Stocks & Commodities V. 23:4 (66-67): Product Review: MTPredictor End-of-Day 4.0 by Jayanthi Gopalakrishnan
Product Description
Stocks & Commodities V. 23:4 (66-67): Product Review: MTPredictor End-of-Day 4.0 by Jayanthi Gopalakrishnan
One of the challenges that traders face is finding the right equities, futures, indexes, options, or currencies to trade. But the difficulties difficulties dont stop there. The next challenge is to make sure that when you enter the trade, it has the potential to bring you the highest returns possible with the lowest risk. This is the most difficult aspect of trading, especially since forecasting price movement is (pretty close to, if not) impossible. And it is for this reason that the importance of money management is stressed. Still, is it possible to determine the risk/reward ratio of any trade? Thats something that the folks at MTPredictor have worked on with great enthusiasm. A real-time and end-of-day version is available, but here in this review we are limiting ourselves to the end-of-day version.
INSTALLATION
The installation was pretty straightforward, although it did take a few minutes. You receive a username and password via email once you purchase the product. All you have to do is follow the instructions and youre ready to go. Its relatively simple to use, whether youre using the basic features or the advanced ones. As you can see from Figure 1, there is a button for each feature.
One of the challenges that traders face is finding the right equities, futures, indexes, options, or currencies to trade. But the difficulties difficulties dont stop there. The next challenge is to make sure that when you enter the trade, it has the potential to bring you the highest returns possible with the lowest risk. This is the most difficult aspect of trading, especially since forecasting price movement is (pretty close to, if not) impossible. And it is for this reason that the importance of money management is stressed. Still, is it possible to determine the risk/reward ratio of any trade? Thats something that the folks at MTPredictor have worked on with great enthusiasm. A real-time and end-of-day version is available, but here in this review we are limiting ourselves to the end-of-day version.
INSTALLATION
The installation was pretty straightforward, although it did take a few minutes. You receive a username and password via email once you purchase the product. All you have to do is follow the instructions and youre ready to go. Its relatively simple to use, whether youre using the basic features or the advanced ones. As you can see from Figure 1, there is a button for each feature.
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