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COST CONSIDERATION
Analysis of cost that is to be incurred with the usage of analytical is required to be done to determine the effective profit potential of a trader. The factors that need to be addressed are looking for the brokerage fee and any additional cost for using different requisite features. There are many trading software that comes with a standard brokerage fee. However, to access the requisite features, higher versions of the software are required to be purchased. Therefore, it is important to keep consideration of the cost of higher versions and how much is it going to take away from the profit.
MAKING BEST PRICE DEALS
Some of the software support national bidding offers that provide traders an upper hand to make a trade at the best possible price. Many counties provide a National Best bid price but few of them don’t. To benefit from this, day traders need to ensure if the markets they are trading or want to trade can provide this additional benefit or not?
PROTECTION FROM SPYWARE
With the advancement in technologies, it’s exciting to see software creating money. However, there are numerous software/ spyware that analyze the trade orders on the other side of the table and thereby making a day trader vulnerable in the market. It is worth considering if the trading software is vulnerable or safe from these malware or not?