Best Day Trading Courses
There are loads of day-trading courses, and it's impossible to review them all. However, the following courses are some of the best day-trading courses out there, and while the list is never complete, it at least offers a few good courses to consider. These courses stand out because they are taught by traders with lots of trading experience (more than 10 years) and they offer a great education you can take with you for the rest of your life (bang for the buck).
When considering a day-trading course, be wary of people with little trading experience trying to make money off subscriptions or courses. There are many, many junk day-trading courses out there, so make sure to do your research before starting your education.
What to Look for In a Day-Trading Course
As a general rule, only consider a course offered by someone with at least 10 years of trading experience. That way you know they have been through the ups and downs and are a better trader for it. Many courses you find online, offered by people with only a year, or even several years, of experience, likely won't be there a couple years from now.
Most traders don't last, so stick with courses and traders that have been around a while. All the best day-trading courses discussed below meet this criterion as well as provide valuable trading information. Also, keep in mind that just because a trader says they have traded for 10 or more years, doesn't mean they are a good teacher or offer a good course.
The best day-trading courses teach you to trade for yourself. They don't leave out critical information so they can take money from you month after month. Strategies and information should be offered in such a way that you can eventually trade on your own. You may choose to take part in monthly programs or chat rooms they offer, but you don't have to.
The best day-trading courses make you self-sufficient, and don't keep demanding fees month after month, or require you to buy course after course to find missing pieces of the puzzle. The best day-trading courses, discussed below, will make you a self-sufficient trader; while you do pay initially for the education, that fee buys you an education you can use for the rest of your life.
Have Realistic Expectations Based On Your Work Ethic
Statistics have shown that most day traders fail. Even with the best education, most want-to-be traders will still fail, because they don't practice what they are taught, or they choose to ignore some or all of the advice provided. Trading is a difficult task, and people (especially unsuccessful traders) aren't going to blame themselves for their failure, they are more likely to blame the teacher or the market. That means you'll see negative reviews on all trading schools and courses. Pay attention to those, but also pay attention to the positive things people say.
Being a professional trader is like being a professional in other careers...it takes a lot of work, time, and dedication. You can have the best education, but ultimately it is you who is responsible for your own success. If you are an athlete, you may have the best running coach in the world, but until you actually start practicing and putting in more work than you competitors, you won't win.
Day trading is a battleground. In order to win, your skills need to be better than most of the other traders in the marketplace, you need to be less affected by your emotions than those around you, and you need to practice a reliable strategy for hours a day, for months, before you can expect to see consistent, profitable results.
All that said, here are some established, quality day-trading 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 time of publication.
Day Trading Academy
The Day Trading Academy focuses on futures trading, primarily E-Mini S&P 500 (ES) futures. They teach 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 includes an online course with reading and loads of videos highlighting each point. The course starts with the basics, and then builds until you ultimately learn an adaptable trading strategy.
Exercises are provided throughout the course to get you practicing the concepts you learn. These exercises can be submitted for review to the DTA.
The course is $2,997 and includes (all online) access to the course, three months of one-on-one mentoring, weekly webinars/live trading classes, review classes, and video recaps showing the main opportunities (based on the strategy) each day. Packages with additional mentoring time are also available.
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 the Day Trading Academy, check out their website and sign up for their free day-trading newsletter (click "Start Now") for trading insights and information on how to get started on the course.
The Day Trading Academy was founded by Marcello Arrambide. He began trading in 2002 and started the DTA in 2011.
The Stock Whisperer
If you're interested in day trading stocks, The Stock Whisperer offers a number of different courses and services. Stefanie Kammerman, the stock whisperer, provides a free "whisper of the day" that includes stocks and ETFs to watch that day, along with important price levels.
For live trade signals, and to watch Stefanie trade, join The Java Pit. It's $9.95 for the first month, and then $69.95 per month after that. You'll learn a lot, but it isn't a course, it's a trading room.
For courses, you have a number of choices. The courses teach you the strategies Stefanie uses, along with lots of examples. After taking a course you can join The Java Pit to see more examples, or you can continue trading on your own with your new found knowledge.
Counting Cards on Wall Street is one of the main day trading courses offered, via three parts ($99, $199 and $199 respectively). You can also get all three courses (along with What's Inside the Candle, which is $199) in the Ruby Education Package for $499. The package deal offers significant savings over buying the courses individually.
The Stock Whisper focuses on tape reading (time and sales), spotting big buyers and sellers (prints), volume analysis, support and resistance, and dark pools. The Stock Whisperer also offers a number of other courses, including swing trading courses, boot camps, and one-on-one coaching. Check current prices and availability on the Stock Whisperer's Courses page.
Stefanie began trading in 1994 and in 2010 began teaching in the online chat room.
If you are interested in trading options, TRADEPRO Academy has a number of different courses and services available. Options aren't typically day traded, although, based on the strategies you will learn, you can take short-term options trades, for both day trading and swing trading.
The Path to Profit course introduces traders to the options market and then teaches a reliable options trading strategy where risk and reward are fixed on each trade.
The course includes an options refresher (available for free), assessing volatility, picking the best options to trade, building a trading plan, placing orders, capital management, managing trades, assessing profit/loss scenarios, part-time trading and a full day of living trading.
The course is $147 as a stand-alone product, or receive The Path to Profit Course (along with all courses offered by TRADEPRO Academy) for a subscription of $79 per month, which includes the "Pro Package." That gives you access to a success coach, all trading courses (The Path to Profit, Foundations Course and Options Course), as well as additional courses, weekly analysis webinars, and live trade alerts.
George Papazov is the founder of the academy. He began trading in 2001 and started TradePro in 2012.
Final Word on The Best Day Trading Courses
There are loads of day-trading courses, and some great ones may not be included on this list. But when it comes to futures, stocks and options, The Day Trading Academy, The Stock Whisperer, and TRADEPRO Academy do a great job of teaching traders how to be successful in that respective market.
These traders have taken the time to build a course, as well as give up their time to mentor students and create webinars/forums for traders to discuss what they are learning and pose questions. That is why there is a fee, but when you consider the rewards that trading offers, including lots of free time and an income, the fees for these courses are actually quite low.
Remember to temper your expectations, though, and realize that your ultimate success is up to you. If you don't put in the work and the time, you won't be a successful trader, period, no matter how many courses you take.
If you opt to participate in one of these day-trading courses, make you sure 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.