Top Trading Directory

How much should it cost to learn how to trade?, does it depend on whether you want to be a day trader, a swing trader or a position trader, that really is the $64K question, $500, $5K, $20K+, well a lot of people end up spending $20K+ and still never master the skills required to trade successfully.

The fact is that you do not have to spend a lot of money learning how to trade if you are prepared to:

• Search the internet for the vast array of free trading education

• Trade your time and effort in lieu of spending big bucks for high priced seminars, some of which may be effect, but the majority are just average to poor

• Be patient and take the time to learn the required background material, develop a trading plan and finally practice that plan using paper money

A lot of trading trainers and coach's don't encourage you to paper trade extensively because they say it's just not like the real thing, or that you will trade differently when you are using real money. That may be true but here are a couple of important points to think about:

• If you paper trade and can consistently make money - when you switch to real money there is a chance that you will make real profits

• If you paper trade and consistently lose money - when you switch to using real money you have absolutely NO chance of making money, in fact there is a very good chance that you will blow your account out!

So before you dive in and start trading with your hard earned cash make sure you have a track record of making money in your paper account.

We have collected some of the best free trading education resources and articles available on the internet, we are not endorsing these but feel that you could learn a lot from them. After spending a lot of time, say at least 6 months to 1 years studying the free trading education materials you should be in a position to then "cherry pick" and buy some inexpensive priced very specific courses on the trading strategy that you have decided is right for you, this maybe:

• Day trading the emini futures market

• Trading covered call on a monthly basis

• Doing the high probably Iron Condor trade using options

• Buying and selling stocks

• Trading Currencies (FOREX)

But whatever it is that you decide to focus on you will NOT need to spend thousands of dollars on the simple, basic trading education that you get from the majority of big seminar companies, I've tried a few so I know, these are a few big names that come to mind with my rating:

• Investools (3/10)

• Bettertrades (5/10)

• Optionetics (6/10)

• Star Trader (3/10)