Australian (ASX) Stock Market Forum

Are there any recommended trading courses?

Jump to new
greggles said:
All human being are different. Some are better with their hands, others with their minds. Some are aggressive go-getters, others are quiet and reserved. Some people suffer from anxiety and high pressure jobs would reduce them to a nervous wreck. You can teach someone business theory but that won't make them a good businessman. Temperament, natural talents and inclinations and other aspects of our personalities tend to rule us more than we give them credit for. I'd be a useless accountant because I hate crunching numbers and it bores me silly.

I have no doubt that you could teach most people about trading concepts, for example technical analysis and money management, but that won't make them good or successful traders simply because they may not be suited to it, may not have the temperament for it, or may not be able to successfully apply those concepts in a practical way. Maybe they'd rather be outside ploughing a field with a tractor?
Click to expand...
Did they not prove it to an extent with the famous turtle traders???
 
Triathlete said:
Did they not prove it to an extent with the famous turtle traders???
Click to expand...
As I understand it, thousands applied to be one of the turtles and only fourteen were accepted. There was a selection process that weeded people out. So in the end, you were left with people who had an interest in trading and who demonstrated some kind of aptitude for it. I have no doubt that you could train those people to be successful traders.
 
greggles said:
As I understand it, thousands applied to be one of the turtles and only fourteen were accepted. There was a selection process that weeded people out. So in the end, you were left with people who had an interest in trading and who demonstrated some kind of aptitude for it. I have no doubt that you could train those people to be successful traders.
Click to expand...
Well lets take myself as an example....I had always been someone who only bought shares to hold for the long term... buy and hold and not to trade.Then one day a friend of mine asked me about trading as she wanted to get into it and I had no idea so I decided to find a way to learn to see what trading was all about...saw a company on the business channel that was running courses and as an experiment threw my hard earned money into it and began the process not knowing whether I would be successful or not or whether the course would be any good and even whether I would want to be a trader.

Glad to say that someone with only a Year 10 education could be taught to trade...:D
 
Triathlete said:
Well lets take myself as an example....I had always been someone who only bought shares to hold for the long term... buy and hold and not to trade.Then one day a friend of mine asked me about trading as she wanted to get into it and I had no idea so I decided to find a way to learn to see what trading was all about...saw a company on the business channel that was running courses and as an experiment threw my hard earned money into it and began the process not knowing whether I would be successful or not or whether the course would be any good and even whether I would want to be a trader.

Glad to say that someone with only a Year 10 education could be taught to trade...:D
Click to expand...
I'm very happy it worked out for you, but you've obviously got an interest in financial markets. I think it probably has less to do with your level of formal education than your willingness to learn and an aptitude for what trading entails - critical thinking, analysis, visual literacy, etc.
 
I guess we can keep going around in circles but my view still stands that while I believe you can be taught to trade medium to longer term...short term trading or trying to trade leveraged markets is a completely different beast.......

Where a beginner should start is trying to trade slower moving timeframes such as Monthly and weekly and EOD.....Most start trying to trade hourly and daily and that is there first mistake, then they may have some success and they dive straight into leveraged markets wipe themselves out never to return...

I would not even go near a leveraged market until I could trade profitable for at least 2 years....

Even one of those traders on Aaron Fifield's video said he was trained for 12 months in a hedge fund by professionals goes out on his own and wipes out 2 accounts for 70K so what chance has a beginner got if they attempt it the wrong way?
 
LinSa
I am in exactly the same boat as you. I am also new (just registered on this forum after I read your post) and did have all the same concerns. I also spend too much money in the property game, but as everybody knows, the property market is not the same anymore.

I will spare you all the detail, but I am halfway through my course with Ross Cameron from Warrior Trading. I took the plunge and I must admit that I am quite impressed. This guy (obviously he is making money by selling you the course), but he takes you into his trading room and shows you how HE is doing it. I find his course easy to follow as it's all structured to make sense. He works on a syllabus that teaches you different strategies from which you can pick the one most suited to you. He himself is a momentum trader, but he teaches you different methods, even crypto's, if that is your kind of fish!

As said, I am only halfway through, but I really think that I have invested wisely this time. Look up Warrior Trading with Ross Cameron. There is a lot of his stuff on Youtube. Also reviews.

My only problem is that he trade on the NYSE and they are active when we are sleeping. I will have to find a way to stay awake which is hard when you work 12 hour shifts like I do!

Nevertheless, check him out.

PS. I also started by reading books, but found that I was suffering from "information overload". I have put all books away and are only concentrating on his learning material and are enjoying it immensely!

Here is the link: https://www.warriortrading.com/
 
Barn said:
LinSa
I am in exactly the same boat as you. I am also new (just registered on this forum after I read your post) and did have all the same concerns. I also spend too much money in the property game, but as everybody knows, the property market is not the same anymore.

I will spare you all the detail, but I am halfway through my course with Ross Cameron from Warrior Trading.
Click to expand...

