Stock Trading Software Reviews

The worst and best in stock trading software

Stock Trading Software Explained

Posted by DeMerchant

You have heard it many times. Invest in the stock market and you will make money.  History supports this theory; however, it is not as easy as it may sound.  You have also heard of the hundreds of people who have lost money in the stock market.  Obviously, everyone wants to be one of the winners. Well-researched and investigated companies that meet solid financial criteria are the safer investments. The market is a great way to invest for your future; however, as with all things worthwhile, some effort is needed.  You will need to research the companies in which you wish to invest. Most of the information can be obtained on the internet or the websites of the companies. Of course, you will want to make notes on the historical prices of the stock, split dates, earnings reports, and any changes in management. Review the financials from both the current year and perhaps five years past. Read some advisor reports and then analyze all of the information you have gathered.  Be sure you research each stock and company, and remember wise investors always diversify their portfolio. The more diversification in your portfolio the less likely of overall loss.   After you have completed all your research and analysis, you are ready to make your selections of stock in which to invest.  Some effort is needed, as said previously, but this does sound like a bit much.  This was the process investors followed for years, some successfully and some not.  Of course, if some investments turned down and became undesirable.  It was not problem you just selected some more companies and started the process again.

Sounds like a lot of work for an investment that may not be successful. A long process to which takes many hours, a process which could not be cut short without additional risk. This process alone deterred many from investment in the market, and can be held accountable for many losses when investors tired of the process and traded on instinct.  With the invention of computers and the development of personal computers in particular, it was only a natural progression for development of stock trading software. The first programs were very expensive and not too accurate. The first programs used technical analysis (charting) only and while this is a reliable method of trading, it does not take into account all facts and figures of the newer programs.  Current programs can take into account most any indicator any investor would want to monitor.  Few programs are limited to only technical analysis currently.  The newer programs are faster, more efficient and more accurate.

It sounds so easy, software to help you with stock trading at a profit.  Trading software, which you download, run, and from which you profit.  If it were as easy as that, many, many people would be making money in the market and that software would be well known.  It would be difficult to hide software, which was entirely successful and which was easy to use.  For this reason alone, you must recognize that every “system” which will help you trade and promises profit is questionable.  Be sure to research and remain aware that you are not able to buy the pot of gold at the end of a rainbow.  You can only purchase tools, which will help you make decisions that are more informed in a faster manner with less work.  The software will recommend and place an order but only on your initial instructions, which should be based on positive indicators reported by the program.

A dream of many people is to make money in the stock market.  Unfortunately, this dream only comes true for some.  The majority of investors, which make money, are knowledgeable not only regarding trading, but in the companies in which they choose to invest. Most successful investors are also people, which have invested in stocks for the long term because their investment money is just that long-term growth money, not money needed for daily, weekly or even yearly expenses.  Most people are not patient enough to become rich in the market.  A few make money, but many lose their investment partially or in whole.  The adage of buy low and sell high is the key to becoming profitable.  What many investors forget, or never stop to learn, is profits are not likely to come quickly.  More day traders lose, rather than profit.  Day trading or any short term trading is much more risky than prudent investment.  Just as a real estate investor does not expect to sell his property within a short time, stock investors should not invest with the intent to sell profitably in a short time.  Short-term money should be money you can lose without damaging your lifestyle, security, or attitude.

Most stock software is designed for those traders, which expect profits in a relatively short period, day traders, which are looking for quick profits and short-term holding times.  Just as day traders do not pick all winners, you should not expect the software to pick all winners. The software is designed to monitor stocks, usually selected by the user, and reflect a buy or sell indicator for short-term opportunities. Other software was developed to act as a money manager, as well as stock advisor.  Some software gives you the opportunity to create and monitor a personal budget, monitor your entire portfolio or place trades online through the software itself.  Many types of indicators are monitored; these indicators are such things as volume, previous day’s close, current bid volume, and news on the company.  Historical prices, industry speculation and world news are also taken into account. Some programs will monitor for stocks that are making sudden moves in price, predicting higher prices or returns to normal pricing in the future.  Technical analyses can be done through the software in a matter of seconds, analyses that could take weeks or more when done manually by an investor. Multiple stocks can be analyzed simultaneously in a matter of a couple of minutes. Stock trading platforms can perform many tasks or all tasks needed or wanted by an investor.

