FXCM Trading Station II review
FXCM Trading Station II is a software provided by FXCM Corporate which is a well known Forex broker to their clients in order to enable them to place orders to buy or sell the different currencies immediately or by delayed execution of their orders.
The program enables you to watch prices of many currencies live and see the price changes immediately in addition ,It has a nice feature of viewing charts and attaching different indicators that can aide in analysing the currency chart which is called (The market space).
The user can see the statistics of open trades and can close them using this software at any time.
The software has a feature where the user can know market news immediately when they are announced.
An excellent feature that makes this software ahead of its competitors (i.e. Metatrader ) is that it offers the ability to chat live with one of the FXCM representative which many users will find handy and useful another nice feature is that you can generate a report of your account including all your deals on the fly from inside the software.
Advantages of FXCM Trading Station II:
- Fast position opening.
- Instant update of market prices.
- You can analyze charts from within the trading platform.
- Multiple languages are supported.
Disadvantages of FXCM Trading Station II:
- Practice account creation is not done from within the software.
- You cannot add or create trading experts.
- The platform is said to hang upon fast market moves or during news announcements.
Stock Trading Software Programs That Make Money
Jumping into the stock market to create wealth and a revenue stream is something that many people aspire to yet very few actually achieve. The stock market can be a difficult and confusing place, however, with the help of stock trading software programs that basically do everything, more and more people have been getting into the stock market than ever before. Instead of relying on local stock trading brokers and other experts to make money, stock trading software programs are usually simple to use for the end user and allow anyone to be able to understand how to make money and profit from stock trading.
MarketClub Software
One of the very popular stock trading software programs on the market today is the MarketClub investing software that has really made it pretty simple for anyone to profit while stock trading. The MarketClub software is an investing tool that demonstrates how to make money by using such techniques as technical analysis and charting. It uses predictions about the stock market to determine which stocks should be invested in, and spots those big moves before they actually happen so investors have a chance to make money.
With the MarketClub software program, it’s been demonstrated that a 50% return in gold is possible just by using their investing software. In addition, it has been reliable in crude oil market trading and has proven itself in the foreign exchange market as well.
OmniTrader 2009
This is another program that’s similar to MarketClub. However, many people have actually reported that OmniTrader 2009 is more profitable because of their proprietary trading simulators, easy-to-use investing charts that are configurable to each end user, and because it’s fully automatic.
The fully automatic feature of the OmniTrader 2009 stock trading software is actually what many investors rely on to have their money managed right. Since the program is automatic and is able to help investors trade the moves immediately, the program also comes equipped with a money management system that takes the risk of investing out of the equation. This is a major advantage to most people as it is very easy to lose in the stock market if you don’t know what you’re doing.
Wizetrade Software
A third stock trading software that is really great for the beginning stock market investor is Wizetrade. This is a program that helps stock market traders make money through a system of red and green lights that indicate when the individual should start and stop the trade. It breaks down all the complicated information about each part of the stock market and visually shows it to the trader. In addition, many people love this stock trading software because they have a chance to interact and speak with a Wizetrade orientation trader who can help them understand how to use the software to their advantage.
All of these stock trading software programs are popular for both the beginning investor and the seasoned one. They help investors understand how the stock market works by showing which trades to make and when, and all of them are capable of generating a steady, long-term income over time.
Trading Systems Performance Updates
| BEST | WORST | ||||||
| 1. | Gina (ES) | 70.42% |
1. | Guru Gene (ES) | (127.75%) |
||
| 2. | CoreDuo (S) | 58.63% |
2. | Impetus (ER) | (41.92%) |
||
| 3. | Axiom Swing (NQ) | 37.34% |
3. | Early Bird II (ER) | (41.74%) |
||
| 4. | STCStemwinder2 (ES) | 27.37% |
4. | 1 Day Russell (ER) | (38.60%) |
||
| 5. | Black Gold (CL) | 23.71% |
5. | AdvantageDT(ES) | (32.97%) |
||
| BEST | WORST | ||||||
| 1. | Delphi II EM Swing | 109.92% |
1. | Impetus (ER) | (145.33%) |
||
| 2. | Gina (ES) | 90.62% |
2. | Delphi II (ER) | (109.81%) |
||
| 3. | Black Gold (CL) | 74.00% |
