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Trading Software – Trademiner Pro Review


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One very interesting research tool I bought years ago and still use is the TradeMiner PRO. You can buy it for stocks, commodities and FOREX. I mostly use it for stocks. What they do is look at historical EOD prices and calculate “If you have traded XYZ on this day during the past 10 years you would have been profitable XX % of the time if you held the stock for X days.” I have done some back-testing and live trading and it works pretty well. As with ALL TOOLS I still believe in the “art of trading”. However, if you spend the time using one or several tools – add all the info together and make the trading decision.

You need to understand that TradeMiner is NOT a trading system. It is a research tool. And a clever one at that.

Here is how I use it on a list of ETFs to pick a short list of possible high-probability trades I can further research and decide on:

  • Month of March – at least 10 year analysis
  • Having won >80% of the time
  • 1-5 Trading days (Short is better for ETFs)
  • Risk/Reward Ratio >1:2 is desired
  • Score in the green > 3.00

 

I often change the parameters to get the best opportunities. By recording the different settings in a spreadsheet I can run through several different scenarios – for example 85% wins and max 20 trading days. I copy the top ones (>3.0 score) and paste into a spreadsheet. Then I sort the spreadsheet to list the top of the different tests.

In this case I created several different scenarios – and by picking the top results you can see that 95% and 12 trading days is the optimal for these ETFs. Now I pick the top one and schedule it for a trade on March 27 – April 14. Notice the RR is 1:4.7. So if you trade a scenario like this over and over you should have 4 wins vs 1 loss. This is if you stick to the schedule and NOT take profits if you see profits. You wait until 14 April and close the trade. Whatever the result is at that time. Sure, in day 5 you might have a profit and it is tempting to close the trade and take the profit. And move on to the next one.

The final step I want to do is pick the top ETF (MINT) and run the same scenario for that symbol only for the year.

Now I have a tradeplan for this symbol. And can back-test for previous dates. There is another great feature in TradeMiner called Neural Network. You pick the top results and run it there. It will tell you the past results and project the future. In this case it shows MINT was profitable 3/4 times this year. I would take those results all day.

As in ALL analysis and strategies – they WILL FAIL once in a while. You cannot rely on any one analysis or strategy. This tool is absolutely my favourite, but I use it in conjunction with several other tools and make a decision based on all those put together.

The subscription fee is $194 a year for all three feeds (STOCKS, COMMODITIES and FOREX). If a trader selects only one of the three feeds, the fee will be $97 a year. Once the fee is paid, historical data for the feeds become available for the subscriber. This software enables you to scan the past 30 years of the market to find the most profitable trends and assets according to their minimum and maximum quotations. This information can assist you in making an informed trading decision.

TradeMiner PRO DETAILS

 

 

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Investing for Retirement – Questrade Review


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You have many choices to invest for retirement. It all depends on your preferences and interests. If you have no interest or knowledge about trading or the market, park your savings in a mutual fund or if you have perhaps 100,000+ in investable cash you might consider a fund manager.

If you are interested in self-trading, Questrade is the preferred broker in Canada. By far. The biggest reason is the many options Questrade provides. From 100% self-trading to a managed portfolio. READ MORE

Questrade was established in 1999. The company is now considered by many to be the best brokerage in Canada. The IIROC regulates the company, and Questrade is also a member of the CIPF. In addition to being regulated by one of the best regulators in the business, the company has a long, outstanding reputation. During the last 20 years, Questrade has earned the trust of Canadian investors.

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Worst ETF trade I ever made


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I have this software that analyzes EOD ETFs and some stocks. Giving prediction for possible trades at the opening of the next day. It has worked well and generated some profits. So I got over-confident. The system kicked out a great looking prediction for an EFT. UWT. Which is a leveraged ETF long on crude oil. Mistake #1. Long on crude middle of March 2020? Nuts. But I went ahead. On a reasonable amount. Day 1 looked good. Day 2 the oil crashed big times and red ink was flowing. Mistake #2 – I should have cashed out the little profit I had on day 1 (as per the strategy). Oil prices dumped so much that any reasonable person would think that it will recover.
At least enough not to bleed too much. So I kept the position and was prepared to wait until it recovered. Check out www.tradinginretirement.com
Now comes the end of March and the EFT tanked. BUT – the oil prices went up! This ETF is a 3x leveraged one and should shoot up. But it went down? Here is mistake#3: The ETF was to expire April 3. So it died. When it expired, I got $0.14 back/share. Which was about 1% of my investment for this product. My balance was now pretty well where it was 10 months ago. All my great trading profits wiped out.
Lessons learned from this were many. As for ETFs – the important take-away from this is research them. Know if they expire anytime soon. And stick to your strategies. And maybe consider taking profits earlier than normal, any profit is good profit.
Trading is not for everyone. I love it and aside from making the odd profit is a passion.
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TradeMiner PRO Review


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One very interesting research tool I bought years ago and still use is the TradeMiner PRO. You can buy it for stocks, commodities and FOREX. I mostly use it for stocks. What they do is look at historical EOD prices and calculate “If you have traded XYZ on this day during the past 10 years you would have been profitable XX % of the time if you held the stock for X days.” I have done some back-testing and live trading and it works pretty well. As with ALL TOOLS I still believe in the “art of trading”. However, if you spend the time using one or several tools – add all the info together and make the trading decision.

You need to understand that TradeMiner is NOT a trading system. It is a research tool. And a clever one at that.

