Stock market trading has always been an exciting venture. Buying and selling stocks for profit was undoubtedly one of the first popular investment forms, even before currencies were traded. Nowadays, traders have many tools to analyse the stock market and spot excellent deals with minimal risks. These resources can be used by novice traders who want to learn more about the subject and seasoned professionals who wish to adopt their approach. You can look at this site for more information on this.
Great Tools You Can Use?
Real-Time News
News is a great place to start when beginning to analyse the market. Real-time news can be found from popular news sites like Bloomberg and WSJ. This gives an excellent understanding of what is going on in the world at all times, which means you will know if any significant events could affect the performance of certain stocks.
Economic Calendar
An economic calendar will give you a list of economic announcements and events that may affect stock market performance. It also provides information about how these developments came about and their impact on the market. This way, you become well informed before making decisions. The website http://www.forexfactory.com/calendars/ has pages for many different economies.
Stock Screener
Keeping up with a new tool can also be difficult, so some popular screener bloggers aggregate data into one place on the internet, making it easy for you to find out information about various tools quickly and efficiently.
You can make use of a stock screener to find stocks that fit your criteria. You can choose from different filters such as industry, fundamentals, and performance. This tool is helpful if you already have an idea of what type of company you want to invest in or you would like to narrow down your options. Some great sites for doing this are http://www.morningstar.com/Screener/, http://ycharts.com/new/stock_screener, and http://finviz.com/.
What Are Some Great Resources?
Knowing where to begin when looking at the market can be difficult for new traders, but many excellent tools help them get started. Using these common resources allows you to look at the market in new ways and develop a unique strategy for trading stocks successfully.
Stocks on the Move
This website keeps up with all of the significant movements in the market throughout the day by aggregating data from multiple news sites into one convenient location. This is great for finding out what is happening immediately or seeing what just happened near the end of a trading day. Popular sources used are Bloomberg, WSJ, RTT News (http://www.rttnews.com), and MarketWatch (http://www.marketwatch.com).
Stock Related Blogs
It can be challenging to keep up to date with the market, but specific blogs make it easier to stay informed. You can subscribe to them and receive their posts in your email or view them directly from their website while logged in. This way, you will know what is happening at all times.
Financial Websites
Many financial websites provide information on all sorts of stock market-related topics, such as investment strategies and analysing the latest trends in the market. Popular sources for this kind of information include Investopedia (http://www.investopedia.com/), MarketWatch (http://www.marketwatch.com), Forbes (http://www.forbes.com/), SeekingAlpha (https://seekingalpha.com/) and BusinessInsider (http://www1.businessinsider.com/).
Stock Market Simulation Sites
Some websites have stock market simulators that allow you to practice trading stocks using virtual money. Some people use these to teach themselves how the market works, while others use them as a way of testing out their theories before putting them into practice with real money. Popular sites for this are http://www.simplywallst.com/, https://titanchartscapital.com/, and http://www.sensible-investing.com/.
Stock Forums
If you find yourself with specific questions about a particular stock or the way the market works, consider asking other users on sites like http://www.finforum.com/. You will often receive quick responses from people who have been trading stocks for a long time and may be able to give you insight into how best to move forward or answer specific questions that would take too long to ask someone.
