Top 10 investment resources for Novice Investors

Top 10 investment resources for Novice Investors

We have scoured the internet to locate the top 10 resources that individuals can use to improve their trading skills significantly. These tools will help you form a more informed decision. Do not listen to so-called market experts like most of them do not know what they are talking about.   What you need to do is educate yourself so that you are in a position to differentiate useful information from Crap.  The internet has made it incredibly smoothly for fools to claim their experts and these individual take advantage of the situation because they know that the masses have not taken the time to educate themselves when it comes to investing in the markets. It is your hard earned money do not let fools guide you into the wrong investments.

The first thing you want to understand is market sentiment; the masses are the ones that drive the markets.  Hence understanding mass psychology is key to your investment success.

Sites that provide sentiment data

NYSE Breadth

Sentiment Survey From AAII site 

These links will give you the latest Economic data as well as upcoming economic events such as CPI, PPI, Unemployment numbers, etc.

Economic News 

Economic News & Charts 

The best way to make money is to invest in the strongest sectors and the most reliable stocks in areas. This site helps you find that information.

Sector Strength

Bar Charts 

Another way to find the best stocks is to list the criteria you are looking for. for example, companies with strong quarterly earnings, strong quarterly revenue growth,  Low P.E, etc. make the best long-term investments.

One of the Stock Screener

Finviz Stock Screener 

This site will provide you information regarding upcoming earnings.  In general, it is not a good idea to open a position before earnings are released unless you are sure that company is going to do well. One way to find this information is to monitor the business news releases. Sometimes the Ceo will come out and state that the outlook is excellent, and the product or earnings to date are higher than normal.

Earnings Info 

Yahoo Earnings Calendar 

Technical analysis can greatly enhance your stock market returns as it provides you with information as to when a stock is overbought or oversold. Overbought mean that too many people are jumping into the stock and vice versa.  This site will provide you with the information you need to understand the basics of Technical Analysis. Then you can move over to the resources that are listed below.  Always remember that the best time to buy is when the masses are panicking and the best time to sell is when the crowd is jumping up and down with Joy.

Technical analysis for beginners

Incredible Chart

A Great online source for Charts 

Big charts 

Free Charting software

Stock Analyzer 

This is a great place to paper trade.  With a portfolio tracker, you can track your performances and see if you are getting into the right stocks at the right time. Paper trading provides you with the opportunity to test your trading skills. Only when you win more than you lose, should you look to commit some money to the markets?

Portfolio Trackers 

Free Portfolio Tracker from Google 

Video of interest: -Introduction in Mass Psychology (a must watch!)

Other interesting information