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In academic affiliation with Carnegie Mellon University
Institute of Algorithmic Tradingand Applied Computational Finance

One of the Institute's three study paths

The trader path

How to become a trader when you start from nothing: three semesters, from how markets and orders work to the habits of a desk trader. For discretionary, manual and prop traders and for complete beginners. No programming at any point.

The path, stage by stage

  1. Start with a free course

    How to Start Trading, Is Day Trading Gambling? and What Is Drawdown in Trading? are free and short. Take them before you pay for anything.

  2. Semester one: the Foundation Certificate

    Markets and orders, the full cost of a trade, charts, day trading, stops and position sizing, edge and luck, psychology and the trading journal.

  3. Semester two: the Intermediate Certificate

    Technical analysis with its evidence, price action, swing, intraday, news and options trading, evidence-based thinking and the written trading plan.

  4. Semester three: the Advanced Certificate

    Order flow, futures, momentum, global macro, fundamental analysis, how bank and prop traders think, prop firm evaluations and overtrading.

  5. The Diploma in Professional Trading

    The three certificates together, ending in a six-month simulated trading business assessed in writing by two faculty members. Each certificate you pass counts toward it.

The trader path answers a plain question: how to become a trader without a finance degree and without learning to program. Most routes into trading offer either a regulatory exam for people who deal for clients or a video course that sells setups. This path teaches what professional traders actually do, in the order they learn it: what a trade costs, how to size it, how to keep an honest record, how to test an idea by hand, and how a trading desk limits and reviews its traders.

Each semester ends in a certificate with a proctored exam for every course and an assessed capstone on a simulated account. No money is risked during study. Whether you trade real money afterwards is your decision, and every capstone is designed to give you the record to make it.

Credentials on this path

Questions applicants ask

Do I need any knowledge or a degree to start?

No. The path assumes school arithmetic and the use of a spreadsheet. No degree is needed, and no course on the path asks you to write code.

How long does the trader path take?

Each semester is 640 hours of courses, four months at 160 hours a month, followed by exams and a capstone. The full Diploma is three semesters and a 160-hour capstone. Courses you have already passed shorten the route.

Can I move to the practitioner path later?

Yes. Traders who later want to automate their methods can continue on the practitioner path, which teaches Python from the start in its Foundation Certificate.