Griffiths or anybody working with MTPredictor Ltd cannot be held responsible for any losses that are incurred as a result. All trading decisions are your own sole responsibility, and MTPredictor or S. You should seek appropriate advice from your broker, or licensed investment advisor, before taking any action. This document is for information and educational purposes only and should not be considered trading recommendations. There is risk of loss when trading speculative markets. So is there a better way? Yes, and this is the approach most successful professional traders take. Gambling, in other words… So why do I put such a negative slant on all this? Well over 95% of amateur traders fail in this business and the main reason is that they go after the wrong thing – mostly the unachievable desire to predict the future - and work with something that is out of their control. This is why trading is often called speculation because it involves speculating on an uncertain future outcome. Also, because the future has not happened yet, how it unfolds is out of your control.
BUYING MTPREDICTOR SOFTWARE
The idea is that if you know where a market is headed, then you can profit from that movement, However, and it is a big however, what most analysts do not fully appreciate is that the future is uncertain and, again put bluntly, trying to “forecast” the future is not as reliable as most software vendors or gurus would have you believe. Sounds simple, doesn’t it.? One of the most common approaches to this is using technical analysis, which tries to predict or forecast where a market will be at some point in the future. So, put bluntly, all you have to do to make money (over time) is to put more money into your trading account (from profits) than you take out (from losses). As we all know, trading involves making both profits and losses.
However, before we start looking at what MTPredictor can do for you, I would like to give a quick introduction and discuss what successful trading involves and, more importantly, does not involve… Introduction The concept behind successful trading is relatively simple: it is about making money.
Throughout this document I will be using examples from MTPredictor v6.5, the MTP RT add-ons for NinjaTrader 7, as well as the new MTPredictor v7 program.
BUYING MTPREDICTOR MANUAL
Introduction to MTPredictor By: Steve Griffiths, MTPredictor developer April 2012 Welcome to this introduction to MTPredictor, where I would like to take a look at the automatic routines and advanced manual tools that are available for you in the MTPredictor software.