Every Canadian who’s serious about trading should consider education a necessity, not an option. The financial markets are complicated, ever-changing, and unpredictable. Trading without sufficient education is like trying to fly a plane without proper training, and is guaranteed to end in disaster.
That said, there are numerous courses available for Canadians seeking trading education. Sadly, not all of them deliver on their promises. Some offer shallow or generic content that can never help you transition to the next level. You must sift through the ton of available options and pick the right one. Here’s a step-by-step guide to help you do that.
Step 1: Define Your Trading Goals
Before exploring the courses available in Canada, be sure to define your trading goals. Prepare a list of everything you want to achieve, such as trading stock CFDs and earning X returns on a monthly or annual basis. With clearly defined goals, you can easily identify courses that are tailored to your needs, like trading courses in Canada with Avacademy. Searching for learning materials without a clear understanding of what you want to achieve will only lead to wasting valuable time skipping from one course to the next.
Step 2: Determine Your Skill Level
After defining your educational and trading goals, evaluate your skill level. Undertake an honest and thorough self-assessment. Check your understanding of everything from basic terms to complex strategies.
Also, factor in your trading experience and your ability to accurately predict how events such as tariff changes affect the market. Rank yourself as either a beginner, intermediate, or advanced trader, and look for a course that matches your skill level. That is the surest way to ensure you enroll in programs that won’t either overwhelm or underprepare you.
Step 3: Vet the Course
Not every course out there is effective or trustworthy. Some are shoddy programs with poor or outdated content. Others are managed by instructors with no trading experience or track record. Vet every option carefully before committing.
First, check each program’s reputation on independent sites like Reddit and Trustpilot. Then, review course content and curriculum. Position yourself to succeed by selecting reputable courses with relevant content and curriculum that will equip you with foundational knowledge of currency pairs. Avoid those with clear red flags, negative reviews, high-pressure sales tactics, and aggressive upselling.
Step 4: Review Cost and Value
You shouldn’t pick courses based solely on price; that is why this should be the last step. In the world of online trading, the value of courses can never be determined by how cheap or expensive they are. There are numerous free courses with high-quality materials, and vice versa. The best thing to do is compare what you invest vs. what you get. If you focus on pricing alone, you might end up splurging on programs that won’t teach you any valuable skills.
Final Thoughts
Choosing the right trading course should never be solely about going for the flashiest or priciest option you come across. Ensure that every option aligns with your trading goals and skill level. Furthermore, vet every course based on aspects like reputation, content, and instructor credibility. After completing one course, test your knowledge with a demo account. If what you’ve learned doesn’t help you generate consistent profits, go back to educating yourself until you’re ready to transition to live trading.
