Best Day Trading Online Courses in 2024
Day trading involves the buying and selling of stocks or other financial instruments on the same day. Basically, you open and close a position on the same day. Sometimes, traders open and close multiple trades in a day. The main attraction of day trading is the lucrativeness of small price movements.
But excelling at day trading is no child’s play. Day trading courses prove to be very helpful for beginners since they introduce you to the basics of day trading. Plus, you can learn about different day trading strategies and techniques. In this article, we’ll mention some of the best day trading education resources.
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Day trading courses familiarize you with different aspects of day trading, such as research tools, analytical components, and charting options. You can make handsome profits by putting what you learn from these courses to use. Here are the best day trading courses.
1. Warrior Trading Day Trading 101: Best by the Number of Positive Reviews
Warrior Trading is known for providing a suite of trading resources, tools, and courses. The Day Trading 101 course is presented by Ross, who also makes YouTube videos about day trading.
The course is essentially an online session in which you learn about the following things:
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Stock Selection: The first lesson talks about stock selection. In this lesson, you will learn about the instructor’s criteria for selecting the best stocks to trade.
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Metrics: In the second lesson, Ross talks about the metrics day traders must track and analyze.
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Strategy: In the third lesson, you’ll learn about day trading strategies, such as determining exits, finding the right entry points, and risk management.
All attendees also get a free copy of the presenter’s eBook, How to Day Trade. Therefore, you can use the knowledge in the book to refresh your memory at a later point.
👍 Pros
• Is a free day trading course
• Ideal for beginners
• Quick and concise
• Access to chat rooms
👎 Cons
• Does not go into detail about charting and other techniques
2. Day Trading 101: How To Day Trade Stocks for Passive Income: Best Value
If you’re willing to pay for a course to get more insightful information about day trading, Day Trading 101: How To Day Trade Stocks for Passive Income is a good option. The course covers the basics of day trading, including breakaway runners, technical patterns, and chart settings.
Even though the course is more extensive than the one by Warrior Trading, it does not have any prerequisites. You only need your desire to learn and a device to watch the course content on.
Here’s what you’ll learn:
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Technical Charts: In the initial lessons, the instructor explains how to read technical charts to make profitable day trades. You’ll learn how to locate key areas of resistance and support.
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Volume and Price Spikes: The course also explains how to recognize a spike in the volume or price of a financial instrument.
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Prive Action: You’ll learn how price action takes place and how you can make a profit with breakouts.
Since the instructor uses real trading examples throughout the course, you get hands-on experience. In the end, there’s also a one-minute video in which the instructor tells you about follow-up courses you can take to increase your understanding of day trading.
👍 Pros
• Reasonable price
• Broken into digestible lessons
• Real trading examples and patterns
👎 Cons
• Overwhelming for learners who don’t know the basics of trade charts
3. The Complete Day Trading Course: Best Comprehensive Offering
As the name indicates, this course is quite comprehensive, introducing you to technical analysis for intraday trading, charting tools, market directions, trade broadening tops, and other aspects of day trading.
Here’s what you’ll learn in this course:
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Charting Tools: In day trading, charting tools help traders identify certain patterns in the price movements so that they can make well-informed buy or sell decisions. The most common type of chart used in day trading is the candlestick chart. The course focuses on candlestick charts but also explains other types.
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Market Directions: EMA is one of the most popular technical indicators used to identify short-term trends and potential reversals. The EMA indicator is made up of two lines: the fast line and the slow line. In this course, you’ll learn how to use them to identify market directions.
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Trade Gaps: The course also covers how to trade gaps, triangles, wedges, flags, and pennants.
At the end of this course, you’ll have a solid foundation for day trading. Plus, you’ll be directed to more advanced courses for mastering specific techniques professional day traders use.
👍 Pros
• Extremely comprehensive for beginners
• Separate lessons for each strategy
• Focus on market directions and chart patterns
👎 Cons
• May be too lengthy for some learners
4. Day Trading Ninja: 12 Hours DIY Day Trading Strategy: Best for Educational Content
The Day Trading Ninja: 12 Hours DIY Day Trading Strategy is one of the best day trading courses for beginners since it covers everything from technical indicators to entry and exit points. Firstly, you’ll get a basic understanding of day trading and the strategies used by professional day traders.
Following that, the course goes into depth about trading different markets. You’ll also learn how to create a DIY trading strategy and become an expert with the knowledge you’ve gained.
