Updated 11 September 2020
For those wishing to enter the exciting world of day trading, a formal course is often the quickest and most accessible way to learn how the industry works and how to build a successful trading career.
Online education has grown over the last few years, meaning that students can learn about a whole new industry from their own homes, at their own pace.
Many established and reputable companies offer courses, all with varying structures, content and costs.
Day trading can be both lucrative and highly risky. It’s beneficial to have a solid understanding and appreciation of how to invest, manage risk and monitor the markets.
Even if you have previous trading experience, this type of trading is constantly changing and evolving, so up to date knowledge and refreshing existing skills will always pay off in giving you the cutting edge against other traders.
There are many day trading courses out there, but you should consider a few essential factors before deciding on one.
The most important consideration is the legitimacy and calibre of the organisation or person providing the information.
Some courses are written by traders who have only a year or two of experience. Of course, they may have been successful for those couple of years, but trading is a long term pursuit and short term success doesn’t always represent the level of skills and expertise needed to teach others.
Check that the creator of the course has been trading for at least five years before viewing them as a trustworthy source of information.
Check that the course covers the areas of trading in which you are particularly interested. Look at online reviews and check out online forums for other people’s experiences of various day trading courses.
You may also want to check the format of the course and how your learning will take place. The lessons could be self-directed or led by a tutor.
Find out whether you have easy access to a tutor for guidance and feedback. A good course will offer a way for you to connect with your fellow students, so look out for ways your course provider facilitates this.
You might also want to check if the course is run by a series of pre-recorded video lectures or slides, or if more interactive learning is available.
To help you decide, we have rounded-up the ten best day trading courses, with details such as cost and features.
This list is not exhaustive, but it gives you a great starting point to see what’s out there. Conduct your own research too, to make sure you find the course that suits your needs.
Best for: Tailoring to your level of expertise
The Day Trading Academy offers courses aimed at beginner, intermediate, advanced and pro levels of skill. As well as catering for individual experience, this also gives students a clear path of progression.
One of the standout features of this course is that it teaches traders to understand the markets themselves, rather than to rely on software. This foundational learning is considered crucial in giving traders the edge.
There is a substantial interactive element to the format of this course, rather than the self-directed online approach used by some others.
Best for: Getting started
The IG Academy is a UK-based company with over 40 years’ experience in the financial markets.
The organisation offers a range of courses and live teaching sessions for free, making it an ideal option for someone just starting out in the field of trading and wanting to find out more before committing to investing in an expensive course.
With course subjects including ‘Introducing the financial markets’ and ‘How does trading work?’ you can lay the foundations before moving on to something more advanced.
Its featured experts host round the clock trading webinars that are each then stored in a webinar library, of which you have constant access.
Best for: Those on a budget
Investopedia is a US-based organisation but students can access their courses from anywhere in the world.
The expert teachers are all featured on the Investopedia website, and it’s evident that they have an extremely advanced level of experience and skill.
When you sign up to Investopedia, you get lifetime access to its online course materials, perfect for encouraging long-term learning and keeping up to date with industry changes.
The course uses a self-paced method of study which can be useful if you are learning whilst working a full-time job.
However, having no time limit can be unconducive to some personality types who benefit from a more rigid time frame. Make sure you have the motivation and commitment to complete the course before investing.
Lesson materials include video content, practice exercises, quizzes and exams. Trading courses are $199 each, with 11 to choose from.
Best for: Ongoing support
Investors Underground takes a slightly different approach to delivering lessons and supporting students.
As well as access to course materials, subscribers also gain access to a membership consisting of a daily recap of trading events, nightly watch lists, a live trading floor and more.
Learners also get access to chat rooms populated by a community of traders and other students.
Annual subscription, plus access to over 1,000 video lessons, costs $2,697, with payment options available for monthly or quarterly subscriptions too.
A membership-only option (without the course access) is also available, ideal for ongoing support when you’ve completed your learning.
Best for: Serious traders
Market Rebellion was co-founded by Jon and Pete Najarian, well known American traders who appear regularly on US financial and business news channel, CNBC.
Straight off, you can appreciate that these guys know what they’re talking about.
Their status means that they have created an air of exclusivity in Market Rebellion, and traders have to apply to be considered for enrolment on its educational courses.
