Investing > Best Courses for Day Trading

Best Courses for Day Trading

Day trading is complicated—and most traders lose. Turning to a day trading course, and learning from a pro, is becoming increasingly popular.

By
Reviewed by
Updated February 18, 2022

All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com. Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website. Click here for a full list of our partners and an in-depth explanation on how we get paid.

Here’s a good question: How do you make a million dollars?

Well, there are two ways to make money in this world: Adding and multiplying. ➕ ✖️

Considering how big an average paycheck is, if you add leftover money to a savings account every month, the progress will be slow. But if you use that leftover cash and multiply it by a small percentage every month, that’s a whole different story—these small increases add up, and they are what generate real wealth.

So, how do we multiply our money? 🤔

One of the most accessible ways of doing this is through trading in the stock and forex markets. And day trading in particular is the most active, hands-on approach to growing your finances—especially in very volatile markets that have been the norm in the recent past

But beware! This approach made a few people rich but has made a lot more aspiring traders lose money. The overwhelming majority of traders step into the markets without any significant prior education or experience, partly because they are misinformed by fake gurus and shady finance influencers on social media—and the consequences of this are often dire.

The thing is, day trading can be confusing at first—but a good course can explain it and provide you with a ton of examples and real-life challenges to help you become one of the few pros in a sea of novices. In this article, we will discuss what some of the best and most popular day trading courses today offer, how they can realistically help you make money in the markets, and whether they are worth their weight in gold.

Top Day Trading Courses

Here’s our list of the best courses specifically for day trading:

  1. Bear Bull Traders
    Best Overall
  2. WarriorTrading
    Best for Advanced Traders
  3. Timothy Sykes
    Best for Penny Stock Trading
  4. Asia Forex Mentor
    Best for Forex Day Traders
  5. Bullish Bears
    Best Price/Quality Ratio
  6. Udemy
    Best Prices and the Largest Array of Courses

1. Bear Bull Traders: Best Overall

bearbull traders

Since this is a top list, we have to start it with a course that has everything. Whether you are a complete beginner or an intermediate trader looking for advanced strategies, Bear Bull Traders will have something for you—their courses cater to all skill levels.

Pros

  • Very comprehensive and understandable lessons
  • Two-tier pricing system
  • Access to a vibrant trading community
  • Users can practice on a paper trading platform

Cons

  • Fairly expensive
  • Trial membership costs $39/month
  • Vast majority of features are only available with an elite membership
Visit Bear Bull Traders on Bear Bull Traders’ website

The man behind this brand is Andrew Aziz, a well-known trader with a philosophy of working smart before working hard. The course itself is rather engaging—students get video lessons, transcripts, as well as access to webinars that teach about everything from the basics of stock and forex trading to trading psychology and options. 

All in all, the courses come in a handy package, are easy to understand, and are very comprehensive—but that is not the biggest advantage of Bear Bull Traders. These courses are very popular, so they have a very lively community around them. Day traders from all walks of life exchange ideas and comment on lessons, which gives you a living, breathing interactive course of sorts.

To top that off, Bear Bull Traders provides users with a paper trading platform they can use to trade in the markets using virtual money. That way, you can learn, and then practice your skills in a simulation with no way to lose money if you make a mistake.

Speaking of money, Bear Bull Traders have two subscription options worth checking out: One is the basic package ($99 per month) which only gives you access to the community’s chat rooms and basic trading courses. And then there’s the elite package that gives you advanced lessons, as well as mentorship and lessons on trading psychology. 

The second package is more pro-oriented and costs a hefty $199/month, but you can get an annual subscription for $1,999. Moreover, if you find a discount or a coupon, the price can drop down to $1,199. All in all, Bear Bull Traders isn’t the cheapest course, but it has everything from good educational material to a live community that can help you learn how to day trade and provide you with ideas you can use.


2. WarriorTrading: Best for Advanced Traders

warrior trading

As the name implies, Warrior Trading can make you into a force to be reckoned with in the markets. These courses are well known for being very clear and comprehensive, especially when it comes to high-level and niche trading strategies. 

Pros

  • Huge selection of lessons and webinars
  • 1-on-1 mentorship and a wide array of lessons for advanced traders
  • Paper trading platform
  • Two-tier pricing system
  • Three-day trial period

Cons

  • Very Expensive
  • No lifetime access to any of the courses
Visit Warrior Trading on Warrior Trading’s website

The creator of the course is one of the happiest-looking day traders in existence, Ross Cameron. As an individual and as the face of his brand, Cameron has been hailed as a great teacher, giving Warrior Trading a great reputation and a devoted audience.

