Successful Traders

Our mission at OrderFlowDashPro is to enable traders with next generation technology, and we do that with our AlphaReveal tape reading and order flow software. Our program is designed to help traders achieve a state of flow with the market and utilize their natural intuition and experience to trade. Some people call this "discretionary trading". But, we realized that terminology wasn't fully descriptive, and hence we've dubbed this "process based trading". Process based traders are traders who instead of following a trading system's rules follow a well-practiced process that enables them to obtain valuable information about where the market is going. The exact process that each trader uses is unique. One process might involve tracking fundamentals and staying on top of market themes, tracking volume profile, and the order flow to enter trades. Another trader's process might involve following market internals, order flow, and price patterns.

Yet, we believe there are some commonalities among the best traders. First, they understand what they are trying to do, they practice, and they are follow the process consistently.  The best traders are able to hone in on the factors that are most important for their market.

Other successful traders use a systematic trading methodology. The systematic trader uses a trading strategy (or strategies) to generate signals, and makes a determination on whether or not and how to take those trades using real-time context information such as order flow and price action. More experienced traders often use a mix of the above strategies which can work extremely effectively when paired together. 

And, of course, AlphaReveal has proven to be an indispensable tool for both systematic and process based traders. If you trade futures actively then do yourself a favor and see how we've reinvented the "time and sales" by taking our free trial today.

 

Tuesday, May 07, 2013 1:05:00 AM

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Risk Disclosure:

Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure:

Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.