Websites Worth Visiting…

In my travels through Cyberland, I have found some fantastic sites dedicated to a variety of issues for Forex Traders, i.e., education, news releases, economic calendars, etc.  Please check them out and add your favorites in the Comments Section below.

NEWS AND INSIGHTFUL ANALYSIS

• ForexLive.com – timely news and technical information, as well as order flow details, 24 hours a day.  These guys are former Thomson Reuters Journalists that started their own website and still maintain a lot of their industry contacts.  Always good for a laugh too….
• Stocktwits.com – As explained in my last entry below – “To Tweet or Not to Tweet”
• AshrafLaidi.com – Although Mr. Laidi is starting a premium paid service in the next month, this is still a great site.  Intraday Market Thoughts are a must read.
• FX360.com – Kathy Lien and Boris Schlossberg’s daily articles are terrific.
• ForexPros.com
• Bloomberg.com
• ForexCrunch.com – Part of my daily routine.
• ZeroHedge.com – Interesting take on the news and the markets…always thought-provoking.
• WinnersEdgeTrading.com - Sophia Todorova (@FXStorm on Twitter) has wonderful insights, as well as a daily news recap.
• FT.com – Financial Times out of London.
• WSJ.com – Wall Street Journal – Their Market Watch is invaluable.
• cmegroup.com – Chicago Mercantile Exchange for futures quotes.

 ECONOMIC CALENDARS

• ForexFactory.com - My favorite…it has explanations of each report and easily-accessible historic charts
• Forex.com
• AshrafLaidi.com
• MoneyShow.com
• BabyPips.com

 EDUCATION

• FXStreet.com – From Barcelona, Spain…One of the best.  Check out their Learning Center.  And if you want to trade the Non-Farm Payrolls Event each month in a live chat room, I highly recommend Wayne McDonnell of FXBootcamp’s Webinar.
• Babypips.com – School of Pipsology has some terrific information.
• MoneyShow.com – Tons of Educational Seminars, Short Interviews and Articles relating to Equities, Forex and Commodities.  These guys sponsor the largest free expos/trade shows several times a year in New York, Las Vegas, and London.
• Investopedia.com – It’s all in the name…
• AfraidtoTrade.com – Corey Rosenbloom’s focus is more towards equities, but the technical information is universal.
• Stockcharts.com – John Murphy’s site has excellent education as well as a full-range of free charts and market carpets.

To “Tweet” or Not to “Tweet”….

While I like to think of myself as fairly tech savvy, I have to admit that Twitter was something I didn’t really “get”!  From all appearances in those first few years, it seemed to be a great way for junior high school students to deeply annoy their teachers.

Well, it turns out that Twitter has grown up and, among other things, is a phenomenal resource for active intraday traders of all types.  You can elect to receive information from news sources and web content providers in record time and there are several platforms/dashboards that you can use to categorize, organize and define who you follow. 

One such site that I highly recommend is Stocktwits.com (although TweetDeck.com has a strong following as well).  Once you sign up with Twitter and select the people and/or organizations that you want to follow, their platform can stream your personal Twitter Timeline as well as picking streams from specific markets.  For instance, a EUR/USD trader can plug in that ticker symbol and receive a separate aggregate of all Tweets that note the Euro Dollar in real time.  You could use it to follow a variety of instruments, including (but not limited to) the S&P 500, Apple, Crude Oil or the 10-Year Treasury Note....in fact anything that has a ticker symbol!

I do have to caution you though, it can be overwhelming to receive so much information especially to the new trader.  I try to edit my list of people that I follow at least once a month and delete anyone who doesn’t provide the content that I feel is useful to my trading.

If you want to see who I’m currently following, go to Twitter and search for @womentradeforex.  Who’d of guessed you could get outstanding information in 140 characters or less….