Stock Trading Software

HiKite

Hi folks, has anyone heard of this crowd:

http://www.sharesuccessonline.com/

I run a small business, but it is very niche (ie small!), and I'd like to set up some additional revenue streams. I know there are lots of trading programs out there, but this one has a "safety cut-off" feature, which pulls the plug on your shares, when they drop below a criteria that you set, eg 3%.. Interesting to me.

Just wondering if anyone uses this software, or knows of anything else like it, better than it etc?

Many thanks,

Enda.

shoutman

I would never be sure about any of these type of sites.
Firstly they are using a really commonly used stock photo on their main page which makes me instantly not want to trust them (It's probably just a me thing though)

Secondly their testimonials are all along the lines of, "I made 11k wow, they are so great".

I could be wrong but I think you'd learn just as much from reading the weekly business supplement in the Irish Times on a Friday.

Mazotasan

Am looking into doing some trading on the side myself shortly and have looked at some sites/companies similar to the one you posted. Have also spoken to a few people who have been trading for years. My advice would be to teach yourself from scratch so to speak, all these bits of software being advertised on sites can generally be found for free in different locations on the web. I found this site www.informedtrades.com and will be going through their modules shortly to learn more and its all free! Also if you look at the 'investments and markets' section on here (boards.ie) you'll find more lots more info. The key for me is education. Best of luck

soddy1979

I just emailed these guys to see if I could find out what exactly they were selling. They came back and said they only deal with "prequalified" customers, but if I gave them my phone number they would get one of their consultants to call me. I declined. I can't even see whether they are authorised to give financial information.

I also found this post which has recently been resurrected in the investments & markets forum. It gives a good idea of what type of commitment is involved in foreign exchange trading. Enjoy

http://www.boards.ie/vbulletin/showthread.php?t=2055683882

Alfonso01

Many beginning investors wrongly believe that the cheapest online stock trading sites are just as good as the more full featured stock trading sites. What these investors do not realize is it is not the cost of the trades or the speed of the trades that determine the long term success of their money.

aspasp1

HiKite wrote: »

Hi folks, has anyone heard of this crowd:

http://www.sharesuccessonline.com/

I run a small business, but it is very niche (ie small!), and I'd like to set up some additional revenue streams. I know there are lots of trading programs out there, but this one has a "safety cut-off" feature, which pulls the plug on your shares, when they drop below a criteria that you set, eg 3%.. Interesting to me.

Just wondering if anyone uses this software, or knows of anything else like it, better than it etc?

Many thanks,

Enda.

hi Hikite,

I have been trading in indian market for 4-5 years now and all the trading account I use have these features. there is nothing exciting about it. They are the basics. But my advice would be if you dont have the thorough knowledge of the markets, steer clear. It is not not for newbees, I have seen so many people lost everything in stock markets. i am not discouraging you, but it is not easy. Know the markets before you put in any money.

aspasp1

Mr Marri

aspasp1 is right, all trading platforms have this feature. It's a smuch to pretect them as it is to protect you.

I would never say don't trade but just trade with extremely small amounts for a couple of years untill you get to grips with it. (I'm not saying i've managed this but I have learnt how to loose money ).

Budget Marketing

If you want to test the water then try out the forex practice account. They give you 50k virtual money and you trade that as yiou would your own money in real trading conditions but without any risk, after a few months if you feel comfortabe you can then use your own money an trade for real profit/loss


Rob

aspasp1

Budget Marketing wrote: »

If you want to test the water then try out the forex practice account. They give you 50k virtual money and you trade that as yiou would your own money in real trading conditions but without any risk, after a few months if you feel comfortabe you can then use your own money an trade for real profit/loss


Rob

Rob,

Not a bad idea, but i will partially disagree. Your decisions would be toatally differant when you are really earning or loosing money than when you are using a practice account. But still it will give you a better idea of how thinga are working. I would rather advice you to read some of the books, get the basic knowledge, get someone involved who is active in this field to guide you. Also, if OP is interested send me PM and i ll mail you some e-books which might be of help.

thnx

aspasp1

Kristopher

Getting best trading software will make you to invest more easily and get ahead faster with a great program. There are many companies that provide various trading strategies, select the one that best suits your requirements. Trading in the stock market can be complicated as there are many factors to take into consideration.

D.W

HiKite wrote: »

Hi folks, has anyone heard of this crowd:

http://www.sharesuccessonline.com/

I run a small business, but it is very niche (ie small!), and I'd like to set up some additional revenue streams. I know there are lots of trading programs out there, but this one has a "safety cut-off" feature, which pulls the plug on your shares, when they drop below a criteria that you set, eg 3%.. Interesting to me.

Just wondering if anyone uses this software, or knows of anything else like it, better than it etc?

Many thanks,

Enda.

Did they contact you or visa versa-Im going to guess you had a call from them? Perhaps you even got a fancy brochure?

However their site gives NO real information of ANY sort about share trading etc... Again I am going to guess that you pay a hefty upfront fee to access some "software" that magically gives you winning trades?

Fries-With-That

I just lifted this note from their website,

Hi Allan,
Just thought I'd let you know how I'm going, over the last month using a simple moving average Strategy virtual trading I have made €11,000.00 profit .
I am so glad that I took the plunge and invested in the Share Success package because without the software and training I doubt that I would have ever got into the market. I think that I am now ready to start trading for real, so from the start of September I will be using real money to trade with .If I stick to my strategy I believe that I can make some serious money will keep you in the loop anyhow.
Kind Regards

Craig O.


I have taken the trouble to highlight some of the text, that the average reader might just gloss over in their haste to purchase a software programme that would allow them earn 11000 profit.


If you want to dabble join a share club with people you know, allow yourself an amount of money you can afford to lose and don't increase it in year 1. If you make a profit well done.


Small steps taken carefully will get you along the road, giant steps taken in haste could see you stumble and fall.

Best of luck.

Devin01

There are a lot of Forex Trading Software and Forex Trading Systems that can be found right online. Each one will offer different control options. Some of them are manual - great for the pros. While others are more automated, this is great for the amateurs that are still learning about all these.

Kimi001

It is better to invest in trading.Forex trading is profitable and it is better to use trading software.Search in the internet for trading software and guidance to use them. It is better to use automated software as it reduces human error.

niallys

Most trading platforms offer this.its called a stop loss where you determine when to bail out at a specific price,also you can have trailing stops.research all the order types to buy shares you can submit.there is loads of info out there on the net.

I have been trading for 8 years with wizetrade.com, i paid a fair bit for the software 8 years ago(bought it outright). now you can have it for $100 a month i think. check out their website.i use this software to know when to get in and out of trades.

my broker is mbtrading.com.my best bit of advice is to concentrate on US shares. i can buy shares for $5 and sell them for $5 with mbtrading.no stamp duty,no other fees and the broker can be integrated with my software(only 1 screen to look at)

my trading style is getting into a trade for usually only 1-10 minutes and taking .10 or .20 cent profit. doesnt sound much but .10 profit on 2000 shares is $200.i aim for $300 per day and often succeed.i practised this for 5 years before i used real money.if i loose $200 i get taken out by my stop loss.By the way you get leverage OF 4:1 so if you have $25k in a trading account you can buy $100k worth of stock.

hope this info helps!