Live trading rooms are online chat sessions where a professional day trader

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Live trading rooms are online chat sessions where a professional day trader (moderator) calls technical setups/trades and helps participants see the Markets. In these trade rooms, both novice and seasoned traders watch the moderator’s charts, ask questions about setups and using the platform, and trade themselves, either live or in simulation mode.

In a good trade room, the professional moderator does not encourage the participants to enter on just what he is doing, but explains why such and such is a setup. The participants should be able to make their own decisions based upon the advice being offered. 대여계좌

Trading rooms offer many benefits to both the novice and seasoned day traders alike. The novice trader can begin to see chart setups, learn a new trading system, and feel more comfortable knowing that the moderator is sitting right there, available for help. They won’t feel all alone in the world trading blindly. The seasoned traders also benefit because it is four eyes looking at the same charts instead of two. The moderator may see a setup or see why it is not a setup and not advisable to enter. Even seasoned veterans appreciate the extra set of eyes before taking a trade. Understand…day trading can be an extremely lonely profession, with no one to talk to but the computer monitor, the dog or the cat.

There are several types of trading rooms available on the Market. Some trading rooms are for teaching only, where a professional trader shows how to use the trading system in which they are experienced. This can be extremely helpful to new traders who just bought the software and are not sure how to use all of its features.

Other trade rooms have the moderator actually calling trades. This type of arrangement is a bit dicey. If the moderator is not a licensed broker and calls trades, and the participant enters the trade and loses, the moderator is not liable in any way for the participant’s loss. Trade rooms where the moderator simply calls trades without explanation have limited value in the long run. When the moderator isn’t there that day for whatever reason, the participant is not able to trade that day. It’s better to have a trade room where there is information transfer so the participant can become independent.

Another trade room, which, over time, is probably the best, is the room in which the moderator does not actually call trades. Instead, the moderator calls setups, at the same time explaining why it is a viable setup, and then leaves it up to the participant’s discretion as to taking the trade or not. The effectiveness of this type of room, especially for a novice trader, is that they will learn to see the setups for themselves and take responsibility for the trading they do. If there is a loss, they won’t blame the moderator.

Regardless of the style of the room, most trade rooms are oriented towards a specific trading system with certain trading strategies. Some rooms offer free trials, others do not. Generally, the free trials to the rooms are not worth much. Since the room is tailored to a specific trading system and trading strategies, without prior knowledge of the system, understanding what is being done in the room is limited.

Probably the worst arrangement for trade rooms is where there is just chatting back and forth between participants. It is difficult to learn anything in a room like that, without a moderator. It is kind of like a free for all–trade at your own risk. This arrangement is not much more than background noise.

 

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