|
|
|
|
|
|
|
The Internet will place trades automatically for the trader. I remember when S&P traders were so excited because they could stay at home and with one click of the button fill their orders in 10 seconds. Many were looking to automate the placing of trades. Clicking the button will be outmoded. |
|
|
|
|
|
|
|
|
Neal: How is this going to work? |
|
|
|
|
|
|
|
|
Committee: The small investor will use a provider of these integrated services. First, you are given a choice of the various on-line data providers. The next two choices are what commodities to trade and which systems to use. If unsure, then you can do historical testing of each system. Therefore, the startup costs and potential early trading losses will be minimized. |
|
|
|
|
|
|
|
|
Neal: What happens if it doesn't work? |
|
|
|
|
|
|
|
|
Committee: The beauty of future Internet trading will be the option of paper trading. Can you imagine that? After you sign up, then let it run for a month or two and watch the results on paper. Instead of spending hundreds or thousands of dollars on systems, you will pay nothing, or a small fee. |
|
|
|
|
|
|
|
|
Neal: Do you think systems developers will offer their systems on the Internet for a monthly fee or for free instead of a lump sum payment? |
|
|
|
|
|
|
|
|
Committee: I believe many system developers would like to receive a monthly income for their efforts. If thousands use a system, then this results in a profitable monthly income. If the small investor is faced with committing a large amount of his money for buying a system versus paying a monthly fee, he will choose the monthly fee. Because the Internet is causing a paradigm shift, this will force a change in the distribution channel. |
|
|
|
|
|