One of the biggest issues traders have in this day and age is finding the best websites for market analysis with quality information.
Before the internet was a thing, the only source of information for traders was found in books and magazines. But now, there are thousands of places online that claim to be the best trading websites…
So I decided it’d be a good idea to give you a list of some of the best websites for market analysis I use daily.
I’m not an advertiser so these are just my opinions, and you shouldn’t have to pay anything for access to them. I’ve just used them for years for some of my analysis and continue to do so on a regular basis.
The 6 Best Swing Trading Websites on the Internet
No. 1: www.econoday.com — This site is the leading provider of economic news and event listings.
It does offer a subscription service, but most traders only use it for its calendar that lets us see what economic news is coming out every day, and what time it’ll be released.
One of the biggest mistakes I see beginners make is trading in a vacuum and holding positions through important news reports. This site will help you stay organized and avoid entering positions right before economic announcements that could spur volatility or sell-offs.
No. 2: www.briefing.com — It’s another great site that is a bit more focused on the market than the general economy. There’s still an economic calendar but in addition to that, there are sections devoted to earnings, market analysis, premarket calls and a bunch of other great features that will help you stay on top of the current environment.
No. 3: www.marketwatch.com — This website focuses on the broader market as well as futures and commodity markets around the world. It gives us daily stories as well as detailed information on different sectors.
The site provides quotes, charts and good commentary on what most of the world’s financial markets are doing. So it’s a great site if you trade things other than stocks.
There’s also a great economic calendar and updates on earnings. MarketWatch also has a charting service called https://bigcharts.marketwatch.com/. The charts and indicators on here are customizable.
There’s a wealth of information on Bloomberg. When it’s earnings season, I use the earnings page every day to see which stocks are going to report later in the day. I highly recommend this site for high-quality market data.
No. 5: www.stockfetcher.com — I stumbled on this site a while ago and knew from the start it would make my list of best websites for market analysis. The site provides free filters and indicators to help you screen stocks.
If you keep up with my daily videos, then you already know this is where my Cumulative Strength Index scan is. It helps me gauge the overall market and things like the S&P 500 to find the hottest stocks and sectors.
Now, there are plenty of free indicators you can use on this site. But for a small monthly fee, about $8, you can also create your own indicators… And with a touch of a button, screen thousands of stocks to fit your stock-picking criteria.
About 15 years ago, you’d have to download the entire stock market database daily and then run it through Trade Station, taking you 12 to 16 hours to do so. Now, it takes less than five seconds.
I believe everyone should add this to their list of the best websites for market analysis.
No. 6: www.barchart.com — This is one of the oldest and most reliable sites for financial market data. You can find quotes and charts for a variety of stocks, futures and commodities around the world.
There’s also daily news reports and earnings information on important stocks.
Even if you don’t decide to subscribe to a paid charting service, you can still get most of your quotes and charts for free on Barcharts.
The charts have dozens of indicators you can adjust and modify to fit your time frame and trading style.
That’s it for my short list of the best websites for market analysis online today. There are many others, but I believe it’s best to start out with these first.
I hope that helps!
And if you haven’t done so already, subscribe to our YouTube channel so you can be notified as soon as we make our next post, and see what trade opportunities we’re paying close attention to!
All the best,
Senior Strategist, WealthPress