What is TradeMiner?
TradeMiner is a platform that offers you insights that can assist you in making practical investment decisions on the basis of historical data. The tool is based on a scanning software that scours past data and utilizes it to offer you the best decisions to make at a particular time. Through this, TradeMiner assumes that historical information impacts future trends. Even though it might not apply in all cases, it happens in many cases that comprehension of the past performance of a certain market can make it more likely to predict its future performance. Hence, TradeMiner is a tool that aims at increasing your likelihood of making successful trades. Past research indicates that trading with historical data has an accuracy level of 80 percent.
What Packages Does TraderMiner Have
The platform can be accessed through four different packages. The initial package is composite because it consolidates the rest under one group. This first package consists of details on Futures, Forex TradeMiner, and Stocks and has a $194 introductory price and an annual fee of $129 after that. In case you have chosen one specialization area and are looking for cycles and trends from it, you can get it at TradeMiner. The individual Forex TradeMiner, Futures, and Stocks packages go for $97 each for the initial year and $79 annually after that. If you pick two individual packages, you receive the third one at no cost. Moreover, you have one-month money back guarantee period.
How Does it Work
If you are interested in this platform, you first require downloading it. You will incur an initial cost of $194 for accessing the download link, or $97 for the individual packages. Luckily the tool is compatible with every major operating system like Windows, Linux, and MacOS. Hence, the platform will automatically begin to scan the markets on your behalf and offer you comprehensive reports on trends and patterns. That leaves you with ample time to concentrate on creating a proper strategy or take part in forex forums to be up to date with the most recent chatter. The software assists in minimizing your workload by 80 percent. This is because it assists in scanning the market and presenting you with ready-made reports.
Quick Scans of the Market
To perform a quick scan of the market, you require searching for specific symbols or trends via a unique search engine present on the platform. The platform will automatically rank the historical information based on a proprietary ranking system. The system chooses the stocks with the biggest historical gains and offers them priority on the list. The results are given a score of between zero and five rankings. The score comes with a color-coded button that shows the specific signal’s strength. For instance, a score of four is normally assigned a green button that confirms that the signal is strong. A score of less than one rating is assigned a red button, which shows that you need to stay away from that market.
Broad Spectrum of Charts
The platform comes with four kinds of charts. The first and the most well-known chart is the Historical Equity graph that reveals the general behavior of the market over time. Another chart is the year-by-year comparison that offers a bird’s eye view of the performance of the market. The third one is the historical risk vs. reward chart that is beneficial during on-the-spot decisions. The fourth and last one is the year-by-year trade that captures all trade details required for making actionable decisions. Hence, regardless of your trading style, you will find a suitable chart for you. It is significant to note that the charts are user-friendly, which means that you don’t require being an expert to comprehend them.
Enhanced System of Filtering
The enhanced filtering system is also called the custom search optimization tool and assists you to filter data so that you focus on the important details. The tool comes with various filters, including Margin per Contract, Volume, Sectors, Industries, Price Range, Pip or Tic Value, and P/E. Hence, whether you are a big investor or a penny stock trader, filtering out the clutter is easy. Upon doing so, your searches will reveal a list of options based on what you want. This is useful as it assists in saving time that you would need to go through numerous results.
How to Leverage TradeMiner
There are various ways of leveraging TradeMiner, but it is not as sophisticated as other more expensive ones. Hence, you require putting in some effort as the platform can only do 80 percent of the work for you. Here is how to leverage the tool.
1. Scan for Technicals
This system is easy to use and scan for trades prior to picking the best, potential ones. Majority of the people do it depending on the historical average returns and score. Additionally, you can check your charts to identify the stocks that have gained the top technical setups.
2. Wait for the Proper Time to Strike
It is well known how quick the stock market changes. Hence, you can always depend on TradeMiner for trading as a seasonal trader. This way, you can assess the market for some time before making a timely move. You can fail to get the potential earnings of constantly trading, but you will benefit from extra security.
3. Trading Options
The most popular way individuals make money as they trade stocks during low prices is by going long. When the prices go up, they short. Unluckily, there is always a risk that you will purchase at a high price and sell at a low price at the end, which leads to a loss. But TradeMiner will ensure this does not happen. Options trading assists in limiting your level of risk while maintaining unlimited possible earnings. The Trademiner platform assists you in identifying the right type of options for trading on the basis of historical information.
4. Trading Pullbacks
At times, the most ideal way to make money on a trade is to wait for the pullback trend. Unluckily, it is very hard to know when a pullback trend is getting ready to take over with the use of ordinary strategies. But the TradeMiner platform assists you in monitoring seasonal trends and making a trade when the prices begin following their historical trend direction.
5. Double Check Things
In case you are already using another forex and stocks trading platform that offers trade setup, TradeMiner can act as a backup system. Hence, you will be able to confirm various callouts to double-check if they agree with the expected market cycles and historical trend. In this way, you will not get harmed by false signals.
6. Trading on the Go
You can set up the TradeMiner such that it can send custom notifications to your email address. Hence, it will remove the need for sitting in front of the computer the whole day as you wait for call outs and signals. This means that you will have more freedom to pursue your hobbies and interests. At the same time, you will avoid making trades that don’t conform to historical trends.
The Ideal Trader for TradeMiner
TradeMiner is most suitable for novice traders. The platform has a thriving education center that offers you the confidence you need for making profitable trades. Hence, this site is for anyone who is looking to learn the fundamentals and still earn some money. In case you are an experienced trader, there is a high likelihood that TradeMiner might be unsuitable for you. But in case you want to make your strategy solid and improve your confidence, this tool will be invaluable to you. This is particularly when you require double checking your trades to confirm that they are at par with relevant historical trends.
Importance of Backtesting Tools Like TradeMiner
Conventionally, stocks, futures, and forex pairs have been determined to have a cyclical behavior, meaning that they follow a similar pattern annually. However, the problem has been keeping up with these cycles. But backtesting platforms like TradeMiner offer traders confidence and power to find these patterns and interpret them. In this manner, you can trade smartly without having to keep track of a lot of historical information. TradeMiner has more than four decades of historical trading data, meaning that the platform has grown into one of the biggest libraries for traders.
• Easy to use system
• It has an affordable price
• Straightforward and easy to set up
• The fee is yearly and not monthly
• An analytics system that is driven by data
• There is no emphasis on one-on-one mentorship
• Historical data is not always completely accurate