Melbourne, Victoria (PRWEB) October 23, 2012
The Financial Times reported yesterday that the recent US stock rally has created very positive talk about the market's future. The S&P 500 has surged passed naysayer predictions from earlier this year as it approaches the 1,500 mark. This optimistic outlook has created more work for pro trader David Jenyns, who’s experiencing huge demands on his time from trading newcomers, asking which trading systems charting software packages are best to use.
Standing boldly in the face of financial doomsday prophecies, the S&P 500 Index has outperformed what the analysts had forecasted earlier this year. The equity market has already risen 16% for 2012 and has put investors on the starting block to enter the market, while quashing the bearish opinions of top forecasters.
“When the market goes on a rally,” says professional trader and mentor David Jenyns, “it can sustain it for a long time, so this might be the perfect opportunity for investors to jump in for the ride."
“Even though people are shocked at this positive news, it’s only because it's so vastly different to the gloomy predictions from market analysts,” continues David, “the market always goes up and down, so for those of us who use solid charting software, the uncertainty of what to do right now completely disappears.”
The buoyancy of the S&P 500 seems quite assured by bank analysts, who are predicting the index will get close to 1,500 in 2013; while some are even saying it may surpass 1,565 which was its record high from 2007.
“Although it's good, this recent news has really put a strain on my time, the high volume of enquiries I’m getting now is unmatched to what I've had in the past,” exclaims David, “I’ve hardly had time to trade myself!”
David goes on saying that first-time traders are often excited by positive news like that of the S&P 500’s recent strength, but their inexperience ultimately whipsaws them back out of the market and leaves them with a bad taste for trading.
“Most of the questions I’m getting are from newcomers,” says David, “and because I have a soft spot for newbies, I provide essential information and guidance, for free, about trading plans and using a trading plan template.”
David also mentions that his goal has always been to help inexperienced traders gain knowledge and understanding of how to successfully trade the market. To find out more about David’s free trading systems strategies and trading systems charting software, visit his website today.
About Free Trading Systems
Professional trader, coach and author David Jenyns created the Free Trading Systems site to help both new and experienced traders employ the right steps and tools to become successful in the stock market. David believes his success is partially owed to ‘paying it forward,’ therefore provides this detailed trading system information completely free for his students.
More about David Jenyns at http://www.davidjenyns.com