New to Trading and Short on Cash? There are Still Options to Get Started
It’s easy to get discouraged when it comes to stock trading because it involves a decent amount of capital to actually get started, but luckily there are many free resources to help anyone begin educating themselves and learning the basics.
For example, there are many stock trading websites that offer free email lists, blog posts, free trials, sneak peeks, discounts, watch lists, chat room invitations, special reports, etc. Then there are the paper trading platforms that can help you practice a strategy risk-free, discount brokerages to reduce costs, charting software for technical analysis, and news sources for keeping up to date with the markets. Here’s a list of some free resources below:
Trading Psychology:
Trading Composure
Financial Dictionary:
Investopedia
Paper Trading Platforms:
TD Ameritrade’s paperMoney | Investopedia’s Stock Simulator
Trading Journal:
Profit.ly
Brokerages:
Robinhood (No Minimum Deposits or Commissions)
How to Pick the Best Stock Trading Broker (Top 5 List)
Charting Software/Technical Analysis:
Finviz | Stock Charts | Bar Chart | StocksToTrade
Biotech Catalyst Event Database:
BioPharmCatalyst
Podcast:
Trading Story | Steady Trade
News Sources:
Yahoo Finance | Business Insider | The Street | Market Watch | Seeking Alpha | The Wall Street Journal
Conclusion:
There are countless other options for obtaining information and educating yourself as well. One of the best methods is through YouTube videos. You can also study technical analysis with the help of Steve Nison, research potential brokerages, or look up service reviews. All it takes is a simple Google or YouTube search.
Educate yourself and then put that knowledge to work. If you have any recommendations for beginners that you think should be added to this free resources page, please feel free to Contact Me.