Many Reasons Exist to Stop Using Wize Trade

Review...

WizeTrade makes good-looking software. As software goes, Wize Trade is intuitive and user-friendly. I used and depended on Wize Trade to trade stocks for about one year. I would probably still be using it if I had not grown weary of paying for WizeFeed.

The necessity of using Wize Feed was not frequently mentioned nor emphasized during my training/orientation. It was not long before I realized that $39/month (5 yrs. ago) was eating into my modest stock gains. I don't know what the subscription rate is today. At the time (2001), I remember thinking that the purchase of the Wize Trade software was my only obligation.

My business associate also bought Wize Trade. He, too, is no longer using it and was discouraged mostly by the Wize Feed data-feed obligation.

Today, five years later, I regularly find internet tools and resources that are clearly equal to the performance of Wize Trade.

If you are not willing to read one or two investor-advice columns per week you should not be participating in equity trading or any other direct trading. Hundreds of experienced, successful investors are hired by dozens of financial websites to share their free techniques, tell you directly what they are buying, why and what they are selling and why.

Finally, I realized from my Wize Trade experience and from subsequent experiences that day-trading and swing-trading are not for part-time investors. Rather, you must be patient and accept that in today's markets you are more likely to experience successes with basic buy & hold strategies involving seasoned, high-rated companies.

However, Wize Trade may offer one advantage: It is effective at getting a person to 'take the leap' into market investing by making it look "friendly and easy."