On this page you’ll find some of the trading tools, websites and books that have helped me on my journey.
I’ve organised it so that my favourites are at the top. These are the tools and services that I use the most. Where possible I have used my own affiliate links – any purchase you make helps to support this site.
Trading Tools I Trust:
#1. For Charts, Screens And Analysis
Finviz stands for financial visualizations and I use it every day without fail. I’s an incredible website where you can screen for stocks, look at heat maps and see what’s been happening in the markets. Although most of the features are available for free, I actually recommend paying a little extra for Finviz*Elite.
For around $25 a month you get access to real-time stock quotes and data (including pre-market data), advanced technical charts (including intraday charts), sophisticated visualisations and correlation algorithms. If you are interested in intraday and pre-market charts, this is a great value service.
Finviz*Elite has the most powerful stock screener online with a huge amount of filters and now comes with a back-tester where you can simulate strategies on 10,000 stocks. I highly recommend Finviz*Elite and it is by far and away my favourite trading tool!
#1. For Backtesting
The Finviz back-tester is OK for testing out ideas but for serious back-testing you need something slightly more powerful. I tried lots of different options when I was looking for a back-testing software and the best was Amibroker. Incredibly, it was also the most affordable.
You can do almost anything you want with Amibroker, from running 20 year backtests on historical data, to portfolio optimisations, walk-foward analysis and automated trading. It’s an incredibly fast and flexible solution. The programming language (AFL) can be a little difficult at first but it’s worth the effort once you’ve learnt the basics.
Norgate Premium Data
#1. For Historical Data
Once you have back-testing software the next thing you need is some clean and reliable data. Free stock data, from sources like Yahoo and Google, is so full of holes it can be damaging to your wealth so it is imperative to pay some money for a good provider.
Norgate Premium Data has an experienced team dedicated to keeping their data clean and up to date. There’s several different packages of historical data available and they’re compatible with many platforms including Amibroker, MetaStock, Trading Blox and TradeStation.
I use Premium Data for back testing all of my trading systems and am very happy with the quality and the service. Norgate now offers an alpha test package that includes historical constituents and this is an incredibly helpful feature for dealing with survivorship-bias.
#1. For Trading Ideas
As a trader, you should be spending as much time as possible looking for new trading ideas and that’s why Quantpedia is so powerful.
The website contains an impressive collection of quantitative trading strategies and comes from the same people behind Finviz. The service contains over 300 different trading strategies many of which are pulled from academic papers and finance journals.
I’m a fully paid up member and many of my most profitable trades have been thanks to strategies I found on Quantpedia. See my full review of Quantpedia here.
#1. For News
Accern is a real-time AI platform that notifies you on important stock-related stories curated from 300 million public news, blogs, SEC filings, and social media websites.
It works a bit like Twitter but the data is more highly targeted. I’ve been using it to identify early trading opportunities. With the right amount of experience and some careful application, I think there is huge potential in Accern and it’s available at a reasonable price.
There’s also a 14-day free trial for you to demo the service.
Trade Ideas Pro
#1. For Trade Alerts
Trade Ideas Pro uses artificial intelligence to scan, identify and then present the best trading opportunities in real-time. It’s a very smart product that won best in class at the Benzinga Fintech awards 2015 and for good reason.
Essentially, Trade Ideas looks at what’s happened in the market over the last 60 trading days, runs statistical analysis and then spits out the strategies which are most likely to be profitable for the next trading session.
The product uses optimisation and Monte Carlo techniques to reduce the impact of randomness and only presents strategies with a success rate above 60% and a Profit Factor above 2:1.
As well as Trade Ideas Pro, there is the Oddsmaker, another powerful application which allows you to run your own intraday analysis and find trading edges without the need for programming knowledge.
It’s worth mentioning that these are both premium products and fairly expensive but they have the power to greatly improve your trading performance.
It’s worth signing up for the free demo to see if it’s what you are looking for:
If you want to know what brokers I trust, I have a separate page for that which you can find here: recommended brokers.
Even More Resources:
Market comment & opinion
Real-time data & news
Books (Macro) (Recommended first)
Concise Guide to Macroeconomics Moss, David A. (2007). ** Recommended **
Adventure Capitalist: The Ultimate Road Trip. Rogers, Jim. (2004). ** Recommended **
The Research Driven Investor: How to Use Information, Data and Analysis for Investment Success. Hayes, Timothy. (2000). ** Recommended **
Street Smarts: Adventures on the Road and in the Markets. Rogers, Jim. (2013). ** Recommended **
Fundamental Analysis and Position Trading. Bulkowski, Thomas N. (2013).
Hot Commodities: How Anyone Can Invest Profitably in the World’s Best Market. Rogers, Jim. (2007).
The Snowball: Warren Buffett and the Business of Life. Schroeder, Alice. (2009).
The Alchemy of Finance: Reading the Mind of the Market. Soros, Geroge. (2003).
Soros on Soros: Staying Ahead of the Curve. Soros, George. (1995).
Books (Investing/ timing)
Buffetology. Buffet, Mary and David Clark. (1999). ** Recommended **
Security Analysis. Graham, Benjamin. (2002). ** Recommended **
One Up On Wall Street. Lynch, Peter. (2000). ** Recommended **
The Little Book That Still Beats the Market. Greenblatt, Joel. (2010). ** Recommended **
The Art of Short Selling. Stanley, Kathryn. (1997). ** Recommended **
Financial Times Guide to the Financial Markets. Arnold, Glen. (2011).
