Every trader and investor has a variety of tools and services they use to trade stocks, conduct research & analysis on individual stocks alongside the overall market.
Below is a list of various resources that I have used and recommend. I will be adding to it as I test new solutions, and I’ll likely reference this page fairly often.
Here is a list of those services and sites that I use.
Recommended Brokers, Services, Tools and more…
If you want to learn how to trade stocks, then this is a great place to go. For only $97 you get life-time access to over 30+ hours of video lessons on trading stocks.
I recommend Suretrader for anyone trading with a smaller account (below 25k) and who wants to day trade to avoid the Pattern day trader rule. Since this broker is based in the Bahamas it removes many of the regulations governing traders in the USA. I also recommend them to international traders as they have the ability to trade stocks from the US markets.
SpeedTrader is the sister company of SureTrader. I have used SpeedTrader for a number of years now, and so far my experience with them has been excellent.
Stock Filtering & Scanning Software
I use EquityFeed to find stocks to trade. It is a great stock screener tool to find trading opportunities. If you trade penny stocks frequently this software is very essential. Their OTC stock list is updated faster than any other I’ve seen. It is also great for NASDAQ and NYSE stocks.
Their scanners & real time filtering is awesome as you can filter stocks by price, by volume, etc. EquityFeed is a requirement to becoming self-sufficient when you’re a day trader.
When you trade stocks, you should always document your trades, thoughts and experiences in a trading journal. A trading journal is a great tool so that you can go back and review your trades and analyze what worked and what did not work.
You can just write down your trades manually in some sort of trading diary or you could use an excel spreadsheet. There is also software out there to help you to record trades. Here is a few I recommend:
- Trading Journal Spreadsheet – www.trading-journal-spreadsheet.com
- Tradervue – www.tradervue.com
- StockTickr – www.stocktickr.com
– Japanese Candlestick Charting Techniques by Steven Nison