Stock trading courses for beginners — ShareGurukul

by Pooja Singh SEO

Stock trading at first glance may appear to be easy but without proper training from comprehensive stock trading courses, you will be susceptible to several common trading pitfalls that many beginner traders fall victim to. Moreover, the following pitfalls will not only cost you money, but they may also encourage you to give up trading far too quickly:

#Not understanding technical analysis. A good trading course will help you understand the basics of technical analysis as well as how to both read and understand technical charts. Specifically, a good course will teach you about chart movements and technical indicators and more importantly, how both charts and technical indicators should be interpreted and acted upon.

#Not understanding risk vs. reward. A good course will teach you to understand and properly appreciate risk versus reward. In other words, you will learn how to determine how much risk you can tolerate in order to earn a profit while online stock trading. Likewise, a good stock course will help you determine just how many trades you are willing to lose on in order to earn a profit or at least break even.

#Not understanding stop orders. A good course will teach you how to use stop orders to both limits your losses and to lock in profits. Moreover, a good stock trading course will also help you avoid improperly using stop orders with short-term trading strategies that can end up locking in your losses and locking out your profits over the long-term. In addition, you will also learn how to combine the use of stop orders with both good trade entry and exit techniques.

#Not understanding short-term vs. long-term trends. A good stock trading course will show you why short-term trading trends are always easy to spot on technical charts — in hindsight. Moreover, over, a good trading course will also help you to understand longer-term trends that many short-term traders miss out on profiting from.

#Not understanding the need for balanced trading. An effective stock trading course will teach you how to avoid both over and under trading as entering and exiting a trade every few seconds can quickly eliminate a trader’s profits while staying in a position for too long could be a sign of a trader who is risk-averse. In other words, a good trading course will teach you how to strike a balance between over and under trading.

#Not understanding when to trade. Selecting the right course will teach you how to avoid trading on turning points and will instead teach you how to trade with the trend. More importantly, a good stock trading course will help you to avoid adding to a losing position on the hope that a stock’s direction will eventually turn in your favor.

Hence, investing both time and money in stock market courses will help you to avoid the above common stock trading pitfalls and earn long-term trading profits.