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Trading Platforms

  1. Trade Station. TradeStation is one of the world's premier trading platforms. One advantage of using Trade Station is that the platform can be "tweaked," added to, and reprogrammed at will via Trade Station's "Easy Language" code. Lots of Trade Station developers out there in cyberspace to answer questions and share their Easy Language add-ons for free. In addition, there are lots of vendors out there who offer Easy Language add-ons for sale. You can even join a Trade Station Yahoo group.

  2. Trader'sStudio. Trader'sStudio is the brain child of veteran trading system developer Murray Reggiero. It can read-in and convert TradeStation's Easy Language code into its own format and contains lots of advanced bells and whistles for computerized trading system development. You can read Murray's trading systems columns in Futures Magazine.


Stock Screeners

From Dr. Mel Raiman: At the beginning of each course, I mention that every successful trader needs to have three things: (1) a method for executing trades (broker or direct access platform); (2) a method for accurately timing entrances and exits; and (3) a reliable method for finding trades [i.e., a stock screener or other mechanism]. The third item remains elusive and many day and swing traders have a tough time finding stocks that are in play, especially through the trading day.

  1. Getting to Know Stock Screeners. A nice piece on stock screeners from Investopedia.com.

  2. Understanding Stock Scans. More on stock screeners from stockcharts.com.

  3. HotScans. The HotScans site is actually two sites in one: HotScans and MarketGauge. HotScans is an superb real-time stock scanner for swing traders, day traders, and scalpers. It finds stocks moving in the market now, illuminates intra-day shifts in stock momentum, alerts you to opening range break-outs, gaps, new highs, hew lows, and more. In addition, it scans and displays up to four intra-day time periods simultaneously and provides pre-defined trading strategies. MarketGauge is a tool for finding investment and trading opportunities based on sector and market group analysis. It allows you to identify stocks that are driving the leading and lagging sectors and groups in the market. It also provides you with 37 key macro market indicators.

  4. StockCharts.com. This is John Murphy's site. He is one of the "fathers" of technical analysis and "the" father of inter-market analysis. I highly recommend this one!

  5. Trade Ideas. Trade Ideas was created to bring the next generation of pre-trade analysis technology to market.  Their array of statistical analysis and pattern recognition servers connect directly to the exchanges and monitor every tick for every trade on the NASDAQ, AMEX, NYSE, and the CME.  The servers keep statistical baselines on what is usual and unusual for any given stock, index, and ETF.  Users then can pick and choose different events to watch and filters to refine the universe of stocks being monitored.  The result is an uninterrupted, real-time stream of actionable trade opportunities streamed directly to the users desktop.

  6. Short Term Stock Selector. This site is really cool. I use it daily. Its creator, Robert Hesler, provides you with swing trade long candidates based on patterns derived from a neural net program he has written. Of particular interest is that Mr. Hesler lists every single trade he has made with the neural net program since April 11, 1996 right on his site. I have checked many of them with the PTS platform and they seem to be consistent with the PTS trading signals. BTW: Mr. Hesler has recently added neural net-generated ETF (QQQQs and SPY) trade recommendations. He is also working on a neural net program that generates short sales recommendations.

  7. Weekly Stock Selector. This is Robert Hesler's sister site to his Short Term Stock Selector site. It lists a portfolio of twenty stock selections generated by a neural net program. The portfolio is updated every Sunday. As with the Short Term Stock Selector, Mr. Hesler lists the portfolio's results for every week since its inception on October 8, 2000.

  8. USA Today's Stock Screener. This is a free screener which allows you to screen real-time down to as little five minutes during the day. You set your screen parameters as you wish. While it isn’t as comprehensive as “paid-for” screeners it is very adequate for finding many types of stocks you wish to analyze and group. Plus it even finds rockets by percentages you plug in. It also allows you to screen by significantly trending sectors, (which can be determined from “hot sector” heatmaps at other URL’s) which can further assist you in screening only the industries with hot stocks in play.

  9. Yahoo Stock Screener. This screener is widely used by traders. This site is also is a great source for news, stock quotes, ownership, insider transaction, and SEC filings. It also has bond and mutual fund screeners. Look at the left column under "Investing" and "Today's Markets." Choose "Actives" and, after the new page loads, choose the stocks with the highest volume and percentage price change and evaluate them with the PTS platform.

