The world of stock trading has changed in a big way, the expert is no longer prosperous now that technology and the internet have given virtually anyone the ability to trade stocks on the open market. About five years ago this was not the case, since then the World Wide Web has exploded and made-for-commerce software has been developed and refined with ease of use in mind.
So let’s look at the evolution of stocks and the Internet. Going back ten years ago, penny stock day trading was alluring and very easy to do through free websites set up that you could log into. The responsibility of setting up your own account and trading ethically rested with you. A colleague of mine was very successful at this until he got greedy and started taking risks he wasn’t prepared for. Today it’s a bit different, instead of websites, there are software programs that link directly to the global forex stock market where you play and roll the dice.
The market itself has changed in recent years to accommodate the average Joe who wants to play with the big boys in the corporate schoolyard. A funny thing happened, the amateur traders were crushing the experts and leaving them disheveled and sobbing into their booze at the end of the day. How did this happen? It was the evolution of software, where some companies spend close to a million dollars on development and debugging to be ready for the forex market. Made simple enough for the novice stockbroker to understand, yet packs the same punch the pros use on the street. All this and being automated at the same time however I still prefer the hybrid type so I stay in control but that’s just his truth.
No trickery or collusion, just ease of use. Like searching for an answer to just about anything online, it’s now so easy we take it for granted. The technology has caught up, it’s very similar to the high definition video cameras you can buy anywhere that are more powerful than the big TV cameras of 10 years ago. Or take the editing process, plug in your camera and open your editing program on your computer and get started right away. Years ago you have to develop and then cut the film, etc. That was a lot of work! Does it make sense now?
There are several places to get forex software and training, you don’t need to go to Harvard or have a master’s degree to trade alongside the pros. Do your research and find out which program is the best fit for you, as some have different levels of experience. If you are familiar with these programs you may have heard of the popular Triad Trading Formula, well an updated version will be available this month so check it out. Get your training and practice with the software, then go out and buy and sell, but play it safe until you know what you’re doing, as practice still makes perfect.