Stock Market Education

If you want to be a successful trader, then there is no question about it: You have to get a stock market education. Many people try to shortcut this option, but there is no fast way to get there; unless of course you take on the education path first.

I have personally gone through a few stock market packages myself and have experienced many ups and downs in the market. I have seen educators come and go and have heard all the sales pitches possible for a stock market education package.

Prior Stock Market Experience

There are many people that have prior stock market experience. They know how to trade – and are very good at it – because they learned it from their parents, close family or a friend. That is where stock market education normally begins; through exposure to the trading floor from friends and family. The trust is there already and that makes it much easier to get started in a, sometimes, very scary and saturated field of financial wealth creation.

Where To Get A Proper Stock Market Education

How do you get a proper stock market education? Many course are offered on the ever growing marketplace of finance spruikers and wealth creation guru’s. My suggestion is to do your due diligence and take your time doing some thorough research first.

Stock market educators normally make more money from the education process than they ever make from trading the markets. If they trade at all, or haven’t lost the bank previously using their own trading strategies, then they could be worth considering. Let’s look at some background checks you can carry out before spending your hard earned cash.

Educational Background Checks

Look for trading history on the stock market education company you want to use. Ask them some of these questions:

  1. Do you trade now?
  2. How much do you personally make per month trading?
  3. How successful are your students?
  4. Will you answer my questions once I hand over the money for the education package?
  5. Can I have 10 phone numbers from random clients of yours that bought your services atleast 12 months ago?

If you get fast, non hesitant, answers to all of the above questions, you are on track for a potentially great stock market package. Hesitation means lack of answers. Truth comes fast. Non truth has to be made up first – and that requires hesitation.Take your time and make up your mind slow and steady. You have all the time in the world to make a decision. The market will wait for you. Place your stock market education order in the same fashion as we recommend your trades to be placed: With plenty of analysis.

Comments

  1. I like the 5 questions you suggest asking a Stock Market Educator prior to laying down your hard earned cash for a Stock Market Education. I have never traded and have relied on a Money Manager at my bank to handle my RRSP. He was doing great until the last financial fiasco. Now it’s like we’re restarting from the position we were in 10 years ago. So it’s time I started playing with some of my money myself.
    .-= Don White´s last blog ..New Ireton Data =-.

  2. This is really good advice. Getting a good stock market education should be your first step when starting out. Having a good mentor who is there for you to answer questions is paramount and as you have said, choose a mentor who has had success in the stock market.
    .-= Jackie Stenhouse´s last blog ..Types of Child Anxiety Disorder =-.

  3. This is great advice on getting a stock market education. I really like the five questions to ask someone before you buy a course from them.

    The only shares I have though are in a share portfolio with my bank. I just pay a certain amount each month and they take care of the rest. I really don’t trust myself to know which are the best shares to buy and sell to make a profit.

    Also, I’ve seen that the ASX offers free courses online but I never seem to make the time to go and check them out. I’d really like a stock market education and be able to make my own financial decisions.
    .-= Jazz Salinger´s last blog ..Finding Your Passion =-.

  4. Angus Turner says:

    Hi Sean,

    Education is essential for anything we wish to be involved in. So if we are going to be involved in investing even through a managed fund we should first obtain a good Stock Market Education. A good education is the base for success in any endeavour.

  5. I agree we definitely need to do our background research on stock market education companies. I have not traded either. But it looks to be an interesting area to get educated in.
    .-= Jacqui Emery´s last blog ..2010 Tom Quilty Cup Winner =-.

  6. Yes, stockmarket education is the way to go Sean, Learn before you burn! :)
    .-= Willem Broekers´s last blog ..Making moolahs =-.

  7. Where to get a proper stock market education must be one of the most confusing questions many people ask themselves. There is a lot of hype out there.

    I like the way this article gives clear questions to ask regarding the educational background checks. The difference between someone giving truthful answers and someone thinking of a good answer is a great advice too.

    I would like to think I could have the confidence to invest in the stock market one day.
    .-= David Pearse´s last blog ..Targeted Internet Marketing-Market Samurai =-.

  8. Cathy Howitt says:

    Sean,
    Some more great advice re Stock Market Education.
    Sometimes we are afraid to ask the simplest questions, but in the end, it is our money that we win or lose!
    Ask those questions!!

