Product Review: Best Choice Software by Barbara Star, PhD.
Although luck may play a role,
most trading is all about decision
making ó decisions
about what to trade, when to trade, how to trade, and how much
to risk. The better our decision
making, the more likely our success.
Best Choice Software is an endof-
day program that offers many
features to increase the probability
of successful decision making
in the selection and timing for
trading stocks, commodities, and
mutual funds for trading. What
began in the 1980s as a personal
trading aid for program developer
Peter Hoyt evolved over the
next several years to incorporate
components that reflected the
changes in market conditions.
Now, Best Choice offers separate
modules for long-term investing, short-term swing trading, and cyclic
seasonal trades, all available in one program.
A LICENSE TO TRADE
The program may be downloaded from
a CD-ROM or directly from the Best
Choice website. It will only run in a
limited demo mode to evaluate the
programís features. Once a user purchases
the trial or full version, the company
licenses the userís computer for
all features. The licensing procedure
utilizes the computerís internal identification
as part of a security measure to
prevent unauthorized usage. This means
that any internal hardware changes that
have not been reported to the company
in advance will cause the program not to
recognize the computer and temporarily
revert to demo mode.