with the development of the stock market game.
That will be superfluous for you, what you don’t understand, because the non-digestible brain tends to be thrown away as unnecessary. So ask questions on all obscure aspects, «bite into the granite of science», pump everything you can from training.