I’m not a fan of the French! But………

I have bit of a reputation, so I have been informed of being something of a cheapskate! It’s probably due to the fact that since I started trading, I have been very reluctant to spend vast amounts of money on attending seminars, purchasing software, paying for entry into hyped up websites, subscribing to magazines, joining exclusive tipping services, purchasing CD’s and especially “Trading Systems” which not only part you with most of your money they will soon part you with both your arms and legs!

I joined trading to make money and to profit, not to spend, that is why this website T2W is such a class act, if you spend time here, I believe it can save you thousands. There are always articles warning you of most of the pitfalls and truth on almost any suspect individual, system, course, website or any dodgy offers and promotions which are connected to trading.

Ah ! I can hear some of you already saying that “he sells a trading system” it’s the pot calling the kettle black,– and that’s true, I do sell a trading system, but at £39.50 with Free software and live data feed is slightly different from the £5K charged by some, also I must plead guilty to subscribing to “Traders” magazine and having a weakness for purchasing good, (if the reviews are great) intelligent trading books.

Having taught trading to beginners and novices for many years, I have found one of the biggest problems confronting 99% them is the choice of what software to use for technical analysis. Just visiting the software page on this site gives a staggering choice, visit the link http://www.trade2win.com/boards/showthread.php?t=8886  it is just mind boggling. Each trader you will ever meet, or have met will have their own personal preference, usually sticking with the one they first parted with good hard cash for, unless they can get an illicit copy off the internet on ebay!

Well this article is about one particular piece of trading software that I recently been fortunate enough to stumble across, and have spent some time taking a good close look at it. I am so impressed with it I shall be revamping both my CD courses and workshops to include it as my first choice.

Firstly let me establish why – It’s free and the end of day data is free. My natural aversion to spending money is totally appeased. Those of you wanting live data can pay in extra for the markets they require , however I am reliably informed that if you open an account with one particular spreadbetting company in the UK then live data is provided free on their site. As this article is not designed to be commercial I will keep that company to myself as I had an unfortunate experience with them about a £8K margin call which they sent me (by mistake) – that tends to concentrate the mind. I did find that someone was trading my account, but that’s another story (or article)

When I look for a piece of trading software – I have very simple requirements because over the years you soon realise that what was good 2 years ago, has been superseded by some genius company somewhere, It was always one of my wishes and my wants, to be able to programme my own trading systems and backtest the results under different scenarios – I wasted a full year, if not longer, running up this wrong road – it was a total waste of time, for me, it was extremely expensive, it filled my head with rubbish and was a great excuse for not actively trading or facing up to the real world. But I’m not alone it is so easy to fall into the “Geek Trap” because we all believe we can master the system through the use of the correct trading software, sadly only a very few can.

So with many years of experience what am I looking for in a piece of trading software?

1. Simplicity but with all the Bells
2. Clear Charts with data
3. Wide choice of Markets
4. Good selection of indicators
5. Ability to modify and personalise
6. Something that is always up to date

Well I think I’ve found it its called Pro Real Time and its French (Yes, its French) the less said about that the better, because old Chirac is at the time of writing is trying to get my mate Tony to give up £3B rebate, probably to give to his over subsidised and belligerent “Farmers” – But Tony is giving as good as he gets. But their free software is brilliant! And you can register for it at my website using the following link http://www.learntrading.co.uk/pages.php?pageid=3
( note; I receive no financial gain from this link. I can just keep track of the interest shown)

Now I’ve pinched a few comments from their website and put them in plain English as the reasons why you should look at this platform

It is extremely fast. (it is Java based)
 You can test ProRealTime and compare how fast it is to display and sort lists or plot charts, especially if you move from one instrument to another – it is very fast, you ideally need broadband.
 It is very reliable – it has very little downtime and is as steady as a rock.

 You can get their exclusive intraday dynamic Top Movers! Example: It's 4:16 pm. You can get the top 30 gainers from 4:01 or 3:16 pm

 Get Tick by Tick Charts, 90 days of Intraday Data, 10 years of EOD Data! you can display in less than 2 seconds all the ticks of the day of for example if you are looking at Microsoft. Then there is more than 5000 transactions!

 You can create easily your alerts within a few clicks to know when your trade crosses supports & resistances or when any of your indicators crosses another one.

 Create your own indicators in real time thanks to ProBuilder, a very easy programming module. (don’t become a Geek!) But it is here.

 You can back test your own strategies thanks to their exclusive module ProBacktest without writing a single line of code! This requires some thought on your behalf, and some effort.

 They provide 3 different pieces of software’s for FREE with EOD data in order to fit your computer knowledge and your technical analysis expectation.

 Their real time access flat fee allows you to use unlimited number of lists, portfolios, studies, alerts, indicators and strategies, 24 hours a day and 7 days a week.
 It doesn’t cost you anything for the very latest software; they want all users to benefit from the new features they readily add, because they know that your trading evolves continuously, and here is no connection fee.

 The software doesn't require any installation on your computer. A single click allows you to launch it. All the latest software and data updates are done automatically in real time

 You can save your work with confidence; you are not dependent any more on problems within your PC or of a virus, or even a change of computer: all your templates, charting studies and programming are saved in their servers.

 You can access your work from whatever computer you are using which is connected to the internet. This could be a cyber café in Spain or your mate’s house in Bromley.

 There are tutorials, 40 video presentations (you need flash player) of questions & answers and you can learn how to use the software in a very short period of time.

 And last but not least, for the geekheads if you need an improvement or a customized tool? Ask them and they will do their best to provide it to you as soon as possible.

I think a picture replaces a thousand words so to show you this software – a series of screenshots will give you a good idea of why I like it so much

This is the simplified platform, ideal for the beginner to familiarise themselves with charting.

It is very important to have a wide choice of markets, it could be that your keen on US stocks, it may be forex, it could be UK stocks, bonds gold or even European Markets this platform provides it all.

One particular aspect of this software I particularly like for beginners is the wide choice of indicators, not that you need them all, I believe in simplicity. But as they are there it’s great that every indicator has a full explanation of how it is calculated and a description of how to apply it; (and yes in English) For the novice this is great. You can even change the parameters look and feel of every indicator.

For the more advanced trader you can set up the look and feel of your screen and save the layouts, you can create nearly every conceivable setup. It even has an order book on shares to see the trades going through in real time. However this is not a lesson on the platform, just a taster, so that even the most die in the wood experienced trader here on Trade2win will open their minds to advances in platform technology. Here is a screenshot of the possibilities.

I must mention that there is a world wide community using this platform. And because of the advances features many people create there own trading systems and share with others. Mainly French at the moment but expanding gradually to other nationalities. You can download and share these, and if you are that way inclined you can create and place your ideas and systems here.

Well that’s it, it does come with a Free 7 day trial of Free live data so you can try it out without hassle – In my opinion for those position traders who just want end of day data then this wont cost you a single bean, if you want live data then you pay extra. I just love it, clear, quick and comprehensive and Free! That’s it – Cheers all.

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