Recommended Courses For Learning To Day Trade

It seems that every week there’s a brand new day trading course the pops up on the scene. They all sounds marvellous in the sales copy, so how to you go about choosing one that’s right for you?

Here we present our top picks of courses for all styles of day trading.

Stock Trading

Veteran day trader Harvey Walsh has a formidable reputation. He was the first trader to post live trading videos on YouTube. His so-relaxed-he’s-almost-horizontal trading style is a breath of fresh air, and has been a hit among his many students,

His Day Trading Freedom course is the complete package for anyone who wants to get into trading stocks, and more specifically, US stocks.

Walsh trades primarily the Nasdaq. His course is presented in two parts (both of which are included in the very reasonable asking price). Part one covers the basics, whilst part two goes in depth into how to pick stocks and trade them.

It’s a simple system, which is one reason it works so beautifully. Walsh’s writing style is informal and easy to digest. The course is easy to follow, and there’s video content too.

Forex Trading

If you’ve ever looked into trading forex, you’ve probably noticed one name coming up again and again – Peter Bain. That’s hardly surprising, his Forex Mentor course has been around longer than most, and it’s sticking power is testament to the solid content.

Bain himself was the original “mentor”, but over the years his course and site have grown and grown, and now there are many teachers. There are good and bad points to this. On the one hand, it can be confusing seeing different methods and styles, particularly when starting out.

On the other hand, having a membership of Forex Mentor means you have all the forex information you could ever need in one central location. Chat rooms and videos enhance the learning experience, but be careful not to become dependent on chat room tips.

Futures Trading

Woodies CCI Club is a free site that teaches mainly futures trading using only the CCI indicator. When we say “only”, we really mean it – many of Woodies students actually turn off the prices on their charts and watch just the indicator!

Woody has been around for years, and his CCI Club has grown up from being a little paltalk chat room to a sprawling website with many contributors. There are paid rooms too, but you don’t need them.

The site is somewhat anarchic, there’s a distinct lack of organisation. Even so, it’s worth persevering with it because all the information is there, and the strategies most certainly work.

 

Options Trading

Our honest view is that if you are learning day trading for the first time, you should steer clear of options. They’re complex, and even many seasoned traders have trouble with them. You’re better off with stocks or forex (and we’d go for stocks every time, they are just simply easier).

That said, if you want to go with options, our recommended course is the options Income System. It’s a video based course presented in 11 parts. The initial sections, like with all the other courses we’ve recommended, cover off the basics, ensuring the course is suitable for beginners.

Then comes strategy, and unusually, advice on which broker to use. There are some bonus strategies that are bundled with the course, but these are essentially just variations of what has already been taught in the main part.