It is easy to understand why a person would decide to use stock trading software. It is seemingly a decision that needs no thought. Once an investor decides he wants to use stock trading software, the search begins.  There are many programs available.  Some are “free” to account holders at brokerage firms, which have developed the software. This proprietary software will direct you to place an order through that firm.  Firms run the risk that you could always use the information to place orders at other firms however this is not recommended. Other software programs are advertised in trading magazines or mentioned in books on “how to invest”.  The search for good trading software can be extensive and, if caution is not used, expensive.  Testimonials abound on the software advertisements and printed examples of profitable trades made by their happy clients.  Regrettably, unless you personally know someone that has used software for trading and which have been successful, you must sort through all of the positive information and determine for yourself which software is the best for you.

When talking about stock trading software be aware, there are many software programs available on the sites of several brokerage firms, not only on their trading platforms, but also in their educational areas.  These software products can do technical analysis quickly and accurately.  In recent years brokerage firms have competed through their stock trading software; each firm touting the “best” trading platform and research. Hours could be spent researching each of these platforms and research areas.  Client recommendations are a valuable tool to find the one best suited to you. Each program has their own requirements for input ranging from entering only the stock symbol to entering historical data.  If you are an account holders already, become familiar with the educational resources your firm offers and use them to your advantage.

In addition to the software provided by various firms, there are several “stand alone” programs, which can place trades or be totally an advisory program.  These programs vary widely from simple technical analysis to advisors of a trading strategy.  Be aware the cost for trading software of the more sophisticated type can be in the thousands, not a practical investment for small investors. Look for software, which will give you a full refund, if you are not happy. Remember there will not be a guarantee for the percent of profit you make, neither will every trade will be profitable. In fact, if you are day trading, you may find that the majority of trades are not profitable, but the goal would be to have an overall profit with at least one trade producing a large percentage of profit.

Decide what information you wish to obtain from the software you plan to use.  Do you wish to only analyze stocks or do you want the software to advise you on trading strategy.  Some software will be extensive enough to allow you to track your budget and learn just how much money you have to invest. Software is available to monitor your entire portfolio as well as other types of investments.  If you want, software can be sophisticated; the more sophistication you buy the higher price you can expect to pay.

Trading software will give you several options for trading, generally. In addition, will each have their own unique method of monitoring and notifying you of possible profitable trades.  Some will show a green indicator adjacent to the stock symbol, some will highlight the stock, or bold the name of the company.  The method of indication is unimportant, but the indicators that are monitored are of particular interest.  Every trader or analysist has his or her own method of determining which stocks in which to invest.  Research what indicators are monitored and what parameters would prompt a buy signal to the user of the software, do these agree with your philosophy? Be sure there is support available for any software problems or questions you may have.  Try looking at some trading forums and ask if anyone has had experience with the software, you are considering. Research successful traders and their strategy, perhaps you will want to adopt it.  Ask other investors you know and see what successes or disappointments they have had with their software.  You can even ask your broker. Most likely he will recommend the software his firm has developed, but occasionally you may receive information which will be helpful, if not in choosing an outside program, but in learning more about the firm’s software.

Trading with software removes a lot of the work. However, you have to be trusting to ignore totally the information you learn through your own research.  Stock trading software is a tool and you should use it as such, not as an unquestioned resource. Unless you are prepared to spend thousands on your selected software, you should learn the basics of the market and stay aware of current news, which might affect the market.  Know that you and you only are responsible for protecting your investments, by making the final and most responsible decisions of where and how to invest. Reading current business publications and the Wall Street Journal is always a good idea for an investor.  You relieve yourself of the tedious research, but do not stick your head in the sand and rely strictly on a computer program. Make investments, which you believe to be sound and prudent.

