There’s an age-old debate taking place right now as to whether or not an individual who is interested in learning how to day-trade should learn how through an online trading course (or just learn via trial and error).
Believe it or not, there are a lot of people who believe that you are better off to simply spend most of your time actually digging in and trading live and in the market despite your current level of knowledge or experience. As someone who has actually gone that route in the beginning, I can say this is the fastest way to losing money. Why start at the bottom when you can stand on the shoulders of giants and avoid the mistakes that other traders experienced who came before you? Traders who do their homework, get the proper foundation and fundamentals down via an online trading tutorial or online trading course will be find themselves in a much better position than those who try to risk it on their own.
Now, don’t get me wrong, there comes a point where you just have to put down the reading material and chart anlaysis and actually jump in and take your first live trades (experiencing drawdowns will teach you things you never knew about yourself!). Not only will you be exposed to the real emotions that a person feels when having to make a decision as to whether or not to buy or sell a stock, but you will also have the chance to test your discipline when you see your 2nd and even 3rd losing trade in a row.
But before that point, I encourage you to really do the legwork and practice on paper, practice in a ‘sim’ account and then start slowly. Otherwise, you risk major capital loss – jumping in prematurely before you really know what you’re doing and before you truly test and trust your system is the fastest way to account blow-out. After all, would you ever seriously considered jumping out of a plane without first and least watching a few training videos about how skydiving works? Likewise, it makes sense to give yourself as much information about online trading before you actually start doing it and risking your hard-earned capital.
Lastly, if you’re interested in how to learn online trading, we offer a wide range of online trading educational courses that combine custom programmed software, comprehensive video training and support by real traders that started out just like you. I encourage you to check them out when you have a moment – and even if you do not choose a NetPicks online trading course, please do as much research as you can before you make that first live trade (and save yourself the headache of blowing all your account capital in a single day!).