For those seeking to grow their wealth and outpace inflation, investing offers an alternative to leaving money in a savings account. This involves holding assets like shares rather than relying on interest from deposits. While investing has the potential for higher returns over time compared to saving, it also carries a greater risk of loss.
Typically viewed as a long-term approach, investing often yields returns over the years. However, for individuals comfortable with risk, stock trading provides a more immediate avenue. Stock trading involves buying and selling assets within short timeframes—ranging from a single day to a few weeks—with the goal of capitalizing on quick price movements. Although this approach aims for faster profits, it also carries the risk of swift losses.
New traders may find the starting point challenging, but there are numerous online resources available. Here’s an overview of educational options for those interested in joining the trading community.
Educational Resources for Stock Trading
Structured Courses
- Trading Skills Course (London Academy of Trading): Available online, in-person, or both, this four-week course covers real-time asset trading and stock market fundamentals. Materials include video lectures, written resources, and live webinars, with tutor support. It caters to both beginners and experienced traders, offering additional options such as the Advanced Trading Course and specialized courses in options trading and trading psychology.
- Pro-Trading Course (Trading College): A 12-month program focused on day and swing trading, covering various markets like US and European stocks, Forex, and commodities. The course includes access to proprietary software and an online trading community. It’s delivered online or through a combination of online and in-person sessions, with free introductory webinars available.
- Analyst Academy (Behind the Balance Sheet): Taught by former equities analyst Steve Clapham, this year-long course emphasizes company analysis to identify investment opportunities. It features online study materials, regular webinars, and exercises, making it suitable for beginners with an interest in in-depth financial analysis.
Learn at Your Own Pace
- Intro to Stock Trading (EdX): Delivered by the New York Institute of Finance, this free course offers a foundational understanding of stock trading, led by ex-Wall Street traders. Topics include key terminology, setting goals, entering trades, and stop orders. Extended access to course materials is available for a fee.
- The Complete Foundation Stock Trading Course (Udemy): Taught by trader and programmer Mohsen Hassan, this 9.5-hour course covers stock market principles, risk management, short selling, and trading psychology. Available through Udemy, it is designed for beginners and intermediate traders.
These courses offer varying levels of depth and flexibility, catering to both beginners and those with some trading experience.