Key Trading Resources
The Internet is filled with great information, bad information and specific information overkill. One can spend weeks, all trading site.
As Below are just a few websites that we think provide some information that may be useful to use your strategy. Of course there are many forums, chats, articles, etc. that you can pursue, but be careful that it does not end up changing the way you act (if there is already a success) or that you do not end devotes too much time chasing information overkill.
Honestly, all you really need these components:
1.Your Strategy / Course / System Website
Ideally, the you chose to focus on an approach that will give your in different market conditions, time frames and markets. You can find this and then put in time to master it and you will be put in long time.
2.Your Broker Website
Nothing too exotic here. Your broker tends to have some good resources, and of course you must go there to account maintenance, downloading, or log on to the trading platforms and forms of withdrawal (hopefully profit!) and deposit (to make more back), etc.
3.Your Trading Platform
Now this could be something your broker provides, or you can subscribe to a third party charting and quote provider. There are many ways go here, but you want to make sure your chosen platform is top-notch. This is not a place to cut corners.
4.An Economic Calendar
Whether you're day trading or swing trading, you should know what the news might affect your trading. There are many on the Internet – http://www.Forexfactory.com is a favorite with us for its structure and ability to see past days and weeks in case you want to back test.
5.Trading Books
It's probably wise to look at some training, off line. Reading a trading book apartment can add to your knowledge and make you a better negotiator. A pair of all-time favorites include:
Trading in the Zone – Mark Douglas
Trading for a Living – Alexander Elder
Reminiscences of a Stock Operator – Edwin Lefevre
Bringing Down the House: The Inside Story of Six MIT students took Vegas for Millions – Ben Mezrich (shows you how just a little to put the odds in your favor can be so strong)
Extraordinary Popular Delusions and the Madness of Crowds – Martin Fridson (understanding crowd mentality that pushes prices up and down)
Market Wizards and The New Market Wizards – Jack Schwager
Amazing Life of Jesse Livermore – World's Greatest Stock Trader – beaten Richard
There are many great books. You can always go to Amazon.com and get notifications from others before wasting your time and money – and again, no information is overkill. Indeed, we typically recommend that you avoid any books that attempt to teach strategies systems, charts and so on. Go to self-improvement, good stories and motivational books in finance, but when you have a strategy that works for you, not doing it up with a thousand other approaches.
It really is. Too many end up with every waking hour between their trading and all the websites, strategies, systems, analysis, market feeds, breaking news and so on. It is not necessary. Remember, we do this to spend the least time possible to become the most successful.
About the Author
Mark Soberman of NetPicks provides additional free trading information, forex and futures signals along with the free “30 Minute Guide to an Optimized Trading Life” e-book at http://www.netpicks.com/BetterTrading.html
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