Hi Every body!!
I am a Day Trader like many of you out there. I have been trading since the last 8-9 years with several hits and misses to my account.
I was never able to understand the term "Technical Indicators" of the market and subsequently was not able to bank on it as a trading strategy.
But, lately have been quite inquisitive about understanding and using "Charting Softwares" to trade in the market. I have skimmed some information on the various software available in the market like MetaStock, AmbiBroker and Absolute GET.
Talking about Absolute GET: This charting software from eSignal is one of the most expensive product available in the market.
My queries are:
1. Is spending around 2.5 L for this software worth it? Does it have an edge over the subsitutes available in the market.
2. Does it produce Buy/Sell signals or we have to study the charts to derive these levels?
3. Is it easy to use for people with less analytical/ technical skills?
4. Is Viratech the only vendor for this package in India? If others, which is the cheapest one?
5. Does it have a recurring monthly cost like data feed etc or is it built into the package price?
Friends, I know, I have asked too many questions as am too confused to decide which package to go for. I really want to brush up my trading skills with help from these "Charting Software".
Any feedback from experinced players will help!!
Thanks and Happy Trading
G Kohli
I am a Day Trader like many of you out there. I have been trading since the last 8-9 years with several hits and misses to my account.
I was never able to understand the term "Technical Indicators" of the market and subsequently was not able to bank on it as a trading strategy.
But, lately have been quite inquisitive about understanding and using "Charting Softwares" to trade in the market. I have skimmed some information on the various software available in the market like MetaStock, AmbiBroker and Absolute GET.
Talking about Absolute GET: This charting software from eSignal is one of the most expensive product available in the market.
My queries are:
1. Is spending around 2.5 L for this software worth it? Does it have an edge over the subsitutes available in the market.
2. Does it produce Buy/Sell signals or we have to study the charts to derive these levels?
3. Is it easy to use for people with less analytical/ technical skills?
4. Is Viratech the only vendor for this package in India? If others, which is the cheapest one?
5. Does it have a recurring monthly cost like data feed etc or is it built into the package price?
Friends, I know, I have asked too many questions as am too confused to decide which package to go for. I really want to brush up my trading skills with help from these "Charting Software".
Any feedback from experinced players will help!!
Thanks and Happy Trading
G Kohli