# Useful Trading Resources
The moment you stop learning as a trader is the moment you fall behind the market. It is important to understand that staying in the loop requires a lot of work. Not only do you have to stay up to date on relevant investment trends, but you also need develop a good understanding of economics, and how the world around us affects the markets you are most concerned with. This is incredibly difficult when you start off because you don’t know where and what to look for, and that’s ok – you develop those skills with time. Many people underestimate the role that tenure plays in trading and investing. You can read all the books you want on debt crises and financial crashes, but until you find yourself in a freefalling market you won’t really know how to act. Even though we try to focus on the markets we know best, we still see what happens in the rest of the market in the background. That’s enough to help you build more and more general knowledge, as well as learn how other market participants react to news, and what details they find most important.
# News and Media
Bloomberg and CNBC are excellent sources for keeping up to date with the latest financial news. You can configure your mailing list and feed preferences to show you content related to the markets you follow. Similarly, you can set alerts in Google News to help you keep track of important events or specific keywords. Remember to always take into consideration potential bias when looking at any source.
Twitter can be an excellent resource for gauging the sentiment of other investors and traders. Searching by the symbol of a market with a dollar sign in front (e.g. “$BTCUSD”) will return all tweets related to the market. This is especially useful for monitoring retail investor sentiment. A step up from Twitter is StockTwits – a Twitter clone built specifically for traders where users follow markets instead of each other.
Medium, SeekingAlpha, and Benzinga are also great community outlets where users submit their own research and analysis. Be careful with community-sourced content though: while a lot of it is incredibly insightful and useful, some of it could be purposefully misleading or biased.
Finally, you should check the Morpher Blog, where we post our own takes on the market while highlighting the different ways to make use of Morpher’s features.
# Trading Tools
All traders need their own set of tools that they use to perform various calculations or conduct research.
Sometimes you may want to examine a chart in more detail, and for that you can use TradingView, a free online charting tool. For chartists and traders fond of technical analysis, TradingView is a must. There are plenty of alternatives, but in recent years TradingView’s community of indicator developers and bloggers have made it a hub for sharing technical analysis ideas, making it the preferred choice for average investors and traders.
Finviz.com’s market screener has also become a staple among retail traders. It allows you to screen the U.S. markets for stocks that match a specific set of parameters configured by the user. This is useful for when you want to compare different companies, or you’re looking for a particular set of conditions as part of your strategy.
For traders reliant on volatility it’s useful to keep track of upcoming significant events. Particularly for macro-strategy traders, Investing.com’s Economic Calendar is perfect for summarizing which events occur when, and what are the expected results, as well as what results have been reported in the past. For instance, when looking at upcoming Crude Oil Inventories, the calendar will show what metric is expected, as well as graphically illustrate the historical results and the corresponding price-action. EarningsWhisperer is another calendar tool, but this one keeps track of upcoming reporting dates for publicly listed companies. It also breaks down the sentiment surrounding the announcements, what to expect, and when. Even if you don’t trade around events it’s important to keep track of the financial performance of the companies in your portfolio so that you can review your target objectives in a timely manner.
Staying active in the markets may not be enough for some traders, and there are a lot of resources that can be used to further your formal understanding of trading.
When you run into something you don’t understand, check Investopedia – a useful resource for learning about all things trading and finance. They have helpful short clips and examples that illustrate most concepts and terms well, which will help you expand your analytical tool set, as well as make it easier to understand professional language.
There are also plenty of courses available on platforms like edX and Udemy where you can dive into niche topics that may not be well represented elsewhere. It’s especially useful if you’re making the step towards quantitative finance and want to learn a bit of coding to help you automate parts of your trading process. Be careful when choosing courses and try to avoid mentors or gurus that make big promises. Remember that nobody can guarantee your success.
Finally, you can learn a lot by finding videos on YouTube that showcase concepts like risk management, asset selection, and portfolio management. Moreover, you can find videos that interpret the news, or feature a specific company, all through the lens of a trader. Even if you disagree with some of the ideas that you find on YouTube, it inspire you to think of some trades differently or to form your own unique strategy.