Best Free Day Trading Sites and Sources
Best free day trading sites and sources:
Tradingview - best analytics platform with charts for over 1000 assets
Investing.com - best analytical portal with author's forecasts and technical tools for analysis.
Learn 2 Trade - best platform with high accuracy signals.
ZIGDAO - best social trading platform for cryptocurrency trading.
Successful day trading requires access to quality market data, trading platforms, news, and education. While many brokerages offer these services and tools, they often come with account minimums, subscription fees, commissions, and other costs that can limit accessibility for new traders with limited capital.
Fortunately, there are now a range of free online resources that provide the information, platforms, and community needed to get started in day trading without breaking the bank.
In this article, we’ll highlight the top free websites, platforms, communities, and sources for aspiring day traders looking to minimize upfront costs while developing their skills and knowledge. These essential free tools can help traders execute trades, test strategies, conduct analysis, and connect with other market participants – all without spending a dime.
3 Free Websites for Charting
Trading View
TradingView offers a clean and user-friendly interface that makes it easy to read forex charts. Their charts are community-driven, and they provide technical analysis by giving traders a choice to use annotations on each chart.
You can also access more detailed charts as well as advanced features and real-time data. Overall, TradingView is likely the best website for free stock charts.
It’s also the largest network of self-directed traders since it provides access to advanced features. In addition, you can find real-time quotes, draw your charts testing many indicators, and watch expert trading ideas. You can also share your content and discuss it with other traders to improve your day trading strategies.
Investing.com
Investing.com is a great source for tools and information about the financial markets. These tools and resources include real-time quotes and streaming charts, technical analysis, an economic calendar, calculators, brokers directory and listings, and up-to-date financial news. You’ll find that the site has plenty of in-depth information on various financial markets, including forex currencies, digital currencies, indices and stocks, futures and options, commodities, and bonds. Millions of traders around the world utilize this site for charting and other useful tools.
Yahoo! Finance
Yahoo Finance is yet another great free website that offers many charting tools. It’s also a news service that provides lots of content and news about the financial markets. It has an easy-to-use interface for simple navigation.
While browsing the site’s charts and news, you’ll see that it has a place where you can buy and sell forex. So, YF has implemented a broker integration that allows you to trade with your chosen broker right from Yahoo charts.
Websites With Useful Tools
Trading Economics
Trading Economics is a highly useful forex website that offers tools for day trading. It offers exchange rates and over 20 million economic indicators. Their data is based on official sources, not third-party data providers. Plus, their facts are regularly checked for inconsistencies. Their website has received more than 1.3 billion page views from more than 200 countries.
Forex Factory
Forex Factory is a great website for day traders who are looking for useful tools to help with their trading strategies and success. It provides an economic calendar with valuable information for all types of traders, whether you’re a beginner or more experienced trader. of the most popular sites for forex traders online today. Using their calendar will give you the ability to understand how the news impacts the market. Ultimately, you can increase your profits.
The Forex Factory calendar includes significant news releases like:
Housing data
Employment data
Inflation data
Interest rates
When using the platform, you’ll find that the different news releases are posted for many countries at different times and dates. And one of the best features of Forex Factory is that you won’t have to download anything onto your computer to use the calendar. All you need is to go to the website and access the calendar.
StockCharts.com
StockCharts.com offers day traders a simple and clean user interface, providing some of the most useful trading tools on the market, including indicators for calculating support and resistance levels and an economic calendar. These tools will be quite helpful in helping traders analyze any financial markets chart. However, if you want to access historical charting and do further analysis, you’ll have to upgrade to a paid subscription.
Top 5 Day Trading Signals Websites
Learn 2 Trade
Whether you’re an experienced investor or you’re just learning the ropes of trading, you may enjoy using Learn 2 Trade. The platform is a highly useful daily signal provider for both forex and cryptocurrencies.
While the platform mostly focuses on forex day trading signals, its indicators and signals can be useful for any kind of day trader. Users can receive Learn 2 Trade’s signals via a Telegram channel, often between three and five times a day.
When you access the site online, you’ll also get real-time day trading signals.
This is alongside real-time day trading signals available online.
Try Learn2Trade now!ZIGDAO
Cryptocurrencies, NFTs, and the metaverse are growing in popularity at a rapid pace. However, because the industry is so volatile and new, it’s a good idea for traders to get signals to help with their success.
As a social trading platform, ZIGDAO shares signals and functions through profit-sharing incentives that enrich all users.
The platform functions without fees. And crypto day traders only have to pay for ZIGDAO’s trading indicators when they actually make a profit.
Try ZIGDAO nowForexSignals.com
ForexSignals.com is trusted by tens of thousands of traders all over the world. A combination of experienced traders and beginner investors use the platform for day trading signals.When using this website, you’ll be a part of an active and dynamic trading community. So, you can find the best technical indicators for day trading easily by interacting with other members.
Try ForexSignals.com Trading Signals NowFXPremiere.com
FXPriemiere.com offers up to 15 day trading signals a day through an exclusive Telegram channel. It’s also popular with beginners, becoming a core component of many investors’ strategies over the long-term.
Their indicators promise 90% accuracy in day trading signals, which involves using low-risk investment. So, whether you’re new to trading or have been trading for a while, you can lower your risk when using FXPremiere’s indicators.
