Day traders usually handle one of the following:
- Fiat currencies (forex)
Of all of these, the forex is the biggest marketplace for day trading. Rather than buying and holding on for a few days, weeks or more, day traders open and exit positions inside of the day. Sometimes, they’ll leave a position within hours, minutes, or even seconds of buying.
It’s safe to say that you’ve got to be on the ball. You’ve got to know exactly what you’re doing.
In this guide, we review the best day trading courses, to learn how.
School’s Back in Session: P.III: Top Day Trading Courses 📚
Considering a day trading course? Be prepared to work hard. The best day traders are the most practised. It often pays to invest more in yourself, than to cut corners.
Here are some of the best things day trading courses can teach you:
- Day trading involves high risk. The majority fail, some succeed 🗽.
- Positions don’t usually get held overnight. The day’s activities are the focus.
- Top day traders usually have the most practice and discipline ♞.
- Many factors affect outcomes: the person, funding, tactics, serendipity.
1. Udemy: Day Trading Selection – Review: Best Day Trading Courses for Beginners
Udemy is a globally-recognised platform that offers lots of various courses, including for day trading.
So for newbies choosing to ease themselves into day trading, Udemy provides lots of day trading courses for beginners that provide a great overview. Their affordable costs means that Udemy is a top choice for beginners seeking to find out if day trading is suitable to them.
For folks who are completely new to day trading, Udemy has a ‘4 Strategies that Will Make you a Professional Day Trader’ course as well as Stock Market from Scratch for Beginners. The latter costs around £80, comprising six sections and tons of on-demand video lectures of 7.5 hours total.
Once you’ve learned the basics, you can advance to something like The Complete Foundation Stock Trading Course, which costs about double this. It’s suitable for intermediates seeking a firmer awareness of how stock markets function, risk control, how to make positions, and learning about chart analysis.
After this, you can finally advance to the more practical elements of learning day trading, by going for the Complete Day Trading Course, which delves into the applications of technicals. The course teaches you how to understand performance indications using charts. For about £100, you’re offered over 10 hours of videos, with added resources, and access-for-life.
Each program is offered through prepared digital lectures by professional tutors who show day trading processes. However, the main disadvantage to Udemy's courses is that there aren't any practice opportunities for students.
2. Bear Bulls Traders – Review: Top Day Trading Course for Real Students
Cost: Around £75 monthly.
Bear Bull Traders provides a full curriculum for serious students, offering a bunch of trading tools, and a social group, you’ll also be mentored by a leading trading pro—given to you at a decent price, which makes this our top day trading course for real students.
The Bear Bull Trading program is aware that there are no shortcuts for beginners seeking to get a serious edge, or advanced traders looking to sharpen their blade to a bleeding point. Combine expert tuition and an interactive social community, and comprehensive educational resources, with one-on-one support—with a structured curriculum—and you have Bear Bull Traders.
World-leading day trading expert Andrew Aziz prepared this course a few years ago to offer students of every level the access to professionals in a social environment. The day trading course is based on the tactics employed and documented in Aziz's top-selling books. His course guides students through each step of the day trading mechanism and developing a strategy. It’s the only program we discovered that has actual clinical psychologists at hand to teach the stressful aspects of day trading.
Furthermore, there’s a large video library, the course also offers access to weekly webinars, downloadable materials, a live simulator, and a loved social community of active day traders. Traders are able to learn from each other in chat rooms. Members can also get to talk to mentors, Andrew Aziz himself too.
You can try out Bear Bull Traders over a 7-day trial that costs under £25. However, this trial only gives you chat rooms and beginner training. There are two memberships. The first costs £75 monthly and access to chat rooms with course essentials. The other is their Elite offering which is £150 monthly or £800 yearly. With this subscription, you also get the advanced program, access to psychologists, webinars, and mentors.
3. Warrior Trading – Review: Top Day Trading Course for Depth
Pricing: About £750 monthly.
Whether you’re completely new to day trading or a pro day trader looking to advance, Warrior Trading's program can take you there, which is why it wins as our best detailed day course service.
Warrior Trading gives you a pathway into mastering day trading even if you’re a beginner, by offering a structured learning curve that includes hands-on research materials according to your aims—getting you higher up that learning curve to the next stage.