This reputation is not unearned—Warrior Trading courses cover just about everything related to day trading you can think of including how to deal with the psychological challenges of trading and has a vibrant online community where students and teachers interact and help each other. However, this course comes with a serious price tag.

There are two tiers of membership here. The Warrior Starter Program—the cheaper option—will teach you all the basics and give you access to chat rooms and a paper trading platform. The first month of the starter program will set you back $997 but each month after that is only $197, but you can also get a free 3-day trial to see what’s what before buying.

On the other hand, the annual subscription for the premium package—the Warrior Pro Program—is a heart-chilling $5,997, but gives you access to live mentorship as well as all the webinars and any recorded content that exists on the website.

All in all, Warrior Trading is a course that can build a devoted student up from scratch and turn them into a pro but it isn’t the cheapest option for more casual traders. The service is pricey and doesn’t give you lifetime access to your lessons, so it is most suited for people who want to take a deep dive into advanced topics such as day trading with options.


3. Timothy Sykes: Best for Penny Stock Trading

timothy sykes

Usually, day trading comes with a high degree of potential risk and reward—but if you’re trading penny stocks, everything becomes every profit and loss becomes more emphasized. Timothy Sykes, who is probably the most famous penny stock trader around, got rich using this risky strategy and made a course that focuses on this high-stakes game. 

Pros

  • Competitive prices
  • Huge amount of educational material about penny stock trading
  • Access to a live chat room and trading alerts

Cons

  • Only focuses on penny stocks
  • The marketing style might seem dishonest and act as a deterrent
Visit Timothy Sykes on Timothy Sykes’ website

The course offers access to video lessons, mentorship, as well as online forums where a big community of penny stock traders can exchange ideas and strategies. All in all, this is a solid course that focuses on penny stocks specifically, but not much else.

However, the price tags of Sykes’ courses are much easier on the eye and on the cardiovascular system—the cheaper option is a reasonable $75 per month ($697 for an annual subscription). For this price, you get some educational content but also access to Sykes’ chartroom as well as his stock alerts. This makes the $75 option more suited for experienced traders who want a helping hand with their trades, rather than beginners.

For a full course, you need to pay $150 per month or $1,296 yearly but you get access to thousands of video lessons with over 400 hours of penny stock-related content. This is a niche, but extremely comprehensive course that includes new weekly lessons and occasional trading challenges that add a sense of liveliness to the whole experience.

The only potential drawback of the course is its marketing. Even though Timothy Sykes is a legitimate expert trader and a lauded teacher, his marketing angle includes the classic “money guru” persona with a mansion, fancy cars, and talk of absolute financial freedom—but also charity, which gave Sykes the reputation for philanthropy.

But there is very real, tangible value behind that persona. Penny stocks are one of the few inexpensive assets in today’s overpriced stock market—and if that is what you find interesting, this course is probably the most comprehensive and adequately priced way to learn the craft of trading volatile stocks.


4. Asia Forex Mentor—One Core Program: Best for Forex Day Traders

asia forex mentor

As one of the leading forex traders around, Ezekiel Chew developed the so-called One Core program after having more than 20 years of experience as a trader and analyst. The idea behind this course is that it can take you from being a complete beginner to becoming an expert in forex day trading strategies that have the highest success rate. 

Pros

  • Very comprehensive, high-quality video lessons
  • Competitive price
  • Lifetime access

Cons

  • Only focuses on forex day trading
Visit Asia Forex Mentor on Asia Forex Mentor’s website

Basically, the course tells you what works best statistically, and focuses on that. The One Core program does this through 26 comprehensive lessons on different topics with various sub-topics that students can explore—these lessons are professionally-done videos with all the pizzazz of modern video editing.

Even though most if not all principles of day trading can be applied to all markets, this course uses examples from the forex market, which is Chew’s forte. This way, students can become familiar with the markets before they finish their education and start rolling.

The pricing system is simple: You pay $997 once and get lifetime access to the One Core program. Moreover, you can try it out for free for one week and cancel your order if you’re left unimpressed, so there’s no pressure—and it is not uncommon to run into a discount every now and then. 

And if you really like the course and want something extra, you can join the Golden Eye Crew—this gives you access to live streams where Ezikiel works in real-time explaining his workflow and strategies. This extra service is subscription-based and costs $118 per month or $1,200 if you get the annual sub. 

All in all, the reputation of the tutor, the comprehensive nature of the course, and its focus on the most profitable day trading strategies make this course a perfect fit for an aspiring forex trader. Also, since Asia Forex Mentor offers a 1-week free trial, lifetime access to all content, and has a very fair price-to-quality ratio.


