Sunday, February 22, 2009

Learning to Trade

The education needed to effectively participate in Markets is wide and intensive. In this post I will discuss my observations regarding the beginning trader starting with a clean slate and resources available to him on web 2.0 for self development in the Indian Context.

  1. Start with a very good introduction to markets from Trading & Exchanges by Larry Harris
  2. Good resource for observation of market data like volumes, price history from National Stock Exchange.
  3. The short term trader can concentrate on Most active Securities and Top Gainers/ Losers list.
  4. Active Day traders benefit from a market scanner like FALCON software.
  5. For general understanding of trading psychology there is no better resource than Dr Brett Steenbarger

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