Penke Recommends: Third-party Tools that can help you

I recognize that I can’t do everything myself since we all have only so much time. I want to help you become a better trader/investor, and I know that the right tools and services can make a huge difference.

What I do now is scan the web for awesome tools and services created by others that I think will help you out as well. 

I’ve included a link to Trustpilot with each recommendation so that you can read the reviews yourself before using it. This way, you can make informed decisions based on the experiences of other investors/traders.

It's also a win-win-win situation. I'm helping you by providing valuable recommendations, I'm supporting the companies that genuinely help you, and I earn a referral fee (at no cost to you) so I can continue to help you on PenkeTrading.com! Even better, if it really helps you out, you can earn a referral fee yourself if you spread the word further.

How can you find useful tools in the investing/trading world?

First of all, don't just listen to my recommendations or anyone else's. Read reviews about the tools you want to use, for example on Trustpilot. But be careful, the stars can be misleading. I've seen tools with 4-5 star reviews on Trustpilot that are not legit, and I've also seen tools with 1-3 stars that are unfairly rated by bad actors. So my recommendation is to read the reviews carefully:

1. Go to Trustpilot and other review sites.
2. Sort by recent and check the frequency of the reviews.
3. Especially read the 1-2 star reviews and the company's replies.
4. Check if the 4-5 star reviews are legit. Ask yourself, are they written by a marketer? Are they perfect texts? (TIP: If Every Word Is Uppercase, It's Either A Marketer Or AI)
5. Be cautious of spammy 4-5 star reviews generated by AI.

Recommendations based on your financial situation

If you don't have a lot of money (yet)

If you're just starting out in trading and investing, the first thing you need is money. Money makes money. Focus on getting a job or becoming your own business owner to create a stable income stream. It's crucial to have a separate fund dedicated to investing.

The best investment you can make initially is in yourself. Unfortunately, the trading and investing world has many scammers promising quick and large returns. Often, they'll ask for money upfront, only for you to find out there are no returns at all. To avoid this, start with free information and tools available on Penke Trading. Additionally, invest some of your initial funds in books. Books offer a significant return on investment over your lifetime because they provide valuable knowledge.

Besides your regular income, you can make extra money online. Consider earning through gaming or becoming an affiliate marketer.

If you have plenty of money but don't know how to invest it

If you have substantial funds but aren't sure how to invest, I recommend spending on different tools. Many third-party tools are quite affordable, often around $25 a month. These tools provide valuable calculations and insights, helping you find the right stocks. The gains you achieve in return on investment far outweigh the small monthly fees.

Partnered exchanges and tools

I'm partnered with several third-party exchanges and tools. While I don't specifically endorse or recommend them, they might offer services that could be useful to you. Please do your own research and make decisions that best suit your needs.

Exchanges and tools I partner with are listed, but I encourage you to look into them thoroughly before making any commitments.