One type of stock trading software you may be using now and yet not be aware you are using is through mutual funds.   Many mutual funds use automated stock trading software to employ their investment strategies.  Software programs are designed by mutual fund companies to buy or sell selected stock at certain trading prices; when a stock trades at a certain price (they may even specify a certain number of shares) the program will execute a buy or sell as instructed by the fund.  Orders can be placed for a specific number of shares purchased each hour or only at a specific price.  Many brokers believe this software was responsible for the wild fluctuations in the market during the late 1990s when these programs were first put into play.  Regulators developed rules stopping trading for a period of time to try to give the market time to consider and possible for the mutual funds to adjust their programs, so they will not buy or sell based on an unusual circumstance. However, the Commodity Futures Trading Commission and the U.S. Securities and Exchange Commission have been quoted as stating that automated trading was definitely a contributor to the volatility of the Dow Jones Industrial Average during the 2010 Flash Crash.  This trading day produced the second largest intraday point swing ever. In today’s market there is speculation that as high as 75% of trades are automated through these programs.  In 1960, only 33% were traded through automated programs.  Mutual funds use these programs to spread their impact on the market when ordering large buys or sells.  Pension funds are also known to use the programs.

Individual brokerage firms that participate in market making (trade stock as a dealer) also use automated trading programs.  The programs assist in supporting stock prices and keeping an orderly market, preventing the upside market of their stocks. It also assures traders of orderly executions processing orders in an orderly manner according to SEC specifications. Automated programs advise brokers of stock movements and other market data changes. No participants, in the markets of today, are without some type of automation.  This is true in both European markets as well as the markets of the U.S.

Knowing all of this information, a purchase of a stock trading software program seems to be a necessity, if you wish to keep up with the large investors.  A word of caution, the mutual fund and pension companies have highly sophisticated programs.  All an individual can hope for is to keep up with other individual investors. This does not mean you should forget purchasing a stock trading program; it is only a statement of fact meant to keep you informed.  An informed trader is more likely to be successful and the stock trading software definitely makes staying informed easier and less time consuming.

Making a purchase of stock trading software can be considered an investment in itself.  A software program that does what you expect and what you need to make informed decisions in the market is worth its weight in gold.  It may pay off its cost in a relatively short time when used in a proper and prudent manner.  Computers have made life a lot easier in many industries and in personal endeavors.  Stock trading is one of those.  Researching, selecting and learning a stock trading software program is easier than researching multiple companies, monitoring those stocks and placing orders on those same companies.  Using your research skill to purchase the best stock trading software for you may be the last detailed research you do.

This is a no-holds barred information regarding stock trading, the available stock trading software choices that can be easily found and downloaded on the world wide web, their uses, the benefits you can get from using them, and how it can help you achieve a rewarding career in stock market trading. This will help you identify your needs and somehow aid you in choosing the right software that could fit your requirements.

Now that times are not quite good due to the economic downturn that is being experienced in the United States of America and other countries as well, there are still some “lucky” ones who seem to swim in wealth and success. Of course it makes you wonder why there are people who do well with their lives and some who practically try everything they can possibly think of but still fail and hit rock bottom. Is it all about fate and destiny or being conservative and traditional? The answer may just be if they invest their money through the usual way which is through the bank’s fluctuating interest or keep their hard-earned savings tucked under their beds.

Before you start in this career in stock trading, you have to make sure that your emotions are in check. Why the emotional check? Well, there are times when several companies take a dive in their performance levels without any indications that they are suffering already. Some of these big firms actually close down and leave its investors with deep empty pockets. This is of course frustrating and after investing large amounts of money on their shares of stock; you are left with nothing but capital losses instead of capital gains. However, stock trading is just like life after all, you win some and you loose some. Just make sure you do not spend all your life savings just for this trade alone. There is much to life for you to enjoy.