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Investing for Retirement in Canada


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For you who are 20 to 65 of age and you have started to think about how retirement will look like. Because, as you know – most of us will live well into our 80s.

If you don’t care what retirement will look like – this might not be information you want to hear. All I wish to do is to share some knowledge gathered during the past 25 years or so. More information at www.investingforretirement.ca

First things first…. Investing vs Trading

They are, in my mind two different things.

Investing, in the traditional sense of the term implies long-term growth of capital preferably in a tax free account. So it can compound. For example, a RSSP. If, as a young person you set one up, pick a mutual fund or something and it grows by say 5%/year and the profits are re-invested you will be amazed at how fast it will grow.

Trading implies taking a very active role in the market. You can, for example have a self-directed RSSP and make the trades yourself. Two things: You have to be interested enough to do the research and learn what to do and what NOT to do.

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Automated Trading: Pros and Cons


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Automated trading, or algorithmic trading, has become more and more popular over the past few years. It’s definitely a great tool for inexperienced traders, when executing trades with an automated system there are many benefits, however that does not mean there are no risks involved. Here are the major pros and cons of automated trading:

Pros:

  • Emotion control – The emotional component is eliminated, with automated trading you don’t need to make the tough emotional calls by yourself.
  • Read more about automated trading at dailyforexsignals.com
  • Time Saving – Not having to study how to trade the markets saves you a great deal of time and enables you use your free time for other important causes.
  • Instant testing and optimization – You no longer need to sit in front of the computer for hours and attempt to monitor and analyze all market movements, automated strategies are able to monitor several markets and assets simultaneously. There are growing numbers of trading platforms that offer automated trading. Metatrader4 is probably the most popular one of them all, since it offers powerful functionality for testing trading strategies, as well as providing full historical data.
  • Lightning speed decision processing ability – Automated strategies react immediately to the market situation, since it is factored in their program, while A trader can be too slow to react when deciding to open the order or not. Automated strategies enter the market instantly, the second the necessary signal arrives.
  • Round-the-clock market-monitoring – The automated strategy providers are monitoring the markets 24 hours a day for you, something that’s hard to accomplish when you have a job or any kind of obligations.
  • Beginners luck – Automated trading makes life easier especially for inexperienced traders, since strategy providers are doing all the hard work for you.
    New traders can observe the actions of a strategy provider and learn how to read the signals in the markets.
  • Broker-independent – Metatrader4 platform can be used with a variety of Forex brokers. This means that an automated trading strategy can be copied without any specific broker logic required, and so, traders can easily copy any strategy regardless of which broker the strategy provider uses.

Cons:

  • Lack of Emotions – Fully automated strategies have no intuition and can’t make discretionary decisions.
  • No room for error– System and Network errors can affect your trades and lead to losses. It can be risky to rely solely on fully automated strategies.
  • Keeping up with market changes – You need to make sure your automated strategy is constantly up to date based on economic and political news.
  • Costly to buy and hard to develop – Obtaining a good automated trading system is not an easy task. You can either put the time into developing one, hoping you’ll get it right, or buy one, paying a substantial amount of money and hoping you got a good one. In both cases, this will require much research, testing and luck.

DupliTrade offers you the best of both worlds!

We provide you with our automated copy trading platform, which allows you to automate your trading by automatically duplicating the actions of expert traders directly into your trading account.

With our innovative platform, you can enjoy all the pros of automated trading and eliminate most of the cons! Our strategy providers are extremely professional and experienced, it is their job to avoid errors, keep up with the markets changing, and it their own money at stake so it is in their best interest to trade responsibly! Our cutting-edge technology lets you connect your MT4 account to our platform without installing, buying or coding anything and lets you start trading like an expert from day one!

GET A TRIAL HERE

 

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Daily Forex Signals Review


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A Daily Forex signal is a recommendation for entering a trade on a currency pair – usually at a specific price and time.

Daily Forex Signals Review

The signal is created either by a human analyst or an automated Forex robot. These robots analyze the market and thru some math and algorithms come up with a possible trade. Then that signal is passed on to subscribers of the Best Forex Trading signal service.

If the system was a 100% money maker, do you think the seller would want to share it? This is why big institutional traders keep their “black box” trading algorithms under lock and key.

Sample forex signal: EUR/USD
valid: From 12:46 GMT-04:00 Till 16:46 GMT-04:00
Sell at 1.1432
Take profit * at 1.1392
Stop loss at * 1.1482

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Trading in Retirement


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Should you Trade In Retirement?

That depends on a lot of things. Mostly financial. Do you have some capital you can afford to lose if the worst should happen? Do you have the skills needed? Would you be able to trade using proven strategies and leave the emotions out? Trading can be very profitable. A reasonable good trader can easily return 20+% on his capital annually. And by compounding, it can grow faster. There is a new trading in retirement site that might help with some tips.

Also you need to determine your reasons for wanting to trade. Is it because it is exciting thing to do and a challenge? To earn income from your capital, or maybe just to grow your nest egg. Those are the things you need to consider.

Why trade in retirement?

“You’d be amazed at the number of older people taking up trading,” says Kevin Cook, an options strategist at TheStreet.com in Chicago. “I think it’s a combination of demographics and technology.” For many retired traders the intellectual challenge and camaraderie that often surround trading communities are definite attractions. The prospects of beating the market, much less trading themselves to riches, are sketchier.