Is it easy for fairly new people to the internet , who has no experience in trading etc. Is it an easy system to understand and work ?
Has anyone out there had any experiences with them ? thxs
2007-02-11 16:39:26 · 4 answers · asked by Wishing 3 in Business & Finance ➔ Investing
WiseTrade is the oldest trick in the book when it comes to selling financial ideas. What they have created is a system, what we in the industry refer to as a black box. We call it a black box because it just sends out signals and tell you when to buy and sell.
Now divisions within D.E Shaw and Barclays PLC hire Ph.D's in Finance, Astrophysics, Engineering, and Pure Mathematics to find inefficiencies within the market and create systems to exploit them. These inefficiencies are VERY rare, which is why they must be kept a secret, or else they will be bid and asked to equilibrium through a process called arbitrage.
Regardless, as you can see from above, if anyone had a system that worked, you would not be selling it on TV, as it would become worthless after a number of people started using it.
2007-02-11 18:50:50 · answer #1 · answered by Dr. Daniel 2 · 1⤊ 1⤋
Wizetrade is ok. Yes, it's a blackbox, but it's safe and works fine. It's not based on any arbitrage, but seems to be based more on certain technical indicators being in alignment.
Their rules that you follow make the probability of a winning trade to be very high since it's a trend following system.
The biggest issue I had with using it was finding stocks that fit their parameters. They have a companion product, wizefinder to help you find stocks that fit their criteria, but depending on the day, you may/may not find stocks fitting the acceptable patterns.
Overall, when you do find stocks that fit, you're good to go. The question is, how often will you find those stocks that fit what you need. If you don't know too much about trading, it's a pretty good system and they do work with you and have LOTS of support to help you learn the system.
Be sure to use the free trial time to test it out for yourself first though. Don't do the one from the preview. Wait and sign up with one of their sales people. That way you'll get a whole month to try it instead of just a few days.
If you have any questions, let me know.
Good luck!
2007-02-15 19:18:39 · answer #2 · answered by Yada Yada Yada 7 · 0⤊ 0⤋
i wanted to try wizetrade myself but anytime i encountered someone who knew a lot about investing and have tried it ive heard nothing but bad things
2007-02-12 01:30:49 · answer #3 · answered by wylted 3 · 0⤊ 0⤋
Is it a stock trader or is it like ebay or what?
please add some more details
2007-02-12 00:46:45 · answer #4 · answered by Anonymous · 0⤊ 1⤋