Introduction
This report discusses the characteristics that should be integrated into any good trading education program or trading course.
It also identifies education programs that meet or exceed the
requirements plus those that do not. The report will provide some
details on the educational programs and trading study courses from Bill
Poulos (Profits Run), The Online Trading Academy, Ron Ianeri (Options
University), AJ Brown (Trading Trainer), Rockwell Trading, and The
Trading Authority. The report will also identify any free training
materials that are offered by each company.
Regardless of the trading market, the fundamental characteristics
that differentiate a successful trader from a marginal trader are the
same. Along the same line, a good trading education program can be
applied across all markets, including stock trading, options trading,
futures trading, commodities trading or forex trading. A good trading education
program comprises of 7 elements designed to enable the
trader to improve trading skills and maximize profit
potential:
1. The trading coaching program should instill discipline and teach
how to exercise patience in trading. It should emphasize the importance
of removing emotional attachments to trading and devise a method of
predictable trading behaviors.
2. The trading coaching program should teach technical
analysis. It should teach the student how to identify market
trends.
3. The trading course should provide the student with
trading templates that are easy to follow. It should provide
the student with well-defined chart patterns and indicators
that have been back-tested and proven to have success on a
consistent basis.
4. The trading education program should teach fundamental
analysis.
5. The education course should teach a solid trading
plan.
6. The trading course should provide good ongoing support
and feedback. The student should be able to have
online access to additional tutorials, trading guides. The
trading course
should also provide access to the teacher and other traders
to help reinforce trading strategies.
7. The trading course should emphasize risk management
and money management. It should teach the student how to
maximize profits and minimize losses.
Objectives of A Good Training Program
A good curriculum in any the trading mentoring program should be designed
to teach the investor the following skills:
1. The student will know exactly when to enter a position and
trade stocks, options, forex, futures etc., with greater confidence.
2. The student will know exactly when to exit a position based on a
trading plan that maximizes gains and minimizes losses.
3. The student will learn the trading strategies and apply
them to make profitable trades.
4. Enable the student to identify his trading style and to properly
select the
risk vs. reward trading approach that best suits his trading
personality.
5. The student will learn to limit trading risk and learn to
implement safety nets in order to minimize losses.
6. The student is introduced to all trading signals that are available to
professional traders, via the trading software.
7. The student will learn to be a successful trader by dedicating
a minimal amount of time to market analysis. A practical goal is to
achieve a maximum of 30 minutes per day in analyzing the markets.
8. The student will learn the proper trading techniques to achieve at
least 25% profit per year.
Cost of the Stock Trading Course
The cost of the trading course should be no more than $2500. There
are many great home study courses available today that can be obtained
for prices well below $2500. Any reputable trading education program or
trading course should also come with a money back guarantee.
The trading
courses having the above attributes that we recommend are:
1. The Online Trading Academy education program has a
suite of educational tools that the student can pick from,
depending on the level of expertise and interests. You can
join the Trading Academy Financial Education Center for free. The Education Center maintains a list of trading
webinars and trading ebooks that you can download for free.
The cost for one of its trading courses can be as low as
$59. It also provides 4 to 7 day trading intensive programs.
Once paid for, the student can retake the course as many
times as desired for free. Online Trading Academy also
offers free power trading workshops that anyone can attend
at one of its training centers. The workshop teaches the
student how to:
- choose high potential trades
- short the market successfully and profit from a down moving stock
- minimize your losses by avoiding expenses, risky traps and mistakes that can drain your account
- eliminate expensive brokers and allow 100% of your money to work for you
- get thousands of dollars in professional trading education completely paid for!
- leverage the power of a Direct Access Trading Platform
- treat your trading like a business and take the emotion out of your decisions
- trade successfully across many asset classes including stocks, options, forex and futures
Once you are registered for the Online Trading Academy's Financial Education Center, free webinars and workshops such a the Power Trading Workshop will be made available to you at no cost.
2. Details on the trading courses offered by Profits Run
and Bill Poulos can be found at the Bill Poulos review page.
3. Options University has recently revamped its educational program.
It is migrating towards a yearly membership model to allow the student
unlimited access to its trading education materials year-round. It
recognizes that often times, the student does not necessarily absorb all
pertinent trading lessons the very first or second time around. It thus
enables the student to learn at his/her own pace and allows the student
to gain access to all trading materials, expert advice and trading
guides via the online member site. It started offering its flagship Options
Mastery series of home study options trading courses for free as part of the Options
University Gold Membership. The options trading course is valued at
$1997, but the student can obtain the course for free, in addition to
free online access to the very popular options volatility prediction
tool - The Volcone Analyzer. To learn more about its gold membership and
to obtain the free options mastery home study course visit the optionsuniversity.com
free trading course page.