In this time of global recession (you know it’s coming right?!) I thought of compiling useful material for you.
STOP watching screaming parrots on youtube! 😉
EDUCATE yourself! It’s the only way to prepare for an uncertain future.
In a “not totally logical” order, so don’t scroll to the bottom right away…or do!
This is by far the best analysis on S&P500 you can obtain: every day and for FREE!
It lasts 20′ and it’s usually done 10′ before US market open, it even gives a trade plan, just tune in on his youtube channel.
If then you like what you see, as I did, you might decide to enrol with his service at Convergenttrading : you are not going to find better levels for futures anywhere else! They also provide an indicator for NinjaTrader, SierraChart and more so all the levels are automatically inserted in your charts and updated daily.
But who is this Futurestrader71? Great question! I haven’t got the answer, but I found a very good interview.
2 options here..actually 3:
Get all the economic and finance news streamed live and even READ OUT LOUD for you by Financialjuice so you never miss that Donald’s tweet that will mess out your trade in 5″ from now!
It’s true It happens! All the time nowadays unfortunately! This is trading too…
You can customise what kind of news you’d like to see, by market, by source, it’s amazing.
Its competitors ask for hundreds of $ a month for similar services, no idea why this is still for free…enjoy!
I also have a page dedicated to the economic news with a specific angle towards the news that the Funders want you to avoid while trading their money: I find it very useful to check daily so I avoid losing the funded account due to a silly silly mistake.
I stumbled upon Trading Composure some time ago, I find it a unique very honest project: I followed his “The Psychology of risk for traders” FREE mini course and found it very interesting!
And between you and me: his courses are real cheap at the moment, grab them before he grows and rises the price tags, it’s good quality material, really.
Yvan I want to collaborate WRITE ME BACK pleeeease! and you boys and girls please let him know you found his great website thanks to my tip!
Probably the best most powerful web based charting and trading platform is Tradingview. But it’s also a place where to get your live economic news, a social platform, it’s better than anything else I’ve ever tried. So I keep my free account with a few charts, but from time to time I also purchased the pro service, for now it’s enough to know that you’ll never feel stuck, it’s very powerful. And it works of course everywhere, great for travelling.
Dr Brett Steenbarger is possibly the most experienced traders psychologist out there today!
His blog is the most read on the web (and it surely isn’t so because of fancy graphics) and his books should be on your bedside table at all times, I’ve read only “The daily trading coach” and I found it amazing and incredibly clear, direct, practical.
So thanks to Journalytix for sharing this webinar, this material isn’t easy to get hold of so, enjoy!
Ray Dalio is an American billionaire investor, hedge fund manager, and philanthropist.
A bit of personal growth here and financial education, in his Principles.com website you can find his “Principles for navigating big debt crisis” book for free, the Principles App for iOS and coming soon Android, and also the animated series, linked here on the right, enjoy!
Investopedia is an American website based in New York City that provides investing and finance education along with reviews, ratings and comparisons of various financial products. There is just so much free info on their website, whenever you have a doubt about something more or less technical just check them out, either the economy section or the dictionary section will surely be of help. Oh yes and beautiful animated videos available too of course…
Babypips is one of the most popular websites for free education on forex trading, technical analysis etc you truly get everything you need out of this, no need to spend big bucks on other basic courses, and it’s very well organized, with quizzes and all the rest.
Save your money, and once you are done with this you’ll have a good idea of what you like and dislike about trading, if it is for you or not, then you might want to invest in seminars or strategy courses by traders you believe in, or a great live trading room on Market Profile trading like Will’s, time will tell you what resounds with you.