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| Discuss Relevance of Metastock in Intra-day trading? at the Software within the Traderji.com - Discussion forum for Stocks Commodities & Forex; I have heard from a couple of sources that general Technical Analysis fundas are not ... |
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#1
1st September 2004, 08:52 PM
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Relevance of Metastock in Intra-day trading?
I have heard from a couple of sources that general Technical Analysis fundas are not really applicable in intra day or the application is drastically different from other forms of Trading.
In addition, I have come across charting services which charge as much as metastock. One wanders whether many of the fancy features of metastock are relevant at all for intra day trading or one can do with a less sophisticated and inexpensive software. Any comments, traderji? 
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#2
2nd September 2004, 01:07 PM
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Re: Relevance of Metastock in Intra-day trading?
It is not necessary to own an expensive technical analysis program for intra day trading.
However having said that, one would definately need to have a complete, well defined and robust trading strategy in order to be successful in day trading. On the other end I know of many day traders who sit in front of a NSE or BSE terminal day trading the same stock for years without using any technical analysis tools. These traders are successful because they are subconciously following a trading strategy unknowingly or knowingly!
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#3
3rd September 2004, 08:15 AM
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Re: Relevance of Metastock in Intra-day trading?
Thank you.
I suppose in all forms of trading, talent is more important than the tool. Since all the basics are there in all software, one wonders where Metastock's cutting edge lies. Last edited by sh50; 31st January 2005 at 08:18 PM.
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#4
3rd September 2004, 09:57 AM
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Re: Relevance of Metastock in Intra-day trading?
Quote:
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