You will also find that the trading business can actually bring out the monster in you or the angel in you. You see, human traits are challenged whenever a stressful situation comes around so it would be best if you share some thoughts with someone who also is fond of trading stocks. There may come a time when you notice that the lucky stars are aligned to your advantage, you will notice that no matter where you trade — May it be a high priced stock or a low priced one, you make good profit. Well, good for you! As much as possible, do not eat up all the shares and rely on your luck. Trading is not all about luck; it is about intuition when to buy and when to sell. It would help a big deal if you first get yourself some quality stock training software. This will definitely educate you on the curves and straight lines of trading in the stock market.

Now that you definitely consider trading in the markets there are stock market software programs are available in the internet that can ultimately help you together with the other newcomers as well as seasoned traders to maximize whatever resources you have at hand. The forex software is designed to actually allow people to successfully maneuver their way through the forex market.

For starters, the forex or foreign exchange is what you call the place or hunting ground for the different currencies around the world. They are being exchanged with one another in small to large volumes. This kind of foreign exchange market happens to be the world’s largest amounting to over $3 trillion transactions on a daily basis. When you trade in the forex market, you allow your investments to move from one currency to another. If a currency falls due to a bad economic standing, your investment will still be safe and protected since you can easily pick out the stronger currency of your choice. Most often than not, you choose currency pairs like the USD and the Euro. So whatever is more profitable and stronger, you put invest there.

Just imagine how your money can gain so much by just using the right cards. It is true that money never sleeps so you have to worry not that your investments may also sleep a while before it accumulates and earns. Across the globe, where time zones interconnect with one another making the exchange of currencies flow on a 24 hour basis, a series of networks that span across different banks, corporations and individuals who are trading with each other, happen like clock-work.

With all the free stock trading analysis software available online, you may find yourself far from being a seasoned yet traditional trader since you would want to make your life much easier through the use of the new technology around. This is not of detrimental value to your trader image. What you are doing here is just being practical and wise. Well, if you really are very new to this, before you start clicking away and installing different kinds of software in your computer, you have to refresh your mind with some of the important terminologies and market speak that govern the stock market.

This shall be your crash course in achieving your trading diploma so to speak. Some important jargons shall be translated into layman’s terms for easier understanding. These are just some terms for you to familiarize yourself with since there are so many terms relating to the stock market trading business.

If you are so keen in understanding everything by heart, short courses in colleges or universities are being offered. Without technical knowledge on the terms, it would be a little difficult for you to prosper in this trade since you would not know to rejoice or not if you begin trading in a bull or bear market. Once you get a hang of it and back yourself up with some research, you will do just fine.

To start off, when you say you will commence a trade, your transaction is not to be taken as a form of barter or exchange of a commodity with service or another commodity. To trade in the stock market simply means to buy or to sell stocks. Here are some of the important terms and its meanings that you will come across on a regular basis:

• EXCHANGE FLOOR TRADING
Trading on the floor can be described as the actual trading catastrophe that happens at a particular stock exchange in the heart of a city that never sleeps. You would see men and women talking and shouting at the same time while being attached to telephones and craning their necks to watch the wide screened monitor for numerous updates that seem to change faster than Superman changes into his costume. Actually, it is not as chaotic as shown in the movies but the mayhem that happens can be considered a little close to the real thing. This is manual trading at its best though electronic trading is also done in the heart of the Big Apple.

• ELECTRONIC TRADING
There is an automated stock exchange also found in the Big Apple that caters mostly to electronic trading. It is the second largest stock exchange in America and the rival of the stock exchange that was earlier mentioned. Full automation allows easier matching of buyers and sellers without human participation. Stock market brokers are the only human entities allowed to have access on the trading floor but they remain glued to their computer portals as opposed to the chaotic scenario of the first manner of trading.

Advanced stock exchange software is used here to allow multi-transactions from getting all bungled up by these brokers. Full automation can sometimes be prone to technical down times and virus attacks so they are always on guard. The last technical scare was experienced in 2000.

• PRICE TO EARNINGS RATIO
The price to earnings ratio or fondly called the P/E happens to be the most popular of all metrics of stock analysis. In a nutshell, it is all about the willingness of an investor – in this case, you to shell out more money on a particular company using a particular currency with a belief that its long term performance shall exceed their current standing. The formula to get the P/E is stock price divided by the earning per share or the EPS of a certain company you are most likely to trade with.

