In order to achieve success on the financial markets we strongly recommend attending online trading courses and, more generally, to have an adequate financial education. In this section you will find articles that might be right for you.
In this section dedicated to the “Trading course” for beginners and not, you will find a series of useful information to learn how to trade online, completely free. Whether you are a novice trader or a professional trader you may also find it useful to visit our section dedicated to the Trading Academy.
The contents are accessible to all traders and have been written in such a way to be understandable even to those who have never traded online before, thus guiding them step by step along this path.
Welcome to the trading course for beginners of Meteofinanza.com.
The purpose of this trading course is to inform the trader, sharing with him all the secrets of online trading to give him a starting point on future investments to be made and precautions to be implemented, thanks also to the opinions and comments of various nature that are important tips for all those who want to undertake and operate successfully in the world of investments and online trading. Let’s talk about Forex online course.
Trading course: what is it?
Anyone who wants to approach a new subject knows well that the first step is to study it. Learning to trade online takes time, both to find the right resources to study, and then to apply the concepts studied through practice. That’s why, in our case, taking a trading course can help.
Many prefer to study online trading as a “self-taught”, using the resources found online in the form of posts, guides, videos, podcasts, often available on financial portals such as ours, or on Youtube channels dedicated to the world of online trading.
Others, however, do not stop there, and also aim to buy some books on online trading, to increase the thickness of their training. All right moves, especially if they are accompanied by the practice through a demo account (which uses a virtual balance to operate).
And finally, there are also those interested in online trading courses. After all, there is now a course to learn all kinds of subjects or skills, so there are also (many) courses on online trading.
But what exactly is a trading course? An online trading course is used to learn various notions related to online trading, from the foundations to advanced techniques. In fact, courses are usually classified by “level” of experience, and therefore there are courses for beginners and courses for experts.
The cost of a trading course depends on various factors, such as who the speakers and teachers are, or to the number of lessons included in the course. Often books, PDF files and related materials are already provided once you attend the course.
You also have to remember that there are two categories of online trading courses:
- “Onsite” trading courses
- “Online” trading courses
The first type of course on trading is the classic one: like any university course, you go to a class in the building of the company that manages the courses, you register, and you have to attend lessons (where you will alternate theory with practice).
The second is that of trading courses held entirely online. These courses are managed and followed by computer: there is therefore no need to go to a real class, since they will be “virtual classes”, through videoconferencing services to attend and participate to lessons remotely (still receiving all the material to be studied via email and access to a reserved area on the website of the company that manages it).
Interactive videos are also called webinars, which stands for “web seminars”.
A broker that offers webinars and a blog with interesting posts on trading is eToro, the leader in social trading that has convinced more than 10 million people worldwide.
What is a trading course for?
A trading course can therefore be useful both to novice and experienced traders. The purpose of a course is mainly to learn new notions about online trading, to understand the logic behind price movements, as well as to learn new trading strategies.
Obviously the courses are always differentiated according to the level of experience of the class, as well as the topics to be covered. More experienced traders will be able to study more advanced topics than the basic ones necessary for traders with little experience on their shoulders.
An online trading course is certainly a big advantage for all types of traders: the important thing is to find a course suitable for your skills, and to ensure the quality of the “teachers” and speakers.
Compared to the simple “self-taught” study, a course on online trading certainly gives important advantages, including:
- Possibility to receive tailored lessons.
- Possibility to clarify any doubt and make questions in real time.
- Having a qualified teacher or tutor always by your side.
- Possibility to deepen the topics by following a clear and well planned path.
- Study material provided according to your needs.
- Possibility to practice immediately what you have learned.
Basically, an online trading course is an “extra” that can give you a big hand mainly in two cases: if you start from scratch, but you don’t have the time to research all the single topics to study, or if you already have experience but you want to strengthen yourself on some particular topic.
But remember that an online trading course is still a commitment: the cost of a course can vary a lot, but it is still an expense, and it is never a good thing to throw money in the wind (if you know that for other commitments, maybe you won’t be able to participate in the various lessons).
How to choose an online trading course
As we have already anticipated in the previous paragraphs, when choosing an online trading course you must always look at the references of the teachers and speakers first.
Also because in this way you may avoid running into a potential “scam”, even if in the field of online trading courses the scams are a bit more refined. Maybe there may be teachers who pretend to be “online trading gurus“, or claim of having “incredible” technical knowledge.
Avoid anyone who seems to you at first glance to be a “fake”. With such a teacher you will never be able to establish a good study relationship, and you will simply find yourself wasting your money.
If you are looking for the best online trading course for your needs, always try to evaluate the following aspects:
- How many hours / lessons the course lasts compared to the money paid;
- Check the references and experiences of the teachers / speakers, not only on the website of their course company, but also via the internet;
- Look for reviews regarding the online trading course you plan to attend
- Find out which topics will be specifically covered
- Find out about the venue and where you will need to go to attend the lessons
What is online trading?
Online trading is defined as a new financial system that takes advantage of the internet and allows users to invest via the internet to make money by buying and selling financial assets. It is possible to invest in the stock exchange, making the purchase and sale of financial instruments while staying comfortably at home. So it breaks the borders of distance, and in this way it allows you to invest with financial instruments available on all European and world stock exchanges.
How online trading works
Online trading allows all traders to make investments online, that is, to buy and sell different financial instruments such as:
- European and world stocks;
- government stocks;
- currencies (Forex), etc.
Online trading is entirely online, that is, it leverages the internet to allow the trader to invest, not only with a reduction in the commission costs charged to the trader, but also by taking advantage of the performance of the stocks and the study of sector charts, so you can have a better chance of investing in safety.
