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Pro Trader
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Overall Score:
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Comment:
Aimed at day traders as well as people who want an
advisory service. Full scorecard coming soon. |
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If
you find your trading opportunities using charting and
technical analysis but need a helping hand with entry and exit
timing or stop loss placement, you need a Pro Trader adviser.
Maybe you find your stocks using fundamentals but would like
to optimise the timing of your purchase, we can help you.
Perhaps you are disappointed with the performance of automated
conditional order systems, or just want to talk to an adviser
who knows how to interpret a stock chart - talk to Pro Trader.
Pro Trader Securities Pty Ltd, AFSL Number 29 36 45, offers a
specialist boutique advisory service specifically built with
the technical trader in mind. They provide conditional order,
buy and sell stops, to promote good risk management methods
for traders. The service has grown from a demand by our
members for trading services that provide stop loss orders,
the professional way to trade. This service is also available
to non-members and is a very reasonably priced option between
the cheaper online discount brokers and the full-service
brokers.
Pro Trader Securities can provide general advisory services on
Australian equities, you find the stock we can advise you on
how to interpret the chart to find the correct support and
resistance levels and read the trend. The precise placement of
your entry and stop loss can be crucial to the success or
failure of a trade, we can help you fine tune your order
placement.
Our trading desk will be manned every day from one hour prior
to opening until the close of trading for telephone orders.
As with any broker, stop loss orders will be accepted on a
'non-held' basis.
A stop loss order is an instruction to your broker requesting
your stock is to be sold 'At Market' once prices have traded
at your stop loss price level. You have purchased a parcel of
shares at $1.50. At the time of buying this stock you decide
to preserve your capital and wish to sell if prices trade at
or below $1.34. Some time later the market edges down and a
trade takes place at $1.34. Immediately your broker will place
the order to sell your stock 'At Market'. This sale may be
transacted as $1.34 if there are sufficient buyers at the
time, however it is more likely to be done at a lower price.
We find that many people come to us who already use a software
package such as MetaStock® but crave the convenience of a
market scanner. For those of you who need a software-only
solution we have an excellent product.
Our software package is unique in that we focus on pattern
recognition as well as computer indicators to find trading
opportunities. It includes proprietary patterns that are not
available anywhere else - because we invented them! Our
software was truly developed by people who trade themselves,
so they know what tools are needed. |
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Trading System Review
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