5 Signs You Need to Switch your Trading Group

Stock market investors and professional day traders know there comes a time when the original reason they bought a stock no longer holds. Perhaps the trend has changed, or maybe the company has just issued a profit warning. It’s in these moments that a trader needs to reanalyze his position and consider whether it might be time to cut his losses and move on to a more attractive proposition.

Brokers and online trading groups

also fall in and out of favor.

Technology is rapidly changing and

those that can’t keep up will

eventually fall by the wayside. It’s

important to keep a look out for

these warning signs and be ready

to switch to a different provider

before it’s too late.

2 – Non-Competitive Pricing. Trading groups live or die on the ability to offer competitive prices. A trading group that

offers uncompetitive prices does not usually last very long in the marketplace

and this is why price is one of the last things to suffer from a failing broker.

3 – Outdated Technology. Technology changes rapidly in

the world of online trading. Traders need to be on the

forefront of technology in order to find an edge in this highly

competitive industry. A broker that can’t keep up with

technology is not worth dealing with because you don’t want to

be behind the rest of the market.

5 – Lack of Trading Tools. Not all trading groups are blessed with an equal number of tools and this is

important because the right tools can make a trader’s life a lot easier and therefore more profitable. If your

trading group does not provide trade signals, charts or chat rooms, then you’re likely missing out on some

useful features.

Want to learn more about trading groups? Contact us today to speak

with a friendly Nonko representative! www.nonkotrading.com