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This page provides links to
sites that I have found useful in my education while "Learning
to Trade".
For quality education in
Options Trading on the US market I recommend Options University
Courses and programs. To learn about the Mastery Series program and
other training provided by Webinars, Workshops and Seminars click this
link: Options University
» Free sites
» Courses
» Software
» Trading Platforms
» Trading Books
Free Sites
For Stock and Option Traders convenience I have provided links to the
Major Stock Exchange sites that they are likely to use and also to the
Yahoo Finance
sites in the same country.
The Stock Exchanges offer many free resources including basic education
to trade the markets. Click on the links to open a new page to the
site. You may find it useful to bookmark this page.
Australia
ASX - The Australian Stock Exchange
Yahoo Finance Australia
Incredible Charts
SpaceJock
Hong Kong
Hong Kong Stock Exchange
Yahoo Finance Hong Kong
Japan
Tokyo Stock Exchange
Yahoo Finance Japan
Singapore
Singapore Stock Exchange
Yahoo Finance Singapore
Johannesburg, South Africa
Johannesburg Stock Exchange
Yahoo Finance South Africa
Toronto, Canada
Toronto Stock Exchange
Yahoo Finance Canada
United Kingdom
London Stock Exchange
Yahoo Finance UK
USA
New York Stock Exchange
American Stock Exchange
Nasdaq Stock Exchange
Chicago Board of Options Exchange
Yahoo Finance USA
Acharta Free Stock Charts
Courses I have done and recommend for
their professional approach:
- David Schirmer's Basics of
Charting Home
Study Course
- David Schirmer's Advanced
Trading
Techniques, now called the Professional Trader's Workshop
- Daniel Kertcher's Options
Trading course,
Prosperity Power
David Schirmer's Basics of Charting Course teaches the Fundamentals of
Technical Analysis and provides you with a proven proprietary stock
trading system that has been thoroughly backtested. Graduates of this
course are supported by a Forum of like minded people interested in
developing their trading skills. Coaching and a monthly Report on the
Top 100 ASX stocks are also available to graduates to assist them to
develop their self confidence and become profitable.
The Advanced Trading Techniques Course, now called the Professional
Trader's Workshop, builds on the knowledge gained in the Basics course
and introduces CFD's, Cycles Theory, and Geocosmic trading methods.
Daniel Kertcher's Prosperity Power course introduced me to a set of
option trading strategies using Covered Calls and Puts. His teaching
utilised his Options Trading game "Call Up and Put Down" which
simulated live trading in an entertaining and constructive learning
style. He also provides additional more advanced courses that can be
studied at home.
Software I use and recommend:
This Australian software is in
continuous development and now includes
a Trade Tracker and System Tester as well as Scanning facilities and
Portfolio Management. It is available in different packages according
to your level of Technical Analysis skills. The software has been
developed in conjunction with several Australian Educators and specific
tools are available for the strategies taught by them.
- Professional Edition
- Gann Analyst Edition
- Astrological Edition
This software offers tools to cover the
charting requirements for
Technical Analysts of many different styles, and is designed so that
you can tailor it to your personal requirements. A thirty day moneyback
guarantee is offered on the product.
The tools are supported by a comprehensive knowledge base that explains
each tool and its use, and provides a support base for the customer to
solve most common frequently asked questions. Anything not resolved
through the knowledge base help system can be submitted to Technical
Support for resolution of the problem. I have found them quick to
respond and resolve any difficulties that I have encountered.
The software team behind it are working on yet another upgrade. All
three editions will be able to do charts in three dimensions, allowing
you many different ways of viewing your charts. To see what is coming
in October go to: Market
Analyst Version 5 Training
This Australian software is also in
continuous development and provides
periodically updated Fundamental Data on ASX stocks as well as a broad
range of indicators and tools. The point and click approach to applying
a broad range of tools to the charts is easy to master and enables the
user to get a quick appreciation of the technical position of the
stock.
It provides a Trade Planner that can be used to quickly calculate
expected profits from probable stock price movements in shares and
CFD's whether trading long or short. Special tools can be added such as
IC-Optimiser and the Elliss Big Money index to improve your stock picks
to trade.
Both Market Analyst and IC-Investor can provide data packages for their
software. Both offer data from the major stock exchanges. They can also
read data in Metastock format if you choose your own data supplier.
Using their individual data source will give you faster downloads and
processing. I like both packages and usually use them in parallel when
researching stocks for trading and investment. The strengths of each
package are complementary, and switching from one to the other provides
both technical and fundamental information on any stock on the ASX, and
the Trade Planner assists by automating calculations. Both incorporate
scanners to pick out stocks that meet specific criteria for analysis.
The Top 2 Software based Online Brokers as ranked by Barrons are:
Think or Swim
This is the platform recommended by Options University to all their
students as the best options trading platform.
Interactive Brokers
The Top 2 Web Browser based Online Brokers as ranked by Barrons are:
TD Ameritrade
OptionsXPress
There are many different CFD platforms available now as more providers
enter the Marketplace. This is making it very competitive and most are
offering incentives for your business. This can include:
- A free trial for a short
period
- Free training sessions on
how to use the
product
- Free charting packages
In the article "Choosing
a CFD Trading Platform"
I have outlined the key issues for you to evaluate a CFD platform.
Below are links to well known CFD providers.
MARKETMAKERS
There are differences between Marketmakers, and you should READ the
Product Disclosure Statement carefully to identify them. The terms of
Service varies with the provider. These can and do change over time.
The competition in the marketplace to obtain and keep clients is
undoubtedly a major factor in this dynamic market.
- CMC CMC
Markets
- IG Markets IG
Markets
- GFT Forex GFT
Forex
CMC is a Marketmaker as the software platform name implies. They have
made
significant improvements to their platform this year and
now provide extensive training and charting facilities to their
clients.
IG markets advised that they do support the order placements by buying
or selling shares in the market, but that it is not a straight through
process and occurs after the initial action is completed.
GFT Forex is a US platform and can offer it via a downloadable
program Dealbook 360 or a Web Browser Dealbook Web. As its name
indicates it was developed to trade Forex, and CFD's have been added to
it. They also provide an excellent charting package for technical
analysis when trading. They offer training and additional services such
as Di Napoli Fibonacci methods to customers for a fee.
The list below are using a common
platform from the SAXO Bank in Denmark with their own "Front Ends". The
SAXO Bank platform is excellent and provides a very good range of
charting facilities for use by the customer. I am not sure if they
offer a Marketmaker model and a Direct Market Access model. This may
depend on the particular provider.
DIRECT MARKET ACCESS PROVIDERS
If my understanding is correct then the Direct Market Access providers
MAN Financial and E*Trade are using the same platform with their own
"Front Ends", but their terms of service may differ.
See the Trading Books page for a
detailed list.
For Australian Traders I use and recommend the Educated
Investor Bookshop.
Educated Investor Financial Bookshop
For American Traders I recommend Amazon.com
Buying locally will lower your postage costs.
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