Online Training for Stock Trading
Ever since the introduction of self-directed stock investing, traders have looked for a system that is both profitable and easy to use. Nowadays with the Internet, it's easy to find online training information for stock market investing, but the question is how to separate the valuable stuff from the garbage. There are several reliable sources that are completely free.
Other People Are Reading
-
Forums
-
EliteTrader.com is a good place to start your education. This is the most popular online trading forum where both amateurs and professionals hang out. Read through some of the threads where some of the more experienced traders keep records of their trades, and look through the ratings for brokers, books, software and trading courses. It's a great place for a newbie trader to ask lots of questions and get solid advice, because no affiliate links are allowed so nobody is trying to sell you anything.
Free Courses on Technical Analysis
-
BabyPips.com and TrendTrading.info are two good places to get free on line courses. BabyPips is focused on foreign-exchange markets, but the information is still applicable to stocks and commodities. It goes over useful indicators, patterns, and tools to use when trading. Although TrendTrading.info is focused on stocks, it also can be used for any of the other markets. Both courses are completely free.
-
Books and Courses
-
A good place to find a great selection of books, and DVD courses is TradersLibrary.com. Not only does it have the widest selection of traders' educational materials, but it is also at the lowest prices. If you are just starting out, there are a few books that should be mandatory reading. Jack Schwager's Market Wizards series is a good place to begin. In this three-book series he interviews the best traders from the 1980s, 1990s and 2000s, and he shows you how they started out and eventually became successful.
Online Encyclopedia
-
Investopedia is the best place to go if you have specific questions about terminology. It has an extensive trading encyclopedia as well as a free simulator for those that want to hone their skills without risking real money. Investopedia also offers ongoing competitions so you can test yourself against other traders. It also has lots of tutorials, and free articles to build your investing knowledge with, as well as the latest news about the markets.
Fundamental Analysis
-
A good place to learn about fundamental analysis is at Investors.com. It uses a time-tested method of analyzing stocks based on William O Neill's analysis of thousands of stocks in his book "How to Make Money In The Stock Markets In Good Times And Bad." Basically you enter the ticker symbol, and based on several criteria, it returns a grade of A to E. As of early 2010, a one-month subscription to the site cost $19.95.
-
References
- Photo Credit stock market analysis screenshot image by .shock from Fotolia.com
