Autotrade any investment newsletter with Global AutoTrading!
What is Autotrading?
Regardless if it’s spelled Autotrading, AutoTrading, Auto Trading or Auto-Trading, one thing for sure is that autotrading is an unfortunate choice of name. If you found this page by searching the web, congratulations! You managed to avoid all the pages that dealt with selling cars.
Autotrading is a service that executes an investment newsletter’s trade alerts in an investor’s brokerage account. As an investment newsletter publishes email alerts to buy and sell stocks or options, the autotrading service receives those trade alerts directly and enters trades in each investor’s account. Each investor has their own private brokerage account; they just give the autotrader the permission to enter trades in that account. Only the investor can deposit or withdraw money from the account. The investor specifies how much money to allocate to each trade.
Autotrading services do not publish newsletters or recommend investments; they just execute the recommendations.
There are several reasons why autotrading makes sense. Here are a few:
Autotrading lets you go on with your day
When using an autotrading service, you don’t have to be on the look-out for trade alerts all day to know when to buy or be watching the stock market all day to know when to sell.
The autotrader does all the leg work
Some financial newsletters follow complex strategies like Iron Condors which can be difficult to implement. When using an autotrading service you can just sit back and watch the trade confirmations flow in (or not!).
Manage several investment newsletters simultaneously
It can be difficult to decide which investment newsletter to follow. If you try to follow more than one, you might find yourself missing alerts, or even worse, missing exit signals, which means you could be losing some hard-earned profits or allowing losses to grow, without realizing it until it’s too late. An autotrading service has the tools in place to track large amounts of newsletters, buy and sell signals, and trailing stops.
Setting Up Your Own Autotrading Account
Setting up an autotrading account with Global AutoTrading is simple. The diagram on the right shows what you, the Investor, need to do.