The Best Day-Trading Courses
When shopping for day-trading courses, you should consider only those that were created by someone with many years of trading experience: at least five and preferably 10. That way you know they have been through the ups and downs of markets and are a better trader for it. Many courses you find online, offered by people with only a year or two of experience, likely won't be around a couple of years from now.
Experience isn't everything, though. The course should be taught by someone who can convey information clearly and who has a passion for trading.
Here are some established, quality courses to consider if you're starting your day-trading journey or have been trading for a while but need help. These courses have been vouched for by many traders, based on their own experiences. Course prices may have changed but were accurate at the time of publication.
Day Trading Academy
Day Trading Academy focuses on futures trading, primarily E-mini S&P 500 (ES) futures. DTA teaches a method of trading based on price action, so you learn how to read and anticipate market moves, allowing you to adapt to all types of market conditions. Some indicators are also used to help new traders see how the price action is unfolding.
The curriculum consists of four modules: Your Introduction to Day Trading, Learning & Understanding the Indicators, Congressive Trading Strategy, and Transitioning Into the Live Market. Each module consists of multiple videos and exercises you complete that you can submit for review.
The course includes (all online) access to the course and twice-weekly live classes.
Personal mentoring takes a lot of time and is an invaluable resource. You get to address your specific trading issues with a professional trader who has been through what you are going through and has successfully navigated past those issues.
If you are interested in learning to day-trade with DTA, go to its website and sign up for the free starter kit.
DTA was founded by Marcello Arrambide. He began trading in 2002 and started the DTA in 2011.
The Stock Whisperer
The Stock Whisperer offers a number of different services and courses. Join The Java Pit to watch Stefanie Kammerman, the Stock Whisperer herself, trade live. In addition to stocks, Kammerman trades options, futures, currencies, and cryptocurrencies.
You'll learn a lot as you get tips from Kammerman and the traders in her office. Kammerman also records a daily Dark Pool Weekly Whisper video of her hottest trades each day that's available to view free of charge on her YouTube channel.
Kammerman also offers day-trading courses. To learn more about them, you have to fill out an online questionnaire or call an 800 number to make an appointment to speak with a member of her team.
Kammerman began trading in 1994 and began teaching online in 2010.
If you are interested in trading stocks, futures, options, and currencies, TRADEPRO Academy has three different educational options available: a free training course, Pro Trader, and Elite Trader.
The free training includes 6 video mini-lessons that cover technical analysis, stocks, options, forex, futures, and psychology.
The Pro Trader package is $179 a month and includes comprehensive courses covering a foundational overview, analysis and trades, futures day trading, and passive income strategies. It also includes access to the live trading room from 9-11 a.m. Eastern Time and 24/7 support.
The Elite Trader package is $219 a month and adds on a course in trading psychology, extended access to the live trading room, access to the Euro trading room, trading news access, monthly group coaching, and access to the member forums.
George Papazov is the founder of the academy. He started TRADEPRO in 2012 after having traded for more than 18 years.
Some Words of Caution
Even with the best education, most wannabe traders will still fail, because they don't practice what they are taught or they choose to ignore some or all of the advice they were given. Trading isn't easy, and unsuccessful traders are more likely to blame the teacher or the market for their failure. That means you'll see negative reviews on all trading schools and courses. Pay attention to those reviews that offer thoughtful criticisms. Similarly, read the positive reviews, but don't take everything that's said at face value.
Being a professional day trader is like being a professional in other careers: It takes a lot of work, time, and dedication. Day trading can also feel like a battleground. In order to win, your skills need to be better than most of the other traders in the marketplace. You must be less affected by your emotions than those around you, and you should practice a reliable strategy for hours a day, for months, before you can expect to see consistent, profitable results.
If you opt to take one of these day-trading courses—or another one you select—ensure you make the most of it by engaging yourself in the process of learning, working hard, and practicing what you are shown.
The Balance does not provide tax, investment, or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. Investing involves risk including the possible loss of principal.