Trading over the Web has proved to be a ‘dynamic’ job. You should be on the ball and ensure that you stay on top of things every day. Traders who have a long and better understanding and have been investing for the long term usually follow a more hands-off approach as they day trade and the swing traders mainly rely on day-to-day fluctuations that take place in the market.
With literally hundreds of trading software suites, books, and professionals accessible out there today, it has turned out to be a full-time job just to ensure you stay on top of all the advice and opinions. As a result, traders generally prefer relying solely on software suites on a specific individual’s recommendations – which can be quite risky. In my opinion, for a trader to be well diversified in their stock analysis is as crucial as being well diversified in the trading market.
There are some amazing resources for traders that they just cannot go without as an investor. There are three that professional traders use on a daily basis and do not prefer trading without them. Not even the fanciest programs in the world come close.
- com
This is an amazing resource for traders and they can look up to it for any technical analysis. It is easy to browse through, providing an immense amount of stock screeners. Moreover, it also helps create an exceptional graph with only a push of a button. Whether you prefer plain old line graphs or candlesticks, StockCharts can do it all for you! The stock screener tool is also quite helpful.
- Google Finance
This is one of the best things that Google has ever brought to the World Wide Web. Moreover, it is commonly considered as the place to find the latest financial news on the Internet. If there is any financial news taking place anywhere in the world, Google Finance is where you get to see it first. You can also set up an alert which is one amazing approach to help you stay on top of things as they occur.
- Investopedia
This portal is more like the Wikipedia of trading. With literally hundreds of tutorials and thousands of articles, and numerous tools this proves to be an incredible resource for traders who want to learn to trade online. It is one of the best resources for traders for almost every aspect of trading and the best part is that it is available for free. The portal also has an amazing newsletter that is beneficial for staying up-to-date with all the latest trading news.
So, what are you really waiting for? Browse through these best resources for traders and see how easy online trading can be.