What is Autotrading?
About the name
Regardless of whether it is spelled Autotrading, AutoTrading, Auto Trading, or Auto-Trading, one thing is certain – autotrading is an unfortunate choice of name. If you found this page through a web search, congratulations! You skillfully navigated past all the pages dedicated to selling cars.
What does an autotrading service do
An autotrading service facilitates the automatic execution of investment newsletter's buy/sell trade alerts directly in an investor's brokerage account.
Newsletters publish trade alerts
Investment newsletters publish trade alerts, which contain ideas for the purchase or sale of stocks or options. The autotrading service receives these trade alerts and promptly enters them as orders into each respective investor's brokerage account.
Separate accounts
Each investor maintains their own private brokerage account, and they grant the autotrading service permission to submit orders on their behalf in that specific account. Newsletter publishers don't have access to investors' brokerage accounts, and brokers don't know anything about newsletters.
Only investors can transfer their funds
Only the investor can deposit or withdraw money from their brokerage account.
Investors choose their own newsletters to autotrade
Investors have the flexibility to designate the newsletters they wish to follow and determine the amount of funds allocated to each trade. They can choose to allocate funds as a dollar amount, a percentage of their account value, a specific number of shares or contracts, or even use a multiplier based on the quantity indicated in the trade alerts (if provided). This versatile system empowers investors to tailor their investment strategies according to their preferences and risk tolerance.
What an autotrading service doesn't do
Autotrading services do not publish investment newsletters or provide investment recommendations. Their function is to process trade ideas from investment newsletters, acting as a reliable intermediary to promptly submit orders as suggested by newsletters.
Why Autotrade?
There are many reasons why autotrading makes sense. Here are a few:
Autotrading lets you get on with your day
With an autotrading service, you can avoid the need to constantly monitor trade alerts throughout the day or keep a constant eye on the stock market for selling opportunities. The service efficiently handles the execution of trades on your behalf, providing you with the freedom to focus on other aspects of your life while still benefiting from timely and precise trade executions.
The autotrading service does all the leg work
Certain financial newsletters adopt intricate strategies, such as Iron Condors, which may pose challenges in their implementation. However, with the convenience of an autotrading service, you can simply relax and observe as the trade confirmations flow in (or not!), as the service takes care of executing these complex trades on your behalf. This allows you to enjoy a more hands-off approach to investing while still benefiting from the strategies recommended by the newsletter.
Autotrade several investment newsletters simultaneously
Attempting to track multiple newsletters manually may lead to missing crucial opening or exit alerts, potentially resulting in missed profit opportunities or allowing losses to escalate unnoticed. However, with an autotrading service, you can avoid these issues. The service is equipped to efficiently follow numerous newsletters, execute buy and sell signals, and implement trailing stops and profit targets, providing you with a seamless and proactive approach to managing your investments.
How to get started
To ensure a smooth and successful process, clients are advised to follow a specific sequence. First, they should open and fund a brokerage account (preferably using links from our web site, so the account is linked to Global AutoTrading already). Once this step is complete, they can proceed to set up their autotrading 'account' with Global AutoTrading. Finally, after establishing the autotrading account, clients can purchase their desired newsletter subscriptions. For more comprehensive guidance, click here for a detailed walkthrough to assist clients throughout the entire setup and subscription process, making it convenient and hassle-free.
Your Next Task: Sit Back and Relax
Once the setup is complete, Global AutoTrading takes over! We will directly receive trade alert emails from the newsletter publisher. The investor also receives a copy for their leisurely reading. Global AutoTrading efficiently executes the recommendations outlined in the newsletters, diligently following stop losses and profit targets, among other parameters. Throughout this process, Global AutoTrading (and possibly the broker) will send status update emails to the investor, ensuring full transparency and awareness of all activities within their brokerage account.