Technological Trading (Part 2)
Posted on: November 14th, 2009
www.nytimes.com
• An automatic evaluation of well-known market indicators is important – these are stochastic, moving average, and Fibonacci series. These indicators should be very well designed and must be capable of being easily switched from one to the other. For instance, immediately going from a 5-day stochastic to 9-day stochastic.
• Lastly, you have to be able to track your losses and profits via regular updates of the closing prices in the market.
So whether you are a stockholder or a broker – you trade assets and securities. Therefore, you are also interested in how much losses you incurred, or how you have gained in profit. All of these is difficult to do manually, but not with the advent of the new trading software in the internet.