Trading Course Aims To Reducing Loss Among Young Traders

Shruti Tripathi Aug 27, 2024

According to the SEBI report the proportion of traders under 30 years of age has grown to 48 per cent in FY 2022-23 from 18 per cent in FY 2018-19

India’s population constitutes the highest number of youngsters who are aspiring for big dreams and have immense zeal for making money. This young population established their dominance in every sector; sports, music, startups and academics. Indian youth are not only the most eligible service providers but also a huge and fertile market for every other global company. From lifestyle brands to the F&B industry to travel, Indian youth are consuming goods and services that also imply India’s booming economy.

A recent study by SEBI revealed that 7 out of 10 day traders in the cash segment of the stock market experienced losses in FY 2023-24. Further, 76 per cent of the traders under 30 years old made losses, the highest for any age group. The proportion of traders under 30 years of age has grown to 48 per cent in FY 2022-23 from 18 per cent in FY 2018-19.

However, the significant number of losses also implies towards the thirst among youngsters to earn money quickly. Many times, this desire to make money easily and quickly often led them to heavy loss.

Umar Punjabi, a forex influencer and the driving force behind The Alpha Trader, came up with the launch of his latest course, Zero to Alpha 2.0 which promises to be a torchbearer for aspiring entrepreneurs, offering extensive information and valuable insights to navigate the complexities of the financial markets and business landscape. With BW Businessworld, he shared the inspiration and new topics covered in the new course.

What inspired you to update the original "Zero to Alpha" course and create this new version?

The inspiration behind "Zero to Alpha 2.0" came from the feedback and requests from our community. The original course, "Zero to Alpha 1.0," was well-received, but as the trading and business landscapes evolve, so do the strategies and knowledge required to navigate them. I wanted to build on the success of the first course by incorporating the latest industry trends and developments, as well as deeper insights that could provide even more value to participants.

How the new types of topics covered in the new course will benefit the youngsters?

The course spans a wide range of topics designed to build a solid foundation for young aspiring entrepreneurs. We cover everything from basic trading principles to complex strategies, and even delve into business acumen. One key feature is the section on developing and backtesting trading strategies. This allows participants to create their own strategies and test them independently, which is crucial for gaining an edge in the market.

How do you see "Zero to Alpha 2.0" impacting the trading community and aspiring entrepreneurs?

I believe "Zero to Alpha 2.0" will have a significant impact by empowering individuals with the knowledge and skills they need to succeed in trading and entrepreneurship. The course is designed to be a comprehensive resource that not only teaches trading techniques but also instills a strategic mindset. By providing an updated and in-depth understanding of the market, we aim to help participants make informed decisions and develop their own successful trading strategies.

What are your future plans for expanding or evolving your educational offerings?

My goal is to continue evolving our educational programs to meet the needs of the trading community. We are always looking for ways to integrate new insights, technologies, and methodologies into our courses. Additionally, I’m exploring opportunities for more interactive and personalised learning experiences, such as workshops and mentorship programs, to further support and guide our students.