👍 Pros
• Value for money
• Extensive information about day trading
• Tips for DIY day trading strategy creation
👎 Cons
• Some sections are not very well-detailed
5. The Advanced Cryptocurrency Trading Course - With Strategies: Best for Day Trading Crypto
If you want to exclusively day trade crypto, The Advanced Cryptocurrency Trading Course - With Strategies is a good option. The course focuses on most topics around day trading cryptocurrency, such as running a market-making strategy and using advanced risk management techniques.
Here’s what you can learn from this course:
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Short Selling: In day trading, Short selling means you sell a security you do not own and hope to buy it back at a lower price so you can have a profit. The process of short selling is used when the security is believed to be overvalued, and the seller believes the price will go down. The beginning day trading training lessons of this course explain how to short sell crypto.
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Risk Management: The course also covers advanced risk management and money management techniques.
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Performance Analysis: The instructor has created a free Excel sheet that they share with all learners. You can use this sheet to track historical performance analysis.
Other than these things, the course also goes into detail about market-neutral momentum strategies and triangular arbitrage strategies. Do note you need to have basic crypto knowledge before you can take this day trading education course.
👍 Pros
• Taught by a professional trader with 20 years of experience
• Delves into advanced trading strategies
• Separate lessons for money and risk management
👎 Cons
• Requires existing crypto knowledge
• Not ideal for beginners
6. The Complete Forex Trading Course: Best for Day Trading Forex
The Complete Forex Trading Course is among the best day trading courses for traders who’re interested in Forex. The course helps you build a strong foundation for Forex trading and covers advanced concepts, such as Elliot Waves, Cup and Handle, Exponential Moving Averages, and Bollinger Bands.
Since the course is focused on Forex trading, all information is presented with respect to the Forex trading market. You’ll also learn about different types of orders with the help of real-world examples.
The course instructors are always available and provide dedicated support to all learners. You can ask any question, and it will be answered in just 24 hours.
👍 Pros
• An in-depth guide on Forex trading
• Covers technical analysis and types of orders
• Dedicated support
👎 Cons
• Requires some basic knowledge
• Not suitable for beginners
7. Timothy Sykes Trading Program: Best for Day Trading Stocks
The Timothy Sykes Trading Program is ideal for people who want to trade stocks. Besides stock-related guidance, the course comes with an active chat room and an extensive video library of resources. The course is taught by Timothy Sykes, who is one of the most successful traders in the world.
Unlike other courses in this list that were broken down into smaller sections, the Timothy Sykes Trading Program follows a different approach. The instructor provides insights into different topics along with updating daily stock watchlists. You also get real-time alerts from Tim.
The lessons are weekly or daily, depending on your membership plan. You can also join a chat room and collaborate with other learners for better learning.
👍 Pros
👎 Cons
• Relatively flamboyant and out-there approach of the instructor
• Pricier than some other courses
8. Day Trading and Swing Trading Strategies For Stocks: Most Comprehensive for Stock Traders
You know a course is good when top companies like Nasdaq and Eventbrite also offer it to their employees. The Day Trading and Swing Trading Strategies For Stocks course is suitable for people who want to learn about the process of creating a trading strategy and implementing it successfully.
The course covers different swing and day trading strategies that you can take up in your day trading ventures. Plus, it shows you how to choose the best stocks for every strategy.
The instructor covers three main strategies: OPG, Equity Dilution, and Dividend Cuts. All of these strategies are explained in separate lectures, making it easy for the learners to digest the information.
👍 Pros
• Taught by professional traders
• Exclusive focus on day and swing trading strategies
• Introduces learners to day trading tools
👎 Cons
• Requires basic knowledge of day trading stocks
| Course | Cost | Duration | Link |
|---|---|---|---|
Warrior Trading Day Trading 101 |
Free |
2 hours |
|
Day Trading 101: How To Day Trade Stocks for Passive Income |
$13.99 |
4 hours |
|
The Complete Day Trading Course |
$15.99 |
10 hours |
|
Day Trading Ninja: 12 Hours DIY Day Trading Strategy |
$13.99 |
12 hours |
|
The Advanced Cryptocurrency Trading Course - With Strategies |
$13.99 |
5 hours 30 minutes |
|
The Complete Forex Trading Course |
$17.99 |
8 hours 42 minutes |
|
Timothy Sykes Trading Program |
$75 |
Ongoing |
|
Day Trading and Swing Trading Strategies For Stocks |
$15.99 |
4 hours 45 minutes |
Our Methodology
When choosing the best day trading courses to curate this list, we looked for courses that provided a comprehensive and well-rounded approach to trading. Our aim was to select courses that teach you how to read charts and identify patterns, along with covering risk management and other important topics.
