The average retail trader often tends to spend a lot of money at the start of their trading journey. From risking real money without correctly understanding the risk management principles to not having a trading strategy which is soon followed by the eternal chase for the holy grail in the likes of purchasing a couple of black box trading systems, only to end up back at square one.
While the amount of money a trader loses initially can vary, that money could have been put to better use, subscribing to a few industry-renowned trading magazines. Not only do these trading magazines offer you valuable information but quite often you can pick up nuggets of wisdom that would have otherwise been missed.
So without much further ado, and regardless of whether you trade stocks, forex or futures, and options, here are the top five trading magazines that have not only stood the test of time but are also known to provide some top notch content.
Technical Analysis of Stocks & Commodities (traders.com)
TASC, as it is fondly known is one of the oldest journals serving the trading community. Subscribing to this magazine is a must as it contains not just delivery of the magazine but also access to the digital archives, dating back to 1982.
A one-year subscription costs you $89.99, and it is well worth every penny as it allows you complete downloadable access to all the back dated issues.
The TASC focuses more on the technical aspects of trading and can be considered intermediary to advanced reading. The monthly issues come with different sections such as trading strategies, free Ninjatrader/Metastock/MT4 codes for some of the trading strategy articles, trader interviews and lots more to keep you busy in a good way. If you like trading and you are comfortable with technical analysis, then Technical Analysis of Stocks and Commodities is worth subscribing to.
There are many trading magazines that come and go, but TASC is one of the very few that has stood the test of time and therefore ranks as #1 in the list.
Spread Betting Magazine (Issuu)
Spread Betting Magazine is a free magazine initiative launched by financial-spread-betting.com. Although the name sounds as if the magazine is more tuned to spread betting, they also dedicate decent reading space for CFD trading as well.
It is free of charge, but don’t let that dismiss you. The contents of the magazine are quite unique, and those in the UK will find reading spread betting magazine more in tune to the City.
The stock picks that are presented in the Spread betting magazine are also picked from the FTSE100, which can be a welcome change for many who prefer to see insights on other markets than just the US equities.
So far, Spread Betting magazine has published 42 issues and carries some good analysts such as Alpesh Patel, a well-known name in the UK financial market circuit and Simon Cawkwell aka Evil Knievel, a well-known name among the UK’s spread betting circles.
Note: The last published issue date was October 2015.
Traders World magazine is a very technical magazine and often features the unique trading approaches such as Gann, Elliott Wave, Cycles and so on. In terms of the markets, the magazine offers a balanced view and covers futures, equities, and forex.
The TradersWorld magazine is published every quarter, and the subscription costs $19.95 for a year that gives you four magazines.
You also get two full months to read on the back issues of the Traders World magazine which dates back to 1986.
There is no print format, and therefore you can simply download the PDF version of the magazine.
FX Trader Magazine (fxtradermagazine.com)
FX Trader Magazine is a three-time winner of the Fx Street Best Magazine award for 2011, 2012 and 2013. If currency trading is what you live and breathe, then FxTraderMagazine.com is the right match for you. The magazine dedicates most of its content for the forex markets and features sections on trading strategies, monetary policies and other unique topics such as outlook on specific markets.
FxTraderMagazine is published on a quarterly basis and is free of cost to view/read on your desktop or smart phone/tablets.
ModernTrader is brought to you by the folks at Futuresmag.com As the name suggests, if you are into trading futures then ModernTrader is the choice, but that is not to say that there isn’t anything for currency traders.
A one-year subscription to ModernTrader costs you $79 and includes digital access to the magazine as well as print delivery to your doorstep and an extra month. You also get full access to the back issues as well.
ModernTrader features good articles that covers forex, futures, and options and also has special sections such as trading strategies and other timely articles.