20 top Online financial resources on becoming a better trader
We have listed a plethora of online trading resources below and yes they are all free. These resources will provide both the seasoned and novice investors with information to help you in your in your quest in becoming a better trader/investor.
One should attempt to understand the basics of technical analysis and market sentiment tools, as both these tools could greatly improve your odds of success in the markets. When it comes to trading its the calm and informed investor that always catches the worm as opposed to the bullet. Pay also to the psychology of the masses as it provides valuable data in terms of gauging whether a market is close to putting in a top or a bottom.
Technical analysis is an art and not a science, as many would have you believe. Thus, if you just memorise techniques written in books you will have understood only one aspect of Technical Analysis; you will learn the meaning of the tools based on someone else’s definition of what it is supposed to do and what it is not supposed to do.
No one person can tell you exactly how all the tools work, granted some individuals have invented specific tools and hence are authorities on that specific tool but they are not authorities on every Technical Analysis tool out there. Even the TA tools they have invented can be adjusted to suit your trading or investing requirements; the settings in all TA tools should be adjusted and tweaked till you find one that you can work well with.
The best method when it comes to Technical Analysis is to use a combo of TA tools 1-5, this way you are not relying on one indicator alone; as the saying goes practice makes perfect so keep at it. Over time, looking a the technical pattern of a stock will become second nature.
We hope you find the list of free trading resources we have compiled to be of use