Trader Training

The first step to becoming a profitable trader is finding good trader training that is customized to the way you learn. The fact that you're seeking more education shows that you understand the fact that trading can be learned and that you wish to receive more education. So, congratulations! Having coached and taught hundreds of traders, I've heard many trader stories from individuals who just jumped into the market without much education and they received their trader training the hard way...through the expensive school of hard knocks.


Trader Training - Free & Otherwise

There are many places you can receive your training. Some of the free sources: books, web sites (such as this one), google searches on specific topics, YouTube videos, webinars, etc. But one of the most overlooked areas of free education is your review of your own trades. When I was first learning how to trade, I spent hours looking at charts and reviewing my own trades. I have hundreds of pages of online documents in which I have done screen captures of online charts and then wrote about what I saw on those charts. As much as possible, I try to capture screen shots of what the chart looked like when I entered the trade so that I can go back and review those decisions. I ask questions such as "what could I have done better?" and "what did I do well?" I have found these reviews very helpful as I've grown as a trader and I highly recommend that process to you as well.  I have a form on this site that can help you with this.  Here's the link:  click here.

Here's a screen shot from my journal today:


I simply used the "snipping tool" on my computer and copied those images into a Word document.  Then I save it and review it at the end of the trading day.

Other sources of online education include the Chart School.  You can search their data base for articles on a variety of indicators and trading topics.


If you are looking for more education on swing trading stocks, then you can check our my Ichimoku Trend Trader program by clicking on:  trader training for swing trading.


Other sources of trader training will cost you money. Unfortunately, the quality of that education can vary a great deal and it isn't cheap. But, as I've said before, you cannot make as much money as a surgeon without paying for some education and putting in some time with the charts. I wouldn't want a beginner operating on me and I'm sure you wouldn't want that either. So, accept the fact that you are going to have to pay some money in order to learn how to make some money. Then do your due diligence and make the best choices you can with the money you have available.


I also have a membership site and education program for Forex traders.  You can find out more about that by clicking here.


Some of that education will come in the form of online classes. Some will be in the form of physical seminars. And some education will come via chat rooms. For example, Day Trading Pro (formerly Morning Hours Trading) is the chat room I've been leading since 2009. Beginners and experienced traders alike come into the chat room for long or short periods of time. And they learn a great deal about day trading stocks for the time they are in the chat room. Our chat room, as well as many others, will offer you a short term trial so you can test the room and see if it's a good fit for you. This allows you to test various rooms and find the one that works best for you.

I hope this short discussion about trader training has been helpful for you.