Stocks & Commodities V. 23:12 (75-77): Websites For Traders: by David Penn

Stocks & Commodities V. 23:12 (75-77): Websites For Traders: by David Penn
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Stocks & Commodities V. 23:12 (75-77): Websites For Traders: by David Penn


Very early in his book How Markets Really Work, author, trader, and founder Larry Connors pays tribute to the writing of Michael Lewis. Lewis, author of "Liarís Poker" and "Moneyball," is famous for having shown how the insiders of the investment banking world of Wall Street plied their trade in the booming 1980s, and how a crafty baseball owner reinvented the way talent was evaluated in Major League Baseball in the late 1990s.

What ties the worlds of "Liarís Poker" and "Moneyball" together are two themes. First, the books offered a rare glimpse into worlds that most of us only know through stock tables and box scores. Second, in both instances the institutions involved ó Salomon Brothers and the Oakland Athletics, respectively ó decided they needed to rewrite the rules of the game in order to compete with older, richer, or simply better established competitors.

In visiting, it is readily apparent how both themes ó the value of seeing the world from the view of those on the inside and the willingness to abandon conventional wisdom ó have contributed to make this website one of the best resources on the Internet for stock, option, futures, and foreign exchange traders. Unlike many financial websites that use a mixture of journalists and money managers to discuss the financial news of the day, has from the beginning focused on bringing everyday active traders into the world of real world traders and money managers for whom trading the financial markets is their lifeís work.

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