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ratmpower
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Try out StrategYard - You can create and experiment with multiple trading strategies, automate your trades and even win real cash prize if your trading strategy works out. However, as with any simulator, understand that there are some differences between simulator and real market.
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Your good judgement is the best indicator.
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Introduce Yourself Here - Don't Be Shy!!
ratmpower replied to trading4life's topic in Beginners Forum
What kind of businesss do you want to start. Or do you mean you just want to invest in the share market? - Strategyard.com -
Do they also have for foreign markets ? I would be interested in buying foreign markets data. -Strategyard.com
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So did anyone get a chance to try this site yet?
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What Every Beginner Should Learn and Implement.....
ratmpower replied to 10stepdaytrader's topic in Beginners Forum
- Practice rule-based trading - Try demo account first - Develop trading strategies - Identify metrics to measure your strategy's performance - Do not deviate from your plan. -
strategYard.com also offers web server API to allow users to develop automated trading strategy. You will have to find data source on your own, but you can use any language (matlab, c#, java) to develop your strategies.
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Understand different forces that affect stock price. Sometimes, the prices for many stocks move in group. One company's events affect the other. The macro-economic factors like country's debt, unemployment drive prices down. The final price is the combined results of all these factors, which make price moves nearly random. The trick is to filter out noise from signal and identify patterns from which you can profit.
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Use technical indicators to identify entry and exit points. If you are lazy, just subscribe to some experts who give you their picks for a fee.
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As I always say, trading is as much of an art as it is a science. The more practice you get, the better you become at trading. Once you are confident that you can profit, jump in to a real market.
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What's so special about Zumo? What are they offering? -strategYard.com
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Introduce Yourself Here - Don't Be Shy!!
ratmpower replied to trading4life's topic in Beginners Forum
Welcome to the forum. If you are new to trading, I recommend you to start with virtual stock exchange. - strategYard.com -
I use pure java to implement my trading strategy that are run against virtual broker strategyard.com. You should be able to get Java third party-libraries that are comparable to matlab components. In case you can't find one, just use Matlab for computation. I think there is a way to call Matlab script from Java. In the worst case, use File I/O to communicate between Java and Matlab.
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What is the Best Swing Trading Strategy?
ratmpower replied to NYSEGOP's topic in Swing Trading and Position Trading
It also depends on what stock you are trying to trade, what the current market is doing and many other factors. Even if you find the right numbers now, it is likely to change with the market. You strategy should be evolve as the dynamics changes. - strategYard.com -
Introduce Yourself Here - Don't Be Shy!!
ratmpower replied to trading4life's topic in Beginners Forum
Welcome to TL. You will find plenty of advice here from different people. But you will have to find out what works for you by experimenting yourself.