Stock Markets Exposed
seen infomercial on stock trading program where it is a process of watching red/green lights need name it?
The program is to make tranding stock simple to a person that knows nothing about stock. You enter in the stock and by a show of lights it will tell you when to buy/sell by the type of investor you are. All information about help trading programs wanted.
Public Comments
- The program you're probalbly thinking about is vector trade or some such similar trading program. You can do the same "red, yellow, green" color code with an XL spread sheet, by down loading fundamental and techincal data from various websites. The problem is that there is no magic bullet that will guarantee that you will make money from a software program by watching the red and green, buy and sell orders. THERE IS NO SUCH PROGRAM IN EXISTANCE. You must do the research yourself and make informed decisions based on fundamentals and techincal analysis. There are 8000+ stocks out there and your job is to filter these down to a managable level based on the criteria that you select. There's a multitude of stock trading books out there and if you research and think you will manage to pick stocks that will accelerate in price. Good luck! BTW: One program that I like the best is TC 2000. The Wordens have done an excellent job of providing the tools that the average investor can use, along with the philosophy of investing, that will make you a success. ///
- There are lots of trading programs, many that sell software packages to 'help' people execute the trading program. TradeStation and TCNet are two that come to mind. Beware. Remember infomercials are designed to do only one thing - sell product. They usually do a good job of sounding like they're trying to help you, they've got the best deal anybody's ever heard of, they have a 'sure thing', etc. But in reality what they're peddling is mostly hype. (Not to say they're generally fraudulent, just that they are great at making a product sound like much more than it really is.) Also, if you decide to get into trading stocks, you should realize that most people fail at it. Reasons for this include that you are in the market trading with/against big-time professionals who do this full-time, have years of experience behind them, and have learned so much that would take you months and probably years to catch up with. Also, trading involves commissions, so making a profit is more than just a matter of selling higher than buy price - you have to sell higher than buy price + entry commission + exit commission. And generally you have to have a large sum of capital to invest to make the trading worth it - because traders are often just looking for pennies of increase. This is out of necessity as generally a stock won't move that much in any given day. If you still want to try it, read the fine print - you often have to execute a certain number of trades in a month or extra fees could apply. You may want to start with imaginary trades to see how well you understand system and track whether you would have made or lost money. But I think better choice would be to just find some quality stocks or mutual funds, put your money into them, and give them time (i.e. years) to generate a good return for you.
