One of the blessings or curses, depending on your point of view, of our modern world is that we have plenty of choices for just about anything – coffee, headache medicine, TV Shows. In fact, other than American politics, we have a variety of options for just about everything. Trading is no exception.
I think of trading like yard work. Some are happy to let some other person or company take care of their grounds keeping. It does not bother them if the work is sub-par, as long as it gets done. For others, spending time tending to and improving their garden or lawn is a labor of love.
Use a Professional Trade Analysis Service, so you don’t have to Learn Trading Skills. There are endless varieties of tools to help you learn to trade including seminars, books, online courses and one-on-one instruction and coaching. However, none of these trading tools offer any guarantee to transform a dedicated student into a successful trader. Often the information and instructions are not complete, and the student is left wondering why they cannot produce optimal results from their trades. However, there are ways to trade in the market that does not require any trading instruction at all. By using analysis or trading services, you can participate in the market by using the knowledge provided by others.
Consider a technical analysis serviceUsing the information submitted by a
professional trade analysis service is one way a trader can make trading decisions based on a professional’s analysis. The trader will receive a daily report on their particular market that might involve the currency, stock, or commodity futures markets. The report is usually delivered at the start of every trading day (usually before the market has opened).
The analysis is typically provided in a variety of formats from charts, newsletters, videos or graphs. Unlike market commentary, a professional analyst will produce work that includes trade picks or trading recommendations including specific entry and exit points, rather than merely commenting on the condition of the market or particular stock or future.
As an alternative to market analysis, many professionals offer access to their live trading rooms where they make suggestions on specific trades in real-time all throughout the trading day. Professional live trading services are provided for a particular market or a group, and the recommendations are given real-time as the event is happening.
Some of the trading services are delivered using text messaging, live video or other instant media. Sometimes it is done verbally or just by sending charts. Other times the day trader can interact directly with the professional trader to ask pertinent questions or gather additional information about the trade. Usually, the professional provides all the detailed information on the trade entry, exit, and management (if applicable).
Typically, analyst and trading services provided by professionals are usually designed for traders that do not have the time or skills necessary to generate the same data, or have no desire or time to learn to trade for themselves. Without extensive trading experience, these vital services act as a valuable tool until the individual can learn how to do it on their own. Each professional offering an analysis or trading service needs to be evaluated on their own.
Being that Indicator Warehouse’s primary software and services offered are geared for people who want to be independent, self-directed day traders, you may be wondering about the do-it-yourself approach to trading. That topic is thoroughly covered in just about every other blog post on this site. 🙂
TESTIMONIAL DISCLOSURE: Testimonials appearing on www.IndicatorWarehouse.com may not be representative of the experience of other clients or customers and is not a guarantee of future performance or success.
LIVE TRADE ROOM DISCLOSURE: All presentations, videos, and information are for educational purposes only and the opinions expressed are those of the presenter only. All trades presented should be considered hypothetical and should not be expected to be replicated in a live trading account.
Commodity Futures Trading Commission Futures and Options trading has substantial potential rewards, but also significant potential risk. You must be aware of the risks and be willing to accept them to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS, IN GENERAL, ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Use of any of this information is entirely at your own risk, for which Indicator Warehouse will not be liable. Neither we nor any third parties provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness or suitability of the information and content found or offered in the material for any particular purpose. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law. All information exists for nothing other than entertainment and general educational purposes. We are not registered trading advisors.