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Top CFD Trading Courses for individuals
Swen Keller
In the crypto world Swen has consistently found success through his effective communication skills and the unique ability to navigate the details.
- Last Updated 29 August, 2024
CFD courses offer a structured and comprehensive way for individuals to learn the intricacies of CFD trading, manage risk effectively, and develop the skills needed to potentially profit from this form of financial trading. These courses can be a valuable investment for anyone looking to enter the CFD market.
Here are some of the key advantages of taking CFD courses:
- CFD courses provide a detailed understanding of market analysis, risk management, and trading strategies.
- CFD trading can be highly leveraged, which increases both potential profits and losses. CFD courses offer useful insights and risk management techniques to help traders protect their capital and minimize losses.
- CFD courses involve extensive technical analysis and market analysis, which enable traders to make informed decisions based on market trends and news events.
- Many courses provide hands-on experience with trading platforms commonly used in CFD trading.
- Joining a CFD trading course can connect you with other traders, providing opportunities to exchange ideas, strategies, and experiences.
- These courses may educate traders about the regulatory environment surrounding CFD trading in their region, helping them stay compliant with relevant laws.
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A Quick Glance: How Does CFD Trading Work?
CFD trading is a specialized approach to trading that hinges upon the movement of prices in the financial markets of various assets.
Traders must register an account on a CFD trading platform (select a broker), where they may select among the various commodities and open a trading position based on their pricing. A requisitory deposit is needed to begin CFD trading and is often referred to as an “initial margin.”, which is paid to the platform.
Long Position: You predict that the stock prices will rise (buying stocks).
Short Position: You predict that the stocks will fall in price (selling stocks).
If the position closes in your favor, you stand to gain immensely from the trade (generating profits many times more than your initial margin). However, all financial investments can be risky, and it is important to note that the opposite outcome may very well occur, resulting in a complete loss of your investing capital.
Learn more about CFD trading here.
Best Trading Courses and Certifications
Plus500 Trading Academy
The Plus500 Trading Academy is a popular educational resource center for everything trading. It features beginner guides, trader guides, webinars, trading EBook, current news, and frequently asked questions.
The TradingAcademy also provides the opportunity to sign up for a risk-free demo account where users can practice what they learned in the Academy.
Some popular courses covered include Types of Charts, Margin Requirments, Slippage when closing a position, how to use technical analysis tools and indicators, etc. The education platform is free and does not charge users in any way. Plus500 demo account is also free.
Investors Underground
InvestorsUnderground is a well-known resource for learning everything about trading in general and offers users a comprehensive, step-by-step tutorial for increasing their skills and expertise.
Aside from providing trading knowledge, skill building, technical analysis, and chart patterns, the platform also offers a checklist of financial goals before entering the market. This is of great help to beginners.
If this isn’t enough, you also get to practice trading side by side with experts who help you learn and understand patterns and trends in the financial markets and adopt prudent trading strategies.
Note: Although some content is available free of cost, most of Investors Underground’s stand-out services are included in its subscription model, which can range from $158 to $297 a month, depending on your package.
Online Trading Academy
A highly sophisticated choice on our list, Online Trading Academy (OTA), is a key player in the world of financial education. The platform has several striking features, but most notably, it is known to provide you with the most up-to-date material. Since financial markets frequently fluctuate, with new trends replacing old ones daily, most academic providers simply cannot keep up with its unprecedented evolution.
Conversely, OTA provides users with weekly updates on stock trade samples, market trends, and educational content, keeping up with the ever-changing financial system.
Furthermore, for our crypto-enthusiasts, OTA provides additional material to apply trading knowledge in the blockchain network and monetize the volatile nature of cryptocurrencies.
London Academy of Trading (LAT)
Besides the regular knowledge-building approach, LAT takes education to the next level with advanced learning tools, shedding light on more sophisticated areas of CFD trading strategies. It touches on important topics with a direct approach, providing valuable insights into successful trading while also acknowledging potential risks.
With a large number of courses available on its platform, combined with countless notes and videos for an enhanced learning environment, LAT might be the key to your CFD trading success. Moreover, the services provided by LAT are highly flexible and let you choose the trajectory of your education.
