How to take your trading to the next level!
In this lesson, we will discuss what you can do to take your trading to the next level!
Learn to code
One of the biggest steps you can take in your trading is to learn a coding language so that you can start simulating different strategies and setups on historical data. This opens up completely new possibilities when it comes to building and verifying your own day trading systems, which is an important part of becoming an independent trader.
When it comes to the trading platforms to code your strategies, there are several good options on the market. Let’s briefly look at a few different options
- ProRealTime: This platform has a coding language that is easy to learn. Unfortunately, some features found on other platforms are missing. Also, access to historical data is limited. So it is not a platform we would use for developing our own trading strategies.
- TradeStation: TradeStation has all the features you need to effectively build day trading strategies. It is also based on a coding language that is very easy to grasp as a beginner.
- Multicharts: It is similar to TradeStation in many ways, but in some respects, the platform is faster. However, it costs much more than TradeStation, which is free for those who have a trading account with the brokerage firm that owns the platform.
- Amibroker: The platform is very good and very fast, but its coding language can be a little harder to learn as a beginner.
Of course, there are other platforms out there, but in our opinion, the last three options in the list are among the best!
Here are some free resources for each of the platforms: