(I'll be changing this post often)
The purpose of this thread is to gather and display links to websites, and make recommendations of books, which satisfy the general theme of 'trading' and all that goes along with it. As far as I am concerned, Trading is a knowledge game. As has been said by others... "There is no trick or special method". To begin, a person must learn the rules of the game - the mechanics of how markets work - and then begin the more obviously laborious task of learning about how 'the world works'.
Learning how the 'world works', at least for our purposes, involves studying the things that can affect the financial markets. It's learning how the economic and political world works. We need to eat, we need political stability, investment and energy. There are groups of people/institutions who operate for the direct public good and those who operate for their own profit; how do these agents affect the world? What are their motives, their sphere and strength of influence, what are their ways and means?
Trading isn't only about the prices you see in front of you... but about the world and all that happens on it. Thus, I'll expand on what the kind of resources you should expect to find (or be welcome in recommending to me) in this thread. Below you'll find links to websites specialising in reporting news from all over the world on the topics of Politics, Economics, Finance, Energy, and Technology. You'll find links to governance and financial institutions websites and I'll be adding recommendations on other reading which I have considered worthwhile.
While it is great to read / watch the news, many of us do so without: (1) really understanding the mechanics of many things that are spoken about, (2) having a historical perspective to guide us in interpreting releases / judging their effects / understanding their causes. This, is where reading comes in. Many of us, me previously included, are either seriously out of the habit or have never been in it to begin with. Spending serious hours reading is the only way for a person to really get a handle on what is going on in the world, what and who everyone is, and ultimately how to go about profiting from that knowledge. Wide reading is important so that you: (a) get a sense of the 'middle ground' of a topic and can, in the end, come up with your own opinion, (b) begin to see how different topics/things interact / effect each other.
Video is a medium of information transmission which can act as a catalyst for further learning. This is why the first section of this post will only have video links. Wet your appetite there and then hopefully you'll be sufficiently motivated to move on to book study.
It would be good to build a list of resources here, so guys, contribute.
We don't know what we don't know. The only way to remedy this is to aim to know everything.
Thanks for your time.
Leon
______________________________________________________________________________
Digital Media / Podcasts
Recorded interviews with leaders in Economics, Business and Politics - www.charlierose.com
Video Lessons on Economics, Finance and Math - http://www.khanacademy.org/
Podcasts on monetary policy, financial crisis, economic history etc. - www.econtalk.org
Weekly podcasts on monetary, economic, geo-political news and events - http://mcalvanyweeklycommentary.com/
Audio and Articles on Finance and Economics - www.financialsense.com
Economics/politics resources
Keep up to date with developments in Europe - http://www.eurointelligence.com/
http://www.stratfor.com/
http://www.marketoracle.co.uk/
http://www.maxkeiser.com
http://www.dailypfennig.com
http://www.caseyresearch.com
http://www.howestreet.com
http://www.dailyreckoning.com
http://www.berninger.de
http://www.zerohedge.com
http://www.nakedcapitalism.com
http://www.kingworldnews.com
Discussions about energy and its impacts on the future - http://www.theoildrum.com/
Economic indicators / Data
Economic Indicators for 231 countries - http://www.tradingeconomics.com/
www.data360.org
Central Bank Websites
Great Britain - http://www.bankofengland.co.uk
United States - http://www.federalreserve.gov
Europe - http://www.ecb.int
Japan - http://www.boj.or.jp/en
Australia - http://www.rba.gov.au
China - http://www.pbc.gov.cn/publish/english/963/index.html
Other institution websites
International Monetary Fund - http://www.imf.org/external/index.htm
World Bank - http://www.worldbank.org/
World Trade Organisation - http://www.wto.org/
Note: Other than just reading on the websites It would be interesting to get a book or two about their roles in the past.
The purpose of this thread is to gather and display links to websites, and make recommendations of books, which satisfy the general theme of 'trading' and all that goes along with it. As far as I am concerned, Trading is a knowledge game. As has been said by others... "There is no trick or special method". To begin, a person must learn the rules of the game - the mechanics of how markets work - and then begin the more obviously laborious task of learning about how 'the world works'.
Learning how the 'world works', at least for our purposes, involves studying the things that can affect the financial markets. It's learning how the economic and political world works. We need to eat, we need political stability, investment and energy. There are groups of people/institutions who operate for the direct public good and those who operate for their own profit; how do these agents affect the world? What are their motives, their sphere and strength of influence, what are their ways and means?
Trading isn't only about the prices you see in front of you... but about the world and all that happens on it. Thus, I'll expand on what the kind of resources you should expect to find (or be welcome in recommending to me) in this thread. Below you'll find links to websites specialising in reporting news from all over the world on the topics of Politics, Economics, Finance, Energy, and Technology. You'll find links to governance and financial institutions websites and I'll be adding recommendations on other reading which I have considered worthwhile.
While it is great to read / watch the news, many of us do so without: (1) really understanding the mechanics of many things that are spoken about, (2) having a historical perspective to guide us in interpreting releases / judging their effects / understanding their causes. This, is where reading comes in. Many of us, me previously included, are either seriously out of the habit or have never been in it to begin with. Spending serious hours reading is the only way for a person to really get a handle on what is going on in the world, what and who everyone is, and ultimately how to go about profiting from that knowledge. Wide reading is important so that you: (a) get a sense of the 'middle ground' of a topic and can, in the end, come up with your own opinion, (b) begin to see how different topics/things interact / effect each other.
Video is a medium of information transmission which can act as a catalyst for further learning. This is why the first section of this post will only have video links. Wet your appetite there and then hopefully you'll be sufficiently motivated to move on to book study.
It would be good to build a list of resources here, so guys, contribute.
We don't know what we don't know. The only way to remedy this is to aim to know everything.
Thanks for your time.
Leon
______________________________________________________________________________
Digital Media / Podcasts
Recorded interviews with leaders in Economics, Business and Politics - www.charlierose.com
Video Lessons on Economics, Finance and Math - http://www.khanacademy.org/
Podcasts on monetary policy, financial crisis, economic history etc. - www.econtalk.org
Weekly podcasts on monetary, economic, geo-political news and events - http://mcalvanyweeklycommentary.com/
Audio and Articles on Finance and Economics - www.financialsense.com
Economics/politics resources
Keep up to date with developments in Europe - http://www.eurointelligence.com/
http://www.stratfor.com/
http://www.marketoracle.co.uk/
http://www.maxkeiser.com
http://www.dailypfennig.com
http://www.caseyresearch.com
http://www.howestreet.com
http://www.dailyreckoning.com
http://www.berninger.de
http://www.zerohedge.com
http://www.nakedcapitalism.com
http://www.kingworldnews.com
Discussions about energy and its impacts on the future - http://www.theoildrum.com/
Economic indicators / Data
Economic Indicators for 231 countries - http://www.tradingeconomics.com/
www.data360.org
Central Bank Websites
Great Britain - http://www.bankofengland.co.uk
United States - http://www.federalreserve.gov
Europe - http://www.ecb.int
Japan - http://www.boj.or.jp/en
Australia - http://www.rba.gov.au
China - http://www.pbc.gov.cn/publish/english/963/index.html
Other institution websites
International Monetary Fund - http://www.imf.org/external/index.htm
World Bank - http://www.worldbank.org/
World Trade Organisation - http://www.wto.org/
Note: Other than just reading on the websites It would be interesting to get a book or two about their roles in the past.
Living the adventure in my head.