Software review: Seismo PDF Print E-mail

Three traders at different levels of experience test Seismo.

Trader One

Seismo’s Intuitive Trading & Investment software is much more than a basic charting package even if, as expected, all your favourite technical indicators can be found here.

The real purpose of this software lies with the six basic pre-loaded scans that allow you to search through screeds of stocks within seconds to identify potential trading opportunities.

The scans identify stocks in uptrends, downtrends, breakouts and reversals. They also take the guesswork out of doing manual searches and save you a lot of time. Believe it or not, there are 20 pre-loaded scans that come with Seismo’s package, but most of them are complex and beyond the scope of a first-time user. Of course, the scans are only part of this program’s appeal.

The program provides a complete trading system. What I like perhaps most of all is how Seismo emphasises the importance of money management. It does that through a unique calculator, which, with the click of a button, can help you crunch the key numbers on every CFD or stock trade before you enter.

We beginners often overlook position sizing when it comes to splashing our hard-earned cash on trades. Thankfully, though, Seismo’s calculator is pre-programmed, easy to understand and could save you more money than
anything else you’ve used.

The other big tick for these guys is their customer service, which is second to none. Generally speaking, if you want a piece of software these days you have to do everything yourself, from downloading and installing right through to learning how to use it. All the while, you tend to have this feeling you aren’t quite using the full functionality of the software. Mark my words, that will not happen when you deal with Seismo. Seismo offers
personalised service. These guys work as hard to make customers happy as they do on developing their software – and it’s a strategy that works.

The software comes with 10 years of historical stock market data, which can be updated, delayed by 20 minutes, at the click of a button.

Aaron Lawton has been trading options part time on the US stock exchange for more than two years.

Trader Two

Seismo is a complete trading system with customisable trading strategies, so don’t make the mistake of comparing it to a charting program. The one-on-one tutorial with the setup of the program was personalised for me, as it is for every client.  I found this extremely efficient and also a great learning experience.

The system contains all the tools you need to implement a successful trading plan, which is what sets Seismo apart from any other package I have seen. Seismo allows you to learn the right way to trade. You get to select strategies that suit your time horizon and tweak them to match your trading style. Next you scan for these set-ups and apply the money management tools. It is that easy.

sing this package also significantly cuts down the time required for identifying trades. The scans do this work for you with a mouse click. There is a lot of sophistication built into the program to make it swift and user-friendly.

The money management tools allow you to calculate your position sizes with just a few clicks. Anyone who has traded with leverage will realise what a blessing this tool is for CFDs, both for ease of operation and error
minimisation.

Seismo also put me on a trial of their Platinum Recommendation Service, which sends out trading alerts to subscribers. I am happy to report that these trades would have been in profit now had I taken them. But you can check out the performance figures for yourself on their website.

If you are into developing your own trading systems from scratch and you already understand how to apply money management principles, then this program may be too restrictive. But for traders who are still learning how to assemble a system and apply money management strategy, this is the perfect package. In addition, I recommend that anyone seeking to save time should investigate Seismo.

Ulla Decken is a part-time forex trader and a full-time financial planner.

Trader Three

Seismo Intuitive Trading & Investment software is among the first of the new generation of charting and technical analysis software. It has been developed and configured specifically to trade shares and CFDs. What makes this software attractive is its role as trade advisor and portfolio manager coupled with an alert system. Every user is trained personally by Seismo (up to four hours of telephone training is provided). Also, Seismo offers a premium stock pick service live, via SMS and email.

Seismo comes fully configured as a complete trading and investment system: standard technical indicators are offered in unique combinations as trade management templates. However, advanced users have complete control over all parameters.

What I found very attractive was the built-in Seismo market scans that look for opportunities across all market phases, based on user-set parameters (or predefined templates).

The interface was smooth and functional, easy to understand and with just enough complexity to enable a user to fully customise the available indicators.

Seismo has its own historical data service that ran very smoothly and was easy to use. Access to ASX fundamental data and a unique CFD pricing calculator are a welcome addition.

Seismo provides tools to keep track of your portfolio of stocks and CFDs, a stock watch list feature, and a trading diary. These are essentially pre-configured spreadsheets linked to Seismo’s data source, which is very useful for managing portfolios and separates Seismo from a number of other trading software packages.

What distinguishes Seismo is personalised training and the inbuilt trading disciplines and money management. As such it represents a new twenty-first century generation of trading software that not only excels in the charting and technical analysis features (highlights of last century’s software), but also assists traders and investors with well designed trading strategies and money management techniques.

Seismo’s Platinum Recommendation Service delivers e-mail and SMS alerts live – thus making Seismo a trusted partner of the trader-software pair.