    Cath

  9. I have not had any experience what so ever with the stock market. However in recent months I have had some exposure to different packages being offered by different businesses.

    Its always hard when you dont have good knowledge to assess each offer. Thank you for providing me with a good basis of questions to get me started at really assessing a good company.
    .-= Tegan Hadley´s last blog ..How can affirmations help change my mindset =-.

  10. Now THIS is the page I need. Like anything in life, if you want the best solutions or the best answers, it always helps to ask the right questions. Quality questions get quality responses. Then I am better equipped to make better choices.
    .-= Jo Carey-Bradshaw´s last blog ..Wealth Creation – Coffee and Internet Marketing =-.

  11. Jayne Pleysier says:

    There is no way around it – you just have to learn how to do things before you become successful! Taking shortcuts can give you a false sense of security, but in the end when things come crashing down, you just have had to put the hard work in! Getting a basic Stock Market Education is very easy with all the free information on the internet and if you are wanting to pay (and even for free information) then you need to very carefully look at the credentials of the educator to ensure that you are receiving the best advice. A lot of people claim themselves as experts in the Stock Market…….how many were able to survive the GFC in 2008?

  12. Rose Kawe says:

    Thanks Sean,

    So true, Stock Market Education is very important Prior to Stock Market Experience. The stock market will always be there, you have to have that profound knowledge before you can take on the challenge to invest successfully. And yes there are no short cuts to it.

    Cheers
    Rose

  13. Brenda McNutt says:

    There are many options for getting a Stock Market Education, from expensive packages to free online lessons with the ASX.

    I like your 5 questions to ask a potential stock market education provider.

  14. I’ve been interested in the stock market but wasn’t sure where to start. Your points about the market waiting and learning before you start, taking my time to learn are just what I needed to hear. I’ll be watching this blog to see what else I can learn.
    .-= Tania Shipman´s last blog ..Sean Rasmussen =-.

  15. A little knowledge is a dangerous thing – and that was never truer than with stock market investing. A sure way to lose money if you haven’t thoroughly given yourself a well grounded and rounded education in the whole shebang.

    I like the point about asking for the numbers of 10 random clients – few internet marketers will do that!
    .-= Peter Damien Ryan´s last blog ..Programs And Affiliates =-.

  16. Hi Sean,
    I too, am a big believer of Education first, when it comes to Stock Market Trading.
    Everyone has to pay for their education some how, whether that is through a mentor, or through there own mistakes in the markets.
    Why not learn the good habits for a Stock Market Expert first up, instead of learning the hard way.

    Not all stock market education programs are equal, so its worth doing your due diligence, to confirm is meets your needs. Your tips here, are certainly a great place to start to ensure this.

    Cheers,
    Cade
    .-= Cade´s last blog ..Currency ETFs – Whats Hot and Whats Not with Forex =-.

  17. I disagree with asking number 2, there are a lot of Ego’s in Stock Market traders, and bragging about how much people make is not reflective of the skill level.

    How much a person made will depend on how much they have invested.

    A better question would be what % profit did you make?

    • Good point, Simon.
      I did however make over 1100% in one day in 2006. We celebrated in jest because I beat a seasoned investor who had never made more than 700% in one day. He did however make tens of thousands, where I made a few grand.
      So I suppose there needs to be a balance between percentage and “how much”.

  18. yep, no one can smirk at 1100% in one day regardless of the dollar value :)

  19. Hello Stock Market Education,

    As I have experienced the highs and lows of the Stock Market personally I really believe that the Stock Market Education is the only way to go.
    Great tips, and advice.
    Cheers
    Lisa

  20. Hi Sean,

    Fantastic website. It’s great to see that you are educating people about the market as well as giving them a guide on how to find an educated mentor and a proper package. All too often too many people are hyping up stock market trading courses, and going on about massive percentage returns when they don’t really warn about how important trading psychology, and essential money management is.

    Many people just don’t realize that your money management will ultimately determine how profitable you are, not just your system or which direction you are going.

    Thanks again,

    Kase Cheah

  21. Great advice. The stock market is risky without the right education but is an excellent way to generate an income if you know how to apply the right strategies and mindset.

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