There are many places you can go for day trading information. Many of them aren’t worth much, as they are simply a shell of a site designed to sell you some sort of miracle trading software that will supposedly make you rich.
The first place I point any newbie looking for online stock trading information is Investopedia. As the name implies, it’s an online encyclopedia full of investing and trading information. It’s definitely the best place to start if you have questions like
- What is a stop loss?
- What is an opening range breakout?
- What is a stock?
- What is an option?
- How do I trade stocks online?
- Where can I learn how to read stock charts?
Etc. Investopedia will answer many of the basic “definition” type questions you might have. All their posts are interconnected so you could spend days there browsing the trading information, clicking from one entry to the next.
Here’s a novel concept; try your local library, or bookstore. They have stacks and stacks of these things our ancestors called “books” with pages and pages of information that has been verified and copyright protected. There are so many day trading books, and books for whatever type of trading you do, that to list them all would be a futile effort.
However there are some books that I can recommend for any type of trading or investing. One is Mark Douglas’ “Trading in the Zone.” You will find this book on any trader’s list of favorites because it’s a classic about trading psychology that never gets old. You can read it 100 times and gain a deeper understanding and respect for the information every time.
I also recommend anything written by Dr. Steenbarger. He is the man when it comes to trading psychology, and like “Trading in the Zone,” it is the type of information that will make you a better trader, no matter what type of trading you engage in. And getting back to online trading information, Dr. Steenbarger has a free trading psychology blog that he writes on at least once a day, and it contains more useful information than any other place I have ever found.
You are also going to need stock trading news, and I use Briefing.com for real-time trading news. Briefing.com is a live news ticker that shows quick bites of information related to specific stocks as well as the market as a whole. It cuts out all the garbage you might find on news sites, because they are not simply trying to generate lots of content, they are providing you with laser targeted information so you can make the split-second decisions required for intraday trading. You can also scan large news sites, like The Wall Street Journal. In addition to news related to specific stocks, they will also have broader and more general information that you may be able to use.
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