Tom Frtunik is an FX spot trader.

Seismo response

At Seismo we work closely with our clients to fully understand the level of their market experience and their trading and investment goals. We then help install the software and personally train every client by phone, in the comfort of their own home or office and at a time that suits them.

Our software and training provide a complete trading plan and decision system for shares and CFDs – in rising and falling market conditions (long and short). Seismo caters for both trader (short term) and investor (medium term) time horizons. You can run your SMSF, share and CFD portfolios on our one system. We help our clients achieve outstanding results on a consistent basis, with a strong emphasis on money management and capital protection.

Leading stock brokers from Australia’s largest broking firms use Seismo software on a daily basis to generate trading and investment ideas for their clients. With Seismo, you can work with a stock broker who uses and understands the same software that you do!

No matter what technical indicators or trading strategies they use, all traders and investors need to know what to buy, what to sell, when to enter, when to exit, how much to buy or sell and, above all, how to protect profits and capital. This knowledge is exactly what Seismo software and training is designed to help provide – all within one easy-to-learn and easy-to-use software interface.

What could take you over ten years to learn from books, exhaustive testing and hard or risky capital experimentation can be learned and understood in only hours by phone with Seismo.

For more information or for a trial of Seismo software and our Platinum Recommendation Alert service, call Seismo on 1300-787-762 or go to www.seismo.net.au

This article was originally published in the May/Jun 2010 issue of YourTradingEdge magazine. All rights reserved. © Copyright 2011, Your Media Edge Pty Ltd. 
To subscribe to YourTradingEdge magazine click here, or to purchase this issue as a single back issue, click here.

 
More articles :

» I borrowed to buy shares and have sold them last financial year but did not apply the proceeds to interest bearing debt. Is the interest I pay after I sold the shares deductible? I am not a share trader and reported a small capital gain on sale last year

You would be able to claim a deduction for the interest expense in relation to money borrowed for the purchase of shares but only during the period/s in which it is expected that you will derive an income.  Once the shares were sold, it is quite clear that your original loan to purchase the shares...

» I am retired and I lost $10,000 in trading last year. Can I claim this as a tax deduction?

Losses are sometimes unavoidable, particularly during volatile markets. Provided the non-commercial losses rules are satisfied, the Australian Taxation Office (ATO) allows traders to claim an immediate deduction for their trading losses and offset the losses against other taxable income, such as...

» I am now retired and have started trading FX from my home. I also own a small parcel of blue-chip shares – would I be classified as a trader or as an investor?

The distinction between traders and investors is significant for tax purposes, because they deal with gains and losses differently. In financial years when investments plummet, it is quite common for taxpayers to try to class themselves as traders. If an Australian Taxation Office (ATO) audit finds...

» How long can the euro remain resilient to the Eurozone’s sovereign debt crisis?

There have been plenty of people who have called the euro’s demise during the sovereign debt crisis and so far they have all been disappointed. The euro has been surprisingly stable ever since the Greek debt crisis when ittoppled 10 per cent in a month.There are three main reasons for this in our...

» How much do you recommend new forex traders to begin with and what size lots (eg standard, mini and or micro)?

That is a great question since position size is one of the most important things that a new trader needs to get right in order to be successful. If a trade position is too large for your account balance then you can get wiped out in an instant especially if the market is moving quickly, which is...

» 2012 MTA Symposium early registration opens

Early registration is open for the 2012 Annual Market Technicians Association Symposium!

Login

Login for greater access to YourTradingEdge
magazine online content:

Readership Survey

Traders and investors, here's your chance to participate in the 2012 YTE Readership Survey.
The purpose of this survey is to learn more about the YTE readership and how we can improve the magazine. Click here to take part.

Polls

Which financial products do you trade?
 

YTE Twitter

YTEmagazine: Jay Ng from @AsiaPacFinance explores a #trading strategy designed to generate excess returns in #currency markets $$ http://t.co/Q3C8mMHS
YTEmagazine: Ask our resident #Trading #Tax expert Adrian Raftery, aka @MisterTaxman, your tax questions $$ http://t.co/NNCD5cWE
YTEmagazine: The more you can preserve your capital, the longer you can stay in the #trading game $$ http://t.co/j2EoBzBC
YTEmagazine: How to preserve trading capital, plus using copper to trade the AUD http://t.co/T8nJaP55
YTEmagazine: #Forex expert @mariosingh gives the important highlights of the Greece debt-deal talks $$ http://t.co/CPMaXuaH

Trial YTE for Free

Trial YTE for Free Click Here

Internet Policy | Copyright Your Media Edge 2011 | Home | MarketSource | infostream | Make YTE my Homepage | Help | Site map

RocketTheme Joomla Templates