Comments on: Anyone know of a good day trading software?

By: Trading

Trading — Wed, 08 Jul 2009 08:53:59 +0000

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By: dan

dan — Wed, 08 Jul 2009 08:05:59 +0000

If you need to free up a lot of your time, then automated trading systems may be worth looking into for your situation. Some info can be found here: http://www.codexcommodities.com/Automated_Trading_Systems_Futures_Commodity_3.html
(But be careful and do your research though, becasue there’s a lot of absolutely worthless systems out there too!)
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By: Sherlock

Sherlock — Wed, 08 Jul 2009 07:39:59 +0000

http://www.comparethestockmarket.com Hope this helps.
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By: j b

j b — Wed, 08 Jul 2009 07:22:59 +0000

Software is for analysis, so without knowing what kind of analysis you’re doing, its tough to answer the question. A lot depends on what you’re using to make trades. If you’re just trading fundamentals/news (which case you will likely get owned) I imagine you don’t need any specialized software other than what you’re broker provides. Most of them provide, for free, basic real time charts and streaming quotes. That’s all most people need. And most people lose money.

If you’re every going to get serious about it (which I do not suggest because its ridiculously difficult) then I suggest picking up a book on technical analysis. One you’ve waded through that you will want specialized software. The cool thing is that you can try it all for free for as long as you want. I recommend ninja trader. I use it for futures and currencies. If you want to download it and use it for free check out Amp futures (google).

I hate to break this to you, but perhaps its the best thing-or maybe you already know. Finance school will do absolutely 100% nothing to teach you about trading. So do well in school, but for trading you’re going to have to count on you’re own research. Futures trading is zero-sum. Any money you make comes directly out the pocket of another trader that same day. How are you going to take their money? That’s what you need to figure out. Also consider if this is really what you want to do because while the rewards can be lucrative, it will probably be the hardest thing you will ever do. School is easy, its designed so that anyone can do it. Trading is the opposite.

So think hard if this is really what you want, or if its just a hobby. Remember also that being young doesn’t buy you anything. I’m 21 and when it comes to taking their money, no one cares.
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full time futures day trader

By: Gremmie

Gremmie — Wed, 08 Jul 2009 07:07:59 +0000

I looked at the site you sent and it looks a little interesting. However, I disagree with the fact that indicators won’t work just because they’re old. In fact, I would say the opposite is true – the reason they are still around is because they work so well.

I use ThinkorSwim for daytrading. They have the best software of the brokers I checked out as well as really great commission pricing. One thing they don’t do is tell you when to enter and when to exit a trade. If you are looking for software that does that, I would encourage you to learn to read charts on your own and not be dependent on any software for your trading.

Edit – Oh, and stay away from the forex robots. At least 99% are scams and I wouldn’t reward them for all the spam they put on the internet.
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