A Beginning Trader’s Guide to Selecting a Trading Program


There are a lot of different day trader programs out there, and this is both a blessing and a curse? The blessing? You have a wide variety to choose from. The curse? You have a wide variety to choose from.

Let us explain. It’s always great when you have a variety of flavors to choose from so you have a selection that can be customized to your specific palate. At the same time, having so many options can be complicated and take up more time than necessary. Of all the trading programs out there, you want to know how to choose the best one – and the best one, in this case, is the one that works best for you.

The reason we point out “for you” is that no two individuals on earth are exactly alike, and thus no two learning styles are exactly alike. This means you have to find a trading program that works for you, and this is advice you need to transplant into all of your educational endeavors.

But let’s talk about more specific options available with trading programs and software. Here are three different criteria you’ll want to focus on:

  • Availability
  • Information and Skill Level
  • Accreditation

 

Availability

First off, consider your schedule. Have you wiped it clean in order to make trading your career, or is this something you want to learn on the weekends to make a little extra pocket cash? Availability speaks to both the time you have available to learn and the program itself – how long does it remain open so that you can use it?

This is especially important to consider when looking into one-on-one or conversational aspects of a program, if they exist. For instance, a program that requires weekly scheduled check-ins may not be good for someone working full-time with a fluctuating schedule.

 

Information and Skill Level

Next, examine where you are in your trading journey. Are you a fledgling trader (most likely) or an advanced trader looking to learn more in-depth pattern analysis and techniques? In short, not every trading training program exists to help the little guy out, and signing up for an advanced course when you barely know the first thing about day trading isn’t going to help you.

You should also look into the information provided by a course. Qualified courses should give you a breakdown of the information they cover. If you want a course that focuses on a certain aspect of the subject, like day vs. swing trading, that exists – you just have to find it.

 

Accreditation

You don’t necessarily have to find a program from Harvard or Yale, but you do need to look for a program that has some sort of clout behind it. Many scam programs exist out there, so it always pays to do your research.

It’s obvious you can trust the programs and information from Live Traders, but smart day trader trainees know they need a lot of information sources and tools to become a real professional. Always make sure to vet and look into a trading program before you provide any money or commit. Look for trading programs that come highly recommended from real people and who have awards or lots of great reviews.