A debate which is popular among the stock trading circles is the requirement of a trading course to become a professional trader. Many argue that trading is only 10 to 15 percent theory and the rest is hard work and analysis. Also, many prominent stock traders did not undertake any trading course and learned the tricks and trades of the stock market by experience. So does this mean that all the fancy trading courses are useless? The answer is no.
Let me break down my answer on why I support the notion that trading courses are essential to become a professional trader. While it is true that trading on the stock market in only 10 to 15 percent theory, the rest of the 85 to 90 percent of the trading is the proper application of these theories in real life situations.
Stock trading courses not only teach students theory but also how to apply these theories in trading. For instance, most prominent stock trading courses involve the students making dummy trades or working on stock market simulators. While these trades might not require any money, trading decisions are based on theoretical concepts taught during the course. These dummy trades and working on stock market simulators can help students understand the functioning of the stock market and enable them to make profitable trades from day one. As a result, it might not be a bad idea to explore trading courses if you wish to become a professional trader.
What about the stock market gurus who have made a mark on the stock exchange and have never enrolled for a trading course? To answer this, let’s explore their history in the world of stock trading. Almost every market guru started from the bottom, interning or running errands for some stockbroker. They learned the tricks and trades of stock market trading and gradually became the stock market and trading gurus they are today.
Also, these stock market and trading gurus have learned from experience, which implies they have lost money at the beginning of their professional trading career. However, they used this loss as a learning experience and developed new and better strategies to make more money. Most of the trading courses also teach the trading tricks and techniques designed and used by many trading experts and stock market gurus.
Most trading courses involve teaching students the basics of the stock market and trading, how to analyze and interpret charts, theoretical concepts, and models regarding stock market trading and much more. While many might argue these courses are a mere theory course, trading on the stock market is the application of this theory. Also, dummy trades and stock market simulators give students a real-world feel of stock trading, allowing them to learn from their mistakes which does not result in the loss of actual money.
To conclude, knowledge is the most potent weapon of a stock market trader and these trading courses do nothing but equip future traders with the expertise required to become a professional trader. It is definitely worth exploring trading courses in case you wish to become a professional trader.