The Subtle Art of Choosing The Right Live Trading Room
New and professional traders rely heavily on live trading chat rooms to access information and gain market insight. Both day and swing trading require traders to stay updated with the current news, find reliable sources of information and join a trading community to bounce ideas off one another. Choosing the right live trading room can either make or break your trading experience, so it is essential to know what to look for when joining a live trading room.
What Is A Live Trading Room?
Before jumping into details, we will briefly discuss what a live trading room is and what is the benefit of joining. Trading rooms are regarded as trading schools that provide educational resources to guide traders and find their unique way of trading. The best trading rooms offer traders the tools and services to effectively utilize news or updates to start actively trading.
Live trading rooms expose new and experienced traders to different trading strategies and setups that will help shape their trading style. Traders can increase their trading knowledge and experience through a supportive community and active members. Read on to learn how to choose the right live trading room.
Top 3 Features To Look For In A Live Trading Room
1. Education is Key
While looking for trading chat rooms, you will undoubtedly stumble upon public forums, news sites and social trading sites that promise traders 100% successful strategies, foolproof game plans and guaranteed gains. Unfortunately, there are no guaranteed results with trading. As a matter of fact, websites that promote false promises are not only illegal; they are primarily a scheme to get subscriptions without providing any helpful information.
Trading rooms that provide educational resources are the best place to start. Spartan Trading’s live trading room offers traders transparent and straightforward educational resources that cover basic concepts of trading and how to use this information in the real world of trading. Spartan Trading’s live trading room members are exposed to a team of moderators with different trading strategies, various trading setups, and over 80 years of combined experience within financial institutions and Hedge Funds. With unlimited resources of information, Spartan’s live trading room is guaranteed to offer traders a well-rounded educational experience.
2. Live Video and Messaging Tool
To fully benefit from educational chat rooms, you need access to real-time trade. Every trading day is unique – moderators identify peaks, track trends and implement different techniques depending on the current market conditions. Spartan’s live trading room gives all members access to a live messaging tool (Discord) where trade ideas are presented and discussed, and a live video stream via Zoom, where our head moderator, Spartan, trades in real-time. Spartan’s day trading program provides members with various trading methods according to their trading needs as the program covers how to identify trading signals using educational material and trading tools.
3. Coaching Support
Many traders have shortened their learning curve with Spartan Trading’s live trading room as they had access to our moderator’s after-market hours. With Spartan Trading, your education does not end when the market closes; in fact, we encourage all members to work on their game plan, establish new trade ideas and generate different strategies for upcoming trading sessions. Our text chat is open 24 hours a day, seven days a week, to guide our members through all their questions and inquiries. At Spartan Trading, our goal is to help you become an independent professional trader, which is why we aim to provide you with all the necessary tools within and outside market hours to reach your goals.
Whether you’re a beginner lost in the world of trading or a professional trader looking to reach new insight, Spartan Trading’s live trading room will help you achieve day trading success.