Once granted access, students learn the techniques that Jon and Pete use themselves. As Market Rebellion says, its Education Program ‘goes deep’ and ensures successful completion for all students.
As you might expect, Education Program costs are reported to be high, although Market Rebellion do not display prices on their promotional materials.
For serious traders who already have some level of expertise, though, this looks to be the course to propel you to the next level.
Best for: A free introductory course
The Online Trading Academy is a provider of financial education, offering a range of day trading courses covering stocks, forex, futures and options trading.
It has locations all around the world, including in the UK, and reports to have educated tens of thousands of students.
The courses are in-depth and comprehensive and span a good breadth of trading disciplines.
Students have the option to receive face-to-face or virtual training or to access video modules with accompanying assessments.
A great feature of this provider is that it offers a free half-day introductory course that outlines the basics of trading, so you can get to experience the teaching style and course content and decide whether it’s a good fit for what you want.
There have been reports that Online Trading Academy is gaining a less than favourable reputation for hiding exact course costs and pressuring students to spend more than they had intended. Be mindful of this when researching this as an option.
Although this is an obvious negative, we have included the Online Trading Academy in this list as it is a vast and well-known organisation in this field. You may find that the free introductory course is valuable enough as a standalone resource, but be careful before signing up to paid study without finding out the costs involved upfront.
Best for: Range of Options
The Stock Whisperer is the nickname given to founder Stefanie Kammerman and is now the name of her quirky and fun organisation that offers a real span of products and services.
The business is upfront and clear about the courses it provides, although some course names are a tad unusual, with ‘What’s inside the candle?’ and ‘Finding the T-Spot’ particularly intriguing.
The course formats include live workshops, coaching and digital download workshops. Some products are packaged together to create comprehensive and lengthy courses that cover all three lesson delivery methods.
Pricing is transparent and ranges from $99 for an hour-long workshop (on sale at $49.50 at time of writing) to $6,852 for the most substantial package (on sale at $4,999 at time of writing).
Best for: A no-frills experience without any fluff
TRADEPRO Academy invites you to ‘become a successful day trader in just 90 days’ with its community and learning membership.
Pricing is reasonable, with the Pro Trader membership at $179 per month and the Elite Trader membership costing $219 per month, both with a 14-day money-back guarantee if you’re not satisfied after signing up.
The Day Trader course is included in membership costs and consists of 17 lessons, evening trading videos, checklists, templates, quizzes and resources.
The TRADEPRO Academy cuts out all the fluff and has a straight-forward membership model that encompasses learning and community support at an affordable price.
Best for: Laying the foundations
The Udemy Complete Day Trading Course is a short course that consists of 7.5 hours of video lessons, articles and resources.
The course modules cover a breadth of topics including chart analysis, short squeezes, paper trading and trading strategies.
Listed at an RRP of £199.99, as is usual with Udemy, a significant discount has been applied and the course cost is £16.99 at the time of writing.
This course is suitable for beginners who need to learn the foundations of day trading, but it may be too basic for more advanced traders.
Best for: Top quality
Warrior Trading offers two levels of day trading course, alongside an option to access just the trading rooms for a smaller fee. It advertises a starter course, consisting of 15 chapters of course content, and a pro course, offering 50 chapters.
Learning materials include simulated trading, chat rooms, online lessons and scanning tools.
90-day access costs $4,297 (and rolls into a monthly subscription of $197 per month unless cancelled) and one year access costs $5,997.
Online reviews award 4.5/5 stars to this course.
Warrior Trading also provides a busy and active community of trading experts for ongoing support and development.
With an array of day trading courses available, choosing the right one is a big decision.
For maximum success, you need to make sure the lesson format and teaching approach suits your learning style, and that you are dealing with a reputable and trustworthy company.
None of the course providers offer the same, so research the course content and look into student reviews carefully.
Costs can vary hugely, so set your budget beforehand and don’t be tempted by big promises.
Some of the strongest contenders in this list offer straight-forward teaching without any hype, and still get great results for their students.
As well as course costs, trading itself can be costly and requires some investment. Be prepared to work at honing your day trading skills to manage risk where possible, but remain sensible and thorough when selecting a course to help you get there.
WikiJob does not provide tax, investment, or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. Investing involves risk including the possible loss of principal.