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Whilst online brokers have arguably been the most significant influence in the rising levels of demand for trading accounts in recent years, these same brokers are often failing in their responsibility to educate their users. Whilst this failing seems almost counter intuitive, with numerous trading accounts becoming dormant as a result, a number of industries have appeared in a bid to address the rising deficit in trading knowledge. Arguably the most significant of these industries is that of the Live Trading Room.

With the volume of novice traders far exceeding the volume of experienced professional day traders, the value of trading knowledge and wisdom has quickly become evident. The Live Trading Room industry has emerged as the most effective channel for brining novice traders and experienced traders together. Using realtime financial data, these trading rooms offer users a considerable advantage over signal services; the most notable of which is the various platforms' ability to educate users whilst enabling them to place profitable trades of their own.

At, we provide an ongoing analysis of this emerging industry. Over the coming months, we will chart the developments emerging from the Live Trading Room companies, whilst offering advice and suggestions regarding how to make the most from your Live Trading Room provider. Ensure that you check back regularly to see how you can leverage the experience of professional traders in your own trading.

Friday, June 25, 2010

How does your Live Trading Room differ from a Signal Service?

One of the greatest benefits to be derived from your live trading room service is the influence of professional traders on the information conveyed. Whilst more mechanical trading tools like trade signal services typically neglect the importance of human intervention, your live trading room platform will enable you to benefit from trade entry and exit data which has been refined by an experienced trader.

Human Intuition in Your Live Trading Room

Whilst signal services and other mechanically derived data employ the same technical analysis techniques used by experienced traders, human intuition ensures that trade signals prompted by mechanical triggers following erratic market movements can be avoided. The trading room's host can use those same technical indicators upon which the signal service providers base their information to derive their own thoughts on market movements, sorting the resulting signals by likelihood of success. Once filtered, these signals can be communicated to the room's followers. Despite the undeniable value of technical indicators, a lack of understanding renders the resultant data near useless.

Deriving Trading Education from Your Live Trading Room

Whilst novice traders might be imperceptive about the viability of the recommendations raised by a signal service, it is important that these users acknowledge the limitations of such a service. By offering the trader little trading education upon which to base their subsequent development, these traders are forced to blindly follow the signals. With some signals delivering as many as 100 signals a day, blindly following signals can see an account's value diminish quickly. External factors influencing an assets value need to accounted for, and a failure to do so can prove to be a naive attitude to trading. Your live trading room service will add value to the signals provided by providing educational information that will enable you to understand how and why trading decisions are developed. These lessons in trading can prove instrumental in helping you to develop your own knowledge, which in time will enable you to understand how and why market movements can be anticipated.

The Very Human Benefits of Live Trading Room Services

Trade signal services can be a useful tool for trading. The algorithms upon which some of these signals are based are incredibly complex, and the resulting recommendations can offer successful trade suggestions. Be realistic in your expectations of these services though. By neglecting obvious factors effecting the market, these tools can fail to provide an accurate reflection of where the markets are likely to move. Whilst humans are not infallible, their influence can account for those conditions which can't be entered into a computational equation. At the same time, the educational value of your live trading room service is clear.

If developing your abilities as a trader is your intention, then a live trading room platform is the most viable tool for doing so. See how these services could benefit your trading by opening a trial account today.

Thursday, June 24, 2010

Making the most of your Live Trading Room trial

Whilst the significance of trading experience has already been discussed, the choice of platform is of equal significance when selecting your live trading room provider. As this embryonic industry continues to grow, the number of professional traders looking to offer their own trading room has risen similarly. Whilst the majority of these traders offer their wisdom with the good intention of facilitating trade development, others approach the industry for more dubious purposes. With reasons for offering a live trading room service differing, it is important to ensure that the steps taken by the trader to deliver a trade education service meet your expectations.

Assessing your Live Trading Room Options

One of the most common failings of live trading room services stems from the choice of platform. Whilst a handful of live trading room services employ purpose built educational platforms, other services draw upon 'off the shelf' meeting and conference software. Although each format has its own strengths, it is important that you establish the extent to which the platform meets your live trading room requirements. The most valuable tool for gauging your live trading room's suitability is to conduct a trial of the software.

Trialling a Live Trading Room Platform

With live trading room platforms typically offering a service trial of between 3 and 14 days, subscribers should use a trial to establish the strengths and weaknesses of a given platform. Used in conjunction with past performance data, your live trading room trial can enable you to evaluate both the host's experience, and the ease with which information conveyed can be deployed within your own trades. It can also be a useful tool for establishing the accessibility of the host; even the most experienced trader won't be of benefit if the information communicated is unclear or untimely.

Understanding Your Live Trading Room's Strengths

When conducting your live trading room trial, you should use the time available to you to establish as broad a knowledge of the service as possible. Ensure that the trial enables you to experience the idiosyncrasies of your trading room, and that you are aware of how these tools and resources can be used to enhance your understanding of the markets. Make sure that the trial confirms your expectations for such a service, and that elements such as a charting library, regular market commentaries, and live support are available should you so need them.

