Options Trading Tutorial

Lifestyle Trader Software to learn when to get in and when to get out of trading?

Has anyone had any experience with this trading software? I am seroiusly looking to buy this for trading commodities, forex, stock and options.

Public Comments

  1. I love it when somebody tries to sell "lifestyle" as opposed to what the software can actually do. I've never seen someone put it in the product name before. "You don't have to spend hours in front of a screen". You are buying from or selling to someone else. Why are they taking the opposite side of the trade? Are they stupid? Or are they seasoned professionals who approach trading as a business? Lifestyle Trader has "two magic lines". This appears to be a simple moving average system. You can look on stockcharts.com or yahoo finance and see prices plotted against moving averages. This type of system can catch huge moves at some times and get you whipsawed at others. The trick is to know when to step back from the market and let it sort itself out. He doesn't seem to discuss this. He also seems weak on money management. (That's the critical plan which keeps you from allocating too much money to one trade and getting wiped out by a few losers.) Lifestyle Trader claims to work on everything. Why do you want to jump from one thing to another all over the place? You won't gain an understanding of anything.
  2. No, But to me Profit Source has been really helpful
  3. you can learn more about it right here lifestyletrader.com.au/
  4. No. But many other popular and proven software have this capability built into them. You can look into Advanced GET from Reuters. Also look into some custom formula based trading strategies available with Amibroker.
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