More than 900,000 students comprise this active community. Warrior Trading has really earned a reputation in the day trading world. Overall, this is an on-demand video and versatile platform, at the core of this service is a structured curriculum of programs—and you can skip ahead through videos to webinars, chats, groups, and other ways to connect with traders, and simulations.
For just over £690 monthly, beginners can join the Warrior Starter course at a self-pace in a systemised environment. The program is composed of 15 key sections—but you’ll hop in-and-out of this and troubleshooter sections that include chat rooms for live day trading, and a day trading simulation offering that connects with the real-time market in order to let you get practical experience of what you learn. Keep in mind, there’s an extra fee for continued access to these extra areas, after the first month, at £150 monthly.
Which makes this course best-equipped to students new to day trading who want to really focus on understanding the basics of how things like the day training market, day trading accounts, analysis of indicators, and the psychology of day trading functions.
The Warrior Pro program includes everything that the standard package gives, but also offers an advanced curriculum that goes through advanced aspects that include swing trading, options trades, standard day trading, and crypto day trading. Students are allowed to access the chat rooms and simulators for no extra fee, as well as group-mentors through live sessions.
This three-month course costs £1,200 monthly for the first quarter of the year, then costs only £150 monthly thereafter.
Warrior Trading also gives you free trading guides to let you absorb their educational scope. Topics covered include risk managing day trades, choosing the right stocks, and basic principles for creating a day trading strategy that functions in the real marketplace.
4. Bullish Bears – Review: Top Day Trading Program for Social Bees
Cost: Starts from £75 monthly.
If you thrive best when you can ping-pong ideas with other traders, then you’ll struggle to get a day trading course that has a more suitable offering for its price per month, which is why we’ve selected Bullish Bears as the top day trading course for value.
The Bullish Bears team doesn’t serve just generic traders. They specifically seek to make successful day traders. They start you off with a low monthly sub cost of £75 (or £350 yearly) which offers access to tons of educational resources and services, including a top-rated program, interactive chat rooms, real-time stream trading rooms, and more valuable trader offerings. For all of this, Bullish Bears has to be our best-value day trading course.
Bullish Bears also has a substantial following, which is clear from theri 90K subs on YouTube. Though many must be attracted to their low membership costs, they keep engaged by the positive and supportive network online and in chat rooms. As for live streaming, trades are streams showing preparations and executions by professional traders, while the trading rooms are a learning source themselves. The provider doesn't offer simulators, but you can get a third-party simulator on your own.
Bullish Bears recommends that you begin with their 7-day free trial, which provides access to almost everything offered through the £75 subscription per month, including all day trading courses, daily watch lists, chat rooms, live streams, trade alerts, and other services. Members can save on this day trading course using their annual subscription.
5. Asia Forex Mentor – One Core
Cost: Around £716.
Asia Forex Mentor pops up everywhere as one of the top-recommended day trading courses on the plant. It’s also a popular forex trading course and was created by a world-renowned forex day trader – which is why it is so frequently recommended by traders. The course goes into great detail on how day trading markets work.
While a few of the statements made on the course’s site could be challenged, we recognise that AFM is about as detailed as you can get online. Made by Mr Chew in 2008, after experiencing immense personal accomplishments day trading on the forex, Chew has grown into a lecturer and passes down more than 20 years of day trading experience.
The course is composed of 20+ long lectures covering 60+ topics, each with HD on-demand videos. Each lesson also includes Chew’s own thoughts and demos on subjects. The cost for using One Core is a little bit over £690 for full life-time access, and gives you a 7-day free trial, which gets reduced if you begin without a trial.
For more cost, members also get access to a private Golden Eye area, which gives you streams each week covering market analysis, where day trading strategies are discussed for continued progress.
Best Day Trading Courses: Buying Guide
Let’s cover the crucials. This section will give you key basic awareness. It’s great for beginners who are still understanding how day trading works. This bit is also useful for discerning the best day trading course to go with:
Day Traders Explained
So what are day traders? They usually hold stocks, options, futures, currencies (forex or crypto), or commodities. Assets are kept by the hour, minute, or even only for a few seconds before closing. Most often, positions are open and closed within a day, which is why we call it ‘day trading.’
