I’ve had some nice emails from traders following my system. Robert Fearn wrote just as I was about to write this column ‘made a nice £406.57 today’.
So what is it they are doing right? Technology has meant trading is easier than ever. I don’t mean there are online brokers and websites – those have been there for years. I mean there are indicators to guide you when to buy and sell.
That has been the biggest issue for traders until now – when to buy and when to sell. And it is not easy. There are a lot of calculations and things to think about. You need to be watching the market, looking at the prices.
But very few people know indicators exist. I started creating indicators years ago because I knew automation is key to productivity. God knows the Government tells us we Brits are unproductive.
Why would people not want to be more productive? Because it takes an investment in time upfront. But you reap the benefits forever. Most people prefer doing the way they’ve always been doing things and that is why so many people never get ahead.
By using an indicator, from an expert, you get their experience, their expertise, and don’t have to make your own mistakes. You also get to reduce stress. You see for a lot of people indecision, confusion caused by the markets leads to stress. They know the upside is the opportunity to make money, but the downside is the stress.
This is also a key reason traders like me use indicators. They have to be stressed. Not me. They do the calculations. If they do not tell me to buy, then that’s fine, I’m not worried.
The more you can automate when it comes to trading and making money from the markets, the easier your life becomes. It’s a little like trying to get people to understand the benefits of smart meters, or the internet even!
Keeping on top of cutting edge innovation is what sets the early adopters apart and gives them an edge. All financial technology must solve a key global and important problem. We know already from the data people are less investing in the market than they should given their future financial needs. The reason for this is they think it is harder than it really is.
This is why it is vital we keep them informed of developments to make their lives easier – like what Uber did for taxis, indicators do for making money from the markets. And we should not be surprised. The UK is the home of financial innovation after all.
Alpesh Patel