5. Bullish Bears: Best Price/Quality Ratio

bullish bears

Not unlike the aforementioned courses, Bullish Bears offers comprehensive lessons, chat rooms, live-streamed trading sessions, and many handy trading tools. Although the scope of these lessons isn’t as huge, Bullish Bears make up for it with a price that blows everyone else out of the water.

Pros

  • Competitive price
  • 14-day free trial
  • Solid selection of lessons
  • Supporting tools include a trade alert service

Cons

  • The selection of lessons is not as broad as in more expensive courses
  • No mentorship feature
Visit Bullish Bears on Bullish Bears’ website

Namely, a monthly subscription costs $49, and if you get an annual sub, it will only cost you $300. What’s more, this course offers a 14-day trial, so you can really dip your toes into the water before jumping in.

The course might not be as comprehensive as its fiercest competitors or include advanced features like one-on-one mentorship, but the lessons you get are still very valuable. Bullish Bears cover everything from the basics to advanced trading instruments like futures and options contracts.

Moreover, the course also includes lessons on how to passively invest extra cash and you get to practice all that you’ve learned on a paper trading platform. The website also provides trading alerts—these trading signals provided by expert day traders can help newcomers see what the pros are doing in real-time and make a buck while doing so.

Bullish Bears are the more cost-efficient option here and it is also a very popular one. This course has gained a lot of attention in the past few years—this is probably due to the fact that it is very affordable, and yet, sufficiently comprehensive and valuable for new traders.


6. Udemy: Best Prices and the Largest Array of Courses

Udemy

The online academy Udemy is a learning platform with courses on just about anything you can think of from programming, cooking, music, and even day trading. Some courses are average and some are fantastic—you just have to look around a bit to find what’s perfect for you.

Visit Udemy on Udemy’s website

Pros

  • Most courses cost as little as $10 when there is a sale
  • Very frequent discounts
  • Lifetime access to all courses
  • Wide selection of different courses with video lessons

Cons

  • On average, courses are not as comprehensive
  • Courses lack advanced features like webinars, mentoring, and paper-trading platforms
  • Users need to do a bit of research before finding out the best course for their needs

Although most individual day trading courses won’t be as comprehensive as the aforementioned services, Udemy comes with two major upsides: When you buy, you get lifetime access to a course and everything is incredibly cheap.

Even though some courses have price tags that go up to a few hundred bucks, Udemy is well-known for having huge discounts all the time. You’ll usually find a $200 course for as little as $10 or even $5—and even if you don’t, it’s usually just a matter of waiting around for a while before the discount season comes again.

The best-sellers in the day trading category commonly have up to 10 hours of video lessons with quizzes and comment sections on each video that let you ask the teacher anything that was left unclear in the lesson. They don’t give you access to a big online community of traders or one-on-one mentorship like some more expensive options, but all the information is there.

To figure out which course is the best for you, you can take a look at the table of contents and customer feedback before buying anything—whether it’s forex or stock trading, Udemy has a bit of everything. All in all, Udemy offers very low prices, making it very well suited for aspiring traders who want to learn without spending too much money right off the bat.


How Exactly Does Day Trading Work? ☀

In short, day trading is when you make trading on the stock or forex market your day job. For the U.S. stock markets, you get up and go online before they open, which is at 9:30 a.m. ET, and you call it a day at 4:00 p.m. come closing time. And, you do this every day.

Aside from the $25,000 minimum capital requirement, the main trouble with day trading is that it is time-consuming and requires a lot of attention and dedication. Traders tend to close all their trades before ending their session each day, so very precise short-term strategies are the name of the game here.

Essentially, this means that a trader will only profit from very small price fluctuations that happen within a trading day—this means very small gains unless you use a lot of capital or leverage your trades (which is dangerous). That’s why traders often use options and other derivatives to enter big positions with relatively little cash invested upfront. 

All in all, without going much more into detail, we can draw some wisdom from this information: Day trading requires capital, knowledge, and dedication, and even so, it can be very risky. All things considered, this is the one trading method you can’t go into without preparation—it takes too much money and energy to be done wrong, so learning about it can pay a lot, literally.

Why Would a Beginner Need a Day Trading Course? 📚

OK, so day trading is more complicated than dumping all your money into Crocs stock and waiting for the whole world to embrace the truth which is rubber footwear with holes. But luckily, you don’t need to know everything there is about trading—you just need to master the basics of day trading, as well as a few advanced strategies that work for you.

