Review Of The Tradestation Trading Platform

TradeStation Review

Since it became a brokerage back in 1982, TradeStation has taken great pride of its role as one of the industry leaders in trader technology. It offers one of the best trading platforms available anywhere. It now has over 30 years of experience behind it, and it continues to improve and grow on into 2014.

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Tools & Platforms

TradeStation has a desktop platform as its flagship product. It is its main core focus. Trading on the web was introduced as far back as 2013, but its current use is mainly for placing trades and managing positions and orders whenever the desktop application is out of reach.

There are multi-monitor traders who really appreciate the flexibility that TradeStation offers, as it supports multiple monitors enabling each monitor to maintain an open desktop workstation.

TradeStation has the tools to cater to nearly any type of professional investor. That includes institutions like hedge funds. Over 40 years of their historical data is available for performing equity trading, involving charting and studies. The backtesting done via Portfolio Maestro along with the customized scanning of market opportunities, only scratch the surface on all of the functionality they can offer.

The charting enables investors to get into some deep analysis and to customize indicators using multiple options. This is something that only competitors like the TD Ameritrade‘s ‘thinkorswim’ platform is able to compete with. Over 200 indicators and case studies are also available for inclusion. Each one of these is easily reworked or adjusted to fit with a trader’s exact specifications.

The option traders have by no means been forgotten. This is due to OptionStation Pro (a tool that is built into the platform). Scanning and analyzing potential trades has become a breeze, with traders able to view the traditional 2D and also the 3D P&L (profit and loss) charts. This is a benefit that is exclusive to TradeStation only. While having the 3D views is a nice addition, ultimately, they are more like good eye candy.

TradeStation also has a few other tools in its arsenal, like Radar Screen Matrix, Walk-Forward Optimizer, Scanner, and more.

One of the last crucial parts of TradeStations tools is its own proprietary coding language (EasyLanguage), that empowers traders to run wildly with indicator and trade customizations in their strategies. Clients are able to share/sell their work through the TradeStation TradingAPP Store, which was formerly known as the Strategy Network. There you can find FREE products as well as some that may run you around $50 a month, while others can run as high as $500 a month.

Over the long term, their TradingApp store expects to be something worth keeping an eye on. It was not formally launched until late in 2013. As of January of 2014, a lot of the apps still don’t have reviews listed. It is difficult to gauge the popularity because TradeStation doesn’t display the number of clients who are using each specific app. One thing you can count on though, is that these apps were not meant for new investors. They’ve been built specifically for those investors who are experienced and seasoned, and those institutional traders who know and understand all the ins and outs of the marketplace.

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Understanding and Using CFD Trading Strategies

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CFD Trading Strategies – The Advantages

Contract for Difference is a derivative used in the financial markets and is a commonly used tool in trading Forex. The CFD is a part of the trading strategies of many Forex traders due to its reliability and effectiveness. There are many reasons as to why the traders use the CFD Trading Strategies.

  • It allows you to hold a position without having to rely on financing. When the day ends, you can hold on to the position you had without taking any actions overnight. It is a great way to continue and consolidate a strong position in the Forex market for any trader.
  • The leverage that you can enjoy is one of the best. There are few other marketing tools which offer you so much leverage in Forex trading. You can trade in amounts far greater than you have in your account, without having to replenish it. This gives you the opportunity to make a far greater profit.
  • The Forex market is the most liquid financial market in the world and the liquidity can be enjoyed by you through a CFD trading strategy. You can enjoy a far deeper level of trading with the increased liquidity that you have.
  • The costs of trading will be lower than the other trading strategies because the commission rates which you will be paying are comparatively lower. This means that you can enjoy the services of a broker without having to pay too much money.
  • Quick movements in the Forex market due to high volatility enable the traders with CFD strategies to make profits without having to sit all day and watching the gradual movement of the prices. They stand to benefit far more from sudden movements.

You get to save time and energy which you would otherwise spend sitting and staring as the information is displayed on a screen in front of you.

How to Use the CFD Trading Strategies

With all these advantages, the CFD trading strategies are bound to be a popular choice for the Forex traders. Many of them have been using such strategies and making hordes of money through it. However, there is no guarantee that you will end up becoming rich by using CFD. There is no defined formula which you can use and make a profit through CFD. The leverage that you enjoy gives you a stronger position than you would enjoy otherwise from which you can use your skill to trade strongly. In fact, you will be able to know when you should enter and when you should exit the market.

The best thing about CFD Trading Strategies is that they allow you to carry over the advantage that you are enjoying from your position today. This means that when you return tomorrow, you will be more or less in the same position on which you stopped yesterday. The maximum effect of this can be seen in borrowing. Any amount you borrow today will have to be paid the next day but the amount of interest that you pay on the borrowing will be the one that was levied when you made the original borrowing.

Small Change, Big Profit

Another benefit is that even a small change in the market entitles you to a great profit. A prerequisite is that you should be in a position from where you can take advantage of the momentum shift. For this to happen, you have to withdraw your profits on a daily basis. A shortcoming here is that the fees and other costs you incur will be deducted from the profits. The amount that you receive each day will be significantly lower than if you waited for it to accumulate for a while before receiving it. However, you will be able to minimize the risk and be in a position from which you can maximize the profit from even a small price change.

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