Before opening the first brokerage account, it is important to know some of the basics of online trading. Simple Google search is not going to return too many meaningful results in this area, since there are thousands of incompetent websites that are made to promote various pump-and-dump schemes. That’s why you need to stick to the classics, which means a big websites and online communities that have reputation in this niche. To help you, we made this list of websites that can be used by beginner traders, but also by those more experienced ones.

MarketWatch 

MarketWatch is definitely one of the best places to find out stock exchange information and read business news and competent analysis. This company also owns a radio station that provides market updates every 30 minutes. For beginners who want to try themselves out, they offer virtual stock exchange simulators that are free of charge. The Trading Deck section of this website is highly popular stock market expert blog and it features trading opinions and ideas written by contributors that are real stock brokers. Contributors are being chosen by senior editor’s staff and some of the most influential ones are: Nigam Arora, Harry Boxter, Cody Willard, Barry Randal etc.

Timothy Sykes

He made more than $1 million out of his bar-mitzvah money while still in high school, and now he is one of the most influential traders worldwide. Timothy Sykes enjoys his reality show star status and he’s writing very useful and inspirational blog about stock trading. There, he provides analyses of current stock market trends that can help inexperienced traders to find the best approach for ideal trading on penny stock market, on which Tim earned most of his wealth during the Dot-com era.

Forbes

This is probably the most popular business magazine and website in United States. When mentioning Forbes, most people think about World’s Richest People lists, but this digital magazine offers much more than that. It has a great reputation among business oriented audience, especially after Lewis Dvorkin, brought the new contributor model from True/Slant where he kick-started it. This model enables contributors to run their own blogs, each one covering one or several niches. Potential contributors are going through rigorous selection, which means that only top notch professionals from each industry can publish their articles on this website. 

Old School Value

One of the most important skills that every successful trader needs to learn, is value investing. Online you can find plenty of websites that provide information about stocks that are traded for less than their intrinsic value. One School Value is definitely one of the best in this niche. This blog has a five year history that’s gathered in series of tutorials that will help traders with learning the basics of value investing. Owner of the blog is Jae Jun and his four person contributor team. They provide very long and detailed posts that are analyzing particular stocks with plenty of valuation methods. These articles can be very helpful for learning how to find a undervalue stocks on the market.

Bloomberg Business

This website is part of the famous Bloomberg L.P. news group. They provide very accurate stock data together with competent analysis and some fine pieces of reporting journalism. The stock market data that Bloomberg provides is not limited to the United States, and it comes with the overview and stock indexes of all bigger stock markets in the world. Bloomberg Business is one of the most popular websites when it comes to blue chip trading.

Using these websites and blogs wisely can help young entrepreneurs to learn the trading basics and to stay informed about the new stock market trends that can influence their investments. Staying informed and knowledgeable is one of the most important things when it comes to stock market trading.