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, most newsletters offer free email lists that will provide incentives for signing up, along with many other perks, such as free trials, sneak peeks, blog posts, discount offers, and the occasional watch list, chat room invitation, and special report. 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:
Free Newsletter Email Lists:
Jason Bond Picks | Petra Picks | Penny Pro | Biotech Breakouts | Raging Bull
Paper Trading Platforms:
TD Ameritrade’s paperMoney | Investopedia’s Stock Simulator
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
News Sources:
Yahoo Finance | Business Insider | The Street | Market Watch | Seeking Alpha | The Wall Street Journal
E-Books:
7 Costly Mistakes New Traders Make and How to Avoid Them By Jason Bond
Simple 4-Step Guide to Your First $1,000 Trading Stocks By Matt Thomas
Biotech Catalyst Event Database:
BioPharmCatalyst
Trading Psychology:
Trading Composure
Podcast:
Trading Story | Steady Trade
Trading Journal:
Profit.ly
Financial Dictionary:
Investopedia
Conclusion:
There are countless other options for obtaining information and educating yourself as well. One of the best methods is through YouTube videos. A lot can be learned from watching free videos produced by Jason Bond of Jason Bond Picks or Kyle Dennis of Biotech Breakouts, for example. 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 YouTube or Google 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.