Career in trading

[CHINNI2A]

Hello All,

I am new to trading and want to change my career into trading
I have seen three firms (training in london)
1. Knowledge to action (2 days course fee 2995 + vat GBP)
2. London Academy of Trading (12 weeks course and fee is 3500 GBP)
3. Savi Trading (16 weeks course and fee is 2995 GBP)

Has any body ever gone through these training courses and which one would you suggest?
please can you share your experiences?

 

[Patricia12]

I did not join any trading training courses still now. First of all, you should check syllabus of trading courses offered by these all three firms and then decide for any one.

 

[anley]

Chin

All those courses are probably worthless as they will teach plain vanilla technical analysis, you can learn for yourself what they teach for about £50 in books. Also, learning to trade is no different from learning to be a lawyer or Doctor, ie it takes years.

 

[skai]

Yeah Chinni, I fully agree with anley. Trading is one of those science-arts that must be learned by yourself and on your own. Don't rely on anyone to learn trading, unless you have a good friend/sibling/etc who goes with you through the markets for years. Trading is a peculiar activity - its theory is one of the easiest things to learn, but learning the theory is about 5% of a trader's success. Practice is everything! Start by reading books, try strategies on a demo, build your own approach and start live trading. Don't risk much in the beginning and increase your size when you start to feel yourself confortable with your approach.
3000GBP - that's a good starting capital for your trading account, don't waste it on trading courses!
Good luck

 

[CHINNI2A]

Thank you all for your reply...
Skai: Unfortunately i dont have any friends who can suggest where to start and what to do? where iam strugging whether is it a right move or not?
Please can you suggest me any professional traders do training (like teaching basics) not the organisations....

regards,
Lavanya.

 

[pboyles]

Thank you all for your reply...
Skai: Unfortunately i dont have any friends who can suggest where to start and what to do? where iam strugging whether is it a right move or not?
Please can you suggest me any professional traders do training (like teaching basics) not the organisations....

regards,
Lavanya.

Don't do any of those courses, in fact don't do any trading course at all. They are generally a waste of money and some are outright scams who will disappear with your money.

 

[pboyles]

http://www.trade2win.com/boards/seminars-tutors/144668-secker-article-guardian.html

 

[pboyles]

You could look at the James16 thread on forexfactory.com and read the free stuff. At least that way you won't lose 3 or 4k to the various chancers that are selling courses.

 

[CHINNI2A]

Thank you very much....

 

[rossco23]

go on to daytradingradio.com - you can listen for free and pay for the trade alerts. There's tons of info on there. I've been a member for over a year and it's a fantastic site

 

[skai]

Thank you all for your reply...
Skai: Unfortunately i dont have any friends who can suggest where to start and what to do? where iam strugging whether is it a right move or not?
Please can you suggest me any professional traders do training (like teaching basics) not the organisations....

regards,
Lavanya.

Hey chinni, unfortunately I can't tell you where to find a mentor. It's a matter of luck. Usually traders are self-taught. I am one of them.
It doesn't matter how good of a trader you are you will still get confused on some trades, make mistakes and be completly blind of what is happening on the market. This is normal.
As I can't tell you where to find a mentor, I will rather give you a tip how to start your self education as a trader. This process actually depends on your personality. In my case, I started to trade on demo, and reading some trading books, such as A.Elder, J.Murphy and N.Darvas. After 3-4 books, you get a good theoretical basis. Trading books usually repeat on many subjects, so there is no difference between reading 4 or 10 books.
When you get some background you are good to go- start a small trading account and trade for real in order to feel the risk. Work on your trading approach, and never try to mimic it from some one else.
Then it is all a matter of persistence, keep training, keep trading, learn from your mistakes.
In summary, in order to be a successful trader you don't any course, nor any mentor. It might help you, but if you don't find one don't give up. Learn trading by yourself.
One of the finest things in trading is the freedom that you give to yourself. While trading for a living you have no schedules, no bosses, etc... While learning how to trade there is freedom too- you have to teachers, no exams, no marks.
Everything depends on you and nobody else

Good luck!

 

[CHINNI2A]

Thank you very much Skai...
I have inspired by all of threads posted on my question
Very happy and Thank you all and leart some things from T2W forums
Already started reading some internet articles and books about Trading for basic knowledge. i will not give up trading anymore...

Hey chinni, unfortunately I can't tell you where to find a mentor. It's a matter of luck. Usually traders are self-taught. I am one of them.
It doesn't matter how good of a trader you are you will still get confused on some trades, make mistakes and be completly blind of what is happening on the market. This is normal.
As I can't tell you where to find a mentor, I will rather give you a tip how to start your self education as a trader. This process actually depends on your personality. In my case, I started to trade on demo, and reading some trading books, such as A.Elder, J.Murphy and N.Darvas. After 3-4 books, you get a good theoretical basis. Trading books usually repeat on many subjects, so there is no difference between reading 4 or 10 books.
When you get some background you are good to go- start a small trading account and trade for real in order to feel the risk. Work on your trading approach, and never try to mimic it from some one else.
Then it is all a matter of persistence, keep training, keep trading, learn from your mistakes.
In summary, in order to be a successful trader you don't any course, nor any mentor. It might help you, but if you don't find one don't give up. Learn trading by yourself.
One of the finest things in trading is the freedom that you give to yourself. While trading for a living you have no schedules, no bosses, etc... While learning how to trade there is freedom too- you have to teachers, no exams, no marks.
Everything depends on you and nobody else

Good luck!

 

[RussianBear1]

You could look at the James16 thread on forexfactory.com and read the free stuff. At least that way you won't lose 3 or 4k to the various chancers that are selling courses.

+1

I'd suggest to use a demo account and start keeping record on your trades. Of course, use stops all the time. You just a couple of hundred quids.