Thanks for stopping by the Bull Markets Resources page. This is a list of tools and websites that I highly recommend to traders and investors. I have used every single tool and website on this page.
But first, here’s an important disclosure.
Some of the links below are affiliate links, which means that if you choose to make a purchase, I will earn a commission. This commission comes at no additional cost to you. I have experience with all of these tools and websites, and I recommend them because they are helpful and useful.
I used Interactive Brokers in my institutional days.
- IB has the best customer support I’ve seen from brokers. IB has 24 hour support.
- IB is one of the biggest online brokers. This will be the last broker to go under in the event of a stock market crash.
- IB’s trading platform (TWS) is superb. Clean, simple, and modern.
- IB accepts clients from all over the world. They are not limited to just the U.S.
- IB charges 0.5 cents per share. This is good for small traders and investors. But it can get expensive for big traders and investors.
I use Tradestation today for my personal portfolio.
- Tradestation has a flexible fee option. It’s either $5 per trade (flat rate) or 1 cent per share. The flat fee option is suitable for large traders and investors.
- Tradestation assigns an account representative for each account. There will always be a dedicated person to support you if you have any problems with your account.
- Tradestation accepts clients all over the world. They are not limited to just the U.S.
- Tradestation’s trading platform is a little old and not as user-friendly as IB’s platform.
- Tradestation does not have 24 hour customer support.
Most of the market-related historical charts here on Bull Markets come from Stockcharts.com
- This is a very easy to use way to generate historical charts for stocks, commodities, and forex.
- It’s cheap. I’m on the most expensive pricing plan, and that’s only $40 a month.
- Stockcharts.com doesn’t allow you to easily upload your own market data.
- Stockcharts.com’s historical data is limited. They have even less historical data than a free tool like Yahoo Finance
Metastock is a very powerful tool for traders that want to upload their own data to charts.
Yahoo Finance has the most comprehensive list of free historical market data.
FRED has the most comprehensive list of publicly available economic data. FRED does a good job of combining charts with the data itself.
- You can download the historical data in Excel.
- You can also see the data visually on the chart. FRED overlaps recession dates with the economic data.
Trading and investing books
Market Wizards and Hedge Fund Market Wizards
These are the 2 best books in Jack Schwager’s “Market Wizards series”. Market Wizards is the first book in the series and Hedge Fund Market Wizards is the final book in the series.
The author interviews many of world’s most famous traders, investors, and hedge fund managers (e.g. Stan Druckenmiller, Ray Dalio, Jim Rogers). He focuses on understanding how these market players make trading and investment decisions. No other book will have so many highly successful trading and investment strategies crammed into one read. If you want to learn how to trade/invest or become a better trader/investor, this is A MUST READ. The information in all other books (e.g. Technical Analysis from A to Z) can be found via Google. But not the information in these two books. Tips and strategies in these books can be found nowhere else.
To this day, I still have these books and reread it once every few months. They’re that good.
This series was written over the span of 30 years. It’s interesting to note how trading strategies have evolved over time as market conditions evolve (from the Market Wizards 1980s era to the Hedge Fund Market Wizards 2010s era). For example, many of the successful traders in Market Wizards employed a classic trend following approach. This strategy was almost completely absent from Hedge Fund Market Wizards because trend following no longer works as well as it used to.
Click here to buy Market Wizards on Amazon
Click here to buy Hedge Fund Market Wizards on Amazon.
How to Make Money in Stocks by William O’Neill
This is the best book if you’re interested in trading individual stocks. O’Neill’s CANSLIM system tries to catch and profit from stocks that are on the verge of a massive breakout.
The strategy discussed in this book (CANSLIM) does not work well for stock index traders. In addition, this strategy works best during years when the stock market is rallying fiercely. This strategy does not work well when the market is swinging sideways (e.g. 2015).
Click here to buy How To Make Money in Stocks on Amazon
Technical Analysis from A to Z by Steve Achelis
This is the ultimate beginners guide to technical analysis. I highly recommend new traders to read this. Think of this as the Wikipedia of technical analaysis, except this book spans 380 pages (it’s a thick read).
This book introduces beginners to support/resistance and all kinds of common technical indicators.
I do not recommend this book to intermediate/advanced traders.
Click here to buy Technical Analysis from A to Z on Amazon
Trend Following by Michael Covel
There are 2 main kinds of technical trading strategies: contrarian and trend following. “Trend Following” by Michael Covel is a how-to guide for traders who are interested in using a trend following approach to trading.
The book is comprised of 2 main parts:
- How-to trend follow. This includes trend following indicators.
- Interviews with successful trend following traders.
Click here to buy Trend Following on Amazon
I don’t read many economics books, which are usually too steeped in theory and not enough in reality.
Capital in the Twenty-First Century by Thomas Piketty
“Capital” focuses on the historical drivers of wealth and income inequality in the West since the 1700s (colonization of the New World). The most interesting part is understanding how economic theories adapted over time as economic conditions changed around the world. This is more of a history/economics book than a plain economic theory book.
Click here to buy Capital in the 21st Century on Amazon
Why Nations Fail by Daron Acemoglu
This is another MUST READ. The author examines a lot of interesting theories as to why some nations succeed (become superpowers) and why other nations fail (e.g. China in the 19th century). This is the mega-long term cycle of a nation, from rise to decline.
Click here to buy Why Nations Fail on Amazon
History and politics books
Business Cycles by Lars Tvede
This is one of the best books on business and economic history. This is a MUST READ.
Economic theory alone does a pretty poor job at explaining historical business cycles. Lars Tvede deduces patterns from history that explain why business cycles are they way they are. Understanding patterns from real history is better than relying on economic dogma.
This book is especially useful for people who are interested in predicting economic cycles (e.g. medium-long term stock market investors/traders such as myself).
*This book is rather expensive.
Click here to buy Business Cycles on Amazon
- Liars Poker
- Buy Side
- Straight to Hell
- When Genius Failed