The old saying “Those who ignore history are doomed to repeat it,” is a saying told in a thousand different ways and known in some form or another by virtually everyone. This is especially true in financial markets where an entire field of analysis (technical analysis) is built around the idea of recurring patterns that have been solid indicators in the past. None of these patterns are necessarily 100% accurate all the time but over the years and decades, if historic tick data software shows patterns that indicate a potential movement ahead, people notice.
The same is true with fundamental influences on a wide variety of different markets. From the laws and regulations and how they affect markets to various other economic situations, a good financial historian will understand how commodities, unemployment, wealth imbalance, laws, regulations, and more can all affect how markets work. So the question is, how do you find the high quality sources for historical financial data you want online?
The good news is that you might have even more options than you think.
Stocks Are Easy
There are dozens, if not hundreds, of websites that not only store various financial data from past stock markets, but many have excel spreadsheets of individual stocks that can contain monthly, weekly, or yearly information as to where the ending price was at close of each of those time periods.
The key is to be specific with a Google search. What are you looking for? Are you looking for full records of one stock? Are you looking for decade by decade trends of how various stock markets have performed, or do you want to study a variety of stocks to see what sectors go up while others go down from one year to another? Are you wondering which company specializes in trade surveillance?
Figuring out exactly what you need will go a long way towards finding the right website and right records to get the information you need.
Commodity Reports: General Versus Specific
Commodity reports can be a little bit more tricky. Getting day to day closing reports over decades can be a bit of a challenge, though the best strategy can be looking for the market sites of a specific commodity you are looking at and request records from a certain time period. If general trends like monthly or yearly work for what you need to see, those can often be found online up to a certain number of years depending what commodities you are actually following.
In Conclusion
History matters, especially if you want to understand the long-term way that different markets work and what you need to know in order to profit from them. The good news is that even as far back as the 1920s and 1930s, there was an obsession with charts and records to keep track of short and long term movements in prices whether in the stock markets or in commodities. By taking advantage of the many online websites that connect to old data, you will have the ability to research whatever it is that has gained your attention in the first place.
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