Hi, guys!
I think I should write this thread here, although if is not the right place, I apologise.
I“ve been learning more about TA. I“ve been reading several books about trading, also. I feel I“m really starting to understand several things. I trade in part-time and the work I“m doing scanning/find the best entries with stocks and futures, I do it simply by analysing charts with my brokers. It can take long, analysing charts and taking notes, since I trade only for about 1 year and a half. However, my last readings showed the importance of software use to do a much more fast and effective research.
I“ve seen the software reviews here. I“ve always hear about Metastock, and also read that it“s not the best software for trading.
So, one think I don“t quite understand is this:
- Does that software allow us also to trade there instead of trading with our broker? If so, how does our broker knows we“ve taken our trades and makes its commissions?
Thanks
CA
Canis Lupus
Rep: 168
Posts: 46
By the way, trading software allows us to create indicators also, right?
CA
Canis Lupus
Rep: 168
Posts: 46
IĀ“ve seen the sites of some of the trading software programs. I have two accounts, one for trading (about ā¬6000) and other for investing (about ā¬2000) with different brookers.
From what I see, prices are too expensive for the money I have. Even if go for Metastock End-of-Day (no live data), I“ll pay $499 per year. Guess that“s not what is expected for a trader (day or swing).
$500 is quite a bit for a small account, and I“ve seen prices of about $3000 per year!!!
Guess I“ll have to wait until have more money and improve much more my trading habilities.
Other question: Is TradeStation a broker or software?
Thanks
From what I see, prices are too expensive for the money I have. Even if go for Metastock End-of-Day (no live data), I“ll pay $499 per year. Guess that“s not what is expected for a trader (day or swing).
$500 is quite a bit for a small account, and I“ve seen prices of about $3000 per year!!!
Guess I“ll have to wait until have more money and improve much more my trading habilities.
Other question: Is TradeStation a broker or software?
Thanks