Vince Stanzione reviews the various Ipad and tablet apps offered by companies such as IG Index, Spreadex, City Index, Capital Spreads and Spreadex.
Don’t get carried away by technology. It’s easy to get blown away by all the great software, on-line trading, real time data, charts, iPad apps, business channels and bells and whistles.
The truth is, less is more, and information overload makes you a worse trader. The more complicated your system, the less chance it will work or that you will follow it.
The majority of technical trading indicators are a total waste of time, and you do not need to waste money on expensive trading software that claims to predict markets. The most important factor when trading any market is the price.
If the price goes to 50, 51, 55, 60, it is going up; it doesn’t matter what the indicator or news says or what you think should be happening. The price tells you the truth and should always be obeyed.
Trade with what you see not what you think. Yes, XYZ could be overvalued and at some stage you may be right, but the old saying “Markets can remain irrational a lot longer than you can remain solvent” is very true.
To learn more about financial spread betting go to www.winonmarkets.net