Whether you’re new to stock exchange investing, or have some experience but still lack the confidence, a good share trading course will equip you with the knowledge and fortitude to assess market conditions, identify winning stocks, and develop in you the clear knowledge of when to enter and exit trades.
Fortunately, there is plenty of good material and trading courses on the market. The question, of course, is which one is best for you.
Even if you’ve never traded before in your life, we each have different personalities that will fit better with different styles of trading.
And the time we have available to trade on the stock market is important too. After all, there’s no point becoming a day trader if you don’t want to be glued to your computer for many hours of the day.
Most people interested in investing in the share market online do so with a view to short or medium term trading. This is in contrast with someone who wants to buy and hold stocks for a long period of time, as in Warren Buffet’s approach. For a short to medium term investor, a share market course in day trading, swing trading, position trading, momentum trading, or a system that utilizes aspects of more than one, would be of most practical use. Let’s look at each of these, with some recommendations.
A day trader closes out all their positions the same day or session as they are opened. You can do day trading part time, as the first 2 hours the market is open often has the best trades according to the momentum trading system, and possible others. Many day traders do it full time, however. You can read more about day trading here.
A swing trader holds positions only for a few days. This type of trading can be done part time as well as full time. You can read about swing trading and a share trading course recommendation for it here.
Position Trading
Position traders hold stock for anywhere from 5 days to several months, even 6 months or a little longer. Position trading is often preferred by those who have a busy lifestyle, or simply don’t want to turn trading into a ‘job’. You can spend as little as half an hour a day doing position trading, sometimes even less if you use mechnical systems. This really suits those who want to trade on the stock market part time whilst they work their regular jobs.
Summary
The internet has opened a lot of doors for people who wish to study a share trading course at home. There are a lot of good courses by successful investors, which can teach you in a very focused and practical way the tools and knowledge you need to be a successful trader at home. And due to the nature of the internet, those courses can be delivered in a very flexible way, and with a lot of interaction – you don’t need to attend set classes at particular times of the year, yet you can still benefit from a direct interaction with course teachers. You are not restricted to courses in your local neighborhood. Nor do you have to cover a lot of theory that isn’t strictly related to the immediate business of investing.
And, importantly, you can often find share trading courses that are ahead of the ‘lemmings’, courses giving you an edge over other would-be investors that don’t have access to such tools or techniques. Major investment firms like Goldman-Sachs devote enormous resources to developing algorithms and systems that take the potential for human error and attachment out of share trading. They do so because systems begin to lose their effectiveness when too much of the market starts using them, yet such systems offer enormous advantages when they work. The rewards for staying ahead of the mass market are huge, and they are willing to invest accordingly.
