Tuesday, October 12, 2010

Useful Web resources for Independent Traders

Huge data and info is available on the net for a motivated independent trader. Some websites provide excellent tools at reasonable price. I think this is leading to huge participation and democratisation of financial markets. Some would argue it is leading to huge volumes aiding price discovery.

  1. NSE offers excellent data and visualization facility by way of  NSE MARKETTRACKER
  2. ICharts has a screener and stock lists and stock Glance facility which is also appreciated by active trader community. I believe it comes at a nominal charge.
  3. One of the dilemmas faced by an independent, active ,discretionary trader is in stock selection. As emphasised by SMB Capital  being in SIP ( Stocks in Play) is most important for active traders.

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