How To Use The Decision Bar Trading System

Posted on Nov 22, 2008 07:38:07 AM

What is the Decision Bar?

Decision Bar is a stock trading software developed by Les Schwartz, which serves as a roadmap in chart form that shows what market investors are currently trading. A Decision Bar software is marked with trading signals.

What makes Decision Bar Trading different from other stock software is that it can support any existing trade, even the ones that perform poorly in the market. What it does is that it helps its user check the profits and updates him with the trade development in an hourly basis. In this way, the investor can keep good track of his business.

Utilizing the tools of decision bar

After purchasing the software for only $99 dollars, you are entitled to a 30 days trial period. But first, you will need to consider the specifications of your computer in order to make sure that your pc meets the software’s hardware requirements. Decision Bar Trading is so simple that the first three initial steps are so basic:

1.    Key in the symbol of the stock, currency or ETF you’d like to trade, like an S & P 500 for instance or Nasdaq.

2.    Choose your time zone. The interval chosen will refresh whatever changes the decisionbar chart undertakes on the chosen time. The options set can be One minute, five minutes, hourly, daily, and so on…

3.    Once the symbol and time zone has been set, the chart will automatically give the status of the business whether if it shows a “green” line indicates that the trade is encountering a long term status or a “red” line indicating a short term status.

4.    At this point, you are given the option to proceed or withdraw from the business. You could even key in a new symbol.

5.    Indicators of the chart will tell you what current status your business is in as a line progresses in momentum either going downward or upward.

•    Risk Oscillators – There are separate risk oscillator tools for Stock, Forex and Future. They are shown at the base of the chart confirming if the business  is in status of changing from long trade to short trade or vice versa.

•    Seondary Decision bar trading – generates each time the business encounters a lower status in momentum and not as powerful as the initial Decision bar.

•    Dynamic Stop trail module – gives a signal to the point if the business needs to be pulled off from the market to prevent any losses and maintain a reputable stance.

The software comes with a package of:

•    A 77-page Decision bar trading manual.

•     A six video tutorial with twenty minutes a piece of details about the package.

Beginners and novices are advised to do some researching first and learn basic principles pertaining to common stocks, money markets or mutual funds. You will of course also need to have a basic understanding of businesses and consulting. Alternatively, stock traders with no prior experience can hire a broker for assistance. The Decision Bar is a very powerful software, but it is just a tool and will not do everything for you.

So what are you waiting for? With Decision Bar trading, all you need to do as an investor is creatively come up with a good trade to let its ingenuity do its job and reap you unreachable profits!