If you are
using software with red and green lights, you are attempting to trade moving
average lines.
Not only does this system not work, if the price is missing from the equation,
you are leaving yourself open to being whipsawed. Very often, when the moving
average lines are at their best, the price is already on the way back.
- You need to
have software that lets you see what is going on in real time.
- You need to
know exactly when to enter and when to exit a trade.
- You need to
know the potential move and be able to instantly figure your risk-to-reward
ratio.
- You need
trading software that works well with stocks, commodities, Forex and options.
- You should
not have to buy different software if you switch from stocks to options.
- You need
software that works equally well for any style from position trading to
scalping.
- Your
software should give you the odds of success prior to entering a
trade.
Trading is visual and you need
trading software that allows you to make good decisions because you can see
everything that is going on.