Whether you’re new to the stock markets or are just looking for a better strategy to reawaken your career, it’s important to enlist the support of a skilled trainer. Indeed, with statistics confirming that 90% of traders fail, you are better off investing in knowledge first. With sound knowledge, you’ll be able to use all the tools available to you and transform your experience into cash. What’s more? Training can help you achieve the discipline and prowess needed to avoid some of the common trading pitfalls.
The following review provides you with an overview of which trading course is the best. It also discusses the different options available under each one of the courses reviewed.
1. Investors Underground
Run by Nathan Michaud, a renowned trader, IU has been in existence since 2008. It contains a vibrant online chat room where traders of all levels meet to share ideas and learn. You shouldn’t, therefore, be surprised to learn that star traders like Eric Wood and Tim Grittani attribute their success to IU.
Generally, the service focuses on three things (1)OTC trading (2)Swing trading, and (3)Momentum trading. That said, their entire crew seems to place more emphasis on momentum trading. As you might be aware, momentum trading entails identifying stocks of above-average trading volumes. This, however, should not be mistaken for scalping.
It would be correct to also say that IU focuses more on technical analysis than fundamental analysis. Some of the core strategies dished out on this platform include short-selling parabolic moves, ABCD charts, red-green trading reversals, and so forth.
Nathan and team are always keen to bring to your attention some of the great trade setups of the day. Likewise, they even show you how to trade stocks with stakes for as little as $1. In a nutshell, this is your go-to platform if you’re looking forward to a fast-paced style of trading.
Another plus with Investors Underground is that they host monthly webinars. These provide a wonderful platform for you to shoot all the tough queries that might be bugging you.
That said, we feel that IU is best suited for traders who are already familiar with the basics. Fortunately, for greenhorns that is, there’s a free IU course that’s meant to help you learn the ropes before paying up for the advanced courses.
- Highly transparent learning platform
- Considered the top favorite by big and small traders alike
- Reliable customer support
- Energetic chat room full of positive vibes
- Aims to help you become a self-sufficient trader
- Its premium packages can be pretty costly for some
2. Warrior Trading
WarriorTrading is one of the most sought-after stock trading training platforms available today. It is moderated by Ross Cameron who is a renowned stock trader. The platform mainly specializes in momentum trading. They charge a monthly fee for training although one can always purchase the entire course at once. What’s more? For the doubting Thomases, Ross has included a 5-day free trial window.
That window of opportunity allows you to get an inside scoop without committing your hard-earned cash.
The backend of this program is quite well organized and neat. This is unlike other platforms that mix up everything and the learner has to figure out stuff by themselves. In fact, the simplicity of this platform might surprise you. To give you a rough idea of how popular WarriorTrade has become, over 12,000 people search for it online every month. This is clear proof that there’s great demand for their services.
What we particularly liked about WT is that it’s based on a real-time chat room alongside trading tools and courses. There’s also a simulation program provided for those who would like to test their strategies without risking real cash. How can you beat that?
On the flipside, though, despite the platform boasting a vibrant chat room, they don’t provide an opportunity to duplicate trades. Fortunately, you can still listen in to the conversation and grab a few entry and exit strategies.
It’s no wonder the platform has been nominated twice for the Benzinga Fintech Awards. As you’d expect with a platform of its caliber, they focus on both fundamental and technical analysis. That’s the kind of diversity you need to thrive in a highly competitive trading landscape.
Besides offering premium services, this program also provides a couple of freebies. These include free trading tools such as free webinars, free strategy seminars and so forth. What’s more? WarriorTrading coupons are always readily available. So if you’d like to save a few more bucks in your subscription, you can take advantage of those.
- Great approach to training
- Wonderful balance between technical and fundamental analysis
- Interactive and fun learning
- A wide variety of training approaches used
- Great success rate
- User-friendly learning platform
- No chance for duplicating trades from the chatroom
3. Trade Ideas
Trade Ideas is best known for its use of artificial intelligence in scanning the stock markets. But did you know that they have a built-in training program as well? Yup, their training platform is available when you sign up for their market scanner. We genuinely think that their coaches provide amazing content and that’s why we included their course on this review of best online stock trading courses.
The training is available either through their TI University Class or 1-on-1 training sessions. The university module comprises 4 different levels of learning complete with a robust selection of instructional videos. In addition, eBooks and other trading documentations are provided to help make your trading experience even more appealing.
On the downside, though, the TI University comprises archived courses. So, if you’re looking for live training, you’d need to book a 1-on-1 training. Unfortunately, this option is quite pricey as you’d need to part with a whopping $99 per hour of training.
Therefore, much as we laud Trade Ideas for their excellent stock scanner and training team, they still have a long way to go. The cost of their live training is also quite high. Fortunately, they have included some archived classes which beginners on a tight budget can take advantage of to learn.
That said, we still love the fact that their approach to training takes all different trading styles into account. Their content is presented in the form of online webinars as well as weekly stock picks. Also, there are helpful trading rooms provided. So, irrespective of your style of trading – whether day, swing or long-term – you can always find a strategy here that suits your rhythm.
