Factors to Consider Before Choosing a Stock Trading Software

Technology has affected the way we trade and do business. The springing up of different stock trading software has made the life of a stock trader easier than before. People now have the necessary tools they need to take accurate decisions regarding the buying and selling of stocks. But with this recent development comes a disadvantage. There are different stock trading software everywhere. And not all of them can be trusted to provide what you what you want. This is why it is important to find out all you can from the seller before buying or ordering any particular software. The following are some tips that can help you select the right kind of stock trading software for your trading needs.

Ask questions and Look at the features

Usually, good trading software should have a combination of different technical analysis. The most robust software will cover hundreds of indicators such as Parabolic Sars, Stochastics, and Relative Strength Index to enable traders properly utilize all these tools as part of their trading arsenal. Some even offer a wide range of candlestick patterns and chart formations in order to set conditions for proper decision making when trading in stocks. When you find software with plenty of these features, then you are probably getting the real deal.

How complex is the program?

Normally, the most efficient software is totally automated and very easy to use. It should not pose a problem to the user. While some of these programs require you to have a little technical knowledge on programming, others are simply point and click systems. You should be going for the user-friendly model if you are new to stock trading and don’t have any programming experience. However, some of the easy-to-use systems lack more complex features fro experienced traders. The type of trading software you decide will depend on your need and trading experience. So, before you start using any one, make sure you go through their demo and find out how their program will function in case you decide to trade with real money.

How good is their customer service and tech support?

You wouldn’t want to have an outage on your platform when you about to execute a very important trade. Before you decide on particular software, find out their past records and see whether they have a history of high “up time” and if they are reliable. If their history doesn’t indicate a good tech support and customer service, then you have to look elsewhere.

There are other indices that will guide you select the right stock trading software. The most important thing is to do your proper research and ask questions before picking a particular one for your stock trading.

If you are looking for an online community to help you with your investing and trading then check out http://wallstreetwindow.com.

Posted under investing

China GDP Growth Rate – The Past and Future

China has the second largest economy in the world by purchasing power parity (PPP) and by nominal GDP after United States. With a growth rate of 10% per annum, it is the fastest growing economy in the world. There are many factors that indicate it might surpass the United States and become the largest economy in the world in the nearest future. It is the largest manufacturing economy and the largest exporter of goods in the world as opposed to the United States, a service driven economy. The Chinese economy is the only Asian economy to have reached the $10-trillion mark (along with the European Union and the United States) in reserves.

The most common reason for China’s high GDP growth rate in the past was the activities of its Special Economic Zones, which extend successful economic experiences to lesser developed areas.

The staggering growth of their financial institutions in the 1970s and 198s was another reason for their GDP growth. (87% percent of their financial institutions are controlled by the state). The Ministry of Finance and the People’s Bank of China are the major instruments of fiscal and financial control in China. These units have been so effective over the years that many other economies are trying to replicate their strategies.

But recent economic results show that the age of more than 10% yearly growth of the Chinese economy is over. Although the economy has continued to urbanize, the demand for roads, housing, and other infrastructure are getting close to their peaks.

This recent development has seen most of China’s resources being channeled to provide solutions to these problems. Many rural dwellers are still languishing in abject poverty and it is the goal of the Chinese government to balance the equation through massive investment in innovation and technology.

The Chinese government has set a 7.5% GDP growth target, but this will not be constantly achieved if the necessary things are not done. The government has to look towards the long term growth rather than the short term growth, and quality of development rather than quantity. This entails that it has to stay on course to enact comprehensive reforms that will spur their GDP growth. In practical terms it entails resisting the urge to use macroeconomic policy adjustments to spur growth. Otherwise, the economy may be strolling on another batch of inefficient and ineffective government projects that will boost the GDP in the short run but may eventually shrink its overall development in the long-run.

Posted under china