Hi All,
Just a quick note to those who are looking for educational courses and training related to trading.
A word of warning: There are a lot of courses on offer that are long on sales pitch but short on useful content once you sit down on the day. I have come across many clients who have been on these sort of courses and came out more confused than when they went in.
If you read that someone has read loads of books on trading would that encourage you to listen to what they’re saying? I didn’t think so, especially where trading is concerned. and this is one of the biggest problems with seminars/training course on trading: They’re not run by successful traders. In fact many of them are run by successful motivational speakers who make you feel great, but teach you little about the realities of trading the markets, and the swings and roundabouts you will inevitably experience as a trader, however much experience you have!
They’re not run by successful traders, because succesful traders don’t need the money, quite simply because they’re successful traders, and they wouldn’t want to waste time training people when they could be using that time trading, and making more money!
So that presents a problem if you’re looking for a training course. What can be done then?
The best advice I can give is get to know a network of people who are trading or interested in trading. Go to the message boards (like Trade2win) and attend the conferences (like the IX Investor Show or the World Money Show), and create your own network of people who have been through this process. They will tell you there’s no “quick fix” and no fast money to be made in the markets.
Remember the old adage “If it sounds too good to be true, then it probably is”. Adverts that suggest you can become a Millionaire with just 20 minutes work a day surely come into that category.
But you can make money trading, and a decent start, in the shape of a decent training course from a decent provider, can save you much more money than just wading in, losing you money to the markets. There will be plenty of time to learn trading lessons with real money, and trust me these are often the most valuable lessons!
The point of this Blog post is to put forward one of my suggestions if you want to learn the ropes with a trusted, professional provider of trader training. David Norman at the Trader Training Company has been doing this for many years, and has put together a really decent programme that helps you understand all aspects of trading.
I would strongly suggest you GIVE YOURSELF A CHANCE to make money in the markets before you start to trade heavily.
Click here to go to the link on our website for the up-coming “Boot Camp” at the end of April. I am doing the Technical Analysis module, around 6 hours of Technical Analysis training over two afternoons, covering basic principles, different chart types, Candlestick analysis, momentum indicators, and practical application.
Cheers,
Clive.
PS. The book got a review on Page 73 of this week’s Investors Chronicle. Here’s the link: Three winning traders’ guides