The stock market is recovering steadily from the ongoing pandemic, with most traders hoping for a full recovery in the coming year. The Dow Jones, for instance, has almost reclaimed its massive beginning of the year losses, which drove Wall Street to one of the most catastrophic collapses of the century.
Stocks have since been on a winning streak, drawing massive traders to trading. The high volatility in the markets can intimidate most traders that do not have actual trading experience. They need more information on trading aspects such as risk exposure levels and the mastery of trading psychology.
Fortunately, there are excellent online trading courses for any trader that wishes to gain more knowledge on investing. Below are five trading courses that you can access and learn the fundamentals of online trading.
1. Financial Markets by Yale
Financial Markets is a four-week dive into financial leadership, risk management, and the advancement of entrepreneurship. The course by economist Prof. Robert Shiller, also a Nobel Prize laureate, analyses the best trading practices of the day, and emerging trends.
The Yale University, Sterling Professor of Economics, will take you through the concept of behavioural finance. This theory will give any beginner trader an understanding of the influence of psychology on investment and financial decisions.
It will empower the new online trader to understand that more often than not, traders make biased irrational decisions, which increases their risk exposure.
2. Investing 101: Stock Market Course for Beginners
This is the perfect course for the online trading novice. Stock Market 101 offers this course to bring any trader that does not have any investing experience up to speed. It offers futures, bonds, stocks, mutual funds, and options simulation trades for a risk-free learning experience.
Investing 101 will increase any stock trader’s trading aptitude through its robust virtual trading engine. The course creators’ focus is on practice. It is a 10-chapter course, nine lessons long. Every course has surplus materials and resources for a deeper dive.
Some hot topics that the course contains include how to build a $100,000 practice portfolio and the secrets behind stock market movements. This course is free to all learners during the COVID-19 period.
3. Trading Strategies in Emerging Markets Specialization by ISB
This course by the Indian School of Business (ISB) has a specific focus on the development of trading strategies, a must-have skill for any successful trader. The world-class school of business with campuses in Hyderabad and Mohali is AMBA, AACSB and EQUIS accredited.
The ISB course will direct learners with its eight rigorous pre-designed trading strategies built through extensive academic research. At the end of the course, any trader will have the knowledge, confidence, and capacity to build, backtest, and scale their trading strategies.
4. Options Trading for Rookies
The Options Trading for Rookies by Karl Zurn and Sharper Trades is one of the most popular courses on Udemy and with good reason. Options trading is a very intimidating notion for most online traders. Its terminology, such as puts and calls, will confuse most traders.
That said, an in-depth understanding of the lingo could make the difference between successful and low-profit trading. Some topics that this course covers include the foundations of options trading and how to trade puts and calls effectively. Learners will also have an in-depth understanding of trading options rules and the basics of trading verticals.
5. Investing Master Class by Wealthsimple
Wealthsimple is an investment management platform that caters to online traders. Their Investing Master Class is a ten-topic discourse that covers stock market trading in a jargon-free atmosphere. The class has ten short and exciting videos that have trading nuggets for any level of trader.
Every lesson is 45 minutes covering topics such as the workings of the bourse and different investing philosophies. It will guide the new trader through the minefield of automating trading and passive investing. This course also has a focus on socially responsible investments.