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Online Trading – What is Wizetrade?

Online Trading – What is Wizetrade?

Wizetrade is a community of over 130,000 investors using applications to trade online. These applications include stocks, options, commodities, currencies, forex autotrading and stock autotrading. We are going to briefly discuss each below with exception of the autotraders. We will discuss them in another article

All the applications use the same principles behind them which are red and green colors to indicate buying and selling direction. The charts are pressure charts with red and green lines showing the data which is derived from a mathematical proprietary formula comprising of price, volume, MACD and some other data.

Wizetrade Stocks

This application consists of an overview screen, calendar of stock events, trade manager for entering and closing trades, calculator for determining stop/loss settings, and journal for capturing the chart windows.

The overview screen charts presents a quick assessment of the direction of stock movement using red and green colors. You can have up to 15 stocks on the overview screen. Each stock is broken into 8 interval settings for the charts going from 1 minute up to long term (months).

The charts show data movement using red and green lines, per the interval selected, along with the price information.

Stocks can be traded directly from the trade manager screen with either MB Trading or optionsXpress if a funded account has been setup.

Wizetrade Options

This is an options application which also consists of an overview screen, calendar of stock events, trade manager, and calculator for determining stop/loss settings, and journal for capturing the chart windows.

The overview screen charts presents a quick assessment of the direction of stock movement along with the price data. You can have up to 15 stocks on an overview screen. Each stock is broken into 5 interval settings for the charts going from 1 minute up to long term (months).

The configurable charts show the data movement per selected interval similar to Wizetrade Stocks. It is in the charts where you also get to the option chains.

Option chains can be selected for calls, puts, covered calls and the various spreads.

You can trade options directly from the trade manager with either MB Trading or optionsXpress if an account has been setup and funded.

Wizetrade Commodities

The commodities application consists of an overview screen, trade manager for managing your trades, parameter screen for selecting the commodity expiration, calculator for assistance in setting profit and losses settings, a quick quote table, and journal for capturing the chart data.

The overview screen consists of a tab for each of the major commodities: Grain, Financial, Metal, Indices, Energy Meat, and Custom. Each of the tabs is then broken down into the commodities for that sector. The Custom tab allows you to setup a screen with just the commodities that you are interested in trading.

Commodities can be traded directly from the trade manager if a funded account has been setup with MF Global.

Wizetrade Forex

Wizetrade Forex consists of a tutorial, parameters for setting up how and what currencies will be displayed, overview screen, trade manager for managing your trades, money management screen for calculating profit and loss settings and journal for capturing the chart data.

  • The overview screen will display up to 15 currency pairs with 7 chart settings and the price data for the individual currency pair.
  • The charts show data movement per the interval selected along with the price information and volume (if selected).
  • The currencies can be traded directly from the trade manager with MB Trading if an account with MB Trading has been setup.
  • Benefits

    Wizetrade has a lot to offer the investor to help him and her in their online trading activities from easy to read charts, training, community forums, etc., just name a few. It is really up to you to decide which market you want to trade in and then go after it. With applications for stocks, options, commodities, and currencies all the bases are covered.

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