  10. Dow Jones MarketWatch. Excellent stock screener. Try the following parameters: PRICE = $10-$50; PRICE = up 3% during the current trading session; VOLUME = 500,000-90,000,000; Currently out-performing their 200 day average.

  11. BarChart.com. This site provides you with a very easy way to obtain a ten-day average true range for a stock. Enter your symbol. Select Technicals on the right. The ATR's are displayed for 9, 14, and 20 days.

  12. PCQuote.com. First-rate pre-formatted screenings. Upgrades/downgrades, sector ratings, news wire, earnings, insider trading, economic calendar.

  13. SmallCapCenter.com. Search for small cap firms numerous ways.

  14. StockFetcher.com. This is one of Mrs. Bear's favorites sites. Lots of customizable technical indicators, sector overviews, and stock filters.

  15. MarketScreen.com. A comprehensive and powerful screener.


Pattern Day Trader Rule

  1. Pattern Day Trader Rule. Before you trade, make sure you know the rules!

Stock Symbol Look-Up

  1. BarChart.com. Just enter the company's name and you'll get its stock symbol.

Pivot Numbers, Support & Resistance, Triggers & Targets

  1. Pivot Point Article by Investopedia. "Using Pivot Points for Predictions" by Justin Kuepper.

  2. Another Pivot Point Article. More on pivots.

  3. MindOverMarket. Mind Over Market has the best pivot calculator available on the web.

  4. Field Financial Group. Another free pivot number calculator.

  5. Delta1.com. Yet another free pivot point calculator. This site also has a comprehensive set of daily and weekly pivot points (calculated via different methods), fib retracement points, and extended high/low statistics for various futures indices.

  6. Barchart.com. Many traders use this site regularly to find a stock's high, low, and closing price to calculate pivots, support and resistance. It also has a quick method to find technical information such as volume and Average True Daily Range. There is a wealth of information available at this site, and it's free.

  7. StockConsultant.com. This site provides excellent technical stock analysis, including superb levels of support, resistance, triggers and targets.

  8. StockTA.com. This site provides quick levels of support and resistance as well as good charting. The site also provides an analysis of short, intermediate, and the long-term trends. Basic screening, of dubious value, is provided free of charge.


The Trading Day

  1. Click here for an overview of the important reversal & slumber times during the trading day.

Pre- & Post-Market

  1. CNN AM Market Call. CNNMoney has lots of excellent information on the pre-market, hot stocks, investor research, and more.

  2. NASDAQ.com. The NASDAQ keeps track of its stocks that are most active in the pre-market.

  3. TradingDay.com. Click here to see stock that are most active in the pre and after-hours markets.

  4. MidNightTrader.com. Only MidnightTrader provides real-time coverage and analysis of stocks trading in the pre-market and after-hours and likely to make wider moves in the following regular session. With MidnightTrader's proprietary extended-hours trading analysis, you'll find opportunities throughout the day and be better prepared for regular session trading by staying ahead of Wall Street with live pre-market stock trading analysis, news, quotes, and alerts from 6:45 to 10:00 am EST and after-hours from 3:30 to 8:00 pm.

  5. FreeRealTime.com. Stocks to watch before and after the bell. Link to sectors with the ability to drill down to individual stocks (Reuters). Similar information to that which is found in RealTimeTraders.com.

  6. TradeARCA.com. The "Hot 21" stocks.

  7. AfterHoursTrades.com. It has what it says it has.

  8. Dow Jones MarketWatch. Look for biggest gainers/losers after the market closes.


Swing Trade Set-Ups

  1. Mel Raiman. Each weekend Dr. Raiman will e-mail you 12-15 swing and day trade set-ups on highly liquid, optionable stocks that have an average true daily trading range of at least $1.00. He gives you both long and short trigger prices and target prices, and updates his targets and triggers during the week. All this for $79 per month! Alternatively, each weekend Dr. Mel will send you two set-ups for free.

