HOME PAGE  PERFORMANCE |DAY TRADING | SWING TRADING | DAY TRADING LIMITED | VIDEO EDUCATION | PREFFERED BROKER

Software

The type of software that is used in trading

 

The other back bone or support pillar of your business is your software. The type of software that you use in your trading computer can make your computer system stable, reliable, fast, allow you to watch the market and be able to execute your orders, or, it can make your computer system a nightmare that will cause you to spend more time fixing it than trading.. The blue screen of death, when your computer crashes, can mean great losses if you have a position open and you are unable to close it. Slow or unstable software can make you miss opporunities because of delays or lose confidence in your tools and therefore not act.

Your trading computer should be used for trading only. Any e-mail, music, video, games, photo editing or any other software that do not belong in trading should be removed to another computer. Your trading computer should be a lean mean trading machine. We suggest that you start with a clean hard drive, load your operating system and then your trading software to make sure that no other programs that are not needed cause a failure. These failures can be very expensive.

Operating System

Stability and reliability are crucial and your operating system should be top notch in both. Almost all trading software is made for PCs, not for Macs or Linux machines. That leaves us with Windows operating systems. Since your computer is going to be used for business purposes, only a business level operating system will do. Windows NT was built with businesses in mind. It was the base system for many years and showed great performance and reliability. Windows 2000 is the improved version of Windows NT, it took the reliability and performance of Windows NT and added the user friendly features of Windows 98. Windows XP is new improvement on Windows 2000, but it is not seen the test of time as of yet. Windows XP also requires a higher amount of RAM in your computer. Windows 98 and Windows ME are not stable enough or fast enough for trading applications.

Trading Software

Trading software is the software that you will use to search for your trades, receive information, execute your trades and manage your accounts. Some come as a complete package, a system that will handle all of your trading tasks. Others come as different components. Although complete packages are a bit less flexible, they do provide convenience and speed.

Trading Software - The Components

Data feed - a software that establishes a connection to the exchanges that feeds your computer with live data.

Charting software - a software that takes that data and plots it as charts.

Scanning software - a software that runs statistical analysis searches on a data base of stocks.

Quote system - a software that shows live quotes of stocks and indexes.

Level II quotes - a software that shows the different dealers, market makers and execution systems on the NASDAQ market.

Execution system - a software that allows sending orders, receiving execution reports and account management.

We suggest you use the DAS Trader PRO software offered by Real Fast Trader





Home | Sign Up | Day Trading | Swing Trading | Swing Chat | Education
Free Newsletter | Free Stock Pick | Brokers | Affiliates | Log In | About Us | Contact Us | Links
Risk Statement.    MasterStockPicks.com All Rights Reserved.    Privacy Statement.

Past performance is not a guarantee of future results. Masterstockpicks.com is an educational referral service, not an investment advisor. All subscribers to each service receive the exact same trading signal publications. Active trading is not for everyone, please speak to your investment advisor before determining the suitability of Masterstockpicks.com educational services for your objectives and risk tolerance.

The performance results noted are hypothetical. Unlike an actual performance record, hypothetical results do not represent actual trading. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. Since trades have not actually been executed, results may vary due to market factors such as lack of liquidity, slippage and commissions. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown above.

Master Stock Picks provides training, educational, and market information services through its web site located at www.Masterstockpicks.com or through referral to affiliated websites including SwingTrades (the "Site"). Masterstockpicks.com is not registered as an investment adviser. Rather, Master Stock Picks relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws. The Site is a bona fide publication of general and regular circulation offering impersonalized investment-related advice to subscribers and/or prospective subscribers (e.g., not tailored to the specific investment needs of current and/or prospective subscribers).

The Site is currently limited to the dissemination of impersonal investment-related information pertaining to Master Stock Picks' trend-based analyses (the "Service"), together with access to additional impersonal investment-related information and links. The publication of the Site on the Internet should not be construed by any subscriber and/or prospective subscriber as Master Stock Picks' solicitation to effect, or attempt to effect transactions in securities over the Internet. Master Stock Picks may receive a fee from an affiliated or unaffiliated service provider that it may recommend on the Site. While Master Stock Picks may review the products and services of any such recommended affiliated or unaffiliated service provider, subscribers and/or prospective subscribers are urged to determine for themselves whether any such recommended service provider is appropriate for his/her/its individual circumstances prior to the engagement thereof. Master Stock Picks does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to the Site or incorporated therein, and takes no responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Subscribers to the Service do not receive investment reporting, investment supervisory or investment management services, nor the ongoing review or monitoring of the subscriber's individual investment portfolio. Therefore, no Service subscriber should assume that his/her/its participation in the Service serves as a substitute for ongoing individual personalized advice from an investment professional of the subscriber's choosing. Rather, the Service is designed solely to provide subscribers with a method to evaluate and obtain information on market analysis, current events, trade methodology, and other related information.

The Service subscriber maintains absolute discretion as to whether or not to follow any proposed Service recommendations or any portion thereof. Master Stock Picks does not offer or provide investment implementation services, nor does it offer or provide initial or ongoing individual personalized advice (neither in person nor via the Internet).

Past performance may not be indicative of future results. Therefore, no current or prospective subscriber should assume that the future performance of any specific investment, investment strategy (including the investments and/or investment strategies recommended or undertaken by the Service) or product made reference to directly or indirectly by Master Stock Picks on the Site, or indirectly via a link to an affiliated and/or unaffiliated third party web site, will be profitable or equal historical or anticipated performance level(s). Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or investment strategy, including the recommendations and/or strategies of the Service, will be suitable and/or profitable for a subscriber's and/or prospective subscriber's investment portfolio.

Certain portions of the Site (i.e. newsletters, articles, commentaries, etc.) may contain a discussion of, and/or provide access to, Master Stock Picks' (and those of other investment and non-investment professionals) positions and/or recommendations as of a specific prior date. Due to various factors, including, but not limited to, changing market conditions, such discussion may no longer be reflective of current position(s) and/or recommendation(s). Moreover, no subscriber or prospective subscriber should assume that any such discussion serves as the receipt of, or a substitute for, individual personalized advice from an investment professional of his/her/its choosing.

To the extent that any subscriber or prospective subscriber utilizes any economic calculator or similar device contained within or linked to the Site, the subscriber or prospective subscriber acknowledges and understands that the information resulting from the use of any such calculator/device should not be construed, in any manner whatsoever, as the receipt of, or a substitute for, advice from Master Stock Picks, or from any other affiliated or unaffiliated investment professional linked to the Site.

Each subscriber or prospective subscriber acknowledges and accepts the limitations of the Service, and agrees, as a condition precedent to his/her/its access to the Site, to release and hold harmless Master Stock Picks, its officers, directors, owners, employees, agents, affiliates or referral sites from his/her/its subscription to the Service.