In a nutshell what is StockPair?
Stockpair is an online platform for Pair Options trading.
If you're wondering what that is, Pair Options trading is the term given to analysing the relative performance of stocks and profit in pairs. So for example predictions can be made for stocks in which company will out perform the other (for example Coca Cola and Pepsi in relation to each other).
Pair Options are based on the comparitive performance of these stocks which means that the general market direction, whether it goes up or down it does not matter, it is based on the performance of these two stocks.
Are there any training manuals available on their website?
The website layout is pretty straightforward but at first glance it does take some getting used to, especially if you are new to stock trading of any sort. If you are familiar with the terms used in financial trading you will get the general gist of everything pretty quickly.
They also have a lot of online material available directly on their website which is open for people to go through to learn how the financial markets works and the way in which stock pair trading works.
What strategy should I follow?
When you create an account there's a link to the Strategies section of which there are two main ones:
1. Cointegration (making an assumption based on assumption that stocks will return to their correlated path)
2. Support and Resistance (entering on a low level and assuming one stock does better than the other)
Any further help?
Further help is provided by an ongoing blog which is updated on a regular base. The current market trends for stocks are continuously shared with the community. The blog can be found here: http://blog.stockpair.com/?cat=19
What are the costs which are involved?
To creat an account it is free, however you would need to deposit an opening balance before you can begin trading. The opening deposit can be as low as £100.
Why do I need to authenticate my account?
Stockpairs.com require you to authenticate your details as you are dealing with live trading. They ask their users to submit photocopies of the credit card used to deposit the money on the users balances, a photo ID and confirmation of address.
Trading is only allowed by users who are authenticated for regulations made by the financial markets so that everything is done in a legal manner.
Trading in financial instruments always involves risk so a degree of caution is highly advised. With that said this is one of the better services we've come across. There is a floating option which a user can choose which lets the traders choose the level of risk they are interested in, i.e invest in stocks which are less likely to fluctuate too much.
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