  2. Short Term Stock Selector. Lots of good swing trade set-ups, graded from A trades (the best) to E trades (least good), generated by a neural net for $50 per month. These picks are also available for free, but then they're not graded.

  3. Leavitt Brothers. Lots of good swing trade set-ups for $50 per month.


Sector Rotation

  1. Understanding Sector Rotation. Don't know what sector rotation is? Click here and here.

  2. Sam Stovall. Mr. Stovall is the chief investment strategist at Standard & Poors. In 1996 he published the classic text on sector rotation called Sector Investing. This is his on-line column.

  3. John Murphy. Check-out Murphy's sector analysis. Good overviews of his path-breaking inter-market relationships too.

  4. MarketGauge. The MarketGauge site is actually two sites in one: HotScans (see above) and MarketGauge. MarketGauge is a tool for finding investment and trading opportunities based on sector and market group analysis. It allows you to identify stocks that are driving the leading and lagging sectors and groups in the market. It also provides you with 37 key macro market indicators.

  5. SmartMoney.com. See what sectors are hot with this heatmap.

  6. NASDAQ.com. The NASDAQ offers a nice pre-market heatmap.

  7. StockCharts.com. Want to visually scan and rank a large collection of stocks all at once? Want to quickly find the best and worst performers for a given time period? Our Interactive Market Carpet tool is the solution you've been looking for. By representing individual stocks as colored squares, the Market Carpet lets you see at a glance what the entire market is doing as well as the sectors and companies within the market. Also check-out the intra-industry performance indices.

  8. Thomson Financial. Nice site for institutional activity by sector.

  9. Ken Powers. A very thorough analysis of stocks based on their sector and their "business segment".

  10. SPDRIndex. This site tracks the nine sector spiders.

  11. Barchart.com. More info on sectors.

  12. BigCharts.com. Charting, sector and industry rankings in various time frames from one week to five years.

  13. SmallCapCenter. Small cap firms by sector.

  14. The Saudi Network. Lots of information and links related to the oil and gas industry.


Short Squeezes

  1. ShortSqueeze.com. To find "rockets," look on this site for stocks with a large percent of their float in shorts. If the price starts to increase everyone will pile-in to cover their shorts and drive the price up fast. This is called a short squeeze.

  2. NASDAQ Short Interest. Look on this site for short squeeze opportunities in NASDAQ stocks.


Stock Splits

  1. Investopedia. Understanding Stock Splits.

  2. InvestmentHouse.com. Here's an excellent stock split calendar.

  3. Yahoo. Here is Yahoo's stock split calendar.

  4. Briefing.com. Here's another good splits calendar.


Unusual Volume

  1. NASDAQ.com. NASDAQ.com tracks stocks that are exhibiting unusual movement.

  2. Investors.com. Check its "Stocks on the Move" Window. "Stocks on the Move" is a live version of the popular feature in Investor's Business Daily's print edition. This proprietary screen reveals stocks currently experiencing unusually heavy buying and selling. This idea-generating list is continuously updated throughout the market session as new stocks experience unusual trading. Unusual trading volume can signal heavy activity by institutional investors (pension and mutual funds, banks, insurance companies, corporations and government organizations).


Initial Public Offerings

  1. Hoovers. Check out their IPO Central page.

  2. IPOHome.com. Lots of IPO information.


Fundamentals

  1. Securities and Exchange Commission. The SEC web site contains lots of important investor information such as corporate 10K and quarterly reports that it collects via its Electronic Data Gathering, Analysis and Retrieval (EDGAR) system. Just type in the ticker symbol. Before using EDGAR, check out the EDGAR tutorial.

  2. EDGAR On-Line. Quickly retrieve corporate financial information.

  3. ClearStation.com. Lots of free information about technical and fundamental investing.

  4. VectorVest. Lots of excellent information on stock fundamentals. You can get some free stock analyses here including whether or not a stock is over- or under-valued.

  5. Find Corporate Web Sites. This site enables you to easily search the web for corporate web sites.

  6. WallSt.net. Tremendous, comprehensive, site. Financial statements, historical data, charts, quotes, news, free level II,...

