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The Best Trading Websites are hard to find.
Let’s be real—finding the best trading websites and reliable trading resources can feel like searching for a needle in a haystack. With countless tools and platforms out there, how do you pick the ones that truly make a difference? Well, throughout my trading journey, I’ve come across some absolute game-changers.
These resources have been invaluable to me, especially in aligning with the long short portfolio approach I follow. Whether you’re screening stocks, analysing economic data, or diving into volatility trends, this list of tools has you covered. I’m excited to share these gems with you, and hopefully, they’ll be as helpful to you as they’ve been for me.
Let’s break it all down, shall we?
Stock Screeners & Watchlists
Finding the right stocks to trade or invest in often starts with a great stock screener. Here are my go-to platforms for building watchlists and narrowing down potential investments:
1. Koyfin
If you’re serious about data, Koyfin is a must. It offers a comprehensive platform for stock screening, comparisons, and even data visualization. Need to analyse sector performance or compare multiple companies? Koyfin makes it simple and visually appealing.
https://www.koyfin.com/
2. Tikr
For digging deep into both qualitative and quantitative financial data, Tikr is unmatched. You’ll find everything from earnings reports to valuation metrics, making it an excellent resource for long-term investors.
https://www.tikr.com/
3. Investing.com
This all-in-one platform is perfect for tracking market news, building watchlists, and screening stocks. Plus, its portfolio tracking tool is incredibly user-friendly, allowing you to keep tabs on all your investments in one place.
https://investing.com/
Stock Charts
Charts tell the story of price action. I have found the below websites the most useful to me for drawing support and resistance, identifying opportunities against price action. Compiling my trade ideas into watchlists. :
1. TradingView
TradingView is a powerhouse for charting. With advanced tools, customizable indicators, and a thriving community of traders, it’s my go-to for ideas and market patterns and maintaining my watchlist of trade ideas.
https://www.tradingview.com/
2. Finviz
Finviz excels in simplicity and functionality. It combines heatmaps, detailed charts, and customizable filters to help you find stocks that match your criteria. I find it useful to identify trends occuring in the market to broaden my scope of analysis. https://finviz.com/
Key Performance Metrics (KPIs)
Understanding the Key Performance Metrics of a company is fundamental to our trade ideas. We have to understand what is driving the stock that we are investigating to understand its business model properly. These platforms help me evaluate KPIs and get a clearer picture of a company’s performance:
1. Finchat
Ever wanted an AI-powered assistant for analyzing financial trends? Finchat makes this possible. It offers deep insights into KPIs, from revenue growth to margin trends, helping you stay ahead of the game.
https://finchat.io/
2. Zacks
Zacks has been around for ages—and for good reason. It’s a trusted source for earnings estimates, KPI analysis, and stock rankings, which are essential for both short- and long-term strategies.
Qualitative Comparison Analysis
Quantitative data isn’t the whole story; you need qualitative analysis to complete the picture. Here’s where I turn for that deeper perspective:
1. Seeking Alpha
From investor reports to articles with actionable insights, Seeking Alpha is a treasure trove of qualitative data. It’s also a great resource for reading opposing views, which can help challenge your biases. I have found that I can get a quick snapshot of a stock against its peer group through seeking alpha. I found it to be the best resource for me to do sector comparisons and in-depth analysis of qualitative measures and ratios.
Economic Data & Indicators
The bigger picture matters, too. Economic data can heavily influence market trends. Here are my top picks for tracking macroeconomic indicators:
1. Trading Economics
If you need global data on GDP, inflation, employment, or other economic factors, Trading Economics has it all. It’s a fantastic resource for understanding how macro trends might impact your investments. I use the information within trading economics to update my world view spreadsheet on a monthly basis. Some other students have enabled the API capabilities of the website to streamline this process too. Definitely something worth looking at!
2. Forex Factory
Known for its real-time economic calendar, Forex Factory is excellent for tracking market-moving news and events. It’s especially useful for currency traders but also great for equity traders monitoring broader trends.
Treasury Yields & Bonds
Interest rates and bond yields are key factors in portfolio management. Here’s where I check for reliable bond data:
1. USTreasuryYieldCurve.com
When it comes to U.S. Treasury securities, this site is second to none. It provides detailed yield curve data to help you assess the current market environment. https://www.ustreasuryyieldcurve.com/
2. World Government Bonds
Want insights into global government bond yields? This platform gives you a clear picture of what’s happening in bond markets worldwide.
https://www.worldgovernmentbonds.com/
Investor Research Information
Staying informed is half the battle. These resources keep me up to date with in-depth research and analysis:
1. Yardeni Research
Yardeni Research offers top-notch reports on macroeconomic trends, corporate earnings, and market performance. It’s an excellent tool for staying ahead of the curve.
Volatility & Options Analysis
Understanding market volatility is essential for managing risk. Here’s what I use to keep tabs on it:
1. iVolatility.com
This platform provides tools for analyzing implied volatility, option prices, and overall market sentiment. It’s a valuable resource for both traders and long-term investors. https://www.ivolatility.com/
2. Options Profit Calculator
Option profit calculator is a great tool for assessing your options structures against your trade ideas. It outlines al the different types of option strategies (although I don't use alot of them) and give you a great visual representation of the potential outcomes.
Why These Tools Matter
While the tools I’ve shared can cater to a range of trading styles, they’re especially useful for a longshore portfolio approach which is how I trade my account.
Each resource I’ve mentioned has played a role in my journey. From screening stocks and analysing performance metrics to tracking economic data and volatility, these tools have made my trading process more structured and informed. They have also saved me a bunch of time, which hopefully they will do to you as well.
Final Thoughts
These resources have been game-changers for me, and I hope they’ll be the same for you. Whether you’re a beginner or a seasoned trader, the right tools can make all the difference in navigating the markets.
Take your time exploring these platforms and see which ones align best with your trading style. Remember, the journey is just as important as the destination, so stay curious and keep learning!
Disclaimer:
The information provided in this article is for general informational purposes only. It is not intended to be financial advice and should not be construed as such. Always consult with a qualified financial advisor before making any investment decisions. The author and publisher are not liable for any financial losses or damages that may result from the use of this information