Trading can be difficult when you are a newcomer in the space. Knowing about trading and its strategies will result in good practices that can help your trading journey.
Trading requires an individual to have critical thinking, emotional intelligence, and strategic understanding. You can either win or lose and the margin for error is razor-thin.
This is where trading schools can help you, providing the knowledge you need to excel in high-stake environments. These schools provide information about different market analyses, trading instruments, and risk management techniques.
Knowledge can go a long way in trading. Joining a well-known/reputable trading school can help you get an advantage over seasoned experts as these schools can equip you with tools and provide you with a “well-equipped” learning path.
Here are some reasons to consider joining a trading school:
Trading is a vast landscape, with different markets. Some trading schools specialize in specific areas of trading.
Some of these different trading schools are as follows:
Day trading schools focus on fast-paced trading. In-day trading positions are opened and closed within the same day. Day trading schools provide you with the strategies that are required to capitalize on short market fluctuations and manage risks that come with these trades.
As the name suggests, stock trading schools concentrate on trading equities and stocks. These programs dive into topics that are designed specifically for the stock market.
Online Trading Academy (OTA), one of the largest trading schools, began as the training arm of a trading floor in 1997. Though it began by offering daily coaching sessions, it soon expanded its offerings to provide classes, workshops, online courses, and free trading resources.
The foreign exchange (Forex) market is a global market where currencies are traded. Forex trading schools teach different fundamentals of this market such as currency pair analysis (EUR/USD, etc), capital management, and strategies designed for forex trading.
AFM or Asia Forex Mentor, founded by Ezekiel Chew, provides traders with one of the most comprehensive and powerful trading programs diving into the complex strategies of forex trading.
Options trading involves the buying and selling of contracts that grant the right to buy or sell an asset at a predetermined price. Options trading schools focus on teaching the complex intricacies of this type of trading.
If you are willing to learn about options trading, consider the course provided by Tradepro Academy on options trading to help you kickstart your options trading journey.
Futures trading is like options trading but as the name suggests this type of trading deals with the buying or selling of contracts in the future. Future trading schools dive into the strategies to help you in your futures trading journey.
The DTA or Day Trading Academy teaches traders how to deal with a variety of market conditions in the futures space. The DTA curriculum sections start from beginner all the way up to advanced.
With numerous trading schools willing to enlist newer “students”, here is a list of our top picks for trading schools you should consider joining.
If you are new to trading and are looking for guidance, Babypips provides you with a comprehensive guide to forex trading. The school of pipsology provides free and easy-to-understand courses/lessons that cover everything from the beginner level up to the advanced level.
Babypips also provides you with a section to test your knowledge in the form of quizzes, that can help you understand what you know about your strengths and weaknesses.
Forex School Online is for traders who prefer a more hands-on approach. Their courses include video tutorials, live training sessions, and much more!
Forex School Online has a much more practical approach to teaching you about the strategies required in trading. If you are more of a visual learner, Forex School Online is a great fit for you.
Learn to Trade offers a range of courses that fit different experience levels. Their courses include webinars, workshops, and one-on-one coaching sessions. The best part about Learn to Trade is that it helps in developing the right mindset for trading success.
Trading Academy provides a syllabus that is fit to help you develop good trading strategies and risk management techniques. Their courses teach you the analysis of the forex market and how to trade efficiently. With courses for both beginner and advanced traders, you can choose one that matches your skill level and your trading goals.
There is a plethora of free trading material available on the web, but that information has become obsolete due to the changing nature of the market. The free material if not obsolete contains some sort of misinformation or false information that can cause harm to your trading decision.
The free “route” can be seen as a good strategy with the naked eye but it comes with its own set of problems. The free information available is inconsistent and causes bad decisions which will in turn cause harm to your capital.
A comprehensive course provided by a reputable trading school can help you achieve success in trading.
Joining a trading school will help you in the long run. These schools provide comprehensive courses created by seasoned experts and have various educational materials (videos, discussions, coaching, etc.) to help nurture and “fine-tune” your trading skills. All information provided by these trading schools is up-to-date with the current market trends.
Upon graduating from reputable trading schools, they provide you with a certificate that will open more doors of opportunities for you in the future. These certificates hold immense value in the eyes of firms and brokerages. These certificates also strengthen your trading portfolio.
Trading schools can be a great help to you in your trading journey. The information they provide can help you work on yourself and achieve financial success.
Not only the information, these schools provide you with a platform to network with other traders and get very helpful feedback from other traders.
In the volatile and ever-changing market of trading, these schools should be used as leverage to work on yourself and your strategies so that you can achieve success in trading too.
The quickest way to get better at trading is to get some hands-on practice. The best way to practice is to open a demo account.
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