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I am considering buying an onine trading program but I can't seem to make up my mind! They all state some good gains. I am wondering if anyone has tested and compared programs to determine which has the best track record. Thanks.

2006-12-06 11:14:53 · 5 answers · asked by Yetiman 1 in Business & Finance Investing

5 answers

Hi,
Never trust to "black box". All of them shows very good profit on historical data however real income will be much more lower or even you have loss. Just imagine it the software is so profitable so why they are selling it for US$3000 or similar amount. It should cost millions. If I would have such unique software I won't sell it for so low price. Actually I won't sell it at all because it would give me amazing profit, isn't it?
So if it looks to good to be the true, probably it is.

Best trading system is that you created yourself. Read and study those books and you will be abble to create your own unique trading system and technique.
Market Wizards by Jack D. Schwager;
Technical Analysis by Jack D. Schwager;

Comprehensive Course on The Wave Principle by A.J. Frost and Robert Prechter;

Candlestick Charting Explained- Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris;

Trading Chaos – Applying Expert Techniques to Maximize Your Profit by Bill Williams;
New Trading Dimensions by Bill Williams

GOOD LUCK!

2006-12-06 20:05:58 · answer #1 · answered by VP 3 · 0 0

I think the best way to trade is to first study what the best traders are buying and selling and why. This is the idea behind the site http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas.

Here are this month's best traders:

http://www.top10traders.com/Top10Standings.aspx

Good luck.

2006-12-06 21:27:04 · answer #2 · answered by Anonymous · 0 0

Check out my site and register for free
http://matt12345.17.forumer.com/index.php

2006-12-06 20:23:15 · answer #3 · answered by matt f 1 · 0 0

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