  7. Gilling Securities. Gilling has developed a novel scoring system for accurately determining the long-term valuation of any public company. Take a look.


Stock Analysts

  1. StarMine.com. An excellent site for rating stock analysts.

  2. Investars.com. Another excellent site for rating stock analysts.


Conference Calls

  1. BestCalls.com. BestCalls is the Internet's largest single source for earnings conference call schedules and access information. They've listed over 50,000 conference calls since 1999.

  2. VCall.com. VCall is the leading webcaster for official investor relations events. It gives you access to both live and archived corporate communications, although they are limited to those corporations that use its services. It also offers copies of financial documents released by firms.

  3. Yahoo Conference Calls. Yahoo has information on this topic too!


Earnings

  1. Earnings Release Calendar. Here is an excellent earnings release calendar.

  2. Yahoo Earnings Release Calendar. Here is another earnings release calendar.

  3. Earnings Calendar for NYSE Stocks. Firms whose stock is traded on the NYSE list when their earnings will be announced on the NYSE web site.

  4. MarketWatch.com. Click on the "Earnings" tab to get a list of the firms scheduled to announce earnings.

  5. Money Central's Earnings Calendar. Another nice, free, earnings calendar.

  6. Earnings.com. This site provides a quick method of checking on a stock’s earnings dates. If you are planning on holding a stock overnight, check it out on this site. Earning news, upgrades/downgrades, split information, IPOS are also available on this site.

  7. WhisperNumber.com. Want news on earnings and projected earnings? This is the site.

  8. EarningsWhisper.com. This site will give you all the stocks that are having earnings before, during, and after the market closes for the day.

  9. ShareholderAdvantage.com. A fast site for getting earnings information.


News

Some words of trading wisdom: (1) trade the news because the news moves the market [Mrs. Bear]; (2) the news always trumps the charts [Scott Landers]; (3) the longer you hold a position, the more important it is to know why the stock is moving (i.e., the more important it is to know the news).

  1. Briefing.com. Briefing's platinum service is my trading guru, Scott Landers,' favorite source of news! Briefing culls and organizes the "raw" news from a variety of sources such as Reuters, MarketWatch, etc.

  2. TriggerNews.com. An extremely fast way to receive real-time breaking news.

  3. Reuters. Mrs. Bear's favorite news site.

  4. Barrons. Tremendous source of  breaking corporate news.

  5. Dow Jones MarketWatch. Superb continuous stream of corporate news. You can search by ticker symbol or keyword.

  6. Business Wire. Business Wire disseminates full-text news announcements from thousands of companies and organizations worldwide (our members) to news media, financial markets, disclosure systems, investors, information web sites, databases and other audiences.

  7. BusinessWeek. Excellent source of business news.

  8. Wall Street Journal. An obvious (excellent) source of business and other news.

  9. Forbes. Yet another excellent source of business and other news.

  10. Bloomberg. Good source of news, although watching the "crawl" at the bottom of Bloomberg TV is better.

  11. RealTimeTraders. Fairly comprehensive news summary.

  12. TheStreet.com. Lots of news and trading information. Jim Cramer is a co-founder of this site.

  13. SmallCapCenter.com. Lots of news on small cap firms.

  14. Associated Press. Lots of news, both business and non-business related.

  15. Central News Agency. Global coverage of political, social and economic news.

  16. PRNewswire.com. This is another of Mrs. Bear's favorite new sites.

  17. Yahoo Business News. Of course, Yahoo gives you the news too! In several places!


NYSE Stocks

  1. New York Stock Exchange. The Big Board!

  2. MarketTrac. Live gainers and loses in the NYSE. If you trade listed stocks this is a good site for fast evaluation during the day.


NASDAQ Stocks

  1. NASDAQTrader.com. Tons of information for traders who trade NASDAQ stocks.

  2. NASDAQ Market Analytix (NASDAQ MAX). Experimental market information including market velocity (order activity), market forces, short activity, open/close statistics, top liquidity providers, and competitive benchmarks, in a real-time data feed.


Electronic Communications Networks

  1. Island.com. Island is the second oldest and largest electronic communications network or ECN owned by the NASDAQ.

  2. Archipelago. Archipelago differs from other ECNs b/c it actively looks for the best price based on historical success, to rate and route orders. ARCA is currently being purchased by the New York stock Exchange.


