I’ve seen different systems like PremiereTrade and WizeTrade and Optionetics running their TV infomercials. Are any of them conistently beating the market? Which is the best?
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Anything to do with options is going to be incredibly leveraged, advanced, and risky. So let’s be a little realistic here, because we’re talking about the Average Joe using these things, not some advanced and experienced Techno Trader. Forget about options until you at least know a few terms and have studied it a few years.
The other two are actually pretty good programs for someone just starting out in trading/investing. They reduce it down to a Green Light means Go, and Red Light means Sell.
PremiereTrade is primarily geared toward trading the Forex and Currencies, but is also used for trading stocks, options and mutual funds. I am currently making money with it trading Currencies, but I’ve traded stocks for two decades.
I know of two people (personally) using WizeTrade that know very little about trading or the markets, and they continue to make money.
These are both good programs, but they’re just tools. There is no majic formula that will prevent youfrom losing. In the end, it’s up to you.
The advantage of these programs is that the trader stops looking for the magic or secret or "best" Indicator, and focuses instead on reducing risk and good money management; the mainstay of any successful trader.
Which is best? Monet or Renoir
OK, think about it. If you had a system that consistently beats the market, would you sell it or would you manage a hedge fund for 1% of assets + 20% of trading profits?