8 IMPORTANT WAYS TO SAVE YOUR MONEY ON ALLURING STOCK MARKET COURSES
ARE YOU PLANNING TO SPEND A LOT OF MONEY ON STOCK MARKET COURSES?
DO YOU KNOW WHICH IS THE BEST COURSE FOR YOU?
DO YOU THINK YOU WILL BE ABLE TO MINT A LOT OF MONEY FROM THE STOCK MARKET AFTER DOING THESE COURSES?
HAVE MORE SUCH QUESTIONS ON YOUR MIND??
READ THE FOLLOWING POINTS CAREFULLY TO GET THE ANSWERS TO ALL SUCH QUESTIONS ON STOCK MARKET COURSES …..
When you don’t know the rules of the game, some call it betting and some call it speculation. Although it’s called a stock market, of late apart from stocks – commodities, exchange-traded funds, corporate bonds, mutual funds, derivatives, currencies, and other financial securities can be globally traded in the stock markets of the world. Sitting in the leisure of your home you can trade and invest in the stock markets around the world and make decent money to live a happy and fulfilling life. But it’s not that easy as it sounds. Trading in stock markets can be very dangerous without having proper knowledge, the right skill set, psychology, position-sizing, and risk management.
There are many expensive and alluring courses, seminars, and training available in the market to hone and sharpen your skills in positional and short-term trading which will help you to make money in the stock markets. Which is the right one for You??
READ ON TO SELECT THE BEST COURSE/TRAINING FOR YOU. IT WILL SAVE YOU A LOT OF TIME AND MONEY
1. KNOW YOURSELF FIRST
The arena of the stock markets is very wide and big and not everything in the stock markets is made for everyone. Everyone can not be an actor or a doctor or a navy seal or a trader or an investor. One should possess the right set of skills, knowledge, and personality traits to become a master in his field. It’s very important to answer two questions before spending on education in stock markets.
First, are stock markets for you? Do you have the right personality traits in the first place to be in the stock markets? Courage, discipline, consistency, perseverance, patience, passion, and the ability to make quick decisions are a few of the characteristics you must have to thrive and survive in the markets. These will help you to decide whether to enter the stock markets or not. Focus on these personality traits first and master them to get ready for the second phase of training.
Second, do you have enough capital to trade or invest in the markets? You require a comparatively smaller amount of capital for trading and a larger amount for investing. Trading will give you results early as compared to investing but at the same time, it is comparatively riskier than investing. Also, it is very important to set your foundation right and strong, so before jumping directly into trading or investing it is very important to understand the basics of the market, its participants, structure, and terminology.
With the right personality traits and sufficient capital, you can move on to decide if you want to start with a course in trading or investing?
2. KNOW YOUR TRAINER
A good trader may not be a good trainer and vice-e-versa. A person who knows how to make money in the markets may do it for himself but at the same time may not be able to help or train others to do so. Trading and training require a different skill set. It’s important to know your trainer before you pay him to take up the course/training. How many traders has he trained in the past? What is the area of his expertise? How is he himself doing in the markets? These are a few questions you need answers to, before taking your final call.
No one in this world wants to tell you the truth when it comes to money. For money’s sake, people claim to be experts in the field they do not know much about. So it’s very important to make sure that your to be trainer or mentor or coach is an expert in the domain and holds the authority to train people and speak on the subject matter.
3. KNOW YOUR TRAINING/COURSE
A trainer showing you his villa in Beverly Hills, a huge penthouse or a lavish apartment in a high-class society, McLaren Speedtail or Aston Martin Valkyrie (super luxury cars), a Ducati, Honda or Yamaha power bike, or a motor yacht, at the time of selling the course, BEWARE of him because he is trying to sell you dreams which will never come true and not a perfect course or training that will make you learn and be profitable in the stock markets.
It’s the content of the training course, the curriculum, the syllabus, the relevant topics that you will learn during the training that will make you profitable in the long run. The content should be of top quality and it must cover all the required and relevant topics in an easy-to-understand manner.
Professional training clearly defines the objectives of a course and its ideal audience. Do not get carried away by tall claims and fancy promises made by some self-proclaimed experts to market their alluring and expensive courses. Always choose a course that clearly outlines the course content and lives up to your requirements and expectations.
4. PRE RECORDED STOCK MARKET TRAINING/COURSES
Many so-called trainers record the sessions on the stock market and then sell them at a very high price. It is important to note here that markets are dynamic in nature and things change every now and then. The pre-recorded sessions are stale and will not serve the purpose until you are learning new things in this ever-changing practical market. There must be live training sessions and doubt clarification sessions where you can ask and get your doubts cleared as and when they come up. The trainer sells you the course and then disappears from the picture leaving you all by yourself.
