Investing courses/training

[Deleted User]

Has anyone used any of the courses or training available on investing better? I’ve heard good things about the Million dollar traders course (from the TV show of the same name). Any reviews? 

jimjames

I definitely wouldn't pay for training. The mere mention of "traders" puts me off immediately anyway. Most people on here that are investing are not trading, there is a big difference. There are plenty of free resources for investing but trading seems more likely to bring up those trying to sell you courses.

[Deleted User]

Yes that course is for trading not investing. I should’ve been more clear. Thanks. 

[Deleted User]

As I am new here, I am unable to edit I think. The thread should be titled ‘trading courses. 

Sorcerer2018

I make it my goal in life, never to pay for trading advice, never have, never will. I am have done fine by "investing" without the need to pay other people. I would suggest maybe learn the basics of trading, setup a demo account, and see who much money you lose trading. If you still want to do it after that, open a "small" trading account say with £1000, and see how fast it takes to get to £0, it won't take long, or give that money to some "expert" and he will turn your £1000 into £0 even faster. the best traders earn millions a year and they have no interest in teaching anybody anything they know.

[Deleted User]

Thanks. I have some experience of trading over the past several years already but wanted to take it further so thinking of investing in a course. I understand paying for course and trading is not for everyone but it is certainly for some  

[Deleted User]

Sorcerer2018 said:

I make it my goal in life, never to pay for trading advice, never have, never will. I am have done fine by "investing" without the need to pay other people. I would suggest maybe learn the basics of trading, setup a demo account, and see who much money you lose trading. If you still want to do it after that, open a "small" trading account say with £1000, and see how fast it takes to get to £0, it won't take long, or give that money to some "expert" and he will turn your £1000 into £0 even faster. the best traders earn millions a year and they have no interest in teaching anybody anything they know.

The course I refer to has been set by Lex van Dam from the tv series Million Dollar Traders. And yes he does earn millions and yet has a course 

chockydavid1983

If you really want to trade, I think time would be much better spent researching the companies you're interesting in buying. You'd
save on the course costs and hopefully get better performance.

bowlhead99

Drizzle90 said:
The course I refer to has been set by Lex van Dam from the tv series Million Dollar Traders. And yes he does earn millions and yet has a course 

Usually what we find on here with trading courses, just like crypto scams, binary options websites and other such get-rich-quick ideas that cost money and prey on people's greed, is that someone will come along to  this forum  and register a new user account to 'innocently enquire' about a course they have heard of, and then some other new user will create an account to give it a thorough endorsement or some 'what have you got to lose, this looks legit'... while everyone else points out it's a car crash waiting to happen and suspects the two posters of being shills for the company selling the course (or earning referral fees etc).

Really, hedge fund managers (if they are any good) will still be running hedge funds (making high returns from fees earned through managing other people's money, and investing their own money at the same time) rather than trying to sell $5000 trading courses to the gullible.  Being on a trading TV show a decade ago doesn't really make them any more credible. 

The best way to learn to trade is to get a job working for a large financial institution - they will train you. To try and pick it up as a hobby devoting adequate time to it to figure out how it all works, would require a great deal of time during the trading day - and a large amount of capital so that you can figure out the money management side of it to avoid risk of ruin, just like a professional card player. The vast majority who try it will fail at it because they are competing with billions of dollars of money in the market being invested by smarter people with better information and more money behind them for if/ when it goes wrong.  While the newbies will 'win' a few trades through luck or good fortune or generally from markets going up over time while they hold a position overnight, they will lose a lot too, and most get wiped out. 

For that reason it's tempting to think that if only you bought this course you could go straight in at a higher rung in the knowledge ladder and skip the bit where you make mistakes and wipe out. 

Unfortunately the most likely outcome is that you will still lose at trading (as a massive percentage do) and also be out of pocket by the cost of the course and the amount of money lost during the 'training with real money' phase before eventually losing the rest of your money trading bigger positions after some initial false confidence.

Best to just keep away.

Alexland

Get rich slowly...

https://www.cii.co.uk/learning/qualifications/diploma-in-regulated-financial-planning-qualification

If you don't want to join and take the exams the slightly outdated books can be found cheap on ebay.

[Deleted User]

So the course is not a get rich quick scheme. The million dollar traders course was created by a fund manager but is not run by him a daily basis, but a separate company. At this point I think it is more just using his name as a brand. Either way, I am happy to spend a few £000k for good training. The question referred to whether anyone had any recommendations rather than asking if courses were any good.