Friday, June 15, 2007

How To Succeed In Online Financial Trading Using Freebies

By: Hywel Merrett

Did you know that many of the tools and resources that we consider essential for online trading success are actually available for free - if you know where to look?

Online trading is taking the financial markets by storm as private investors are now able to quickly, easily and cheaply trade Forex, Commodities, Stocks and many other instruments. But what s brought about this enormous increase in online trading?

Basically, the tools and information which were previously only available to the big boys like stockbrokers, banks and institutional investors - are now available to you. These days, we don't have to rely on our broker for recommendations. With only a computer and internet connection, we can now find our own trades independently and without fear of bias.

People just like you and I can now trade with a level of sophistication that was unheard of, even in the 90 s! This has effectively levelled the playing field and allowed home based traders to make highly informed investment decisions on their own.

Data feeds, software based trading systems, real-time quotes and interactive charts are all now available online at reasonable cost and yet, not so long ago, many of these resources cost thousands and thousands of Dollars. The point I m making however, is that with a little investigation it s now possible to find many of these invaluable tools absolutely free.

Andrew Fleming, author of Free Online Trading Tools has made it a personal quest to discover what s available out there just for the taking (legally, of course). He was amazed. Some sites he discovered will come of no surprise to you Yahoo Finance, Bloomberg and Reuters etc. are the obvious ones and are all very comprehensive sources. But he also uncovered a wealth of sites that are a little more off the beaten track , but also incredibly useful to online traders.

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