So day traders don’t need to worry too much about the next day… Everything is fresh each morning, because positions aren’t often held overnight. The aim is to get returns from short-term price movements. Some day trading involves leverage to boost profits, but this can also boost losses. So, the most important hedge to day trading risks, is to use a stop-loss, and setting markers for profit-takes.
How to Begin Day Trading
Any new investor, with a few hundreds of pounds, can buy shares in a firm and hold it for however long, a few months or longer. This is ‘long trading.’
Whereas day traders work fast, and it's a fast-paced high-frequency environment. For the U.S. for example, the moment that you are a pattern day trader (PDT: which means you trade four or more times a day in a working week, on any single account), you’re falling into regulatory rules.
These rules are governed by FINRA, who urge people to not trade too much. To be able to keep trading, you must have around £20,000 or more in a margin account on any given day.
Which is there to reduce the odds of total losses. However, FINRA’s rules only relate to stocks / stock options (which use the most amount of capital), and not in other markets, like forex.
For UK investors, there aren’t any PDT rules, depending on your broker. Nevertheless, any private day traders should be ready to put their cash at risk. There could be deposit minimums for accounts, day traders also must get the optimal platform, analytics software for following positions, research sources, and also manage their taxes.
Other fees compound, including taxes on small capital gains, and other commissions - which can affect outcomes and the chosen strategy.
Algorithmic Day Trading Explained ⚙️
Algorithmic day trading (also known as automated aau trading, algo day trading, or blackbox day trading) describes when a program goes through explicit rules sets or instructions (algorithms), which is used to carry out trades. Rather than a human trader trading live.
The key reason for using this tactic is to do with, in theory, algorithmic trading being able to learn profitable ways for traders to move quicker and more regularly than human traders can. How these instructions actually carry out will depend on prices, volumes, timing, and math elements.
The next reason for algo day-trading is to increase liquidity and regularity of these day trading markets, because the human volatility element is lessened.
Who Does Algo Day Trading?
- Long investors: Long-term investors and side-companies use algo day trading. The list of these also includes insurance firms, as well as pensions and mutual funds - these companies use algo day-trading as a way to volume-buy stocks, whenever they need to make high-volume investments without affecting stock prices (discreet large-scale trades).
- Short investors: Which includes sell-side firms. The list includes arbitrageurs, speculators, and market-players like brokers. These gain benefits from the efficiency of automating trades. Add to this, boosted systemic liquidity for all sellers on these markets.
- System traders: This is also a long list: hedge funds, pattern-seekers, and pairs-traders (this is a market-neutral tactic that combines shorting with holding, in a pair of highly-related assets such as currency pairs, or two ETFs). Algo day trading programs can make it much more streamlined to create day trading strategies and then allow its live rendering to do its thing.
Smartphone Day Trading: Good or Bad?
Depending on a smartphone for day trading on the day markets is dubious as an idea, if you require accurate data and the best tools for seeing right.
Users end up taking on more risks by doing too much trading. Smartphones are best used as an accompaniment to a full day trading workstation featuring a laptop or computer. To a certain extent, this whole debating point can be skipped over. Because any significant day trading shouldn’t be done by beginners—or even by people who haven’t studied day trading seriously.
However, for students, laptops and computers are the top devices for learning how to day trade, read charts, use the different technicals and fundamentals, and more.
So all-in-all, smartphones are convenient. They let you trade wherever you happen to be. But using a professional day trader workstation, by comparison, limits you to being in a specific environment with enough screens and/or a fast internet stream.
That said, professional retail day traders who frequently trade always use charts or technical analysis to discern market movements and the right steps to make, before making any trade. But the screen size of a smartphone doesn’t have enough size to represent these charts properly.
Am I Suited to Day Trading?
With in mind the typical demands of (non-copy focused) day trading, the following aspects should be considered. Let’s run through them:
- A high-risk environment: Keep in mind that even one badly weighted trade could cause thousands of pounds to be cleared out in an instant. Day traders should have sharp eyes for detail and be resilient. Often, you’ll lose money.
- Lots of funding: This is relative, according to the market you’re day trading in. But only a few hundred pounds probably is too small to make many profits.
- Stress-resistant and loves this environment: This just means you’re built like a business owner. The vast majority of day traders quit within two years of day trading, according to one study in 2017 by the Berkeley academic faculty