Compared to the likes of Warrior Trading and Investors Underground, though, we think the TI training needs to up its training strategy. They particularly need to stop focusing too much on technical analysis. That said, we understand that the reason they emphasize on technical analysis is so they can drive up sales for their AI software, Holly.
- Great trade alerts
- Helpful content
- Some education resources are available free of charge
- Specialized training available on-demand
- Great use of artificial intelligence
- Simplifies stock trading through AI use
- Quite pricey
- Leans more toward technical analysis rather than fundamental analysis
4. Online Trading Academy
There’s no doubt that the Online Trading Academy is one of the leading lights in the world of stock trading. They claim to have trained over 200,000 students since 1997. Indeed, the organization has grown immensely and currently has 40 physical locations from the US, Europe, Canada to Asia and the Middle East.
Their training covers a wide range of trading styles. So, whether you’re a multi-day swing trader or an intra-day scalper, this platform has certainly got something for you. On top of that, they balance technical analysis with fundamental analysis thereby providing you with a dynamic range of trading perspectives.
However, their training tends to lean more toward technical analysis. Also, we feel that their approach favors scalpers and swing trader more. One thing to note, though, is that they provide training on-location and online. Their trainers strive to make the learning process as fun as possible though they cannot match what sites like Bulls on Wallstreet and Investors Underground provide.
As you advance in the training, there’s room for you to take up one of the specialty courses. These can provide you with the confidence you need to enlarge your investment portfolio. But while OTA strives to provide quality education, we still find that they lag behind in providing ongoing support. So, if you’re a learner looking for personalized training, this is might not be the perfect springboard for you.
- Combines fundamental with technical analysis styles
- Good learning curve
- Great curriculum
- Superb learning materials
- Flexible learning times
- Specialty courses are quite expensive
- Inconsistent pricing
5. Investool by TD Ameritrade
TD Ameritrade has been around for several decades. They’ve built a name for themselves as a go-to platform for self-directed trading. In particular, the company runs a learning platform known as the Investool. This is an online-based class with lots of content meant to help build your confidence.
The main advantage of this platform is that it’s home to some of the world’s leading stock trading professionals. It’s, therefore, not a surprise that their lessons are pretty well laid out. They come with detailed lesson plans, quizzes and above all you’ll find final exams set aside as well.
As you progress through the training, your progress is automatically saved. What’s more? You can always take the training at any time of the day depending on your schedule. Basically, the Immersive Curriculum comprises articles, videos, and webcasts.
Some of the topics covered within this free training include fundamental analysis, portfolio management, technical analysis, and trading options. And even though that’s quite comprehensive a list, we think Investools has a long way to go in making the learning process fun.
For now, all they have is a library of helpful content. They lack trainers who are willing to make the whole learning process fun and rewarding.
- Offered by a renowned stock brokerage firm
- Backed by many years of experience
- Highly detailed content
- A wide variety of trading strategies recommended
- Offered in a variety of interactive platforms
- Lacks a personal touch
- At the end of the day, Ameritrade is a stock trading platform not solely a training platform
6. Bulls on Wall Street
Established in 2008, this training platform is renowned for offering intensive training culminating in different styles of trading. The site was originally founded by Kunal Desal who claims to have been in this industry since 1999. In fact, in the introductory video, he claims to have started trading stocks since when he was 18.
The Bulls on Wall Street curriculum can be broken down into several components ranging from market essentials, technical analysis, and charting. Besides that, this program teaches you everything you need to do so you can select the right broker to work with.
Kunal is a highly skilled investment expert who is clearly passionate about this niche. Besides that, Kunal is keen on ensuring every trader who joins the bandwagon is able to make sense of it and earn profits fast. So, he also posts frequent trade alerts in addition to providing in-depth narrations through ScreenShare, audio, and video content.
Kunal works alongside a team of trainers and mentors who can help provide you with personalized support at every step of the way. One thing we couldn’t help but notice is that the trainers have a great sense of humor. So, apart from taking you through mountains of content, they also focus on making the whole process fun.
The only major downside noted with Bulls on Wallstreet is that they’re not really good at sending out alerts. So, this isn’t really a service you can rely on to get consistent briefs. That is a serious flaw on their part since a lot can happen in the markets in short periods of time.
Of course, that may not be a big deal for experienced traders but it’s unfortunate that they’ve not invested in this all-important feature.
- Detailed, personalized training
- Great visual and audio quality
- Close to 1 decade in this game
- Reasonably priced training services
- Lots of freebies included on board
- No trial membership is available
- The chatroom is a bee-hive of activity and might overwhelm you with chatter
- No star traders included on their team apart from Kunal
Making money through stock trading isn’t a cake walk. However, with the mentorship and support of skilled tutors, you can gradually begin to make business sense out of the murky waters of online trading.
To this end, we’d like to zero-in on WarriorTrading and Investors Underground as the best picks overall. The two provide specialized training and are home to some of the world’s most skilled trainers. They also offer a fairly attractive blend of features as compared to all the other training courses reviewed in this write-up.
Blake is a self-made online day trader with a knack for adventure. On his free time, he loves reading and learning new thing as well as improving his jiu-jitsu skills. He currently resides in New York City. Learn More >>