Filed Under: Internet, Product Reviews, Software
Posted by: Mark Singley
Posted on: April 6, 2011
Stocks Trading Software
The right stocks trading software will improve your trading and put money in your pocket.
Software ranges from very basic to extremely advanced. There are countless options, features and types of software and price ranging form free to $5,000. Most online brokers include some type of trading software in their platform. They include stock quotes and basic charting. This type of platform handles placing trades, monitoring your portfolio, simple account management and basic charting capabilities.
When choosing your own stocks trading software, it is best to first assess exactly what you need as a stock trader.
- Are you going to be doing extensive complex analysis of stocks price and volume patterns (technical analysis)?
- Do you need to search for stock candidates based on earnings, growth, debt etc… (fundamentals)?
- Are you a beginner or advanced trader, a day trader, swing trader, planning for retirement?
- Will you be sitting at the computer all day or checking your portfolio at the end of the day
Broker’s Stocks trading software:
- Chart types – OHLC, Line and Candlesticks
- Standard technical indicators – MACD, RSI, Stochastics, Moving Averages
- Portfolio Manager
- Live Training Webinars / Online Training Videos
- Real Time News
- Most Actives – Top Ten Winners & Top Ten Losers in each market
- Alerts on prices being hit or news on a stock- email- cell phone- on screen
- Mobile Trading