Any good guides/101s to trading?
Any good internet guides/books to trading? I just want to try it out for fun this summer before I start UW as a freshman. Thanks!
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Not a 101 but a good read: Stock Market Wizards: Interviews with America's Top Stock Traders
Markets always change so you'll never find a book to teach you how to make money... if you do, it will be outdated except for general broad principles that aren't directly applicable or are arbitraged out of the markets already.
Basically, traders need to know how markets work very very well so the first step recommended to me by my mentors are to really understand the structure of a market, the products available, and te basic strategies and drivers of value for those products.
Also, data analysis wil be helpful.
what are some online broker type websites that I can try out?
It depends on your trading strategy. Are you a fundamentalist or a market technician?
As a fundamentalist, you better understand, well, the fundamentals of what you are trading. So, for Energy, when I was in school I started with Oil 101, slightly older book, but gives a great overview of the energy industry. Then you can branch out to the particular energy you want to study.
The motley Fool had a decent list of books that they recommend reading while you are in college.
Also, understand Economics. Economic Bible, Economic indicators
To be a technician, well, everyone has a different opinion on that. My opinion is, learn the basics first and then learn what works for you. So, basics, you better understand Candles, RSI, MACD, Stochastics, etc. You could also take a look at the reading list for the CMT.
Know your stats
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