|
|
| Discuss How to choose the right software for trading at the Software within the Traderji.com - Discussion forum for Stocks Commodities & Forex; If anyone is interested I can share some of my experience (I am also learning, ... |
|
|||||||
| Notices |
| Software Charting, trading & technical analysis software, trading system development and backtesting. |
 |
|
|
Thread Tools |
| Sponsored Links |
|
#1
14th July 2008, 11:51 AM
|
|||
|
|||
How to choose the right software for trading
If anyone is interested I can share some of my experience (I am also learning, like you), about choosing the right software for your trading needs. Do let me know.
|
| Sponsored Links |
|
#3
14th July 2008, 11:57 AM
|
|||
|
|||
|
Re: How to choose the right software for trading
Nice initiative BAV. Pray, continue.
Edit: It would be great if you can add software reviews too.
|
|
#4
14th July 2008, 12:10 PM
|
|||
|
|||
|
Re: How to choose the right software for trading
Quote:
Saint
__________________
"You cannot change the direction of the wind,but you CAN adjust your sail..."
|
|
#6
14th July 2008, 12:32 PM
|
|||
|
|||
|
Re: How to choose the right software for trading
My God, never expected you guys to be here. Now I have to raise the bar.
Anyway, to start off, here are some basic assumptions (particularly for newbies): 1. You already know about trading  2. You are well capitalised to justify the software costs 3. You have zeroed in on your trading philosophy and know what you are looking for (in trading, not software). I will keep my personal biases away and try to put as much stuff as possible here. So lets start. Remember all software are not made equal. Other than the basic, intermediate and advanced usage, there are software that claim to do many things, but are good at only a few things. So first write a statement as to what you want to do with the software that you plan to purchase/use. Some valid points may be: 1. I want to view market profile 2. I want to create custom indicators 3. I do not want to view indicators but need signals to trade 4. I want to scan >5000 symbols every 5 minutes 5. I want to look for chart patterns to trade 6. I want to create robust statistical techniques 7. I want to create option strategies - plain vanilla to exotic 8. I want to do intermarket analysis etc etc. Now go back and add another column and put real/time or end of day next to all your statements. Once done you are ready to delve deeper. The first thing we ask is cost. This is not correct. First ask, is it the right stuff for me (Will come to "right stuff" later). If yes then only go for cost. Cost is not just the software cost, but the hardware and the data service to run it properly. Also consider upgrades. More later.
|
|
#7
14th July 2008, 12:35 PM
|
|||
|
|||
|
Re: How to choose the right software for trading
Quote:
|
|
#8
14th July 2008, 12:43 PM
|
|||
|
|||
|
Re: How to choose the right software for trading
I am trying to share my knowledge Sir CV, just as you are doing. I am just talking about how to proceed formally to choose trading software (so no point 7 at all!), particularly for others who are not fortunate enough to be blessed by you (hope you dont take your blessing over my head away after reading this!!!)
|
|
#9
14th July 2008, 12:50 PM
|
|||
|
|||
|
Re: How to choose the right software for trading
Quote:
Hopefully sir, you wont get too specific with the intimate details between us (  ), rest is all fine.
|
|
#10
14th July 2008, 01:20 PM
|
|||
|
|||
|
Re: How to choose the right software for trading
Wonderful BAV , nice initiative . Will be looking forward to learn from this thread . Thanks .You are no longer beginner
 .
Last edited by sanx; 14th July 2008 at 01:36 PM.
|
| Sponsored Links |
|
|
|
| Bookmarks |
| Thread Tools | |
|
|
Indemnity, Disclaimer & Disclosure
Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum
Rules Disclaimer & Disclosure and indemnify Traderji.com, its
associates and related parties of all claims howsoever resulting from
the usage of the forum.
• Disclaimer: Trading or investing in stocks & commodities
is a high risk activity. Any action you choose to take in the markets
is totally your own responsibility. Traderji.com will not be liable for
any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
• Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein.
The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