And, that’s why trading courses are so handy. The right course can give you the theoretical framework for any given strategy and it can tell you how to practice. Now, practicing with hypothetical scenarios in a trading course is not the real thing—but it will make the real thing make much more sense.

Namely, day trading involves technical analysis, which means recognizing trading patterns and using them to predict what’s going to happen. Now, there are a billion of these patterns, and you have to identify them quickly while trading because you’re trading small, short-term price swings—opportunities will disappear if you don’t jump on them quickly.

Needless to say, this is something you really need a course or a book to learn—this is knowledge that’s been gathered by traders over decades and it is not exactly intuitive (unless you’re a math genius 🧠). Moreover, whether it’s stocks or forex you’re after, a good course can help you understand technical indicators, hedging trades, and budgeting—these are all crucial for any day trader.

⚠️ Warning: Most forex day traders lose money—by some estimates, up to 90% have negative returns. This is why hedging forex trades is a key skill among veteran traders.

What Makes a Good Day Trading Course 🏆

If you’re convinced that you want to get a day trading course, that’s great! Now, the only thing you have to do is pick out a course among the hundreds that you can find online—many of which are by no means worth their weight in gold (or in fiat currency, for that matter). So, let’s take a look at a few criteria which will help you figure out what day trading course is the perfect match for you.

A Good and Honest Teacher 👨‍🏫

Although TikTok is a good source of valuable, wholesome information about all things in life, it is a terrible place to look for financial advice. Essentially, if the person teaching you is more concerned with getting views than making you into a great trader, they will skip all the boring and difficult stuff in their lessons to make their courses more appealing.

This might be an extreme example, but the thing is, this boring and difficult stuff is often what separates the small minority of profitable day traders from everyone else—and that’s exactly what you need to learn. 

To gauge the value of a course, look at the teacher: Do they have a lot of experience? Are they successful in their own right? If they are, that’s a good first step—but this info can be manipulated, so we need a bit more convincing to be sure our teacher is legit.

So, we need to take a look at what the teacher is promising. If someone is telling you that you’ll be making crazy profits in the first few months of your day trading career, that’s a red flag—day trading requires patience and a cool head and is far too unpredictable to expect great results right off the bat.

And finally, we should always consider what other clients say about the teacher. A master trader with a great reputation is a much safer bet than someone that’s not been tried and tested—otherwise, you can run across unreliable trading advice which is rampant on the web nowadays.

Understandable Lessons 👨‍💻

We’ve all had that one teacher in school that is super knowledgeable but can’t teach to save their life. Naturally, even though someone may be an expert, that doesn’t mean they are a good teacher.

This is fairly obvious, but the thing with everything finance-related is that it can often be discouraging. Finance uses a lot of spooky terminologies which can be a handful, even for experienced traders. 

Consequently, some trading courses are so confusing and needlessly complicated that it makes them unsuitable for beginners. People often start a course, see that they can’t understand what’s going on, and come to the conclusion that it’s their fault, and not the teacher’s. 

We can say from experience that this is seldom the case—trading isn’t that complicated if it is explained well. So before buying, check out user comments and see if other students are happy with the teacher’s execution. 

Many young traders have entered the markets in the past few years, and they are by-and-large self-thought exactly because the subject of finance is usually taught in a boring way. But a good teacher can truly defy the norm when it comes to student engagement.

Supporting Educational Tools 🛠

A living, breathing teacher is way better than a video lesson for one simple reason—you can ask questions. Most good courses on almost anything nowadays allow students to ask their teacher questions, either through a direct chat option or through a comment section where the whole community can talk about the course.

We would say that this feature is a requirement. What’s more, most pro traders frequent online forums where they talk about advanced trading strategies—which is kind of the same thing. Advanced courses even offer one-on-one mentorship and similar features that are invaluable to curious students.

All in all, being able to communicate, ask questions, and ask for opinions from experts is extremely valuable for newbies and pros alike.

💡 Keep in mind: Many of the top stock brokers have a plethora of trading tools and educational content that can really help new traders.

The Course is in Your Niche 🎯

Bruce Lee said that a man who practiced one kick a thousand times is more dangerous than a man who practiced a thousand kicks once, and the same logic applies to day trading. This is a very broad area with countless different strategies you can use—but you can’t use them all. 

Every beginner course will teach you the basics but after that, each course can have a different focus. For the sake of not giving yourself a massive headache, it is best to focus on a strategy that suits you most and stick to it, at least for a while. So, before signing up for anything, make sure it meshes well with your life and that it is something you like and understand.