Stock Exchanges

  1. New York Stock Exchange. The Big Board!

  2. American Stock Exchange. The AMEX!

  3. Boston Stock Exchange. Founded in 1834 as the third U.S. stock exchange.

  4. NASDAQ. Here is the site for the National Association of Securities Dealers Automated Quotation system!


Futures Exchanges

  1. Chicago Board of Trade. The CBOT is where wheat, corn and soybean futures trade. It also hosts large markets in treasury future contracts.

  2. New York Board of Trade. The NYBOT is where coffee, cocoa, frozen concentrated orange juice trades.

  3. Chicago Mercantile Exchange. The CME is the largest futures exchange in the U.S. This is where everything from pork belly futures to S&P 500 futures are traded.

  4. New York Mercantile Exchange. The NYMEX is the home to light (sweet) crude oil  trading, heating oil trading, and gold and silver trading.

  5. EUREX. The world's largest derivative exchange.

  6. Euronext. Just bought by the NYSE.

  7. Hong Kong Futures Exchange. An important exchange in Asia.


Options Exchanges

  1. Chicago Board Options Exchange. The CBOE has lots of free information on options trading.

  2. International Securities Exchange. The ISE is the world's largest fully electronic equity options exchange.

  3. American Stock Exchange. The AMEX!

  4. Philadelphia Stock Exchange. The PHLX was founded in 1790 and trades approximately 2,000 stocks, 2,100 equity options, 19 sector options, and multiple currency pairs.

  5. Pacific Exchange (NYSE Arca). The PCX was purchased by Archipelago (one of the four original ECNs) and then Archipelago was merged with the NYSE. Thus the NYSE is back in the options business!

  6. Boston Options Exchange. The BOX is the nation's newest options exchange.

  7. Comprehensive List of Futures & Options Exchanges. Massive list with addresses, phone numbers, web links, etc.


Options Education

  1. Options Industry Council. Tremendous options education site.

  2. Options Clearing Corporation. Lots of free information on options trading.

  3. Yahoo's Options Education Site. Lots of information on trading options.

  4. Options Trader Magazine. Sign-up for a free, monthly, options trading e-magazine.


Brokers Specializing in Options (and Providing Lots of Options Education Material & Tools)

  1. TradeKing. Don Montanaro (very nice guy) has created an excellent new firm with lots of innovative options trading tools and reasonable options trading prices.

  2. Schaeffer's Research. Lots of information on trading options.

  3. OptionsXpress. Lots of free information on options trading.

  4. Optionetics. Lots of free information on trading options.

  5. Options Secrets. Basic Commodity and options training.


Options Chains

  1. Schaeffer's Research. Excellent free Options Chains.

  2. Optionetics. Free options chains (with data delayed 20 minutes).

  3. MarketWatch.com. Type in the stock ticker symbol and this site will return the corresponding options chains for several months.

  4. WallSt.net. Nice, free, options chain.


Options Tools

  1. IVolatility.com. Data service that provides information for pre-options trade analysis, post-options trade decision support and options risk management.

  2. Peter Hoadley's Options Analysis Tools. Hoadley offers and excellent set of options analysis tools. Some are free; some you must pay to download.

  3. Numa Options Calculator. This calculator uses and adjusted Black-Scholes model to value European style options.

  4. Options Ticker Symbols. Need to know a ticker symbol for an option?

  5. Open Interest Options Browser. Free web-based options browser.

  6. Aussie Rob. Gidday Mate! Check out the options man from down-under.


Black-Scholes Options Pricing Model

Myron Scholes & Fisher Black

  1. Peter Hoadley's Explanation. Hoadley has a nice explanation of Black-Scholes and other options pricing models.

  2. Kevin Rubash's Explanation. Excellent, comprehensive, presentation of the Black-Scholes model.

  3. The Idiot's Guide to the Black-Scholes Option Pricing Model. The title says it all.


Taxes

  1. Sims & Sims. These guys specialize in tax accounting for traders. This site contains lots of excellent free information on tax accounting for traders.

