Actual Question:
Sir, Is Algo trading
suitable for layman like me? If it is,
which is the best knowledge center and best software, Ambibroker or Zerodha or
Omenys?
Answer:
 |
| Shocked man staring at losses incurred through algorithmic trading on margin |
Dear Friend!
Algorithm (Algo.) based trading is not good for anyone. There is
no best knowledge centre, no best software. It is all hoax. If it were not
there will be millions of billionaires. Why will IT companies struggle hard to
make software - they can simply make money from stock markets?
Forget about Algo., even ordinary trading in stocks or
commodities or currencies is pure speculation and extremely dangerous.
What is your objective?
Getting rich?
There is a much simpler, surer and safer way to riches and
wealth!
Learn and become a value investor.
How?
Read the book “The
Intelligent Investor” by Benjamin Graham.
There are a number of
good websites / blogs, including my own blog “Wealth
Vidya” where you can learn and practice value investing.
Open a Demat
Account and online stock trading account and start investing in good
stocks for the long term.
Get rich slowly but
surely and safely!
Suggested Further Reading:
- Day Trading Definition
- Margin Trading Definition
- Value Investing Portfolio, “Portfolio 2K15”
- Value Investing Resesrch Reports
- Free Downloads of Company Research Reports
Thank you,
With Best Regards
Anand
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