3. | Early Bird II (ES) | (95.75.%) |
||
| 4. | Axiom Swing (NQ) | 69.26% |
4. | 1 Day Russell (ER) | (95.30.%) |
||
| 5. | Maxim (ER) | 32.63% |
5. | SITA (ES) | (86.93%) |
||
| BEST | WORST | ||||||
| 1. | Charge WS (ER) | 168.64% |
1. | Crossbow (ES) | (179.74%) |
||
| 2. | Charge Indices (ER) | 89.09% |
2. | SITA (ES) | (159.53%) |
||
| 3. | Brigade (ES) | 74.80% |
3. | Meteor (ES) | (74.98%) |
||
| 4. | Saturn (ES) | 73.99% |
4. | Turbo Ultimate (ER) | (71.19%) |
||
| 5. | Axiom Swing (NQ) | 63.11% |
5. | 1 Day Russell (ER) | (62.20%) |
||
| 1. | Compass (SP) | 401.68% |
$30,000 Acct Size | Since 01/10/2000 |
| 2. | Charge WS (ER) | 222.64% |
$10,000 Acct Size | Since 07/21/2008 |
| 3. | Brigade (ES) | 201.57% |
$7,500 Acct Size | Since 06/21/2008 |
| 4. | Crescendo (ER) | 177.03% |
$8,000 Acct Size | Since 05/02/2007 |
| 5. | Compass (ES) | 170.98% |
$5,000 Acct Size | Since 01/03/2005 |
| 1. | Katana (ES) | (151.38%) |
$5,000 Acct Size | Since 10/07/2005 |
| 2. | Meteor (ES) | (136.82%) |
$5,000 Acct Size | Since 07/09/2007 |
| 3. | Guru Gene (ES) | (127.75%) |
$3,000 Acct Size | Since 07/27/2009 |
| 4. | Axiom Swing (ER) | (122.96%) |
$8,000 Acct Size | Since 06/15/2004 |
| 5. | SITA (ES) | (91.53%) |
$5,000 Acct Size | Since 02/20/2000 |
Share Trading – Tenth Anniversary Edition
Share Trading comes from the prolific author and educator, Daryl Guppy. First published in 1996, this tenth anniversary edition was revised in 2001.
The book is divided into three parts. First, Daryl takes the reader through a solid grounding in the basics for survival. The reader learns the advantages of being a private trader and Daryl provides a much needed reality check for anyone considering active trading. This book will not fool the reader into thinking trading is a guaranteed road to riches. Trading tools (charting packages, newsletters, data vendors), benchmark returns and trading targets for various groups of shares are explained in detail before any trading techniques are even mentioned. Daryl ensures the trading landscape is clearly explained before discussing actual trading.
In part two, Daryl discusses the importance of defining the trend and how to go about it. The importance of knowing how to use trend lines and channels for identifying support and resistance levels is explained. The reader also learns of their importance in locating entry and exit points.
Part three is devoted to money management. Daryl discusses the two per cent fixed fractional approach and how it works when combined with various levels of pyramiding.
Although 10 years old, Share Trading has stood the test of time because, although shares and market participants have changed over the years, the markets and people’s reaction to them – hope, fear and greed – have not. You will not find any grandiose promises of trading riches in Share Trading, but sensible and solid ideas on how to approach the business of trading. Share Trading is a book I would recommend to new traders for a sensible insight into active trading; and to old timers to remind them to keep it simple, keep it real and keep it conservative.
This article was originally published in the Sep/Oct 07 issue of YourTradingEdge magazine (www.YTEmagazine.com). All rights reserved. © Copyright 2009, MarketSource International Pty Ltd.
The Little Book that Beats the Market
This is a book for all value investors. Joel Greenblatt is an experienced manager whose fund has averaged 40 per cent per year over 20 years. The book manages to distil successful value investing down to a single formula designed to beat the market.
Joel comes from the Benjamin Graham school of investing and takes the ease of value investing one step further. The reader learns that the existence of a single formula to select good companies at bargain prices isn’t new, as Ben Graham bought companies close to their net asset value.
Like Ben Graham, Joel believes the market, over the short term, will price shares based on emotion, while over the longer term it will price shares based on value. So the objective is to take advantage of the market’s short-term ‘emotional’ pricing to buy good companies at bargain prices. Joel defines good companies as those that provide a high return on capital. He defines bargain prices as selling at a high yield. The trick is to find companies that are the best in both categories.
Scanning 3500 companies, Joel’s ‘magic formula’ has (when choosing the best 30 companies) averaged 30.8 per cent per year over a 17-year period compared to the S&P500‘s average annual return over the same period of 12.4 per cent per year.
I thoroughly enjoyed the book, which is written in an easy style. Joel takes the reader on an enjoyable journey containing plenty of amusement, research and explanations as to why his magic formula approach to value investing works and will continue to work. I have no hesitation in recommending this book to value investors and suggesting they purchase extra copies for their children and grandchildren. It will make a gift for life.
This article was originally published in the Sep/Oct 07 issue of YourTradingEdge magazine (www.YTEmagazine.com). All rights reserved. © Copyright 2009, MarketSource International Pty Ltd.
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