What Is Simpler Trading? Is It the Best Option?
Simpler Trading is a company and online community that focuses on providing education and resources for traders in the financial markets. Founded by John F. Carter.
There are plenty of questions about the company and its services, such as, “How do you use Simpler Trading Ready Aim Fire?”
Let’s start from the beginning.
Simpler Trading offers various courses, live webinars, and tools to help traders develop their skills and strategies in markets such as stocks, options, futures, and forex.
The company’s primary goal is to simplify the trading process by providing traders with the knowledge and tools they need to make more informed decisions. They offer a range of services and products, including trading courses, live trading chat rooms, and proprietary indicators and software.
Ready Aim Fire Indicator
As stated above, there is no lack of questions about the company, such as, “How do you use simpler trading to aim fire?”
The Ready Aim Fire Indicator, or RAF for short, serves as a trigger indicator used to detect potential buy and sell signals by analyzing historical strength and resistance levels.
RAF is particularly effective in recognizing situations where prices have either contracted and consolidated market strength or areas where recent price movements suggest the potential for exhaustion and a return to a “reversion to the mean” pattern.
By analyzing these patterns and historical data, RAF assists traders in making informed trading decisions based on potential turning points in the market.
Simpler Trading: Is it an ideal platform?
While Simpler Trading is promoted as a platform that distils years of trade experience into actionable lessons, in practice, it may not fully deliver on these promises. We can’t forget about problems when it comes to Simpler Trading review.
Despite its association with trader and author John Carter, the platform has its limitations and drawbacks when viewed from a critical perspective.
Here are some key factors to consider when selecting a reliable platform:
Regulation and security:
Start by ensuring that the trading platform is regulated by a reputable financial authority. Regulation adds a layer of oversight and protection for traders.
Look for platforms that implement strong security measures, such as encryption of data and two-factor authentication (2FA), to safeguard your personal and financial information.
Determine what financial instruments you plan to trade (e.g., stocks, options, forex, cryptocurrencies). Not all platforms offer access to all asset classes, so choose one that aligns with your trading preferences.
Ease of use and user interface:
A user-friendly interface is essential, especially for beginners. The platform should be intuitive and easy to navigate.
Test out the platform’s demo version, if available, to assess whether you find it comfortable and efficient to use.
Execution speed and reliability:
Look for a platform that offers fast and reliable order execution. Delays in order execution can lead to missed opportunities or increased trading costs.
Costs and fees:
Understand the fee structure of the trading platform. Consider factors such as commissions, spreads, overnight financing charges, and any other fees that may apply.
Charting and analysis tools:
Access to advanced charting tools, technical indicators, and drawing tools can be invaluable for traders who rely on technical analysis. Ensure the platform provides the analysis features you require for your trading strategy.
Order types and risk management:
Check whether the platform offers a variety of order types, such as market orders, limit orders, stop-loss orders, and trailing stops. As a reminder, effective risk management features like setting stop-loss and take-profit orders are crucial to protect your capital.
Customer support and education:
Reliable customer support is essential in case you encounter issues or have questions about the platform. Some platforms provide educational resources and webinars, which can be beneficial, especially for beginners.
Mobile and desktop accessibility:
Consider whether the trading platform is accessible on both desktop and mobile devices. Mobile apps can be useful for traders on the go.
Mobile apps are crucial for traders due to their convenience, real-time access to markets, and the ability to react quickly to market changes. They provide instant notifications, ease of use, and access to a wealth of trading tools and resources.
This portable trading environment enhances decision-making and efficiency in fast-paced markets.
Reviews and reputation:
Research the platform’s reputation by reading reviews and seeking recommendations from experienced traders. Look for feedback on customer service, reliability, and execution quality.
Scalability and customization:
Depending on your trading needs, consider whether the platform can accommodate your future growth and trading strategies. Customization options can also be advantageous.
Evaluate the types of trading accounts offered by the platform. Some may cater to different experience.
To sum up, simpler Trading isn’t a bad option. However, there are other options as well. So, it makes sense to compare it with its rivals in order to select the best platform.