I won’t make any money trades until after the May 10th FOMC meeting or if a great opportunity rises suddenly so in the meantime, I’d like to point out some educational resources that have helped me over the year. The most important aspect of these resources (with the exception of one) is that they are all FREE. Here are the top five.

1. http://www.investopedia.com/university/ – a great resource for beginners which includes a stock simulator that allows you to buy/sell stocks and options. The site defines many terms in a simple straightforward manner.

2. http://www.stockcharts.com/education/ChartAnalysis/whatAreCharts.html – Ever wanted to know what all those symbols, characters and lines mean on those stock charts? This is the place that explains it all.

3. http://www.kellerpublishing.com/VSW_index.htm – Although not FREE, this book is entertaining and highly educational. I derived the bases of one of my MMO strategies here but expanded it to primarily work with Exchange Traded Funds instead of individual stocks. I highly recommend this book.

4. http://www.dinkytown.net/ – This website has just about every calculator related to finance that is critical for you to be successful in your financial life. It’s a great place to learn how your investments can grow (or not) based on various assumptions.

5. http://www.optionscentral.com/basics/default.jsp – If you ever wanted to learn about options trading this is the place to go. An alternative resource is also http://www.cboedirect.com/LearnCenter/Tutorials.aspx from the CBOE.

Remember, the key investment you need to make here is time to education yourself. I’ll post more educational resources later on.

-Rich Slick