Stock Investment Software and Other Trading Resources
If you plan to invest in stocks or other securities, you will need to invest some time and money in stock investment software and other trading resources. The better educated and equipped you are for your investment activities, the greater will be your likelihood of long term success. Tools you need to look into include basic investment and trading education courses, resource materials for fundamental analysis, historical and real-time charting software, and software for creating and managing trading systems and money management systems.
You can acquire trader education materials and courses at bookstores, at your public library, and online. You should learn what you can about investing and the various investment vehicles on your own before you spend a lot of money on paid courses and advisory services, although those items will certainly be a valuable part of your investment training in due course. You can find some high quality training courses online for free that offer introductory material on the basics of investing and trading before you spend money on more in-depth courses.
After you have formulated your own personal investment strategy, you can find valuable advisory services online that fit in with your personal trading style. These can be newsletters with basic research and ideas about stock fundamentals, or services that provide technical analysis and real-time trading recommendations. Just remember that your trading decisions are your responsibility and don't rely too heavily on outside sources for advice.
Once you are ready to put real money into the markets, you can find a good broker, including discount brokers, that will provide most of the trading software you need for your operation. Most brokers offer free charting software and research services to their clients, and many offer ongoing training and resources for money management.
Learn everything you can before you spend a lot of money on training and software. Then you will know exactly what you need to buy as you get started investing in the real markets.
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