Programs
 

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Programs

Before talking about Programs, you have to decide how you intend to work.
Anyway, to do trading you need to have the primary source of data, historical archives and the updating that may be produced either at the end of the day, or in real time.
Besides, you have to choose whether you want to work on purchased programs, or on programs supplied with the service by your Broker.
It must also be specified if you prefer to work by yourselves or in cooperation with someone who can occasionally replace you.

There’s a good number of programs, and they can be divided mainly into two Categories:

  1. those particularly suitable for study analyses in a prevision perspective;
  2. those functional to the automation of the orders.
The first Category includes, for example, Supercharts, Hot Trader, Gann Trader, Ghet Advance .
On the contrary, Trade Station 8, Trade Station 8.3 belong to the second Category.
Obviously I’ve mentioned the ones I’ve currently been using and that I reckon as the most complete and up-to-date. I must also say that in many aspects these programs, even if somewhat difficult, are intuitive, so that even the complexity of the subject becomes easily intelligible.
To see how they work is sufficient to understand their potentiality and utility; in fact you can test them free in a trial version.
By use and practice things become simpler; once you have got familiar with the graphics’ reading, in a few day you’ll be able to utilize them correctly and, moreover, you’ll know which program suits you more.
Personally for a neophyte I look favourably upon the second Category of Programs, i.e. those ones that, after being set, " do everything by themselves" so to say.

In a way their structure can preserve us from bad experiences.

In fact these programs base their operativeness on mathematical formulas and a number of historical data as wide as possible; therefore, by working in the middle band of the price range,

they produce surprising results.

THERE IS A CONDITION TO RESPECT ABSOLUTELY, THOUGH !

Once you have entered the market, you must not get out of it at random or when you seem to be losing money. You have to wait ‘cause  patience is a virtue, and always " TRUST THE PROGRAM ", or even better, " BELIEVE IN IT “, otherwise you risk getting out at the bear phase and remaining to look from outside, just when the bull phase begins

You risk first making losses, and then not having eventual earnings.

You’ll soon realize that the space is never enough, believe me.

Later, when you have enough experience, you’ll be able to venture upon the market the way you like it
 
 
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