For example, if you see how forex brokers world-round are reporting increased trading volumes, you might want a course for that. If you want to take advantage of the volatile stock markets where passive investing seems less reliable than before, get a course for that—it all depends on what you resonate with the most.

What to Keep in Mind Before Buying a Day Trading Course 📝

Some courses are great and some are a waste of time and money—and most of them probably belong to the latter category. Moreover, there’s a lot of marketing involved, so very few courses will tell you how devoted you really have to be to become very good at day trading.

Therefore, to get the most out of your investment, you need something that works and you need to be realistic about what you’re getting into. Here are a few tips to help you figure out what’s realistic and what some of the main red flags of trading courses are.

Reasonable Price 💵

Don’t pay obscene amounts of money for a trading course. Nowadays, top-level courses cost up to a few thousand dollars but you can find reasonable lessons for as much as a few bucks if you find something good on sale. 

If you see an expensive course that promises to turn you into a day trading master in 3 weeks, better stay away. The world of finance is full of scams—especially in forex where day traders are much more numerous. All in all, day trading isn’t easy and doesn’t offer quick rewards, so keep away from anyone that says they can give you some day trading cheat code.

💯 Pro tip: Broker commissions and fees can impact your bottom line dramatically in forex trading—consider using a top forex broker to make sure you get the most out of each trade.

Capital Requirements 💰

Day trading stocks can be expensive—if you want to take on the U.S. stock market, you have to be recognized as a pattern day trader (PTD) according to FINRA’s rules. This means that you have to have at least $25,000 on your trading balance at all times if you wish to open and close more than 4 trades over the course of 5 days. 

Things work a bit differently in forex trading. Namely, regulation is different everywhere, but you generally won’t have to worry about capital requirements. One thing you need to check is what your broker and government say about day trading forex and make sure that you stick to any rule they have in place.

Keep Away from Courses that Promise too Much ⚠

As we explained earlier, there are quite a few dishonest day trading courses that make grand claims to get investors’ attention. Professional day traders usually invest up to 1.5% of their portfolio each day, so their daily returns are not huge percentage-wise. 

Even if most of your trading days are net positive (which is very, very rare) you won’t make a fortune without a very sizable trading balance. So, don’t let a day trading course with the biggest promise mesmerize you—teachers who make realistic promises are usually the ones who know how trading works in real life.

Theory is Not a Replacement for Experience 💬

Learning is crucial and practicing with a demo account before investing real money is always advised for beginners and even advanced traders who want to try something new. However, as soon as real hard-earned cash is on the line, the game changes completely.

The best traders are not necessarily the ones who know the most about technical analysis, but the ones that approach every new challenge with a cool head and a rational plan. Trading psychology is a huge factor here—no course can really prepare you for the emotional rollercoaster you have to ride every day as a trader, so make sure to always factor that into the equation. 

The Learning Curve is Steep ⏳

In a sense, day trading is like making a pizza—you can read and think about it all you want, but the tastiest pies can only be made by those with experience. It takes a while to develop the golden touch.

Similarly, there are a million little things that make a good trader—research, hedging, meticulous planning, etc.—and you can’t pick all of these up with a single course. A good day trading education is just a starting point, and it will not make you into a full-fledged pro. 

Losses Are Part of the Game 📉

You win some and you lose some—but as long as you win more than you lose, everything is good. Even expert traders have many trading days or even months where they end up with a net loss. It is perfectly normal to lose.

This is something you need to keep in mind even if the course you’ve taken doesn’t say it explicitly. No course will turn you into a trader who is profitable every day, and it doesn’t have to—a big part of this profession is keeping a cool head and proceeding as planned even when there are a lot of red numbers on your computer screen.

Conclusion 🏁

As we can see, a good day trading course needs to be more than just a list of theoretical info and examples you need to learn. The best teachers create a whole community around their courses that encourage traders to interact with each other, making day trading into a lifestyle for students.

In summary, Bear Bull Traders and Warrior Trading are by far the best options for students who want to receive a comprehensive education—as well as real trading experience—and enter the markets as skilled traders. 

On the other hand, Bullish Bears and Udemy offer courses that are not as comprehensive but are dramatically cheaper. This makes them an easier buy for students who are just starting out and want to take it one step at a time without spending hundreds of dollars right off the bat. 

And finally, Timothy Sykes and Asia Forex Mentor provide some of the best courses on penny stocks and forex trading respectively—making them a perfect fit for any trader who wants to specialize in one of these areas.

All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com. Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website. Click here for a full list of our partners and an in-depth explanation on how we get paid.

Cookies & Privacy

The Tokenist uses cookies to provide you with a great experience and enables you to enjoy all the functionality of the site.