AvaTrading
While some of the best daily signal providers offer social trading, day trading signals, and more While many of our favorite daily signals specialists offer social trading, day trading signals and so forth, AvaTrading brings something different. When you use the platform, you’ll be able to combine automated and manual day trading signals.
4 Day Trading News Websites
CNBC Markets
CNBC Markets is a great website that contains a lot of useful information. We have to say that this website contains a lot of information. So, you get plenty of insight to help you make the right trading decisions. Plus, the site aggregates news from credible sources like Reuters, giving you access to the most reliable and latest news on financial markets.
You may also enjoy that CNBC Markets is a business news broadcaster. So, they have a reliable network of reporters and a good number of viewers.
However, there is a limit to what you can access on this website. If you want access to all content, you’ll have to pay $29.99 per month. When you subscribe, you’ll be able to access three major live streams with region-personalized information from Europe, America, and Asia. With the subscription, CNBC Markets also provides data trends that can help you trade better.
Seeking Alpha
Seeking Alpha is the world’s biggest financial analysis website. On the website, analysts have the ability to post their analysis on companies, commodities, forex, and other asset classes.
Popular investors like Bill Ackman have shared content on Seeking Alpha. In fact, he published one article on Seeking Alpha that led to Valeant losing more than 50% of its value after the article was published.
MarketWatch
MarketWatch is a well-established day trading news site that’s been around for a long time. It makes part of the Dow Jones business network which includes the BigCharts, Barrons, and Wall Street Journal.
The website allows traders to access updated news on the financial markets for free. Investors can also use the site to view stock information and trade their portfolios. Surprisingly, the platform offers news for free and this allows investors to go about their usual tasks of viewing standard stock information and tracking their portfolios using their free accounts.
You can also leverage MarketWatch News Viewer, with the ability to rapidly scan the latest in news. While this feature isn’t perfect, it doesn’t take away from the fact that MarketWatch is one of the best free real-time trading news tools available.
MetaStock
If you’re looking to access large stock systems, comprehensive real-time news, and technical analysis, MetaStock may be a perfect choice. Or even if you just want to access their news, you’ll enjoy that the website offers reliable, up-to-date information about what’s going on the world and how it can affect the financial markets.
In addition to news articles, MetaStock also offers special news features, such as comprehensive financial information on companies, charts, stock quotes, analyst estimates, and more.
Best Day Trader Sources in Social Media
The_real_fly
@The_real_fly is one of the most followed feeds on the interactive community StockTwits, which collects financial information from Twitter and social media sites. Follow this account to stay up-to-date on market trends, including trading ideas and articles that offers insights on breaking financial news.
Fousalerts
If you’re interested in micro-cap stocks, penny stocks and small investments, then you might consider following Cameron Fous. On his feed, you’ll get real-time alerts and trading. You can also take advantage of Focus' subscription service and access additional resources.
Bloombergnews
Bloomberg is one of the most well-known financial news outlets. To get real-time alerts and notifications about what’s happening in the financial markets, follow @bloombergnews. Stay up-to-date on global markets as well as securities and commodities without having to check the web for market news.
Zerohedge
Follow @Zerohedge for Twitter stock market information. Join thousands of followers, and get access to news on financial markets. Zerohedge tweets breaking news, information on political events, and real-time market updates. When you follow this account, you’ll get a complete look at global markets and the events that drive changes in the financial market.
Best Day Trading Platform 2024
eToro
Looking for the best day trading platform? eToro may just be the best one out there. It’s a highly Innovative platform that gained its popularity as a social investing platform. Their social investing feature includes a social-media like feed where users share their thoughts and comments. When you log into the platform, you’ll immediately see a feed that has users’ thoughts on different financial markets.
Previously, eToro only provided cryptocurrencies for traders in the U.S. In 2023, eToro began offering U.S. customers access to free stock and ETF trading. However, U.S. traders still aren’t able to trade forex on the platform.
And if you’re a beginner looking to learn more about day trading, then you’ll likely appreciate the fact that the eToro platform offers various learning resources that share information about individual coins, the broader cryptocurrency market, and investing in general. Advanced traders can also access more involved and detailed information to help them improve their trading strategies. The research and educational resources are tailored to beginner to advanced users.
What makes eToro stand out from other trading platforms is that it also shares the latest news on financial markets. Its News and Analysis section offers the latest market news and thoughtful insights about investing in different markets.
FAQs
What websites are good for day trading?
There are a wide range of websites available to help day traders become successful and learn about financial markets. News websites, social media accounts, websites with useful tools, and charts are great resources for day traders.
Is it hard to become a day trader?
It’s not necessarily hard to become a day trader. However, it may seem difficult at first since you’ll be new to the concepts and strategies. With that said, it often takes time patience, resilience, and determination to be successful as a day trader.
How many indicators should I use for day trading?
Some traders rely on the 12-day and 26-day EMAs. However, to make things more simple, you can use four main indicators to identify trading entry and exit points. These include Moving Average, RSI (Relative Strength Index), Slow Stochastic, and MACD.
Where do day traders get their news?
Many day traders get their news from CNBC, Bloomberg, and some social media accounts.
Team that worked on the article
Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.