• EARNINGS PER SHARE
This tells you just how much of the company’s profit really belongs to the share of stock that you want to trade on. The formula to get this is to get the company’s total earnings then divide it with the amount of outstanding shares it has.

• BULL MARKET
This pertains to the condition of a country’s economy at a given time. In a bull market, the economy is doing pretty good which means there is an abundant supply of jobs as well as investor relations are on an uptrend too.

• BEAR MARKET
The bear market is not all fluffy and cute while it eats from a bowl of honey but rather, it is the not so good times of a country’s economy. During hard times, employment is scarce and investor relations are on a decline. It is also the time when once strong and financially sound companies take a drastic turn towards bankruptcy.

• PIGS
As close to the American slang connotation of what this animal is, Pigs are referred to as high-risk investors. They thrive in making big bucks on a short term basis since they bet on risky dealings offering big returns. Wiser investors are just waiting until these guys get slaughtered and served for lunch.

Short-term investments are better left to seasoned investors. You see, these seasoned investors and traders have already armed themselves with proven strategies to survive from getting slaughtered. Just be very careful if you plan on investing with these one time big time trends. You see, stocks are indeed very volatile or unpredictable. You really have to eat, breathe and live in front of your computer monitor to be able to keep track on sudden shifts this market does. Minute price movements can still make a big difference to the entire investment standing and if you are not well-versed with countering the sudden drop of value, you are headed to bankrupt-ville.

One more thing, try to stay away from this method of investment if you are still beginning your career in stock trading. It will definitely increase the fees you need to shell out and at the same time brings your profit margins down. If you still would want to continue playing your cards on a short-term, you may have a much faster ROI or return of investment but if you dissect the value and volume of your profits, well, they will appear to be significantly low.

Now that you are a little familiar with some of the activities regarding the exchange of foreign currencies and buying stock, it is time to roll up your sleeves and start treading the path to financial success. There are several kinds of stock software programs you can choose from to guide you when the right time is up to invest on a particular currency or corporate stock. Automation and the high demand on technology have brought about a vast array of computerized applications that can be of great help for you.

If you are planning of playing up your investments through currencies, you are not just stuck with the USD to begin with. There are other currencies such as the Euro, the Japanese Yen, the British Pound, the Australian and Canadian Dollar and even the Hong Kong Dollar that you can invest on. Proper research is needed to guide you so you can choose what currencies are doing great in the market.

To get you really started, several automated stock trading software programs can be found in the internet that can assist and show you the best stock software available. If you are still getting lost in the whole new jungle of the foreign exchange and stock trading market, you have to understand some valuable insights shared by experienced traders and investors. The investment software is always available at no added cost. All you have to do is search for stock market investing software in the internet. It is helpful for you since the software can actually free up some of your research and analysis time when you begin trading.

In order to achieve profit, you have to allocate several hours just to monitor the rise and fall of a particular currency and company performance. That could be really boring but stock trading in all its glimmering glory is indeed enjoying!

When you choose the right best stock trading software, you can leave all the dirty work to it and sooner than you think, you shall be receiving all the necessary information you need. Not only does the software acts as your on-call assistant, it also allows your transactions to start and end a lot faster and more accurate compared with manual trading. The foreign exchange trading market has quite a handful of stocks that change values in quite an unpredictable pattern. You have to be very keen on these sudden movements and the speed of your decision to whether trade or not is key in making a profit.

What does the financial stock software do? It does analysis, comparison and charting to sum it up in three short procedures. Surely, stock market enthusiasts like you would really want the low down on what this free stock trading software can actually offer. This stock software can show a general overview on the market – that is one. It will show you when the best time to trade or sell is.

