A good, honest online daytrading school?

Discussion in 'Educational Resources' started by Forum Moderator, Dec 28, 2010.

  1. May some of you seasoned daytraders recommend me a good and honest daytrading school? The only way for me to take courses, right now, is to take it online.

    Btw, how do you guys like your main or even secondary occupation as a daytrader? is it what you expected? worse, better or about the same. I know a little bit about stocks -just enough to make me dangerous. But I have been getting real interested in the stock market and about to retire from the military in six months........
  2. First of all, thank you for your service. Second of all, it's nice to see someone come into the game who knows their limitations.

    Unfortunately, from what I have seen, you are going to get charged thousands for learning very basic info while learning online. I really hope someone can dispute this, but you may be better off reading trading books and eventually getting your feet wet with real cash.

    As far as my experience goes, I think the need to understand how quickly things can quit working was my biggest kick in the pants. But it's a living. And a tough one.

    But I'm a stock guy. Some index traders may differ.

    I have an idea for you, but it will be via PM.
  4. trendo


    Hello Forum Moderator,
    I wonder if you will be allowed to keep your screen name. As for online daytrading schools that are good and honest, I don't know of any. Good luck on your journey!
  5. the1


    Those who can do; those who can't put up websites and teach. Your chances of finding a reputable, profitable online daytrading school are slim. Most traders become profitable through the school of hard knocks. There is no easy way and the path is full of tremendous disappointment.

    Is day trading everything I expected it to be? In a word, yes, but if I had to do it all over again I would not pick trading as a career mainly because of the stress involved and also because the primary objective of the profession is to make money, a lot of money. The older and wiser I get the more I realize that money is a tiny, tiny factor in ones happiness and sense of well being. I would probably get a PhD in Microbiology if I had the opportunity to do it again.

    I've been trading for more than 20 years and I recently went back to school to get a 2nd Masters degree because I'm considering moving away from the trading profession as my primary source of income.

    If your heart is in it and it's all you ever wanted to do then by all means pursue your goals but you have to realize the odds are stacked against you in a big way and if it's just money that your after there are plenty of other ways to achieve that goal. I often wonder what I could have accomplished if I put as much time into trading into something like Biomedical Research. I'm fairly sure the satisfaction of developing some sort of medical treatment to change someone's life is much more rewarding than ringing the cash register.

    To sum up. Online daytrading schools are in business just to suck you dry. You're not likely to learn much and if it's just money you're after there are many, many ways to achieve that goal.
  6. JnBadger, the Big Man, and trendo

    Thanks everyone for their quick reply. Those simple and immediate answers probably saved me a bunch of money let alone time. And now wonder what would be a good book you guys would recommend.

    I would like also to glean from your guy's wisdom.

    trendo, as of now, they haven't said anything about my screen name. Maybe it's just a matter of time until they find out. Or perhaps, if I don't purposely upset anyone, they will let it slide.

    JnBadger, I look forward to your PM.
  7. 20 years is a lot of years, the1.
  8. jinxu


    No, you wouldn't want to. The opportunities for a science career has changed a lot from 30 years ago.

    Science Ph.D. Job Issues
    Don't Become a Scientist!

    There's a reason why I didn't go into graduate school when I completed my degree.
  9. +1

    I would never tell anyone I know to go into it unless they were relentless about it.
  10. I have never used any trading school or the like. What is probably a better idea is to buy a couple of the good trading books (PM me or ask around if you can't find which ones) and read them for a start. These are available electronically via Kindle etc

    If you really want to look at someone trading I found that this site was pretty good. I didn't really learn a lot per say but it was interesting to see someone else trade and from what I gather they are quite successful. I have never paid for their subscription so I can't comment on that...

    So go to todaytrader.com and on that page click the youtube icon on the main screen... this will take you to Steve Gomez's trading videos which you can watch for free to get an idea of what trading is about. There are a few hundred videos on there.

    Like I said I didn't learn a lot from them but they were still interesting to watch.

    In terms of learning nothing beats screen time but a couple of good books will help a lot with the basics
    #10     Dec 28, 2010