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Market Analysis

Technical Analysis Software – Five Features That Make Trading Easier

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A technical analysis software is a great tool for any trader to predict the future market movement; this can be done by analyzing charts, utilizing backtesting, etc. If you have learnt manual trading, you must realize how confusing it is to analyze many charts, prices, and volume data in order to make a profitable entry decision.

Using a technical analysis software can greatly help you to make the best entry and exit decisions.

The features of this software may vary from the one that only help you in specific area to the one that will automate all the process for you. These are some features of a technical analysis software:

1. Charting
Charting is the bread and butter of technical analysis. Basically, no technical analysis can be done without charting. The chart form is a graphical interface that presents price, volume, and technical analysis indicator such as Elliot Wave, Fibonacci, Gann Fan, etc. There are time frame selection available so you can pick the one that match your strategies.

When selecting a time frame, you can choose from tick (seconds), minutes, daily, weekly, to monthly. Viewing historical data on a specific period of time is also possible; you just input the date range that you want.

2. Back Testing
Back testing is used when you are testing various trading strategies or systems. In order to do this, you convert your strategies into a set of rules and test it against a time frame of the historical data and see the results.

This is a good mehtod, but remember not to depend on it too much; it has proven to make many traders fails if not used carefully. The reason is they tested their strategies with historical data and keep modified it so it can be a profitable strategy during that time period. Most of the time, these tester will forget to test their modified strategy in current market condition. This is not a wise decision; a strategy that works well in 2001 but fail at the current condition is as good as trash.

If you have a strategy that worked with historical data, open a practice account and have it against current market; if it can survive and give you adequate profit for at least two months, then you have a working trading strategy.

3. Alerts
Forex traders using alert software to notify them when the particular conditions are met at the market. For instance: the prices has gone through support or resistance line. This notification will be send to the trader via screen pop up, email, short messages, instant messenger, or any other communication means.

4. Custom Indicators
In a good technical analysis software, you can use, customize, or combine various standard indicators such as MVA (Simple Moving Average), EMA (Exponential Weighted Moving Average), LWMA (Linear Weighted Moving Average), etc. If you have better skills, creating a new indicator to support your strategies is not impossible.

5. Broker Interface
Certain technical analysis software has feature that allows it to integrate itself with a brokerage platform, thus you can trades on a familiar platform. This will makes your trading process easier because you can input orders directly from the chart.

Using technical analysis software can make market analysis, deciding entry and exit prices, and predict future market movement a lot easier. If you enjoy analyzing market and don’t want to depend on somebody else for that, this software is a must have.

Market Analysis

Five Important Internet Marketing Tips

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Internet Marketing is a fascinating industry to be involved in. If you try to build Internet business of your own, you’ll find that just because online now, it is not lighter than a conventional brick and mortar business.

Internet marketing is defined as all marketing activities on the Internet. These include lead-generation activities such as SEO and SEM, affiliate marketing, banner advertising and e-mails. Even more important Internet marketing and market analysis, benchmarking, performance measurement and Customer Relationship Management are important for every company.

When you consider all the things that in this paragraph, you see that it’s much more to Internet Marketing and not just building a website and try to sell something.

Let’s take a look at 5 Internet marketing tips you should consider when creating your Internet business.

1st Choose a product that people are currently in money. No matter how good an Internet marketer, you, if you are not a product that people have an interest and are currently in cash, you’ll never make any money.

2nd Create a system that includes a website, auto-responder, and products that are available in different price structures last. This gives you the opportunity to build an e-mail marketing list for future follow-up, and the sales on your website. By offering various products at prices not enough for you any prospect that a potential customer gearbox.

3rd Become an expert on e-mail marketing. The best Internet marketers are people who build a mailing list for future follow-up. You will notice that most visitors are not buying from you on the first visit, so it is important that you follow-up for future sales. This is what your autoresponder be used.

4th Specializing in a form of Internet marketing traffic before you is another. Whether you choose to pay-per-click advertising, e-zine advertising, marketing articles, or any other method, it is important that you spend all your efforts begin to learn how an expert in this form of advertising.

One problem many people have it jump to try different things when it comes to advertising, and they never master. Most Internet marketers fail because they do not get enough quality traffic to create the sales they need to stay in business.

5th The last thing we want to point out the skills to an Internet marketer, so you have to educate themselves. This will be a continuous process, as the industry itself is always developed. You must do the same if you expect to thrive is an Internet marketer.

This is five Internet marketing tips, the difference between money on the Internet, or the task, what many people do. They are under control, because it is your own business, but your success will ultimately be determined by the skills and how hard you work.