Hi everyone,
I've also decided to finally seriously begin my education in trading. I've been curious about online trading and technical analysis for a few years but it hasn't really gone anywhere. I don't have much prior knowledge of trading, aside from a few long positions in common stocks.
I'm a software engineer and am very curious about the ability to use trading systems to automate trades. Is this something most people are doing? I work full-time, often long hours, so I'm looking for something that can be setup to run autonomously while I am away. Is this a recipie for disaster or is it a viable strategy to setup a software trading robot?
My hope is to eventually possess a set of trading rules that I've tweaked, and treat as a complex software application that I can let run in the background. As long as it is operating within parameters, I can let it run mostly unattended during the day. It should generate a steady series of small, but steadily accumulating wins managed by intelligent application of trend analysis, and rules gathered by my own and other's personal experience.
The real goal here is to leverage the time I have to spend maintaining it into more profits per hour than I could make through some other form, such as selling my programming services for $50 an hour a few hours a week.
I realize I may lost a $1000 bux learning to trade, and I'll have to trade manually to really learn the system, but is this type of automated system a feasible idea or am I wasting my time?
The community here has a great feel and is friendly and informed. Thanks everyone for the willingess to share your knowledge.
Thanks,
Infonaut
I've also decided to finally seriously begin my education in trading. I've been curious about online trading and technical analysis for a few years but it hasn't really gone anywhere. I don't have much prior knowledge of trading, aside from a few long positions in common stocks.
I'm a software engineer and am very curious about the ability to use trading systems to automate trades. Is this something most people are doing? I work full-time, often long hours, so I'm looking for something that can be setup to run autonomously while I am away. Is this a recipie for disaster or is it a viable strategy to setup a software trading robot?
My hope is to eventually possess a set of trading rules that I've tweaked, and treat as a complex software application that I can let run in the background. As long as it is operating within parameters, I can let it run mostly unattended during the day. It should generate a steady series of small, but steadily accumulating wins managed by intelligent application of trend analysis, and rules gathered by my own and other's personal experience.
The real goal here is to leverage the time I have to spend maintaining it into more profits per hour than I could make through some other form, such as selling my programming services for $50 an hour a few hours a week.
I realize I may lost a $1000 bux learning to trade, and I'll have to trade manually to really learn the system, but is this type of automated system a feasible idea or am I wasting my time?
The community here has a great feel and is friendly and informed. Thanks everyone for the willingess to share your knowledge.
Thanks,
Infonaut