Trading for a living is not just about learning trading strategies. To succeed as an independent trader, you need an array of skills beyond knowing when to enter and exit the market.
These skills are wide-ranging, covering topics like statistics and psychology. Fortunately, with the growing pool of online courses, you can learn these skills without spending a bomb.
With these ten highly rated Udemy courses, you can beef up your trading ability while developing skills that are marketable beyond your trading career.
The courses here are organized into these groups:
- Statistics & Data Analysis
- Personal Finance
Statistics & Data Analysis For Traders
Course #1: Data Analysis Excel for Beginners: Statistical Data Analysis
You will also want to learn Microsoft Excel as it is a versatile tool for performing simple analysis with your trading data.
For a complete beginner to both statistics and Excel, this course is perfect. It kills two birds with one stone by teaching basic statistics with Excel.
Course #2: Microsoft Excel – Excel from Beginner to Advanced
It covers macros and basic VBA to help you automate repetitive tasks.
For instance, you can use macros to turn your raw CSV exports from your broker into spiffy reports with a click. No more endless copying, pasting, inserting, and deleting.
Course #3: Microsoft Excel – Advanced Excel Formulas & Functions
While this course has a smaller scope than the one above, it has a section on tapping into real-time data with Excel. If you need to monitor real-time quotes or other metrics from a website, this function is a real time-saver.
With the advanced formulas you learn here, you can also embark on creating your trading journal with Excel.
Psychology For Traders
Course #4: Meditation for Beginners: How to Meditate Deeply & Quickly
If you’ve been trading with real money in amounts you care about, you must have experienced the emotional roaster coaster ride that comes along.
You would agree that to be a resilient trader, you must learn to control the impact of emotions like fear and greed on your trading activities.
And the first step is to become aware of these emotions and to be mindful of your mental state. This basic meditation course will introduce you to techniques for developing such mindfulness.
Course #5: Master Cognitive Biases and Improve Your Critical Thinking
Cognitive biases like anchoring and recency are obstacles to a trader’s success. These biases cause traders to evaluate their performance incorrectly.
To develop a long-term trading approach that works, you need to avoid succumbing to cognitive biases. While we can never rid ourselves of such prejudices completely, it pays to stay vigilant.
This course explains four main cognitive biases and introduces debiasing tactics you can apply to overcome them.
Course #6: The Power Of Focus: Boost Your Brain
However, it’s not easy to find resources that cover the topic of focus in a structured manner that is not overwhelming.
This short course by Brain Academy fits the bill. It explains the limits to your focus, the types of distractions, and the tactics to improve your concentration.
Course #7: The Core Four of Personal Finance
This course introduces you to the four core pillars of personal finance, giving you a comprehensive tutorial on how to manage your money.
While the high-level personal finance concepts apply to most people, specific considerations depend on your financial jurisdiction. Hence, United States residents will find this course more practical.
Course #8: The Complete Personal Finance Course: Save, Protect, Make More
As an introduction to personal finance, it might seem overwhelming at first. So it’s a good idea to zoom in on sections that are relevant to you.
But if you are serious about getting your personal finances in order, this course is definitely worth your time.
Computing For Traders
Course #9: Computers: Progress to Professional. How to master computers
Moreover, as a retail trader, you are probably your own IT department. Hence, it pays to learn the basics of maintaining your computer and optimizing its performance.
In this course, you can learn how to do so with an experienced professional computer technician.
Course #10: How To Build a Computer: A Beginner’s Guide
There are off-the-shelf trading computers available. So building your trading rig might seem a little too much for some, but I’ve seen more than a minority of traders attempting to do so.
If you want to trade with a computer you can trust, while picking up skills that will allow you to troubleshoot computer hardware, this is the course for you.
Do you know of other non-trading courses that will benefit traders?
Share them with us by leaving a comment!
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