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If you're thinking about trying your hand with day trading, then you might have considered using Day Trading Robot software to help you pick stocks that have a higher chance of increasing in price during your trading.
The problem is - how can you know if Day Trading Robot software is a scam or not?
The stock market is a massive exchange for thousands of publicly listed companies to sell off shares, or tiny portions of ownership of a much larger company. These shares, or stocks, change in value regularly, based on the perceived value of the bigger company as a whole.
This means even if you see on the news that, on average, the market might have gone down, there are always going to be some individual stocks that went up in price. This kind of contrary movement is vital to any successful day trader.
When you consider just how many different stocks are listed on the stock exchange, it becomes mind boggling to try and figure out which ones to trade in your day trading activities.
Even if you do decide to try and use the analytical tools offered on the websites of most brokers, how do you know which stocks to follow? It would take one person years to analyze every single stock's pricing movements and that's just for a week!
The easiest way to analyze multiple stocks for any pricing indicators that could imply that prices are trending upwards would be to access trading software. This kind of day trading software is able to analyze thousands of different stocks simultaneously and then generate pricing indicators automatically when the charts show a defined upward trend.
If you place your buy trade during this upward trend, wait for the price to continue going up a little and then sell out again before that upward trend ends, then you've made a profit.
This is the basis of successful day trading in a nut-shell. The biggest problem most investors face is the sheer cost of purchasing day trading software that is capable of executing this kind of analysis and then generating the right pricing indicators you need.
In general, software like this can cost upwards of a hundred thousand dollars to create and to license.
This is where the Day Trading Robot software comes in. You see, the owners of this software realize that the cost of owning it yourself is too steep for most people. So they're allowing you to access the hot-stock picks their program generates at a greatly reduced cost.
Would it help your day trading efforts to be emailed all the top stock picks that are riding upward trends at any given time? It would certainly make it easier for you to know which stocks to pick out of thousands of potential stocks.
The information you're receiving is derived from analytical data derived from all the historical pricing data available for every stock on the market and is updated daily to help it create broader charts that strengthen the trend recognition points. This means that each time you receive an email from the Day Trading Robot software, you're receiving data that contains the most likely profitable stocks.
So if you're still wondering if this trading software is a scam or not - the answer is no. It's not a scam. It's simply a way to help you increase your profits from day trading.
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Source by Peter Skotnicky
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