Online trading platforms are all over these days, promising anyone with a small initial investment the opportunity to grab hold of financial freedom. But online trading isn’t something you can simply start doing right away with no experience. There are many concepts to get to know, and a winding road ahead if success is the goal.
Thank goodness for insightful trading tutorials and websites. Places anyone can access, usually for free, and read all about anything and everything about financials markets, leveraging strategies, platform basics and more. Here are five good ones to jumpstart your journey in the trading scene, in no particular order.
1. Exness Insights
Unlike some of the other useful learning hubs on this list, Exness Insights focuses completely, utterly and only on all things trading. The platform is to educate traders before they leap into this money-focused arena. Here, you’ll find countless articles and guides on topics and strategies written by experts on trading. People who’ve made it their life’s mission to conquer trading, and share what they’ve learned in easy-to-read formats.
There are write-ups about the very basics of spreads, stop loss orders and other commonly uttered terms, but the site really shines as an educational beacon for its in-depth discussions that go deeper than surface-level. If you think you already know the foundations of trading, and are looking to expand that knowledge you’ve already gained, this website can definitely help with that.
Top reasons to visit Exness Insights:
- Content is tailor-made for traders looking to learn.
- Articles and insights covering an extensive range of trading-related topics.
- Insights come from expert analysts.
- The site is free to explore.
2. Khan Academy
You’ve likely already heard of the second website on this short list. Khan Academy has made a name for itself through its world-class free educational resources. Trading education is not the only focus of this learning hub, so the courses you’ll find there won’t teach you absolutely everything you need to know. As far as foundational trading education goes however, this spot is one of the best.
Because not everyone has loads of time, or funds, to study formally at somewhere like the Shaheed Sukhdev College of Business Studies, Khan Academy’s courses can be taken at a slow pace. Their main financial market foundational course covers a good amount of the basic concepts every trader must know. But be warned before you go down this learning route; if structured learning isn’t really your style, you might find this top educational website a bit of a bore.
Top reasons to check out Khan Academy:
- It’s a good free starting point to learn the basics.
- Learning is structured and well-organised into courses.
- Content covers core financial concepts.
- Learning can be done at your own pace.
3. Investopedia
There’s a good reason why Investopedia made the cut; it’s an absolute powerhouse as far as financial education is concerned. The insightful content on this site answers pretty much every question a newbie trader could ever have as they get started in this domain. Online trading basics are just the tip of the iceberg, and even experienced investors can still learn a thing or two with Investopedia’s free resources.
On the site you’ll find well-laid out and easy-to-follow articles, tutorials covering a wide range of concepts and a handful of courses designed to give you just the right combination of market know-how to get up to speed fast.
Investopedia is a worthwhile resource because:
- The information you’ll find there is always up-to-date.
- The website is designed to help beginners and experienced traders.
- It offers more than one way to learn.
- The perspectives on display are usually unbiased.
4. The Motley Fool
According to The Motley Fool’s about page, this website’s single mission in life is to help everyone reach their financial goals. A worthy pursuit, that’s backed up by tons of easy-to-understand free resources on all kinds of trading-related facts and strategies. If listening to experts explain what they know over a podcast format sounds like a great way to learn how to analyse a market, this is the website for you.
Some of the education provided here does live behind a paywall or two, but the information found here is always worth a read. Visit this learning hub if you enjoy having facts delivered to your eyes in a way that’s sometimes quirky but is always engaging.
Top reasons to visit The Motley Fool:
- Content is delivered in a fun and engaging way.
- Beginner resources are free.
- Information slants towards long-term investing strategies.
- There’s an on-site community section for discussion and questions.
5. Warrior Trading
Last but certainly not least, the final site on this list, Warrior Trading, is one perfect for aspiring day traders. Here, you’ll find a combination of paid and free courses that focus on the best ways to go about developing your own day trading master strategy. Learn about charting, and how that can improve your outcomes, along with how to conduct a technical analysis. This one isn’t really for the beginners, but once you have the basics down, it’s a good place to learn how to become an active trading mastermind with time.
Check out Warrior Trading if:
- Your goal is to become a day trader.
- You prefer learning through practical means.
- You want to learn high-level concepts for free.
- You want to chat to other traders on an active forum.