When you are new in the markets, the pre-recorded training is going to be of no use. What will you do when you are stuck? Whom will you approach when you have questions? How will you make sure if the content is up to date and in line with the current market scenario? Before making the payment for the course, make sure you have answers to all these questions.
5. TWO/THREE DAYS SEMINARS IN 5/7 STAR RESORTS AND HOTELS
ROME WAS NOT BUILT IN A DAY. Your main objective is to learn the markets and how they operate? Buffet in a 7-star hotel will not cost you more than 5000 INR, and you end up paying 50000+ INR for such short duration seminars and courses which are held in these dazzling places. No one can teach you markets and its nitty-gritty in a three-day seminar. It takes years to understand the markets and the way they operate. The content of the course should be good, practical and the trainer must provide you mentorship and handholding as and when you are in need of it, theoretically and practically in the live markets. You are not investing in a course or seminar to dine in or spend few hours in a 7-star facility, you are investing to learn the markets and the way they operate.
There are a lot of things you have to learn, unlearn and relearn to be a profitable trader or investor. You have to do it practically in the markets, what you have theoretically learned. It takes time, you have to be patient, consistent, and psychologically strong in order to survive in the markets. There is a lot to learn and understand when it comes to technical or fundamental analysis for trading and investing respectively. IT CAN NOT BE LEARNT IN A THREE DAY SEMINAR. The people who are claiming to teach you markets in a few days, open your eyes in a few hours are only making a fool out of you. There is no holy grail in the markets that you are running after. Everything in nature takes its own time to come up with some remarkable results.
6. START FROM THE BASICS TO REACH THE ADVANCED LEVELS
The universe of stock markets is very vast. There are different approaches, different indicators, price action, ratios, and the list goes on … Start from the very basics of the market. Understand its structure, its jargon, and phraseology used in the market, the way it operates, and then move forward to get into the more advanced and specialized areas that fit your personality.
Do not right away jump into the ocean, work on your basics. It will not pay you to spend a huge amount on an advanced level training or course. Your foundation needs to be very strong before you need to build a skyscraper in the stock market world. We are coming up with a very basic course on stock markets, covering all its aspects, its widely used phraseology, and the way it operates. It is going to be one of its kind which you will not get for free anywhere on the internet. Some trainers in the market are charging up to 10000 INR for such content. It’s an initiative taken to educate the masses on the basics of the stock market and a free gift to all my YouTube subscribers. You can subscribe to our YouTube channel “stock the stocks” to stay tuned. https://www.youtube.com/channel/UCnH2zcmDUZOd2hPnPEevlKQ
7. START READING BOOKS ON STOCK MARKETS, PSYCHOLOGY AND RISK MANAGEMENT
Books are your best friends. Everything that is being taught in the training and seminars by the trainers and traders across the world has been taken from books written on the subject by the specialists or subject matter experts. You will find a wide variety of books written by famous authors on subjects ranging from candlesticks, chart patterns, risk management, position-sizing, investing, trading, and every small and big topic that is a part of the stock market.
The courses and training are designed on the content taken from these books. The training which might cost you in thousands, you will get better content in a book that will not even cost you hundreds. Books are a better and cost-effective way of learning and mastering any specialized business or profession. Not only does it gives you knowledge on that particular subject, but it also improves your reading habits and improves your hold on the language.
I have come across recorded training and seminars of some very well-known names in the market, but everything that they talked about or tried to teach and preach is all there in one book or the other. There is nothing new that they have invented or claim to have developed on their own.
8. STOCK MARKET LEARNING IS AN ONGOING PROCESS – A PROFESSION – A BUSINESS
The market is supreme, it teaches you something new every day. Even after spending more than 15 years in the markets, I learn a lot of new things in the market every now and then. Learning is an ongoing process and you must learn that new thing every time like a humble student. Only then will you be able to succeed in the world of stock markets.
Markets are ever-changing and very dynamic in nature. You need to be very professional and take investment and trading as a business. You have to plan, and re-plan, learn new things, apply new strategies, Invest in new and recent developments, and only then can you keep pace with the moving and changing markets. You have to make rules and abide by them every single time you play your game. Sometimes you will lose, accept it as a part of the game. It’s the best business in the world, which can be started with a reasonable capital and can be conducted from any part of the world, provided you have an internet connection, a laptop, and the know-how to play and win the game.
FINAL WORDS – CONCLUSION
You cannot become an expert overnight. Look out for a long-duration, practical, cost-effective course that fulfills your needs, requirements, and objectives with which you invested in it. A good course gives you a lot of knowledge and enables you to use it in your favor. Give yourself time to understand and absorb what you have learned in the course and gradually apply it practically in the market. Most courses will also offer some inputs and insight on managing your risk, money, and psychology, which will bring in some discipline. Use your knowledge, be consistent, be disciplined and patient, learn the rules right and follow them, and you will be rewarded in the long run. BEST OF LUCK. Happy Trading. Happy Learning. Stay Blessed.