The platform offers Online, Hybrid, and Campus classes and allows you to tailor the course to fit your schedule since you can always pause/resume your course.
Bear Bull Traders
If you’re looking for a pocket-friendly alternative with all the features and benefits of a premium service, Bear Bull Traders offers countless options for much less money, including weekly webinars, continued education and training, and regular meetups that encourage users to join its trading course and start trading mindfully.
The platform helps users with forums, mentors, and chatrooms to learn in a more relaxing environment. Additionally, for its Elite members, Bear Bull Traders offers an advanced trading course with modules covering risk management tools, CFD trading strategies, and trend recognition.
The cost may vary with various packages, ranging from $39/week to $1,199/year.
MIT Open Courseware
An initiative by the Massachusetts Institute of Technology (MIT), MIT OCW is a platform offering high-quality, publicly-accessible, free teaching and learning material to aid diverse audiences academically. Novice investors can learn from experts on various topics dealing with the fundamentals of trading.
Besides providing free courses from experts in the field, the platform offers educational material on a range of topics, including the crypto market, market analysis, trading strategy, stock market analysis, and more. You can sort out courses based on topic, additional material (videos, lectures, Q/A), department, and difficulty level.
Short Online Alternatives: Fortrade and IG Academy
If you’re looking for a quick go-through resource to skim relevant information, you can try the following:
Fortrade
A fast way to recap and exercise your skills, Fortrade provides simple and quick guides on essential trading topics like CFD trading in Forex. Furthermore, it lets you execute and practice your newly acquired trading skills with the help of a demo trading account.
IG Academy
Similar to Fortrade, the coursework offered by IG Academy is slightly lengthy. The platform seeks to provide users assistance on many topics dealing with trading (including trading CFDs) in the form of online courses and live sessions.
Hybrid University Programs: Columbia, Harvard, and More!
Many universities around the world are now offering both online and in-person education, allowing you to learn from the top professionals and faculty in the world. We’ve shortlisted a few institutions for you to take a look at:
Columbia Business School Executive Education: The institution offers programs that cover the basics of investment and management in trading (including trading CFDs).
Harvard Business School: With a renowned faculty and a strong alumni support program, their new online coursse can be a great way to study business and finance, training you for the bigger picture.
New York University: The university offers a degree in Master of Science in Quantitative Finance program that includes studying CFD trading as a part of the course.
University of London: UCL’s global MBA program can aid you in learning key concepts regarding forex, margin, leverage, and stocks, giving you a basic knowledge and understanding of how the market works.
Just a heads up, it’s worth noting that the courses are not typically offered at universities. However, they cover finance quite extensively, which is just as important for trading CFDs. Hope that helps!
Final Verdict
While many online platforms and resources offer a trading course in CFD trading, only a handful stand out with their exceptional (and complete) collection of learning materials, curriculum, tools, and content. We hope this guide will help you pick the course that suits your needs the best.
Remember to consider the following questions before starting a trading course:
- What is the length of the course?
- Is the schedule of the course coinciding with your routine?
- What are your weak spots, and does the course cover them?
- Who is the course instructor, and what is their background in CFD trading?
- Is the course suitable for your level? (Beginners, Intermediate, Advanced)?
- Are there any practical/live sessions demonstrating the objectives of the course?
- What are the reviews of the previous candidates who attended the course?
- Does the platform offer a simulator or demo account to practice CFD trading?
- Does the course cover important topics such as technical analysis, trading strategy, stocks, margin trading, and forex market analysis?
You can personalize and narrow down your options by asking yourself these questions.
FAQ
Most frequent questions and answers
No. CFD trading is illegal in the USA because it is between two independent parties and does not involve regulated exchanges (there is no buying or selling of commodities under government regulation). However, you can explore other options, such as CFD trading in crypto; learn more about them here.
Yes! CFD trading is probably the most profitable trading option, requiring minimal investment capital and generating significant returns! However, it comes with substantial risks, and you could also lose a lot of money.
CFD trading is a highly volatile source of income and should not be considered a permanent source of income. Unless you’re an expert in the field and are confident your future performance will pay your bills, it is best to avoid making it a professional career.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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