Markets evolve, and trading is challenging. To keep pace as a trader, you need to keep an open mind and keep learning. As an individual trader, you are not part of a huge company that sends you to expensive seminars. Real classroom learning opportunities are lacking.
Fortunately, you can now access quality online learning resources for free or at a reasonable cost. As a trader, you can use them to enhance your trading knowledge.
Don’t waste your time trawling online. Take a look at our list of recommended courses for traders from various platforms.
Edx offers free access to a large variety of courses from leading universities. MIT and Harvard are behind this fantastic initiative. Hence, you can be assured that the listed courses are of top quality.
You can take all courses for free. You can also opt to pay a small amount to get an official and verified certificate.
1. Personal Finance Planning
Your trading account is not your entire net worth. In fact, you need to design your trading account as part of your life-long finance plan.
You need to consider your investments, credit, insurance, and savings in your financial plan. This course from Purdue University teaches you exactly how.
2. Making Sense of News
This course teaches you to be a more discerning news reader. In this age of financial news bombardment, many traders will find this course useful.
If you consider financial news in your trading, this course is definitely helpful. For those addicted to CNBC, this course is a must.
3. Introduction to Psychology
Psychology and trading cannot be separated. Your mind colors every piece of market information and trading decision.
To control your emotions while trading, you must understand your mind through psychology. To design winning trading strategies that exploit irrational behavior, understand the market’s psychology.
This course is a great introduction to psychology. After this, you can move on to topics like cognitive biases and behavioral finance.
Coursera is like edX and offers free access to tertiary level education. If you want to get a Course Certificate, you need to pay a small amount.
Its network of partner universities includes top universities from all over the world.
*I receive a commission if you sign up through the Coursera or Udemy links in this article. Refer to our affiliate disclaimer for details.
4. Introduction to Neuroeconomics: how the brain makes decisions
This course drills down the struggle between rationality and emotions plaguing our decisions. With a blend of neuroscience, psychology, and economics, it examines how we make decisions. I’m sure you will find many parallels to how you make your trading decisions.
If you find this topic intriguing, you have to read Thinking, Fast and Slow by Daniel Kahneman.
5. Financial Evaluation and Strategy: Investments
This course from the University of Illinois at Urbana-Champaign covers basic investment concepts. Examples include risk and return, portfolio optimisation and security pricing.
This course is more suited for value traders interested in fundamentals. However, it offers a solid introduction to essential financial concepts.
For instance, the concept of market efficiency gives a real view of how difficult trading is. It is challenging to make money from the markets, even for professional money managers.
6. Basic Statistics
As a trader, at some point, you will need to evaluate your trading performance. You will calculate your profit per trade, win rate, and the distribution of your trades. You need to understand what these statistics mean.
Having a basic statistical knowledge will ground your expectations of your future trading performance. This course from the University of Amsterdam covers the basic statistics you should know.
Udemy is a friendly marketplace for video courses. It sports a beautiful interface and has expanded to include over 32,000 courses.
You need to pay for the courses, so select carefully.
Before signing up for any course, look at the full course syllabus and the reviews of other learners. Preview of selected lessons is also available.
7. Black Algo Trading: Build Your Trading Robot
Want to learn algo trading from scratch? Do it with this well-reviewed course.
It teaches you how to build your trading robot using MQL4, the language for MetaTrader. If you want to build robots for the forex market, this is the course for you.
8. Forex Trading for Beginners
This course does not teach you any trade secrets. Instead, it covers forex trading in a comprehensive and organized way.
This popular offering teaches essential forex trading skills. You will learn how to analyze the market and how to read the forex calendar. You will also learn how to use the most popular forex platform, MetaTrader.
9. Stock Trading Ninja
This course is impressive because of its practical approach. It shows you what you really need to do to find stock trading setups.
It shows you how to backtest your trading ideas, set up a market scanner, and do your analysis. There is support for Thinkorswim (TOS), TC2000 and eSignal (with more platforms coming).
10. Python for Financial Analysis and Algorithmic Trading
Are you a programmer looking to learn more about algorithmic trading?
If so, this course is for you.
It teaches the essential financial concepts you need to analyze financial data.
11. Learn to Trade for Profit: Trading with Japanese Candlesticks
This basic course contains an organized introduction to Japanese candlesticks.
If you like learning with videos and appreciate a hands-on approach, consider taking this course.
12. Trade With Technical Analysis, With Stock Trading Strategies
This beginner-level course covers the core concepts of technical analysis and price patterns.
It has a unique bonus section that covers geometric trading methods like the Median Line strategy.
More For the Curious Trader
Want to further expand your perspectives and skill-set? For the curious trader who wants to keep learning, check out the resources below.
Intrigue your mind.
13. World’s Financial Crises from Highbrow
Highbrow wants to plug the knowledge gap between the media and our textbooks. It does so through a series of emails with new and interesting knowledge.
14. Spreadsheet Skills from Lynda
Lynda is the online education arm of Linkedin. It is not free, but definitely worth it if you want to brush up on a range of workplace skills. Check out their 10-day free trial.
Most traders need to keep records and crunch performance numbers. Excel spreadsheet software is a common and powerful tool for that.
15. Economic Bubbles from TEDEd
This is why you should check out TEDEd as well. It allows users to build lessons around a video (TED or otherwise). You can find Q&A, extra readings, and discussions built around a selected video. This platform seeks to enrich the learning value of a video.
16. Finance Courses from Khan Academy
Khan Academy is a beautiful and user-friendly online learning platform. It has an admirable mission – to provide a free, world-class education for anyone, anywhere.
Traders, especially those without a finance background, will find the finance courses from Khan Academy informative.
A Trader’s Life-Long Learning
The courses above are just a sample of what’s available. Explore the course directories regularly. Search for terms like “trading”, “risk”, “psychology”, “stocks”, “investing” in the learning websites listed above to uncover new courses.
Learning has an extra perk for traders. Many traders have a problem sitting still while waiting for the best setup. They tend to over-trade. A desire to learn will help you overcome this problem. Use your spare time to learn, not to look for trading setups that are not really there.