Top 5 Recommendations
Congratulations on taking a big step towards higher returns and financial independence! I bet your excited to hit the buy and sell buttons and watch the money pile up. And I also bet that you want to sidestep those crazy market crashes and the doom and gloom that often dominate the news. As a 20 year trading veteran, trader trainer and coach, I’ve seen a lot of eager and enthusiastic aspiring traders stress out way too much, and simply do not have enough fun learning how to trade because they are worried about money.
Fortunately, those traders that work with me have the time of their lives because I make sure they stay within their financial comfort zone and build their trading muscles using a lot of the same tools I’m sharing with you below!
Resource #1: NinjaTrader Software Platform
Use the free, fully functional version of this fantastic trading platform. You get to see charts and place simulated (and eventually live real-money) trades so you can test your observations, ideas and skills in a risk free setting. Trading platforms and data together can often cost anywhere from hundreds to thousands of dollars a month.
Their free version has everything you need and the paid version is an incredibly good deal that you only need to pay for when you want to and are ready for it. Regardless of whether you get their free or paid version, their support team is fast and super helpful.
Resource #2: Kinetic Data Feed
Most traders quickly find out that trading software is a combination of a user friendly interface and the quality, speed and reliability of the data that shows up on it. Kinetic has a fantastic offering and for those who are just starting up they have an excellent end-of-day market data service that works in combination with NinjaTrader.
I used their free service for years and it’s all many traders need to produce excellent analysis and trades. My personal style of trading requires their paid service and I can vouch for quality.
Resource #3: FXCM Forex Platform
Foreign exchange or FOREX trading does not have to be your first draw to trading. However, every trader can benefit from a liquid marketplace with product characteristics that improve risk management. That’s what the Forex pairs at FXCM help traders do. Their free demo accounts work brilliantly and really help a trader striving for excellence practice with access to intraday price action.
Resource #4: TAS Market Profile Trading Tools
Most price charts show us where the price of a financial instrument (stocks, Forex, futures, etc.) show us where the price has been and the volume below it shows us how much activity happened at any given time. Step up to the tools that the pros use and see the precise price where the high trading volume happened. The best volume-at-price tool is made by the TAS Market Profile company and I’ve arranged for you to have this particular tool 100% free. It’s powerful analysis with no strings attached.
Resource #5: Your Own Trader Bookcase
One of the most important things traders can do is to feed their mind, increase their knowledge and improve their perspective. The online world is great and there are also lots of time tested and widely acclaimed books that every trader should read including:
It pays to follow success. Use these for your own trader development, and let me know how else I can help you with your trading. I look forward to being part of your trading journey as an instructor, guide or coach.
Don’t forget to sign up for the Wealthy newsletter, so I can be in touch with more trading tips via email. And you can always reach out to me on social media.
Trade well, live well and most importantly — be well,