Question : 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.
- asked by Afuture
All Answers:
Answer #1
The program you're probalbly thinking about isvector trade or some such similar tradingprogram.You can do the same "red, yellow, green"color code with an XL spread sheet, by downloading fundamental and techincal data fromvarious websites.The problem is that there is nomagic bullet that will guarantee that you willmake money from a software program by watching thered and green, buy and sell orders. THERE IS NOSUCH PROGRAM IN EXISTANCE.You must do the researchyourself and make informed decisions based onfundamentals and techincal analysis.There are8000+ stocks out there and your job is to filterthese down to a managable level based on thecriteria that you select. There's a multitude ofstock trading books out there and if you researchand think you will manage to pick stocks that willaccelerate in price.Good luck!BTW: One programthat I like the best is TC 2000. The Wordens havedone an excellent job of providing the tools thatthe average investor can use, along with thephilosophy of investing, that will make you asuccess.///
- answered by SWH
Answer #2
There are lots of trading programs, many that sellsoftware packages to 'help' people execute thetrading program. TradeStation and TCNet are twothat come to mind.Beware. Remember infomercialsare designed to do only one thing - sell product. They usually do a good job of sounding likethey're trying to help you, they've got the bestdeal anybody's ever heard of, they have a 'surething', etc. But in reality what they're peddlingis mostly hype. (Not to say they're generallyfraudulent, just that they are great at making aproduct sound like much more than it reallyis.)Also, if you decide to get into tradingstocks, you should realize that most people failat it. Reasons for this include that you are inthe market trading with/against big-timeprofessionals who do this full-time, have years ofexperience behind them, and have learned so muchthat would take you months and probably years tocatch up with.Also, trading involves commissions,so making a profit is more than just a matter ofselling higher than buy price - you have to sellhigher than buy price + entry commission + exitcommission.And generally you have to have a largesum of capital to invest to make the trading worthit - because traders are often just looking forpennies of increase. This is out of necessity asgenerally a stock won't move that much in anygiven day.If you still want to try it, read thefine print - you often have to execute a certainnumber of trades in a month or extra fees couldapply. You may want to start with imaginarytrades to see how well you understand system andtrack whether you would have made or lostmoney.But I think better choice would be to justfind some quality stocks or mutual funds, put yourmoney into them, and give them time (i.e. years)to generate a good return for you.
- answered by Driven Daddy
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