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Commodity Trading Courses

Monday, November 20, 2006

Many traders believe that, for those who wish to acquire or enhance their knowledge of day commodity trading skills, the best educational option is to attend a day trading course at an on-location site run by a reputable day trading firm. However, for many aspiring day traders, this option may not be feasible for a number of reasons. Another option is to take a day trading course in a "virtual classroom," by signing up at one of several online sites that offer such courses. Before signing up for an online course, make sure that it covers the most important day trading topic areas. At a minimum, a course should cover the following subject areas:

Trading terminologies that find and identify suitable stocks for day trading. Other topics should cover how to use trading software, the types of orders for trade execution, common trading mistakes and how to avoid them, Information should also show you how to interpret Nasdaq Level II screens, risk management strategies, technical chart analysis, the role of market makers and direct access trading, etc.

The following provides brief descriptions of four popular sites that offer online day trading courses or seminars: Daytrading University offers an online course aimed at those wishing to develop skills in day trading of Nasdaq stocks. The course content is organized into eight modules, each having over 15 separate lessons. The lessons include chart screen shots, other illustrations and offer a number of day trading tips and techniques.

Pristine.com offers a series of online seminars on various day trading techniques and strategies presented by way of streaming video and dynamic slide presentations. Online attendees have the ability to see and hear instructors teach each lesson.

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