Alternative Trading System

Learn to trade successfully and you open yourself up to a new future.  A new future where you have extra money to do the things you want to do.  Maybe you want to save more for your retirement, maybe you want to save for your kids college fees or maybe you want to do some renovations to your house.  Or maybe you just want extra money so that you can enjoy life more: vacations with the family, indulging in your favorite leisure activity, more meals at restaurants etc. 

No matter what your intention, trading can open the door to a new you.  While anyone can be successful, most people who enter the trading world don’t have the discipline and patience to practice a strategy (or set of strategies) until those strategies produce a consistent profit.

So how do you become a successful Trader.  Well like all things in life it's going to take some learning, practice and focus.  But if you are intent on becoming a Trader and have the necessary conviction then you can be successful.   And when you are you can choose to trade for just a couple of hours a day or maybe you want to give up your day job and become a full time Day Trader. 

Understand Trading Basics

Your learning journey begins with understanding the basics of trading.  What are the markets, what types of market are there, what is a broker, what is a trading chart, how do the markets move, what influences market movements.  You can get this high level overview by reading articles on the internet or by picking up a book like the Dummies Guide to Trading.  Be a sponge and start absorbing everything trading related.

Once you have a high level overview you'll know if Trading feels 'right' to you.  Is it something that you're interested in?  Do you want to understand how to assess trade set-ups? Make good trade entries and exits? Does it interest you? Is it something you are prepared to commit time, effort and focus to learning? Remember there are no 'get rich quick schemes' in life (although we would obviously all love there to be), so if you start this journey are you prepared to see it through?

Accelerate your learning

If you've followed the first step then you'll know that trading is all about predicting future market movements based on past movements.  Past movements are show in candlestick patterns and along with price action you can estimate where the market is trying to get to.  You should by now also know that this is called Technical Analysis and it can take many years of study to get good at it. 

So realistically you will need a trading system.  A Trading System will read the market for you and help you identify trading patterns.  A good one will prompt you where to take trades using what's called a Trade Signal (sometimes called a Trade Alert) and even show you where to put your stops and targets.  BUT Buyer Beware, there are many companies out there trying to part you from your money by telling you they have the best trading system.  In reality most of them don't.  If they did then most Retail Day Traders would be successful but the industry statistics say that 95% are not.  However, don't be disheartened, with the right system, support and training it is possible to be successful. 

Choose your system carefully, look for genuine customer references and ongoing coaching, training and support.  Make sure you can connect with expert Traders and your peers on a one to one basis.  This will really help accelerate your learning.  Check what market the alternative trading system works with and what is the success rate of the algorithmic trading strategies. 

After all, you are going to be risking your money so you want to make sure you find the best automated trading platform.  You want to see a high win rate percentage so ask for evidence.  You want the best AI Trading System or Auto Trading Software.

What to trade

There are many markets that you can trade: trade nasdaq 100, trade nq, trade S&P500, trade ES, trade Russell2000, trade RTY and these are just some of the stock futures indices.  You can also trade commodities, trade crypto or trade forex pairs.  You can trade in US market hours, European market hours or Asian market hours.  So think about what you're interested in and focus on one to start with.  Try something that has a lot of volume, such as the S&P500, as this will be less 'jumpy' than the other markets.

Steps to trading success

You must set yourself up properly on the road to success.  That means doing everything you possible can to learn and become competent before ever risking any real money.  So whether you want to learn to trade or improve your trading approach it properly.

Once you've selected your automated trading system then make sure you learn how to use it and are getting the level of support you need from the company.  When you know how it works you can start trading on what's know as a trading simulator or Sim.  All charting platforms will allow you to do this.  It basically means you're making dummy trades as the trades aren't being passed to your broker.

Is the system enabling you to make money in Sim mode?  If it's not, figure out if you're doing something wrong.  If not you should probably walk away from that particular system as it does not deliver what it promises.  But if you are making money consistently on Sim then you can start to risk small amounts of money on live trades to further your learning.  A small contract like a micro e-mini is perfect for this.  Build confidence on with small risks and then you can risk more when you're comfortable by either trading with more contracts or moving to a larger contract like the e-mini.

Trading Psychology

By this point you will already have come across the phrase Trading Psychology.  It refers to the trader's mindset and how a trader can contain emotion and think quickly while exercising discipline over the components of trading.  It's also how you react to losses (they are part of trading) and maintain your motivation and discipline.

Each day is a learning day, you learn from what you did yesterday and apply it in the market today.  You must have conviction to become a successful trader.  Unfortunately, most people who enter the trading world don’t have the discipline and patience to practice a strategy (or set of strategies) until those strategies produce a consistent profit.  This means they get discouraged and turn their back on trading when they could have been on the path to trading success!

So follow the information you have to get conviction.  If you have selected a good Trading System then do what it says and you should get the results.  Like anything in life it will take time to learn, which is why you need to stay positive.  You want to know you've given it your best shot whether you are new to trading or a more experienced trader.

You may want every trade to work, but they won't.  What you need is for your winners to outweigh the losers, that's how you become a successful trader. 

Approach it rationally, analyse your results and learn from them, don't allow emotion to creep in and you will be on the path to success.

When you trade Nasdaq 100 technology stocks: trade nq, e-mini nq; S&P 500 stocks: trade es, e-mini ES or Russell 2000 stocks: trade RTY, e-mini RTY or commodities or Forex then use Inteligex, the best, award winning Trading Signals System.   

The trading software works on any market over any time frame.  It generates award winning High Probability Trade Signals and gives you a clear process which provides discipline to your trading.  Comprehensive Inteligex training and support means that all new Members get up to speed quickly.  Learning is fun and fast in the inclusive Trading Room and we support you every step of the way.  Perfect for those who want to learn to trade or improve their trading.  It forecasts where the market is trying to get to and shows you where to put your targets and stops, what could be easier.

Inteligex offers both manual and auto trade solutions using High Probability Trade Signals and Indicators, for more information see here.