what about on line trading academy,the class coast $5000 ?
Answers
904 points
jillybeansisme answered 4 months ago …
I would NEVER suggest you spend this kind of money when you can learn for FREE. Just look at Tickerhound's free lessons for a start. Then go to any brokerage company for investment tools and learning about different types of investments. Also look at stockgumshoe.com. You might want to consider googling "online trading" and see what else is available. Believe me when I say you can even learn at your local college for much less. Then you can use the remaining money to fund your investment account.
TRASH that idea of spending $5,000.
989 points
rvilmur answered 4 months ago …
Companies with $5000 training courses rarely can train you well enough to make that money back. As jillybeansisme has said, investigate the free or nearly free sources first. When you understand the markets from the free stuff, the real problem is stock and or option selection. Not many investing vehicle services can stand the test of time and no matter how good their past records look, the real test is future performance and most, in my experience, fail here.
In the end you need to develop your own investment system, something that fits your personality, emotional stability, and assets to invest. You need to select an investment time frame such as day trader (not recommended), swing trader (maybe after some experience) or position trader (easiest to start with).
The bottom line is that anyone who says, "give me so much money for training or investment selection and I will make you rich" is probably a poor trader themselves and they make their money from selling questionable advice. With that said, the Tycoon Research people are better than most and they supply a lot of good free advice through the Tycoon Report and Tickerhound as well as expensive services that are better than much of what is out there. If you want to spend some money look at the Tycoon Research courses.
368 points
ads answered 4 months ago …
As stated by jillybeansisme and rvilmur, there is a wealth of free information regarding trading securities, some of it good and some of it not so good. But the likleyhood that anyplace that charges you $5,000 is going to provide a better education than what you can get simply by doing your own reading and researching is pretty slim in my opinion. I had taught myself back in the late 1970's and early 1980's what to watch for and what to look at to evaluate investments, back before online investing and information made things even easier to get a hold of info, and now with the wealth of information that is available for free or close to free. Personally I use only freely available information (other than a few additiional services through my online broker). Use the SEC's EDGAR site to look at financial reports and such and keep in mind that you have to take what you read or hear in the media with a grain of salt as not all of that info is accurate or reliable. The key is to learn to do your own research, and the first place to start as jillybeansisme suggested is to read info about how to invest and what kind of research to do for yourself, and as rvilmur suggested develop an investment style/plan that fits your personality and your emotional stability (as discipline is often key and most people let their emotions get the better of them and as such get their timing wrong), as well as your available assets.
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2082 points
alanj answered 4 months ago …
Any company that charges $5000 for a trading course is not making their money trading, they're making their money selling a very expensive overpriced course. Here a link to Tycoonreport, one of the best free sources you'll find. I'd sign up for their free email newsletter also. http://tycoonreport.tycoonresearch.com/
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