You see, in this kind of currency market, timing is the most important ingredient to get ahead. You have to look for free stock software that can do the following:

• Maximize your gains, minimize your losses.
• Re-balance your portfolio.
• Alert you of the stock market movement.
• Provide data analysis from different brokerages and financial institutions.
• Arrange your investment strategies and goals

Keep in mind that this stock market trading software is free software. So it would be best if you download it from secure sites in order to not risk your software from getting hacked or infested by a worm or virus. Amidst the growing sophistication of these programs, do not pretend to be so comfortable in a program that you have no idea how to operate. Just choose what is right for you. If you are a newbie in the field, settle for the user-friendly ones rather than the advanced programs. Most especially, if the charting software you have come across gives you migraines, better opt for simple ones first. You just can not learn everything overnight.

Economically speaking, on the basis of free commodities over paid ones, people would like to maximize their funds at all times so they would opt for what is available at no extra cost and at the same time, functional. The professional stock trading software actually comes for free but you can always look for the more secure ones that come with a monthly, bi-monthly or yearly fee.

There is a song that gives you a nickel for a kiss and a dime if you profess your undying love right? There’s this software that will guide you to follow trading’s golden rule of buying low and selling high.

Apart from this, ever thought what on earth are these penny stocks? Well, these are common stocks that usually cost less than a couple of cents a share. Well, this actually costs a few coins but with the penny stock software, all you have to think of are not just pennies but thick bundles of paper bills that come in big denominations!

Supposing you are a whiz in stock market trading and have been investing across currencies for a good number of years through the traditional way yet is finding yourself a little burnt out with all the analysis, computation and research needed to stay away from non-profitable stocks. You check the internet and find good and free software but it would not run on your installed operating system (OS). Do not rush to the computer store to buy another computer. You could always find programs that are suitable to your OS.

Linux stock software is available for free in the internet. As you have already known or may be familiar with, Linux is a free and open-sourced type of software which unlike Microsoft Windows that involves several numbers of bills to acquire its licensed state. Although Linux can run on Windows, there is a list of stock trading software that is Linux OS dependent.

The linux stock trading software comes in several brands you can choose from but mostly, they offer quite similar features such as the following:

• Transactions are stored in account-specific files
• Analysis of total portfolio – returns vs. buys vs. sells and later compared across all transactions you have made.
• Maintenance of accounts across different currencies.
• Comparison report on shares per price per transaction across all other important averages.
• Comparison across all accounts in your portfolio with basis on gains or losses.
• Updates on real-time currency quotes from the World Wide Web.

Aside from the above mentioned features, programs in Linux OS also have online stock trading software which can be viewed via Yahoo! and includes technical analysis and moving averages. What is nice about this software is that you can add, delete or store stock evaluation. Since online storage is being utilized in this particular kind of program, you may think twice with the security against fraud and tampering. Fret not since it is supported by secured Firewalls and is password protected to allow the confidentiality of your documents and transactions while trading in the stock market.

Always practice stock trading software as often as you can before you dive in the real trading business so you can be well-versed with the menu and features that the program provides. Using a software for stock trading is indeed very useful for you most especially if you juggle different jobs at the same time. You see, you can not fully devote yourself to stock trading. You have a family to feed so clocking in long hours just for trading is not that beneficial for your personal life.

Stock investing software which is available in the internet utilizes evaluations made by accumulated data and the performance of a given trading transaction. With regards to the analysis of data, factors such as closing prices at the end of the trade, stock highs and stock lows as well as the volume of trade is gathered and ranked from good risk to bad risk. Aside from the gathering of data, there is an SQL database — SQL or Structured Query Language, is a programming language designed for queries, modified and managed data within a database.

After data is gathered, it is evaluated and analyzed. The basis of information stems from all the previous stored raw data that you have to key in or supply. Usually, it includes performance reports across different currencies around the globe together with Forex rates, mutual funds and options that concern the United States of America. The value at risk is also one of the important analysis reports found in this kind of investing software.

Aside from the features of investing software that was earlier mentioned, there is a whole line up of software programs that can be of help to you as you start your online trading career. You may not need all of them but it would be better if you go through them and search for the best solution that will definitely fit your needs.

