InformedTrades.com Review

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I’ve been asked by David at InformedTrades.com to give a sponsored review of his web site: A community for traders serious about learning.

Informedtrades.com is hosted by David Waring, and contains free courses on trading, a discussion forum, and daily updates from various financial bloggers around the net.

I first checked out the free courses area, and was pretty impressed.  David’s included well-rounded reviews on the subjects of the basics of trading, technical analysis, fundamental analysis, stock trading, Forex trading, futures and options trading, and trading software.  The course catalog contains written as well as video information.  There are plenty of charts and examples of technical patterns to get any beginner started, or help a veteran brush up on their skills.  I definitely plan on checking out more of this section later.

David’s got some great ideas in his forum, which looks to be very community oriented.  I like the section “review my strategy”, where if you’ve got a strategy you want feedback on, you can post it and get reviews from other members of InformedTrades.com.

There’s plenty of brand new information and videos updated on the front page regularly.  Again I really like the use of video here.

I definitely recommend checking out InformedTrades.com.  I know I’ll be back to visit the free courses section, and check out what’s being said in the discussion forum.

An American Hedge Fund Book Review

an-american-hedge-fund.jpegTim Sykes of timothysykes.com, was kind enough to send me a copy of his book, “An American Hedge Fund“, for a pre-read before it’s release. Unique in the financial world, it’s a chance to take a peek at how an ambitious trader went from reading stock message boards on aol, to running his own hedge fund in his early 20’s.

Tim shares his experience with fear and greed throughout the book.

“One stock had tripled from $5, so I shorted it as it broke through the psychologically important $15 to the downside. I covered for more than $2 per share for a quick $30,000 profit in just over two hours. Screw all that self analysis! There was money to be made.”

He shows the difficulty of raising capital, and juggling trading at the same time.

“Another factor was I was a one man shop. Many other funds had grown exponentially through the efforts of multiple employees with decades of experience, third party marketing firms, and wealthy investor connections.”

In the end, Tim reflects on “Lessons Learned”.

“There is great value in learning from the mistakes of others. People seem to be embarrassed and too worried about their reputation to admit mistakes in print. Why? Sharing success and failure helps everyone to achieve their goals whatever they may be.”

Reading “An American Hedge Fund“, was enjoyable and eye opening. Tim’s transparency, and personal viewpoint of the hedge fund industry, make this book a recommended read for anyone interested in the world of trading and hedge funds.