  2. TradersAccounting.com. These guys also specialize in tax accounting for traders. Here's some of their tax tips.

  3. TraderTax.com. Lots of tax information for traders.

  4. Waterside Financial Services, Inc. Tax reduction strategies from Ted Tesser. Check out his articles and books too.

  5. TradeAccountant.com. Software for keeping track of all your trades for tax purposes. Well worth it at audit time!

  6. IRS Tips for Traders (IRS 1040 filers). Now, what does the IRS say about it?

  7. More IRS Info for Traders. Good info, but be prepared to be put to sleep.

  8. Pros & Cons of Forming a Legal Business for your Trading Activities. Should you form a sole proprietorship? An S-Corp. A partnership?

  9. Mark-to-Market Accounting. If you don't know what this is and you're a trader, you better check-out this site.

  10. AccountantsWorld.com. Be sure you know how to set-up your trading business.

  11. Green Trader Tax/Law. This firm specializes in helping you set-up your hedge fund.


Hedge Funds

  1. Magnum Funds. Check out Don Friedland's article: "Taking the mystery out of hedge funds."

  2. Lipper HedgeWorld. Want to know how to start your own hedge fund?

  3. Hedge Funds Versus Mutual Funds. Want to know the difference between a hedge fund and a mutual fund?

  4. More on Hedge Funds Versus Mutual Funds. Here's more info on the difference between hedge and mutual funds.

  5. Even More on Hedge Funds Versus Mutual Funds. Here's even more info on the differences between hedge and mutual funds.


Trading Rooms

  1. Vic West. Vic West is a veteran trader who has developed a proprietary system for scalping. If you join his trading room, you'll see his charts and they'll tell you when to buy and sell.

  2. Shay Horowitz. Shay runs Shogun Trading and a lively trading room.


Jim Cramer's Mad Money

  1. Mad Money Wrap-Ups. To get wrap-ups of Jim Cramer's Mad Money picks click here or here or here or here or here.

  2. CramerWatch.org. This site pits Cramer's stock picks against those of a stock picking monkey ("Leonard the Wonder Monkey").

Radio Shows

  1. Tiger Financial News Network. Tom O'Brien offers an interesting collection of material on his web site including web access to his radio show.

  2. Bloomberg Radio. You can listen right through your computer.


Hardware for Trading

  1. Custom Trading Computers. If you'd like a computer system set-up specifically to trade, check out Custom Trading Computers. Jordan Peterson, the founder, builds them personally and they are inexpensive and excellent. He designs computers with quality in mind for trading.  Jordan's customer service is also superb.  My personal system was built by Jordan Peterson at Custom Trading Computers.

  2. DirecPC. No broadband cable TV in your area? You need a satellite data feed.


Neural Networks

  1. Neural Network Tutorials. For some quick neural net tutorials click here, here, here, here, or here.

  2. Neural Network Links. Here is a huge set of links to neural net books, articles, software, databases, and much more.

  3. Neural Net FAQs. Here is a huge list of FAQs for neural nets that has a lot of information on using SAS to build NNs.

  4. Jurik Research. Jurik provides a set of advanced trading tools and indicators that are based on neural net technology and other advanced signal processing techniques. Many of these tools can interface with Trade Station's platform. Jurik also offers some free Trade Station add-ons.

  5. BrainCel. Jurik Research sells BrainCel, which is an add-on neural net for TradeStation.

  6. TradingSolutions. TradingSolutions is a comprehensive technical analysis software package that helps you make better trading decisions by combining traditional technical analysis with state-of-the-art neural network technologies. It has the ability to learn patterns from historical data, allowing you to create highly accurate trading systems that inform you when to buy and sell. This trading software effectively performs market timing for all types of financial markets, including stocks, futures and currencies (FOREX).

  7. Tradecision.com. Tradecision provides with state-of-the-art artificial intelligence technologies that learn from historical data to help you find out the most auspicious times to buy and sell securities.

  8. BrainMaker. BrainMaker Neural Network Software lets you use your computer for business and marketing forecasting, stock, bond, commodity, and futures prediction, pattern recognition, medical diagnosis, sports handicapping... almost any activity where you need special insight.

