Many traders believe that, for those who wish to acquire or enhance their
knowledge of day commodity trading skills, the best educational option is to
attend a day trading course at an on-location site run by a reputable day
trading firm. However, for many aspiring day traders, this option may not be
feasible for a number of reasons. Another option is to take a day trading course
in a "virtual classroom," by signing up at one of several online sites that
offer such courses. Before signing up for an online course, make sure that it
covers the most important day trading topic areas. At a minimum, a course should
cover the following subject areas:
Trading terminologies that find and identify suitable stocks for day trading.
Other topics should cover how to use trading software, the types of orders for
trade execution, common trading mistakes and how to avoid them, Information
should also show you how to interpret Nasdaq Level II screens, risk management
strategies, technical chart analysis, the role of market makers and direct
access trading, etc.
The following provides brief descriptions of four popular sites that offer
online day trading courses or seminars: Daytrading University offers an online
course aimed at those wishing to develop skills in day trading of Nasdaq stocks.
The course content is organized into eight modules, each having over 15 separate
lessons. The lessons include chart screen shots, other illustrations and offer a
number of day trading tips and techniques.
Pristine.com offers a series of online seminars on various day trading
techniques and strategies presented by way of streaming video and dynamic slide
presentations. Online attendees have the ability to see and hear instructors
teach each lesson.
