YouTube channels that actually teach useful information?

wrbtrader said:
Any particular reason why you're so vague ?

This is what you need to do. Sit down and decide for yourself what you're interested in learning. Next, type the key words in Youtube search. Lots of good free info there and you'll just have to skip over the stuff where someone is trying to sell something.

You could just go to Amazon and look for interesting books.

Someone just posted a thread here at the forum with a list of top 10 useful books for traders. I recommend you read that thread...may be useful.
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No I didn't mean to be so vague, I had assumed most people knew I was talking about trading. Thanks, I definitely been reading a lot of books on the topic
 
speedo said:
Yes, I would recommend reading a couple of books first to understand the vernacular and technical nuts and bolts. A good primer is John Murphy's Technical Analysis of the Financial Markets. Your time frame(s) can be decided later, signals are signals. Don't be in a hurry, if you are successful and the numbers are against you, it will likely take much longer than you would wish. This is a tough business but a great one if you succeed. Once you understand what is going on, your best education may come from watching price development on the charts......many many hours of observation and things will start to make sense. Price action is typically not as pretty as examples in books or seminar/workshops.
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Yes I've totally noticed this after attempting to annotate several charts on my own....quite imperfect. That's def a book I'll be looking into as I need a primer to TA and Charts. What would you recommend as far as observing charts...should I look at them after day close or as things unfold? Are any of the markets I can observe specifically good ones for this sort of practice? Obviously assuming high liquidity and volatility are going to be where I should look.
 
You want to see as they unfold but many platforms will allow you do do a rewind of the days action for viewing later and weekends. I have traded a number of markets but have become a one trick pony with the ES (S&P 500 emini futures contract), it's a good one to watch and trades upwards of a million contracts a day and generally has good range. Again, you will migrate to where you are comfortable and you have no idea where that is now.
 
Savoy said:
What are some youtube channels you guys have come across/or use that actually provide valuable information and are not trying to sell you a methodology?
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I can give you three I like-- but they do offer their services. One just passed so he might be more of a soft sell. OK, Mark Douglas for trading and market psychology. Linda Raschke. Jea Yu. I have used bits and pieces from all, and met two of them.
 
Yes, mark Douglas and Bret Steenbarger for psychology. Raschke is pricey but may still have her 3 day trial for $10 from which you can download a lot of their material (good stuff). lbr.com
 
speedo said:
Yes, mark Douglas and Bret Steenbarger for psychology. Raschke is pricey but may still have her 3 day trial for $10 from which you can download a lot of their material (good stuff). lbr.com
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LBR has a good post on YouTube. It's long. There's a lot there. My reaction to it was she is still doing the same thing after years. It's just more refined and she keeps learning. And sharing. She used to have an end of day service where you could review their trading and access her annotated charts. I found it useful but was too green to really,get it.
 
Savoy said:
Yes I've totally noticed this after attempting to annotate several charts on my own....quite imperfect. That's def a book I'll be looking into as I need a primer to TA and Charts. What would you recommend as far as observing charts...should I look at them after day close or as things unfold? Are any of the markets I can observe specifically good ones for this sort of practice? Obviously assuming high liquidity and volatility are going to be where I should look.
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Some people benefit from watching the tape, but it seems that the more analytical someone is, the more they gravitate towards systems and math. When I first started daytrading I had no idea what I was looking at, so I took LBR's suggestion and just wrote prices down every 10minutes in the SnP. That went on sporadically for three months before I made a trade. My girlfriend used to complain to my neighbor, who was a daytrader, that I was sitting all day doing nothing. Eventually the lightbulb went on
 
It is hard to find someone teaching anything of real value, but there are nuggets of gold out there. You may try this one and see what you think. He trades FDAX.


In some of the other videos he gives a brief explanation as to what he is looking for.

H.
 
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