Your live trading room trial is your most valuable tool for gauging the suitability of a given service. Make the most of your trial by exploring both the platform, and the knowledge of the room's host to the best of your ability.

Wednesday, June 23, 2010

Experience in your Live Trading Room

The ever widening knowledge gap which exists amongst members of the trading community has quickly established experience and wisdom as invaluable assets. With professional traders increasingly acknowledging the potential merits of their own trading knowledge, the last year has seen the rise and rise of the Live Trading Room industry. Employing the trading wisdom of experienced traders as the basis of their offering, a typical live trading room platform ensures that the trade information conveyed is comprehensive yet accessible. With trading education the emphasis behind these emerging products, live trading room providers have adopted a number of tools and features whose aim is to enable the easy integration of knowledge within their user's trades.

Combining Trade Experience with Education - Your Live Trading Room

The live trading room platform is unique in that the insights gleaned are both useful and actionable. Your live trading room platform will enable you to deploy the knowledge of the room's host in your own trades, whilst facilitating your development as a trader. Through the combined use of live data and realtime market analyses, your live trading room service will enable you to see how experienced traders develop and deploy trading strategies and decisions. At the same time, your trading room platform will typically provide actionable information concerning the trades which the room's host has opened a position in. This data can include entry, stop, and take profit levels. Together, these elements offer far greater opportunities for development than more mechanical tools; such as trade signal services or robots.

Gauging the Experience of your Live Trading Room Host

Whilst the capacity for your live trading room to develop your knowledge is undeniable, the importance of establishing genuine experience is paramount. Typically, live trading room providers will enable users to evaluate the performance of their rooms' hosts before committing them to a live subscription. Before deciding whether to adopt the information conveyed in your own trading, ensure that your live trading room provider makes historic trade data available to you. When reviewing this information though, you should bear in mind that losses do not necessarily reflect an inexperienced trader. The ever present volatility that makes trading so appealing can on occasions make it erratic, and even the most experienced traders acknowledge that losses are an unfortunate but unavoidable aspect of trading.

Similarly, you should recognise that overly positive data could be an indication of manipulated data. Bear this in mind when gauging performance, and adopt a strategy that ensures you adopt the service in an informed manner. For example, when not try reviewing the information across multiple timeframes, e.g. month on month. You will then be able to use the data to establish whether profit and loss patterns confirm or question the trader's claimed performance.

Remember, whilst access to experience is an undeniable advantage to your trades, this knowledge can only prove beneficial if it is genuine. Ensure that you research the service before adopting it as your live trading platform, and the likelihood of future successes increases exponentially.

Tuesday, June 22, 2010

Choosing Your Live Trading Room Service

Having developed in response to an ever widening knowledge gap between novice and professional traders, Live Trading Room platforms combine innovation with ease of use to enable users to quickly and efficiently establish a knowledge of the financial markets. Through the application of trade education to realtime market data, your Live Trading Room host will enable you to see how and why trading strategies and decisions are formulated whilst enabling you to place trades with confidence. Whilst this post will attempt to introduce the fundamental expectations for your Live Trading Room provider, later posts will elaborate on how such elements as the Live Trading Room trial and Past Performance data can provide a more comprehensive insight into how these services could enhance your trading.

Your Live Trading Room Platform

When selecting your Live Trading Room, ensure that you are familiar with how the trading room is presented. As trading professional realise the value of their knowledge and experience, the number of traders offering their own services has led to the creation of a number of trading room formats. Whilst it is common for these services to employ off the shelf meeting and conference software, other Live Trading Room platforms employ bespoke live trading room software specifically designed to facilitate trade education. Each format will invariably hold its own pros and cons, and it is important that you establish how these tools can enhance your trading before committing to a given service provider. Look to see whether the service offers a trading room trial, and if so, ensure that you take full advantage of the trial to establish the platform's ease of use.

Education in Your Live Trading Room

Bear in mind that the emphasis behind Live Trading Room platforms is twofold. Firstly, the platform should enable you to enhance your knowledge of both trading and the financial markets. Secondly, the platform should enable you to place trades which the trader is themselves involved in. Often, the manner in which this information is presented will enable you to establish how easily the data can be deployed within your own trading, and the trading room trial therefore offers an unparalleled insight into how suitable the service could be for you. Similarly, past performance data will enable you to gauge how successful the trader has been in the past. Bear in mind that losses don't necessarily indicate that the trader is unsuccessful, and could in fact enable you to establish the extent to which your live trading room provider honestly reports its profits and losses. Along similar lines, positive data is not necessarily a reflection of future gains.

As with most online software, it is advisable that you conduct research prior to subscribing to your chosen Live Trading Room. Take advantage of the resources available, both through the Live Trading Room provider and through such third party review services as Investimonials.