"...My Challenge to take $583.15 and turn it into $1,000,000.00….Fully Transparent and Fully Verified…"

Starting Balance on Jan 1 2017: $583.15

Total Gains as of 7/31/2018: $697,252.25

Total 2017 Profits: $335,027.71

Total 2018 Profits: $313,213.97

Then this disclaimer... "These results and performances are NOT TYPICAL, and you should not expect to achieve the same or similar results or performance. " haha

Hilarious. It's over $6000 U.S for the course. Can we ask Barn that you provide the course for free as you must all be multi-billionaires making that much money per year.

Scam and barge pole come to mind.
 
Barn said:
I will spare you all the detail, but I am halfway through my course with Ross Cameron from Warrior Trading. I took the plunge and I must admit that I am quite impressed. This guy (obviously he is making money by selling you the course), but he takes you into his trading room and shows you how HE is doing it.
Click to expand...

Well, it didn't take long to find plenty of others who disagree with your suspiciously positive review:

https://www.tradingschools.org/reviews/warrior-trading/
http://www.trade2win.com/boards/first-steps/226692-anyone-experienced-warrior-trading-chatroom.html
https://www.valforex.com/2017/09/warrior-trading-review-best-trading-school-or-scam.html

They have a strict no refund policy which means you have no chance of getting your money back if you are dissatisfied with the course.
All payments made to Warrior Trading in connection with any product purchased or account or service, and any renewal thereof, are non-refundable; and Warrior Trading does not offer, and is not required to provide, any refunds or credits for any reason, including, without limitation, satisfaction or your failure to cancel your account or service prior to its automatic renewal. There is no circumstance in which you will be entitled to, or Warrior Trading is required to provide, a refund or credit for any reason, including, without limitation, satisfaction or your failure to cancel your account or service prior to its automatic renewal.
Click to expand...

As I have stated numerous times in this thread previously, I recommend avoiding so-called "gurus" who promise to teach you how to become a profitable trader for thousands of dollars. These people are making money from selling courses, not from trading. Buy a couple of books by real pros such as Alexander Elder or Mark Douglas for $40 or $50 each and see if trading is for you. Don't spend thousands of dollars under any circumstances.
 
Ha. I went to the webpage for that course and there were these live notifications coming across of people who have purchased a course or subscription right now. Either people are stupid and the &%^ are making truck loads of money or they are fraudulent automated notifications.
 
CanOz said:
Everyone must find thier own way....
Click to expand...

This vibe... this vibe you're doing right now has surrender and immediacy -- You can trade from that place. Just stay loose and feel your way. Don't think. Move swiftly without hurrying, and don't make the slightest effort. Allow that vibe to run on.

And please don't reply. I don't want a reply. Just use what you have right now.
 
No Need to Pay $$
I would start with the ASX stockmarket education course
Then some basic fundamental analysis . plenty online. Decide if you want to invest or trade.
Investing probably requires better uderstanding of fundamentals, the shorter the timeframe the more technical analysis will be used.
Then look at some basic technical analysis.
I use a method called Wyckoff Method. So named after Richard wyckoff. I believe there is a Wyckoff institute that has been around for nearly 100 years.
Here is a good intro
https://stockcharts.com/school/doku.php?id=chart_school:market_analysis:the_wyckoff_method

on the same site
Go to April 2015 to start at the beginning .Some good basic info on how to draw trend lines reverse trendlines support and resistance .
https://stockcharts.com/articles/wyckoff/archives.html
Look up position sizing and risk management.
Paper trade on asx game , trade direct 365 Demo acc. with your new skillz
If you want to pay for a real course SMB capital are a real prop trading firm who also does education.
look em up on youtube.
Good luck .
 
Triple B said:
No Need to Pay $$
I would start with the ASX stockmarket education course
Then some basic fundamental analysis . plenty online. Decide if you want to invest or trade.
Investing probably requires better uderstanding of fundamentals, the shorter the timeframe the more technical analysis will be used.
Then look at some basic technical analysis.
I use a method called Wyckoff Method. So named after Richard wyckoff. I believe there is a Wyckoff institute that has been around for nearly 100 years.
Here is a good intro
https://stockcharts.com/school/doku.php?id=chart_school:market_analysis:the_wyckoff_method

on the same site
Go to April 2015 to start at the beginning .Some good basic info on how to draw trend lines reverse trendlines support and resistance .
https://stockcharts.com/articles/wyckoff/archives.html
Look up position sizing and risk management.
Paper trade on asx game , trade direct 365 Demo acc. with your new skillz
If you want to pay for a real course SMB capital are a real prop trading firm who also does education.
look em up on youtube.
Good luck .
Click to expand...


It's not really true that investing require a longer time frame while trading is for the quick buck.

Both approach ought to decided and act upon when profit is (believed to be) there for the taking.

