By Scott B Price
Our computers do a lot of things for us. We learn new facts and disprove old ones. We shop for everything from clothes to cars on the Internet. We can even get the degree of our choosing without ever leaving the comfort of our homes. With this type of technology it comes to no surprise that we can take on the currency market while laying in our beds!
No matter how you trade, or what your skill level may be, having the right day trading software is essential to your home trading knowledge and abilities. Some software will educate you in the basics of trading, while others will teach you how to track a particular currency pair and how to watch for trends. Currency trading has become one of the Internets fastest growing markets, not only at the professional level, but also for individual home-based traders.
Day trading software can get you on the right track to becoming successful whether you trade part time or you make trading your career. Do not overestimate the power of a day trading program. Just downloading the program on your home computer will not make you a currency trading wizard overnight, but the right software can help you get on your way there.
You must be aware that there are drawbacks to day trading software, the very least of which is faulty disks and incompatibility issues. Another issue is the changing atmosphere of the trading market - would software downloaded today still be relevant in two months time? Is buying new day trading software every four of five months even a sound financial deal? Using a variety of different software may eliminate some of these risks, but that brings up a whole new list of issues to consider. The answer might be to install the best available day trading software on your computer that offers the option to upgrade. Some software have a trade in or trade up program, but many of them don't advertise these outright, so make sure to ask.
Look for the features you will need the based on your own trading abilities and style. If you trade mostly one type of currency pair for instance, your software should be able to chart and track that currency. If you deal with cross currencies for example, than you will want to make sure that the currency software you purchase is designed for the pairs you trade.
Some day trading software have options that allow you to track currency trading news. A clear advantage to a good program is the ability to walk away from your computer without missing a major event in the currency market - you set the program and it sends you an email or text to alert you, allowing the option to check what the event then or at a later time.
Saturday, May 16, 2009
Wednesday, May 6, 2009
My Day Trading Robot Review
By Jonathan Langley
Day Trading Robot is one of the newer stock picking systems to hit the market in recent months. I'm an avid day trader and recently it seems like I can't go anywhere without hearing about this system. I heard that you could get a full money back guarantee if you weren't 100% satisfied so I gave into my curiosity and bought the system. I've been using it for 3 months now so here are my documented results.
First a little about how Day Trading Robot works. Like most stock picking systems out there, this system uses mathematical algorithms to analyze real time market data, sifting through it looking for profitable trading opportunities. This particular system is based on 23 trading techniques which look at successful trends in the past, looks into the factors which led to that trend being formed, and then look for similar patterns in current market data. Once they find similarities in up to date market data, they investigate further. If Day Trading Robot finds what it deems to be a profitable and guaranteed money making trend, it emails you accordingly so that you can trade accordingly.
I've never used any stock picking software in the past because I believed that if it were that easy to dominate the market, everyone would be doing it. After years of people asking me if I had ever tried any systems like this, I suppose part of me figured I could give them a definite answer after using what many websites are hailing as the best day trading system available today.
Well, I signed up for the members list and received my first stock pick shortly after. I signed up for a practice trading account so that I could not only track my results but see the profits (or losses) in my account first hand. I bought $1000 worth of shares of the first recommended penny stock (it primarily deals in penny stocks), logged out and left it alone, and the following day I logged in to find that that $1000 had turned into $1600 overnight. I was shocked and sold it off to collect my virtual gains so that I could invest in the next pick.
I've also found Day Trading Robot to be ideal in today's economy. Because of the ailing market, many stocks have bottomed out or are close to bottoming out, meaning that if you can identify those which are poised to turn around, you can buy at the lowest that many of these stocks have ever been and ride them back to the top as they recover. Day Trading Robot is incredibly adept at distinguishing the failing from the ready to turn around.
I continue to use Day Trading Robot today and attribute its success to the fact that it relies exclusively on real time market data and sophisticated and ever evolving algorithms rather than any amount of guesswork or emotions which other traders unfortunately base their picks on. Because all of the heavy lifting is done for you, all you've got to know o be able to do to be successful in this market with this artillery is enact trades using an electronic online trading account.
I wholly suggest that you don't take my word on this if you're still understandably skeptical about this system's ability to help you achieve your financial independence. As I briefly touched on, Day Trading Robot comes with an iron clad, 60 day full money back guarantee which convinced me to try it in the first place, as well. You don't even have to risk any money to test it as you can simply follow the recommended picks along in their progress in the market to gauge their performance, making the entire transaction risk free.
Day Trading Robot is one of the newer stock picking systems to hit the market in recent months. I'm an avid day trader and recently it seems like I can't go anywhere without hearing about this system. I heard that you could get a full money back guarantee if you weren't 100% satisfied so I gave into my curiosity and bought the system. I've been using it for 3 months now so here are my documented results.
First a little about how Day Trading Robot works. Like most stock picking systems out there, this system uses mathematical algorithms to analyze real time market data, sifting through it looking for profitable trading opportunities. This particular system is based on 23 trading techniques which look at successful trends in the past, looks into the factors which led to that trend being formed, and then look for similar patterns in current market data. Once they find similarities in up to date market data, they investigate further. If Day Trading Robot finds what it deems to be a profitable and guaranteed money making trend, it emails you accordingly so that you can trade accordingly.
I've never used any stock picking software in the past because I believed that if it were that easy to dominate the market, everyone would be doing it. After years of people asking me if I had ever tried any systems like this, I suppose part of me figured I could give them a definite answer after using what many websites are hailing as the best day trading system available today.
Well, I signed up for the members list and received my first stock pick shortly after. I signed up for a practice trading account so that I could not only track my results but see the profits (or losses) in my account first hand. I bought $1000 worth of shares of the first recommended penny stock (it primarily deals in penny stocks), logged out and left it alone, and the following day I logged in to find that that $1000 had turned into $1600 overnight. I was shocked and sold it off to collect my virtual gains so that I could invest in the next pick.
I've also found Day Trading Robot to be ideal in today's economy. Because of the ailing market, many stocks have bottomed out or are close to bottoming out, meaning that if you can identify those which are poised to turn around, you can buy at the lowest that many of these stocks have ever been and ride them back to the top as they recover. Day Trading Robot is incredibly adept at distinguishing the failing from the ready to turn around.
I continue to use Day Trading Robot today and attribute its success to the fact that it relies exclusively on real time market data and sophisticated and ever evolving algorithms rather than any amount of guesswork or emotions which other traders unfortunately base their picks on. Because all of the heavy lifting is done for you, all you've got to know o be able to do to be successful in this market with this artillery is enact trades using an electronic online trading account.
I wholly suggest that you don't take my word on this if you're still understandably skeptical about this system's ability to help you achieve your financial independence. As I briefly touched on, Day Trading Robot comes with an iron clad, 60 day full money back guarantee which convinced me to try it in the first place, as well. You don't even have to risk any money to test it as you can simply follow the recommended picks along in their progress in the market to gauge their performance, making the entire transaction risk free.
Subscribe to:
Posts (Atom)