Karsten's Picks: Trading Resources I Like
From time to time I come across websites, channels and tools for traders that I find genuinely useful. I collect them here, each with a short note on what you get there.
These are personal recommendations. If we work with someone, the note says so. The links are not affiliate links, and every link opens in a new tab.
Recommended resources
- Read trading research
Technical Analysis of Stocks & Commodities
The traders' magazine since 1982, with monthly articles on indicators, chart patterns and trading systems by authors such as John Ehlers and Perry Kaufman. The monthly Traders' Tips turn one article into code for common trading platforms, and a searchable archive goes back to the first issue. Some articles are free; the full archive needs a subscription. I have known it for at least 30 years: it was one of my first sources, long before the internet, and I learned a lot from it.
- Get a daily chart read
Verified Investing (Gareth Soloway)
Free YouTube shows several times a trading day: Gareth Soloway and his team go through stocks, gold, oil and Bitcoin with trend lines, support and resistance and exact levels. Straightforward chart analysis, the kind I use myself, from an experienced trader without hype.
- Learn price action trading
Trading Setups Review
The English site of Galen Woods, with free guides on price action, technical indicators, volume, day trading and swing trading, explained with carefully annotated charts. Galen is our partner and also writes for our German site.
- Look up economic data
FRED (St. Louis Fed)
Free economic data from the Federal Reserve Bank of St. Louis: interest rates, inflation, yields, employment and much more, with charts you can adjust and download. Useful background for central bank decisions and interest rate forecasts.
- See how big traders are positioned
CFTC Commitments of Traders
The weekly report of the US futures regulator, published on Fridays with data from Tuesday. It shows how commercial hedgers, large speculators and small traders are positioned in markets such as gold, oil, currencies and stock indices.
- Screen stocks
Finviz
A stock screener with many filters and the well-known market heatmap, which shows at a glance which sectors and stocks are rising or falling. The basic version is free.
- Plan around economic news
Forex Factory calendar
A clear calendar of economic releases and central bank events, sorted by expected impact. Helpful to know before a trade when interest rate decisions, inflation data or job reports are due.
- Learn futures and options
CME Group Education
Free self-paced courses from the Chicago exchange operator itself, from the basics of futures and options to individual products such as index, interest rate and metal futures.
- Study classical chart patterns
Peter Brandt (Factor Trading)
The site of Peter L. Brandt, a trader with more than 40 years in the markets. He works with classical chart patterns such as triangles, flags and head and shoulders, close to how we read charts.
- Work on trading psychology
TraderFeed (Brett Steenbarger)
The blog of psychologist Brett Steenbarger, who coaches professional traders. He writes about discipline, self-review and how traders can build on their strengths.
- Hear how traders work
Chat With Traders
A podcast with long interviews since 2015: active traders talk about their strategies, mistakes and psychology.
- Understand trend following
Top Traders Unplugged
A podcast about trend following, systematic trading and global macro, with fund managers, researchers and authors.
- Master Sierra Chart and IBKR
VerrilloTrading
Videos and open-source tools for traders, mostly about Sierra Chart and Interactive Brokers. Helpful if you want to set up these platforms properly or automate parts of your workflow, for example chart drawing alerts sent to Telegram.