In the midst of discussions with my friends about the stock market, I have often been asked this question by my friends "So what are the good stock market course or courses to attend for me to begin to learn how to invest? What is the stock market training like?" This is the topic I will like to touch on today.
Please take note that I will not be making any particular recommendations on any stock market course or courses or stock market training programs in this post. There are thousands of courses out there and I believe that some are actually pretty good, although most of them are crap. Instead, I'll touch what are the essential characteristics of a good stock market course, good market courses or stock market training programs that when put together, is comprehensive and touches all bases. In this way, you will be able to analyse what the different stock market courses or stock market training programs have to offer and make the best decision.
The characteristics are as follows:
The Ideal stock market course/ stock market courses / stock market training programs #1
The course should start from basics. There should be some time taken to allow the trainees to be familiarized with the fundamental knowledge that is required for the rest of the course so that they will not be confused or left behind when the important segments are introduced to them.
The Ideal stock market course/ stock market courses / stock market training programs #2
The course should offer educational material that is simple to read and understand and the trainer should seek to explain in the clearest and simplest way he/she can. Most of the people that attend the courses will not have rocket science degrees and are everyday joes and janes. As in any type of educational courses, the key is to make the concepts to be learnt as simple as possible so that everyone can understand what is being taught. What is the point of attending courses that you don't understand as it is too difficult? In that case, it will be a complete waste of money.
The Ideal stock market course/ stock market courses / stock market training programs #3
The course should recommend some type of practical system to allow you to invest or trade. While having knowledge is good, you will still not be able to enter the stock market to invest or to trade without a system (Remember my previous post about Stock Market Basics 101) Having a good system to buy or sell stocks is the key to make money in the stock market. However, having said that it is not easy to determine whether the system is practical or not... the best way is to get the trainer to apply it on previous and the current stock market scenarios and see how it will do. Also, do take note that if the same system is used by too many people it will probably not work as well. You might have to tweak it a little here and there to optimize it's performance.
The Ideal stock market course/ stock market courses / stock market training programs #4
The course should offer some psychological barriers that people often possess which get into their way of making money in the stock market. Emotions like fear and greed often rule the market and this should be introduced to the trainees so that they are consciously aware of it. Another example will be that investors and traders should be emotionless when they are in the stock market. No stocks should be seen as favorite pets or kept out of sentimental value. The only good stocks are stocks that are making money for you.
The Ideal stock market course/ stock market courses / stock market training programs #5
The course should include some practical work where the trainees are expected to apply what they have learnt. A good example will be to source for potential stocks to buy from the current stock market. Investment/Trading games are even better! I remembered that in one of the courses that I attended, I played a investment game where all the trainees pitched in about $200 each as part of the Grand Reward to be divided among the top 10 players with the highest net worth at the end of ten rounds. It was a fantastic as well as enriching experience as it kept me excited throughout and I actually felt the emotions that affect all traders/investors as they pull the trigger. It was made more intense as I could hear, see and feel the rest of the trainees buying, selling and trading stuff and I could feel my hands trembling. Fear and Greed ruled us as a crowd at different times and up till now, I am still appreciative of the things I learnt from the game (By the way, I was the champion and won close to about $4000 ;))
That's it for today, more from me next time. I hope by now you have a much better idea of what to look out for in a stock market course, stock market courses or stock market training programs. :)
Tags: stock market, investing, trading, make money, stocks, finance, wealth building, stock market basics, stock market course
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