In many cases, you can trade online through online trading platforms.
It is very important in these cases, to choose only regulated online trading platforms to avoid running into scams and which forces you to lose all your capital. We would like to point out that online trading is a high risk activity.
Trader course: choosing the online trading platform
The right choice of the online broker changes according to the trader’s trading style and the type of needs he identifies. In addition to the classic brokers, the trader can also choose to trade with his bank, as these financial institutions offer a trading service with all the advantages not only of the bank account or online deposit, but also because they offer bank trading. Furthermore it is good to choose the broker also on the basis of what you want to trade, if you want to invest in Forex trading or on other assets such as commodities, or even trading with CFDs and with ETFs.
In this case, the choice of the broker specialized in foreign exchange trading or on particular instruments known as CFD (Contracts for difference) is very important. Our advice is not to choose brokers only on the basis of the demo account, but also to evaluate the characteristics of the broker, the spread, commissions, etc.
Online Trading Course: the demo account
Today many brokers offer all traders the opportunity to trade with a demo account, very useful not only to test the chosen strategy but also to test the chosen online trading platform.
The demo account is therefore useful not only to start and practice, but also to make free trading from home, with limited or zero capital. The demo account, in fact, has virtual capital and therefore traders do not gain and lose anything.
Another very important aspect of online trading with the demo account is the ability to trade by learning to use leverage, or to familiarize yourself with the trading tool that allows traders to operate by investing a reduced capital and buying a quantity that otherwise they could not afford. This tool is very risky, as leverage also acts on losses.
Trading course: online trading strategies
Online courses for everyone
There is no specific type of online trading, i.e. there is no unique guide, or an official tutorial on online trading, but it is divided into various types of large and small investments, and there are different online trading strategies based also on the time frames when the operations take place. For this reason, we can distinguish different online trading strategies:
- Scalping trading: through this technique, the traders open and close transactions, certain positions on shares or other assets, in a very short period of time of just a few minutes;
- Daily trading: it identifies all trading operations that are closed in a maximum time frame of 24 hours;
- Open trader: it represents all the transactions that fall within the stock market for a random period of time.
Today investing in online trading also means investing in the stock market directly from home, both long-term and short-term. In order to operate in these markets, however, it is always necessary to have a solid foundation, a training that makes you understand how and where to invest, so as not to lose all your capital in one operation. Here is the purpose of this guide!
To operate in online trading, to operate in order to speculate, assumes a good knowledge of financial markets, instruments and technical analysis. As you can see below, in order to do online trading, invest on the stock exchange, or simply do Forex trading, you must have knowledge of the market and you can’t improvise. We also specify that at the moment there is no magic method, no secret and no strategy that allows to obtain stratospheric gains, indeed it’s quite the opposite!
The trading signals are also very important.
The analyzes record trading signals, they do nothing but try to predict the direction that the market will take, based on the data and the study of historical graphs. Being based on historical data, they do not guarantee maximum performance, as the market may undergo sudden changes of direction that the trading signal cannot take into account.
Before taking this route, one of the many tips we want to give you is to consider online trading as an investment tool and not as a game of chance. We can’t confuse them!
In online trading, the main element are the trading strategies and not chance or luck, even if it always plays one of the fundamental roles. The success of online trading is based on market knowledge, constancy, and the ability to analyze the signals and information that are sent to us daily and with which we are always in contact.
You don’t even have to think about getting rich in the short term, or as many want you to believe, in just over a week. You must always keep your feet on the ground and understand when a stock in your portfolio has lost several percentage points, when it is appropriate to sell or when it is appropriate to buy. Consequently, you must not be stubborn and think that you can always win, but on the contrary, you must also know how to lose and start from the assumption that not all our trades can always be positive.
Therefore dividing your portfolio to invest in several markets at the same time, dividing your own capital at your disposal, turns out to be the strategy that best suits all traders and, in case of bad trades, these can be compensated by trades closed positively. This is a very important point and one that must always be kept in mind.
Trading course and psychology in online trading
When you do online trading, you must also consider the psychological factor, very important for all traders. In fact, this acts on the trader as a pillar of the trading activity, strictly because the trader must also know how to manage real losses, which do not occur in the demo account.
The trading strategy that the trader has to adopt must also be based on the psychological factor, as the trader must study not only the techniques of the market, but also based on his own methodology and, therefore, on the basis of behaviour and effective rules.
By this we mean that, when a trader invests, he must keep in mind all the objectives he sets and must respect them categorically. So if a limit has been imposed, it must be respected. Consequently, it must also be realistic and stay with his feet on the ground, so he cannot claim to get rich in a few days as some brokers want you to believe by cheating you. In this case, the trader can set himself a realistic goal of gain and, therefore, buy and sell the securities held when the goals he established are achieved.
It is therefore necessary to impose limits on profit and loss. In this case, when you reach the assumed levels without hoping to improve further, it is good to stop. In the same way, giving yourself a maximum of losses that you can suffer during daily and monthly trading is very important for all traders, that is to stop and not risk further or mediate downward, or to buy other securities at lower prices in order to reduce the average loading price, but we recommend closing the transaction in a real and synthetic way.
In short, the trader’s psychology must answer for some very important factors; the trader must:
- accept the losses because in online trading they are always there and they cannot be eliminated, at best they can be reduced;
- respect the rules he has set;
- manage the fear of the failure;
- manage the excessive enthusiasm;
- avoid the conviction that he is always right;
- avoid insisting on an operation that continues to close negatively, with the belief that it can improve;
- never risk more than he can afford to lose in a single operation.