  9. DeepInsight.com. DeepInsight is an algorithmic (swing) trading system built on years of quantitative research into market microstructure, stock trading patterns and computer artificial intelligence. It provides investors with algorithm-based trading strategies, objective and automated analysis for stocks, ETFs, mutual funds and indices.
    A quote from the DeepInsight web site:

    A neural network is a powerful modeling tool that is able to capture and represent complex relationships. It can compare existing stock-trading patterns with previous situations, analyze all kind of indicators and eventually "learn" what works and what doesn't as the program digests more data. The true power and advantage of neural networks lies in their ability to digest a huge amount of data, find both linear and non-linear relationships from trading patterns, and make deep analytics that can never be accomplished by human analysts at the same time.

    An expert system is a sophisticated computer program that can make intelligent or best possible decisions by taking many related variables or measurements into account. An expert system gets its intelligence from two sources:
    (1) Knowledge from human experts or tested rules, which are programmed to the system.
    (2) Dynamic learning via neural network technology and statistical analysis on historical data.
    Expert systems are suitable to handle complex but specific problems, such as investment decisions, portfolio management, Stock/Bond/Currency trading, weather forecasting, aircraft fly control and speech recognition etc.

    Given enough data and computing power, an expert system can find the best possible solution via exhaustive search and comparison. IBM's Deep Blue (which defeated the reigning world's chess champion in 1997) is a perfect example that how smart and powerful an expert system can be.

  10. Cortex Neural Network Software. Another interesting neural net package.

  11. NeuralWare.com. NeuralWorks Predict is an integrated, state-of-the-art tool for rapidly creating and deploying prediction and classification applications. Predict combines neural network technology with genetic algorithms, statistics, and fuzzy logic to automatically find optimal or near-optimal solutions for a wide range of problems. Predict incorporates years of modeling and analysis experience gained from working with customers faced with a wide variety of analysis and interpretation problems.

    Predict requires no prior knowledge of neural networks. With only minimal user involvement it addresses all the issues associated with building robust models from available empirical data. Predict analyzes input data to identify appropriate transforms, partitions the input data into training and test sets, selects relevant input variables, and then constructs, trains, and optimizes a neural network tailored to the problem. For advanced users, Predict also offers direct access to all key training and network parameters.

  12. OZGrid.com's List of Neural Net Software. Here's a nice list of neural net software for trading.


Continuing Education

  1. Investopedia.com. One of the best sites for stock market terms and links to learn more about the terms.

  2. TheStreet.com. This is Cramer's site. "TheStreet University" portion of the site is an excellent source of trading and investing information.

  3. InvestorWords.com. A comprehensive financial glossary.

  4. National Investing Association. Great source of basic investing information as well as information on investment clubs.

  5. EliteTrader.com. Lots of software and hardware reviews and message board discussions.

  6. JesseLivermore.com. All about the man who many traders believe was the greatest trader who ever lived.

  7. TradersLibrary.com. Lots of books, tapes and DVDs on trading.

  8. Lots of Trading & Investing Links. More links (as if you don't have enough already).

  9. Securities & Exchange Commission. On-Line Publications for Investors.


Paper Trading

  1. Investopedia Simulator. Create a free trading/investing "competition" or join an existing "competition". This simulator supports equity and options trading on all major U.S. exchanges, margin accounts, limit and stop orders, corporate actions (splits, dividends, mergers, etc.). It also has an excellent area for stock research and analysis.

  2. StreetSage. A virtual stock market that simulates 25 years of investing in 10 weeks. The equities traded are from fictional companies that generate fictional data and react to fictional news.

  3. The Stock Market Game. A 10 week simulation that allows participants to invest a hypothetical $100,000 in the stock market. It is the only stock market simulation that is endorsed by the National Council on Economic Education and is correlated to voluntary national standards in math, economics, and business education.

  4. Ninja Trader. A free trade simulation platform that connects to Trade Station.


Miscellaneous

  1. Movies & Books About Finance. Documentaries and "regular" movies related to finance and trading. Biographies and books for children too.

  2. FinancialLinksOnLine.com. Lots of links!