First, we narrowed down our list of the best day trading schools. Our research showed Udemy to be a good reservoir of day trading training courses. Apart from that, we also checked the websites of individual traders and selected the ones we found most helpful and comprehensive.
After that, we thoroughly checked each course’s reviews and instructor on third-party forums, trader channels, and websites. We were careful to only select the courses with ratings higher than 4.5.
Finally, we took pricing into consideration. Since most novice day traders are still getting into the investment space, they may not want to spend too much on a course. Due to this, we only selected the courses that were reasonably priced without compromising on quality.
How to Choose Best Day Trading Education
Now that you know our methodology, it's time for you to learn how to select the best day trading courses. Here are the factors to keep in consideration when choosing a day trading course.
Material: Firstly, you need to look at the course content or material. What does the day trading training course cover? If the course is divided into separate classes, check if each day trading class covers significant information. If you're a beginner, you'd want to look for courses with basic material. Meanwhile, slightly more knowledgeable traders who want to transition to day trading should look for intermediate to expert-level content courses.
Practical Classes: Do the day trading courses use real-world examples? When you're learning a new skill, it's always best to learn by doing it practically. Most day trading courses offer practical classes in addition to the theoretical course material.
Expertise of Instructors: How knowledgeable are the course instructors? One way to gauge this is by checking out their bios or portfolios. Additionally, you can also check their trading experience in the instructor introduction section of the course page.
Reviews: It's also important to know what other learners are saying about the course. Reading day trading course reviews will give you a better idea of what to expect from the course and whether it's worth your investment.
Cost: While day trading seminars and shorter classes are sometimes free, longer and more extensive courses can cost anywhere from $15 to $100. You should choose a course that fits your budget and provides value for money.
How Can You Make Money with Day Trading?
Intraday trading refers to the buying and selling of securities within the same trading day. It offers investors a number of advantages, including the potential to make quick profits on small price movements.
Depending on how skilled you are and the number of trades you make in a day, you can earn a significant sum every month through day trading.
Some advantages of intraday trading include:
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No Overnight Positions: When you hold a position overnight, it comes with a substantial risk. With day trading, you can eliminate this risk since you'll close your position within the same day.
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Regular Income: You can make a consistent income through day trading if you're skilled and disciplined.
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Flexibility: Intraday trading offers more flexibility than other types of trading, such as position trading. You can enter and exit trades as you like, which gives you more control over your investment portfolio.
Day trading can be a profitable venture, but it's important to understand the risks involved before getting started. A major risk is that you can lose money quickly if you make the wrong trade. You also need to have a solid understanding of technical analysis and market trends to be successful.
Best Brokers to Practice Day Trading Skills
After you've taken a few day trading courses for beginners, you're ready to try your luck on brokerage sites. Here are two good websites:
OANDA - Forex
OANDA is one of the best brokers for Forex trading. The broker is registered with the NFA (U.S.), CFTC, and FCA (U.K.). More importantly, it offers below-average fees and supports third-party features, making the platform ideal for beginners. You can also create a demo account on the website and practice all features before trading with real money.
Interactive Brokers - Stock
Interactive Brokers is a well-known name in the investment market due to its low fees and amazing customer service. The website offers a wide range of products, including stocks, options, futures, Forex, and CFDs that you can day trade using Pattern Day Trading Accounts.
Summary
Day trading education can help you understand the basics of the market and how to make money through day trading. However, there are many different types of day trading, so it is important to find the one for your preferences. In the article above, we've mentioned day trading courses for different financial instruments, such as stocks and Forex.
Meanwhile, the best day trading courses for beginners will be ideal for people who need to learn from scratch and build their expertise from there. When selecting the best day trading class, make sure to consider the price, instructor expertise, course reviews, and material.
FAQs
Is Day Trading Profitable?
Day trading can be profitable if you have the required skills and knowledge. Many people make a full-time income from day trading stocks, Forex, futures, and cryptocurrencies.
Can Day Trading be Self Taught?
You can learn day trading on your own, but that could be risky since you'll learn with practice. Meanwhile, if you take day trading courses for beginners, you'll save a lot of time and money.
How Many Hours Do Day Traders Work in a Day?
Typically, day traders work three to four hours a day. They spend their time trading and reviewing market trends.
Are Day Trading Seminars Informative?
Day trading seminars are a great way to learn about intraday trading of stocks, Forex, and crypto. They often have live trading demonstrations and Q&A sessions where you can ask the instructor any questions you have.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.