Stock trading is a very difficult career and it is especially difficult for beginners just starting out. The jargon is confusing! The stress can be overwhelming. I still vividly remember the significance of placing my very first trade – I was so nervous and excited. I know what it is like when you are starting out – risking huge amounts of capital, expensive Charting Software and even broker fees can all add to the stress of Stock trading. Luckily for new stock traders there is a plethora of FREE stock trading resources for you to use and benefit from.
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FREE Stock Trading Resources
Some stock alerts newsletters have free email lists to offer bonus incentives for signing up to the email list or newsletter. Often there is some very valuable perks. Free trial offers, massively discounted offers, superb stock watch lists, educational webinars and special reports.
FREE EMAIL NEWSLETTERS:
JASON BOND PICKS TOP STOCK PICKS BIOTECH BREAKOUTS PENNYPRO PETRAPICKS
Any one of these newsletters can provide you with free insights into expert traders weekly stock picks. The expert stock traders often give an overview of the market, with thoughts on recent news etc. that might influence particular sectors or markets.
PAPER TRADING PLATFORMS:
Investopedia’s Stock Simulator
ThinkorSwim
Paper trading platforms are often free and a very valuable tool that allows you to practice a strategy risk-free. I highly recommend paper trading before you start with real money.
FREE BROKER:
RobinHood
As a new stock trader it is very important to cut your costs associated with buying and selling trades. These costs can be $10 everytime you buy shares and another $10 when you sell those shares. It is paramount that you use a discount brokerage to your reduce your operating cost. Trust me it adds up quickly! Robinhood does not charge for any trades, has no hidden fees and I have found it to be very reliable. It enables secure, fast and reliable trading for FREE from your phone. Robinhood has no commissions and no minimum deposits. This is game changing!
CHARTING SOFTWARE:
All traders need to use charting software for technical analysis, planning and managing their trades. You can pay for very complicated, powerful charting programs but honestly the ones below are FREE and more than adequate. I have used them all for years and highly recommend them all.
Finviz
Stock Charts
Bar Chart
Other FREE Stock Trading Resources
Try this free trading course if you want to learn how to swing trade stocks.
NEWS SOURCES: Yahoo Finance , Business Insider , The Street , Market Watch , Seeking Alpha , The Wall Street Journal
If you are new to trading and confused by all the jargon then perhaps you would benefit from book marking Investopedia
Conclusion
I hope that you find some of the free resources on this page to be useful as you continue your stock trading journey. Education will make all the difference in the stock trading business so please make sure you learn all you can! Take massive action and good luck to you!
Wesley.
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