[Carlo]

So I’ve spent a small fortune on trading courses and so called “trading gurus” who promised a path to profitable trading, yet I’m still struggling to break even. I am really starting to feel like the only people making money are the ones selling the courses and tips. Am I alone here?

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[GG345]

Yeah, buddy, you gotta avoid those guys. Think about it: if these “gurus” are really market experts, why are they spending their time teaching newbies instead of just trading and living off their own returns?

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[James Barra]

Hi Carlo,

A healthy dose of scepticism if sensible before handing over funds to so-called gurus. Finding genuinely high-quality trading coaches amongst the thousands of providers is no easy task.

It’s also important to be aware that day trading is very difficult. Research suggests about 80% of day traders quit within two years while 40% don’t make it through the first month.

Have you read our guide to day trading for a living? It covers many of the key aspects you need to consider, from risk management and starting capital to educational resources.

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[Christian Harris]

Run a mile if some ‘guru’ sells a ‘course.’ Everything you need to learn about trading is on the Internet for free or in a few quality books.

Having said that, there are professional accreditations, such as the STA, you can join if you are serious about trading.

A very entertaining YouTube channel to check out: https://www.youtube.com/@ImanTrading

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[Alfie]

I give these trading gurus as much time as cold callers. Ignore, ignore, ignore.

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[Lix]

If you have a “small fortune” you could just as well buy day trading courses at Udemy. They are hours in length and only cost a few bucks.

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[GG345]

Are they any good though? Are you really learning that much if it only costs a few bucks? How much is it that you get what you pay for?

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[Lix]

I have purchased a course at the very beginning of my journey. It was very confusing where to start, how to start, should I buy a book, which one, or should I buy a course, which one, etc. I paid 12 bucks for a course which was a few hours long. For me I think it was worth it because it provided me with basic understanding of what a chart is, candles, etc. And from then on I was able to slowly locate information on the net (eg Investopedia, etc). What is good for one person may not be good for another. People recommend books you buy it, and it just doesn’t click for you and you don’t understand why others recommended it.

Go to udemy.com and browse courses. There are detailed course listings, description about the content, reviews from people, etc and decide. Since you spent a small fortune already on “trading gurus” and still struggling, it means a price is not an indication whether the material will be helpful or not. As a matter of fact, I think the more expensive a course is, the more that person relies on making a living from selling the course as opposed to from actual trading.

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