Looking for finance course focusing on stock trading?

admin — Tue, 15 Sep 2009 03:15:00 +0000

Could anybody recommend an online or local (Utah) finance course with a focus on stock and options trading?

Sometimes a local high school (vocational) offers a basic investments or stock market course. There are a lot of books on the stock market. You can check on amazon.com or your local bookstore. The great thing about Amazon is that they have reviews that can be helpful at selecting the right book that matches your needs and skill level. My dad has been trading for years. It is not easy. He started out with buying stocks and mutual funds. He then went onto call options. Now he is doing more with options. (call and put)
I was Series 7/63 licensed (brokers license) and spent 5 years in investments. I received a lot of training in finance and investments. I also have a business degree. I recently took a graduate finance class. It is complex stuff. I see why they get paid the big bucks, these investment professionals.
So keep that in mind. It may take some time to absorb and understand. It’s not perfect.

If you think that you will learn everything you need to know to get started after one class then you might be mistaken unless you are really gifted, which you might be. I’m not. My dad isn’t. He’s read so many books on investing and the stock market over the years. He’s now in an exclusive investment club. He has a lot of friends that have been investors for decades now. He would tell you that he’s not an expert. There is a psychology to the market.

Warren Buffett is the best investor ever. I would read a book that he’s written if you want to make money.

Stocks are subject to high risk. You can make a lot of money but you can lose too. Options trading is even riskier and should only be done by experienced investors because you need a margin account. Not everyone can get a margin account. You need so much capital and again, experience.
You have to understand the risks involved.

I’m sorry if I seem condescending. I don’t mean to at all. I don’t know you and by your question, I can’t tell anything about you. How much experience do you have with investments? Do you have a 401K or IRA?

I don’t know of any online courses unless you go with a college course. Usually finance courses have prerequisites before you sign up. I took an Investments and Security Analysis class at Bentley College after I graduated from college. I took a Managerial finance course a few months ago in an MBA program. It was tough. I learned a lot about options when I was studying for the Series 7 and Foundations in Financial planning exam.

I’ve gone to financial seminars. I know what they are about.

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Stock Traders: How long did it take you to finally understand trading stock/options?

admin — Tue, 15 Sep 2009 03:14:59 +0000

I’m 17 and want to trade stocks/options for a living. I have gone to classes and kind of understood somethings but somethings were still confusing. How long did it take you to understand everything? I want to actually start real trading by the time i graduate which is June 2009.

That is actually a good question and the truth is no single investor understands everything there is to trading. Anyone who tells you otherwise is just full of it. Most of the really successful investors got there because they have become experts in a particular area of trading.

I have studied trading for over 12 years and been trading professionally for 8, but I always find room for improvement.

If you get into this profession, understand that it is a continuous learning process. Studying books and theories is a good place to start, but you will soon realize that when applied to the real market, things can be quite different. Anyone who has been trading for a while has learned that experience is a major factor in their trading success.

Unfortunetly, there is no real shortcut to gaining experience in the markets. It just takes time. You can, and I suggest finding a mentor who is successful at what he/she does and learn from them for a while. They can help you avoid many pit falls that new traders fall into.

If your still 17 when you graduate, you wont be able to trade though. Legally, you need to be 18 to trade, but that shouldnt stop you from learning as much as you can. Continue to build a strong foundation.

It will take time, but if you stick with it, it can be a very rewarding career.

Christian Nago
CEO & Chief Investment Officer

http://www.intrepidtradings.com

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Looking for finance course focusing on stock trading?

Stock Traders: How long did it take you to finally understand trading stock/options?