The other night I was having dinner with a couple of friends and a vigorous but friendly discussion ensued focused on a scientific principle. My one friend smiled and said, “I can settle this.” He got up, walked to another room and quickly returned with his laptop, sat down, and immediately began searching the Internet. Quicker than a slow eye blink, he began announcing his search results, which were, at best, contradictory. I looked at him and said, “As wonderful as the Internet is, this is the problem with it.” Without hesitation and a nod of his head he replied, “Yeh, the information is often contradictory and unreliable.”
I get so many questions and comments referencing frustration with information found on the Internet. The problem isn’t finding information. Heck no, there is more information than you can shake a stick at. No, the problem is sifting through and sorting out all of the idiotic and worthless tripe that anyone can put out. The comment and question demonstrates my point.
After several months of stressful and fruitless research on the internet, seeking comprehensive, affordable, and quality info as to how to learn short term trading (Swing, Option, Forex and Position trading), I still feel uninformed, not ready and even more confused with overwhelming and mostly useless info on the internet. After reading some of your intelligent, humble, and humane comments on Trader Planet, I finally landed on your doorstep for honest and valuable advice on the following: where to find educational resources (from beginners to advance) Free/ and or with fee (i.e. Video/DVD, e-books, etc.)
Let me suggest something for everyone who researches on the Internet, whether it is for a trading education or for a college paper – don’t search for the information first. The first thing everyone should do is search for reliable sources of information. Find reliable and trustworthy resources, and then utilize those as a framework for what you want to understand. When you begin to understand the topic of interest, then reach out further with a frame of understanding. You will then be able to discern good information from bad, and your learning curve will shorten dramatically.
Thus, having said the above, I recommend you start right here on this site to begin building your framework. Take advantage of all the free information, webinars, videos, and books and, equally useful, read the articles in the commentary section. Find writers that appeal to your wants and interests. Note any resources they mention and then check those resources out. Build yourself a reliable framework one topic at a time. For example, if forex is the topic, stick with it until you know enough about it to discuss it fluently. Do the same with the other topics you want learn about. Ultimately, you will have to choose which you want to trade (maybe more than one), and when you do make that choice, focus in using your developed framework, and then put yourself in continuous learning mode, meaning, even as you begin trading, do not stop learning from you’re your identified reliable sources of information.
Trade in the day; invest in your life …