The Ascent of Money: A Financial History of the World. Fergus, Naill. (2012).
Common Stocks and Uncommon Profits and Other Writings. Fisher, Philip A. (1996).
Financial Statement Analysis: A Practitioner’s Guide. Fridson, Martin S. and Fernando Alvarez. (2011).
The Intelligent Investor. Graham, Benjamin. (2005).
How to Read a Balance Sheet: The Bottom Line on What You Need to Know about Cash Flow, Assets, Debt, Equity, Profit…and How It all Comes Together. Makoujy, Rick. (2010).
Financial Times Guide to Using and Interpreting Company Accounts. Mckenzie, Wendy. (2003).
How to Make Money in Stocks: A Winning System in Good Time or Bad. O’Neil, William J. (2009).
Dow Theory for the 21st Century. Schannep, Jack. (2008).
Irrational Exuberance. Shiller, Robert. (2006).
The Basics of Understanding Financial Statements. Skonieczny, Mariusz. (2012).
Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism. Akerlof, George and Robert Shiller. (2010). ** Recommended **
Extraordinary Popular Delusions and the Madness of Crowds. Mackay, Charles. (2013). ** Recommended **
The Misbehavior of Markets: A Fractal View of Financial Turbulence. Mandelbrot, Benoit and Richard L. Hudson. (2005). ** Recommended **
The New Money Management: A Framework for Asset Allocation. Vince, Ralph. (1995). ** Recommended **
Neuroinvesting: Build a New Investing Brain. Chen, Wai-Yee. (2013).
Risk Management and Financial Institutions. Hull, John. (2012).
Manias, Panics, and Crashes: A History of Financial Crises. Kindelberger, Charles. (2011).
Trade Your Way to Financial Freedom. Tharp, Van. (2006).
Reminiscences of a Stock Operator. Edwin Lefevre. ** Recommended **
Market Wizards. Schwager, Jack D. (2012). ** Recommended **
Trend Following. Covel, Michael. (2009). ** Recommended **
Laughing at Wall Street: How I Beat the Pros at Investing (by Reading Tabloids, Shopping at the Mall, and Connecting on Facebook) and How You Can, Too. Camillo, Chris. (2012). ** Recommended **
The Complete Turtle Trader. Covel, Michael. (2009).
The Little Book of Bull Moves, Updated and Expanded: How to Keep Your Portfolio Up When the Market Is Up, Down, or Sideways. Schiff, Peter. (2010).
The Real Crash: America’s Coming Bankruptcy — How to Save Yourself and Your Country. Schiff, Peter. (2012).
Trading on Corporate Earnings News: Profiting from Targeted, Short-Term Options Positions. Shon, John and Ping Zhou. (2011).
The Coming Collapse of the Dollar and How to Profit from It: Make a Fortune by Investing in Gold and Other Hard Assets. Turk, James and John Rubino. (2004).
Books (Technical analysis)
Beyond Technical Analysis. Chande, Tushar. (2001). ** Recommended **
A Complete Guide to Volume Price Analysis. Coulling, Anna. (2013).
Technical Analysis of Stock Trends. Edwards, Robert D., John Magee and W. H. C. Bassetti. (2013).
High Probability Trading: Take the Steps to Become a Successful Trader. Link, Marcel. (2003).
Technical Analysis of the Financial Markets. Murphy, John J. (1999).
Japanese Candlestick Charting Techniques. Nison, Steve. (2003).
Books (Trading systems)
Quantitative Trading Systems. Bandy, Howard B. (2007). ** Recommended **
Building Reliable Trading Systems: Tradable Strategies That Perform As They Backtest and Meet Your Risk-Reward Goals. Fitschen, Keith. (2013).
Algorithmic Trading: Winning Strategies and Their Rationale. Chan, Ernie. (2013). ** Recommended **
Trading Systems and Methods. Kaufman, Perry J. (2013). ** Recommended **
Trading Chaos: Maximize Profits with Proven Technical Techniques. Williams, Justine Gregory and Bill M. Williams. (2004).
Books (New/just read)
Improbability Principle: Why coincidences, miracles, and rare events happen every day. David Hand. (2014). ** Recommended **
Finding The Next Starbucks. Michael Moe. (2007).
Forex Capital Markets,
Interactive Brokers, ****
Options House, ***
R. J. O’ Brien,
Bank of England,
Bank of Japan,
European Central Bank,
Federal Reserve Bank,
Trading Economics, ****
Wall Street Courier,
Standard & Poor’s,
CSI Data, ***
Norgate Premium Data, ****
Real-time data & news
Market comment, analysis & opinion
Investors Chronicle, **
Money and Markets,
Seeking Alpha, ****
The Street, **
Wall Street Journal,
AmiBroker Yahoo Group
Market System Analyzer
Winton Capital ****
Stocks & Commodities Magazine,
Blogs/ Podcasts Misc
Automated Trading System
Back Test Wizard
Better System Trader
Capital Management Partners
Following The Trend
Jim Rogers On The Markets
Marc Faber Blog
New Trader U
Old School Value
Road Map 2 Retire
System Trader Success
The Lazy Trader
The Macro Trader
The Trend Follower