Menu
What is the Modern Trading System?
The Modern Trading System is a set of trading rules that will make you a much better trader. These rules are the lessons learned by a large number of experienced traders who, during their careers, made some fumbles that cost them dearly. We have collected these lessons from our research and formulated them into a cohesive teaching tool. Follow these rules and in the long run, you will win. Ignore them, good luck.
Why do you teach these courses free?
We honestly believe that there is a critical need for non-professional traders to become more competent and comfortable with trading today. There are dark clouds on the economic horizon, and we all need to learn how to take care of ourselves financially. We do not believe that “financial professionals,” “money managers,” and the like are a solution for most traders.
The other reason is that the tools and methodologies available now for non-professional traders are amazing, and we want to make sure that you know about them.
It is true that TradeFinder has developed highly effective, automated trading software that can help you immensely, but the courses do not require its use, and the teachings that we offer will work with or without our trading automation software.
What are the different styles of trading?
Different traders will use different classifications, but we believe the best way to categorize major groups of traders is to put them into one of three major groupings. In the following, when we use the term “asset, ” we refer to a Stock Share, a Forex currency pair, or a cryptocurrency. These assets have similar price actions and can be lumped into this discussion.
Fundamental Traders buy and sell an asset because they have studied it thoroughly and believe that it will rise or fall in a direction that will benefit them. This is the “Warren Buffet” approach. The trades they make are long-term and will typically last for many months or years.
Technical Traders buy and sell assets based on their study of the technical data charts. They look for charting patterns that might foretell the asset’s actions. They may trade as” day traders” or” swing traders.” They have learned to use and believe in the many charting patterns.
Quantitative Traders are the newest category of traders. They buy or sell an asset when their mathematical, logical, and artificial intelligence-driven algorithms find trading signals that tell the trader that a market anomaly or inefficiency has been found. These trades can last anywhere from minutes to days.
What are the directions of a trade?
When we discuss a trade’s direction, we decide whether to buy or sell the asset as we open the trade.
A “Short trade” is made when the trader believes the investment is declining. For this reason, the trader borrows the asset from the brokerage and then immediately “sells-to-open” the trade. The trader then hopes that the asset falls so that the selling price is below the starting price when the asset is closed. If this happens, then the trader profits from the difference in prices.
A “Long Trade” is essentially the opposite of the Short. The trader believes the asset will rise in value, so it is bought (buy-to-open) in the trade. When the trade is closed, the trader will profit if it has a higher price than initially purchased. A long trade is the most common trade made by non-professional traders.
Take the time to go through our Modern Trading System Classes. You won’t regret it.
Unlock your trading potential with our all-encompassing solution designed to empower amateur traders in US stock, forex currency, and cryptocurrency trading.
We recommend using our trading software with the following brokerages.
Sign up for our newsletter to enjoy free trading tips and information about new trading technologies.
Just send us an email and we’ll add you to our contact list.