1. Formal Education (Degrees & Certifications)
- Bachelor’s Degree in Finance, Economics, or Business
- Many traders start with a degree in finance, economics, or business administration.
- Top schools like NYU Stern, Wharton (UPenn), or University of Chicago offer strong finance programs.
- Master’s in Finance (MSF) or MBA with a Finance Focus
- Advanced degrees provide deeper knowledge of financial markets, quantitative analysis, and risk management.
- CFA (Chartered Financial Analyst) Certification
- While not trading-specific, the CFA covers portfolio management and securities analysis.
- Series 7 & Series 63 Licenses (for professionals working at broker-dealers)
2. Proprietary Trading Firm Training Programs
- Some firms (like SMB Capital, Jane Street, or DRW) train new traders in-house.
- Focus on technical analysis, risk management, and algorithmic trading.
3. Online Courses & Trading Academies
- Udemy, Coursera, Khan Academy – Offer beginner to advanced trading courses.
- Investopedia Academy – Covers stock, forex, and options trading.
- Bear Bull Traders, Warrior Trading, Investors Underground – Paid communities with live mentorship.
4. Self-Education (Books, YouTube, Simulators)
- Books: “Market Wizards” (Jack Schwager), “Trading for a Living” (Dr. Alexander Elder).
- YouTube Channels: Rayner Teo, The Trading Channel, SMB Capital.
- Paper Trading Platforms: Thinkorswim (TD Ameritrade), TradingView, Interactive Brokers.
5. Specialized Trading Schools & Bootcamps
- Day Trading Bootcamps (e.g., Humbled Trader, Bulls on Wall Street) – Short-term intensive courses.
- Technical Analysis Courses (e.g., CMT Certification – Chartered Market Technician).
6. Algorithmic & Quantitative Trading Programs
- MIT, Stanford, or Carnegie Mellon offer quant-focused courses.
- QuantInsti, CQF (Certificate in Quantitative Finance) for algo trading.
Key Takeaways:
- Retail traders (individuals) often learn through online courses, books, and practice.
- Professional traders may have finance degrees or firm-specific training.
- Quant traders usually have strong math/CS backgrounds (STEM degrees).