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Trade Simulator - Best Direct PROTrader |
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Written by DeCarley Trading LLC
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Tuesday, 30 June 2009 11:57 |
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This Platform Involves No Monthly Fees, but is an Extra 15 Cents per Trade Created by active traders, Best Direct PROTrader is a powerful trading platform that is robust yet also easy to use! This advanced Futures, Options and Forex trading platform integrates portfolio management, risk analysis tools, real-time charts and quotes, with automated strategy trading in a responsive and intuitive user interface.  
Advanced Customization- Trading Screens: Trade directly from the personalized SuperDOM or directly off the Charts with single-click trading.
- Advanced Strategy tools: Best Direct PROTrader embodies some of the most advanced strategy design tools available in the industry today
- Powerful Charts and Indicators: Customize your work station with one of the most robust selections of technical indicators and personalized charts. Single-click trading from charts—applies to strategies as well!
- Advanced Portfolio Reporting: Comprehensive reports allow you to track your portfolio in real time. Always know your intraday profits and losses!
- Real-time streaming quotes. Trade directly from the quote Window!
- For the Serious Trader: This platform was designed for the advanced trader to design and personalize every facet of his trading environment
Advanced Automation Tools- Single-Click Actions: Powerful built-in feature that allow you to execute your complex strategies or automated systems with single-click “actions” from either Charts or SuperDOM.
- Single Entry Multi Exit: Designing complex order strategies are easy with PROTrader's Single Entry Multi Exit Tool (S.E.M.E.). No programming required!
- Manage Trending and Strategies: More advanced tools such as Trend Trader Market Trader, Hi-Lo Trader, and System Tracker let you manage your automated strategies.
A fan of Woodies' CCI Club?- Check out the Woodies’ Autopattern Trader. Simple to setup and execute.
| | Premium ModulesIf you are interested in getting even more performance out of your base platform, consider 's suite of Premium Modules. More are being added all the time, so look for updates in your "My BEST PROTrader Page," if you are registered on the site. | | | | | | | | | Some Premium Modules Available- Swing Trader An automated trading system that trades the market by entering long positions below a moving price average and short positions above the average. The system helps manages risk by ensuring that the user defined stops are automatically working when needed.
- Avadhi Research Content (ARC) Directly feeds market research content into the platform. Provided by Action Economics, a provider of institutional research. Available for the first time directly within a trading platform.
- Replay Data A system that allows traders to replay market tick data and test their strategies in real market like conditions.
- Portfolio Analyzer A powerful tool that allows traders to analyze option portfolios by performing risk-reward scenarios based on market prices and volatilities.
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Last Updated on Tuesday, 30 June 2009 13:18 |
The decision to trade online or through a full service broker will undoubtedly make a large impact on your bottom line. However, the impact may or may not be what you had in mind. If you aren’t ready to begin placing your orders online on your own, despite saving money on commission it may be the most costly mistake that you ever make. 
Deciding on a brokerage firm is a significant decision and shouldn’t be taken lightly. Before committing to a firm it is imperative that you research their services, experience, trading platforms and commission structure but more importantly whether your trading style and personality will be compatible. For example, a beginning trader shouldn’t look to a deep discount online brokerage firm simply because they likely won’t get the guidance that they will need as a novice. Similarly, a seasoned trader wouldn’t want to choose a firm that focuses on high-end service with a hefty price tag. 
Options offer traders an unlimited number of strategies with various levels of risk and reward. Unfortunately, many retail traders are stuck in a long option only "rut" and may not be aware of the potential flexibility offered by alternative option strategies. There is certainly a time and a place for buying outright options, but in my opinion most circumstances seem to favor an alternate approach. 
