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Can you be a millionaire share trader? - thisismoney.co.uk


The following article about timetotrade was written by Alan O'Sullivan and published by This is Money on 22 May 2010. Follow the link to watch the video of Alan's interview with Dary McGovern, Managing Director of timetotrade, which took place on our stand at the IX Investor 2010 exhibition, ExCel, London. Thank you Alan and This is Money!

Have you ever looked at pinstriped financiers and thought, 'What do they do that I can't?'

Why pay a professional to handle your money for you when their complicated antics carry expensive charges and, at times, leave you out of pocket?

Nevermind that bit where they threw the planet into financial freefall.

An increasing number of everyday, non-professional investors are beginning to trade currencies and shares from the comfort of their homes using subscription trading platforms.

One such platform is the online service timetotrade and they let us behind the scenes to test it out and interview their boss.

Using charts, analysis and tips this allows you to hone your trading skills by choosing a group of shares and back-testing their performance to see what you would have earned had you invested.

You can then choose how high you want the shares to rise or how low they can fall before the site alerts you to their performance.

For example, you are alerted – by text if you wish – when a share hits a certain price, which may compel you to sell and bank your profits.

The site, which is relatively complicated at first but less so with use, doesn't allow you to actually trade the shares: you still have to call your broker and organise that independently.

However, timetotrade said it is working on integrating this function into the site later this year, so you should be able to do all your share trading on the site in due course. Any potential brokerage fees will be in addition to the site's £99.99 annual or £9.99 monthly charges.

But is it right to encourage everyday individuals to risk losing the shirt on their backs by partaking in high risk trading? Or should everyone be given the chance to become a successful, millionaire trader?

We talked to Dary McGovern, managing director of timetotrade...

It has never been easier to execute your trading strategy. Our Trigger Trading Technology ® means you can now automatically execute your trades directly in the world’s global markets.

You need never miss a trading opportunity again!

Do you want to:

  • buy when your technical analysis chart conditions are met? Really buy, not just get an email or sms alert?
  • or sell when a support trend line is broken?
  • or back-test your strategy going back as far as 30 years?

TimeToTrade's Trigger Trading Technology™ is truly game changing. It gives you a trading advantage. The power to take your trading to a new level.

Open a FREE TimeToTrade account today to:

  • Trade UK, US and European Shares - apply now
  • Execute trades when your Price, Candlestick, Trend Line, Volume and Technical Analysis chart conditions are met using the Trigger Trading Technology® - learn more - help video
  • Email and SMS Trigger Trading™ Alerts - learn more
  • Trade Off The Chart - learn more
  • Back Test Trading Strategies with up to 30 years of historical data - learn more
  • Create Simulated Trading Accounts to test your Trigger Trading™ Strategies - learn more
  • Real time Forex, UK, European and US stock market data - learn more
  • 170+ Technical Analysis and Candlestick Pattern Indicators - learn more
  • All the tools you need to set up and run a successful investment club - learn more
  • Manage your Portfolio and calculate UK HMRC Capital Gains liabilities and SA 108 CGT Tax Returns - learn more
  • Create Trading Competitions for you and your friends - learn more
  • Apply for a trading account today to get the Live Account Features - apply now

Apply now to try our superb platform and get your trading advantage.

The information and data provided is for educational and informational purposes only. Interpretation and use of the information and data provided is at the user's own risk. All information and data on this website is obtained from sources believed to be accurate and reliable. However, errors or omissions are possible due to human and/or mechanical error. All information and data is provided "as is" without warranty of any kind. We make no representations as to the accuracy, completeness, or timeliness of the information and data on this site and we reserve the right, in its sole discretion and without any obligation, to change, make improvements to, or correct any errors or omissions in any portion of the services at any times. Past performance is not a guarantee of future results. Trading carries a high level of risk to your capital and can result in losses that exceed your deposits. It may not be suitable for everyone so please ensure you fully understand the risks involved.

All services are provided by TigerWit Limited. TimeToTrade is a trading name of TigerWit Limited (a company registered in England and Wales under number 9479466). Our Registered address is TigerWit, 7th Floor, Augustine House, 6A Austin Friars, London, EC2N 2HA, England. TigerWit Limited is authorised and regulated by the Financial Conduct Authority number 679941.

The trading services offered by TigerWit Limited are not available to residents of the United States and are not intended for the use of any person in any country where such services would be contrary to local laws or regulations. Subscriptions to TimeToTrade products are available if you are not eligible for trading services.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading spread bets with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. All clients should be aware that trading involves risk.

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