That is, an investor (as opposed to a trader) should only invest when the profit is already there to be had. Just that often, it takes the market a few weeks or a few months or a couple of years... to see and recognise what was seen and slap themselves for their mistake.

So in that sense, people might see that investing is putting money into a stock/business and over time it'll grow to make you money. It might, it might not. Over time things might do well, or deteriorate and get worst.

Don't mistake the long-time investing for the long-term.
 
luutzu said:
It's not really true that investing require a longer time frame while trading is for the quick buck.

Both approach ought to decided and act upon when profit is (believed to be) there for the taking.

That is, an investor (as opposed to a trader) should only invest when the profit is already there to be had. Just that often, it takes the market a few weeks or a few months or a couple of years... to see and recognise what was seen and slap themselves for their mistake.

So in that sense, people might see that investing is putting money into a stock/business and over time it'll grow to make you money. It might, it might not. Over time things might do well, or deteriorate and get worst.

Don't mistake the long-time investing for the long-term.
Click to expand...
The way I see it is :
The bias towards which type of analysis to use shifts as the expected holding time shifts.
If F/A is used and the trade lasts a few weeks when months to years was expected then great . you timed it perfectly .
If you used T/A and the trade lasted a year when you expected to hold a few weeks then thats good to.
Not much point using an hourly chart for an invesment you see lasting months to years.
Nor is there much point pouring over P/E ratios , competitor prices , forward earnings etc for a breakout trade that should last a day or 2. I am talking about your expected holding time not the outlier.
 
Triple B said:
The way I see it is :
The bias towards which type of analysis to use shifts as the expected holding time shifts.
If F/A is used and the trade lasts a few weeks when months to years was expected then great . you timed it perfectly .
If you used T/A and the trade lasted a year when you expected to hold a few weeks then thats good to.
Not much point using an hourly chart for an invesment you see lasting months to years.
Nor is there much point pouring over P/E ratios , competitor prices , forward earnings etc for a breakout trade that should last a day or 2. I am talking about your expected holding time not the outlier.
Click to expand...

You're right that there's no use looking at "fundamental" factors if the trade is based on market price momentum, expect to ride the gain and get out in a couple days etc.

I don't know how to reliably predict market movement with any accuracy so no comments.

Was referring to, what I think anyway, might be a misconception in long-term investing. That is, when people talk of longterm investing. i.e. "proper" investing... they tend to think that profit is only possible in it over the, ahem, long time.

Tryin to point out that while that might very well be the case when you mark your profit to the market price... fundamentally, profit should already be made, at least in your head, the moment you made a decision to buy or to sell.

The time it take for the market to agree with you, or laugh at you, is just that, time.

There are exception of course. Namely, you buy in with profit "clearly evident" then over time the business deteriorate so you lose. But that's after the fact.

Or you buy at the wrong (high) price but over time the business hit some unexpected miracle and it gain... that's just good luck, not long term investing.
 
LinSA said:
Thank you to all members who have put in such interesting and useful responses.

I know I expected to hear differing opinions when I posed this question, but I didn't expect the huge rollercoaster nor that I would so easily join the ride. There were opinions of it being impossible to just learn from books, to ones that if I want to find an easier way to learn such as courses then I am just looking for an easy road :-/ . But I guess I knew that would happen.

I certainly didn't expect the nut bag who asked me to tell him who the course provider was, who I had no intention of disclosing until asked, and then turned around and accused me of trying to sell a course. I reckon that one isn't just the nut, he actually planted the nut tree!

There have been really interesting points of view, it was really surprising to hear of the psychological view. That one really intrigues me as I have a background in that area.

I am going through and taking notes of some of the really interesting responses, the resources, courses, books all mentioned and will go through all of them to decipher what might suit. Each and every response has been much appreciated, well maybe some of the nutty ones did my head in a bit and I might gloss over them haha, you have all given much food for thought. I most appreciate the ones who genuinely want to help me clear my path to learning, your responses really stood out.

When the post went a bit astray here and there I considered just pulling it down, but I want to leave this up here as in amongst it all there are some good ideas and food for thought mentioned, and even I will want to go back and have a look here and there. So thank you again, and if anybody else wants to weigh in with ideas as I see some are still coming they are most appreciated by me and I am sure anybody else who has this same question of 'how do we get started?'.
Click to expand...

Which course did you ending up with?
 

Similar threads

A
My experience with the forex course Learn to Trade/Smartcharts by Greg Secker
Replies
11
Views
2K
Joe Blow
Joe Blow
Fiona96
Trading US Stocks
Replies
3
Views
1K
karenjones
K
rolly1
XJO, Gear, Spi, Overwrites & CC's (no not the chips)
2
Replies
21
Views
2K
Rosscoe62
Rosscoe62
S
Courses to learn trading
Replies
1
Views
1K
Garpal Gumnut
Garpal Gumnut
R
Swing Trading Charting
Replies
3
Views
2K
robertbanking
R
Top