In the time I've spent reflecting on the market, I've learned a lot of things. I've tried every hot new strategy that gets hyped every couple months or so, and I've had some decent success with most of them. But the funny thing, they all work fine for one single reason - they're mostly all the same!
One thing I've come to realize is that no matter complex the terminology they use, no matter how many new ideas they try to sell me, the truth of the matter is that there are only so many smart ways to approach a financial market. The most successful trading strategies are well-known and frequently documented, but are constantly being repackaged and sold as something new to those who don't know any better.
However, there is one swiftly developing sector in trading that provides something fresh - auto-trading. A lot of misconceptions are out there regarding auto-trading. For instance, many feel that brokers are losing money and will find a way to doom these computerized trading systems. But this isn't really true; brokers will always make money with the spread. If you read between the lines though, you'll see the important lesson to learn here is that for these rumors to abound, auto-trading must indeed be a successful way to trade.
Metatrader 4 is the most popular platform. It's free for anyone to use, which also means that the programming language may a little difficult for the layman to learn - but it's not below the curve that much. Also, connectivity can be an issue, since losing your internet service will shut down your trading. It's definitely worth checking out though, since getting access to their community forums provides some great investing insights.
Tradestation also has auto-execution services, as well as hosting in case your computer goes down. They do charge monthly fees, but Tradestation was awarded Barron's Best Online Broker award in March 2008, and they offer a free 20-minute demo CD if you go to their website and call the toll-free number listed.
You'll frequently be able to combine programs to optimize your strategies; Amibroker is a great program you can use with both Metatrader 4 and Tradestation. It has a historical database that's quite helpful for backtesting and developing your market strategies.
The simple fact is that these days, auto-trading is the best way to manage your investing. It's a technological world, and technological solutions are the only way to keep up.
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