Here are some of the types of stock-related software that is available in the internet. Mostly are for free and comes with a demo or trial version:

• STOCK ACCOUNTING
The stock accounting software allows the proper gathering of the trade history you have accumulated. By accessing different online stock market brokers, you can match or compare your trades to be able to accurately calculate your gains or your losses on a particular transaction. What’s good with this program is that it has a direct link to the IRS and even your accountant for them to determine if you have indeed made some capital gains. Capital Gains, for your information, are your investment income from stocks, real estate property or even bonds that you have sold beyond its purchase price. Supposing you did not fare well, you have accumulated Capital Losses. This kind of software will do the dirty work while you spend some time with your family or play golf.

• STOCK ADMINISTRATION
If you are working for a company as a Chief Financial Officer (CFO) or perhaps one of his assistants and have a lot of papers and reports pertaining to stocks options, you can search for stock administration software. This will be a big help in the management of several stocks plans. The program also takes care of the conversion of employee stock in foreign currencies. It is perfect for reports that concerns auditing, disclosure of financial standing and even government compliance.

• STOCK DAY TRADING
Trading starts at 8 in the morning and ends at 4 in the afternoon Eastern Time. If you would like to know what is happening in the stock market before you begin your trading then it is best to secure stock day trading software. It is indeed a hassle to stare all the time in front of your computer’s monitor. You still have a life to live right? This program allows you to put in just a short number of hours every morning or late at night to check if the odds are good or not. If you choose this software, you can easily search your targeted trade as well as receive information while managing your accounts at the same time.

• STOCK MANAGEMENT
Since you are managing so many things at the same time, you definitely need some stock manager software. This software that is downloadable through the internet is often available at no cost at all. This can really help you with all your paper work concerning the foreign exchange market. You see, if you manually create charts and update your portfolio, there is a higher chance of human error and you do not want this to happen. Errors related to stocks and bonds calculation would easily equate to capital losses. By searching for the right stock management software in the internet, you will be having a so-called 24 hour virtual assistant to automatically draw historical charts for you. You could also easily view market indicators while your stock quotes are being updated on a real-time basis. Sounds good right?

• STOCK QUOTES
Stock quotes are very important for enthusiasts like you. It is all about the bid price as well as the asked price of a particular stock you are trading on. They are shown in percentage points. You have to familiarize yourself with it and understand the different symbols ranging from two to five characters depending on your choice of stock exchange. Here you will be dwelling on the last sale price, the net change, the percent change and the share volume.

This is indeed time-consuming and confusing at times so it would be better if you search for a program that uses stock quotes software. This way you can easily keep track of what is happening in the stock market at no added cost. It is helpful to be constantly updated with any sudden changes in your portfolio so you would not wake up one day and see all your investments have negative marks.

• STOCK CHARTING
Having to manage several accounts at the same time can be such a nuisance and not to mention confusing. It not only takes up your time and energy, it also prevents you from getting the best timing to make a trade. You have to look for a program that would enhance your work load and allow you to just decide if you would be making a buy or a sell. The stock charting software does all the historical analysis across all your accounts and minimizes the down time of tracking all information one by one then evaluating each one of them before looking for options as to where you should invest them at. Charting can give you a heads up as to what stock is looking bright and what stocks should be placed in the archives.

• STOCK MARKET TIMING
It is a good decision to have an application that can provide you with technical indicators. This program is capable to give you updates regarding your stocks on a real-time basis. By installing the stock market timing software in your computer, trading will soon be as easy as one, two, and three. Here you are provided with alerts or signals when your share drops in its value or climbs higher in value. You won’t juggle numerous accounts anymore since this software automatically does the organizing for you.

• STOCK ANALYSIS
It is indeed a helpful feature if a program can actually simulate trading transactions before you take plunge in the stock market head first. The stock analysis software mainly stores and replays all known historical data from various sectors you are interested at. There are also reports that let you know when the shares of stock have started plunging down. This actually saves you from being glued to the television’s update and waiting for stock exchange reports.

• STOCK CONTROL
If you find yourself stuck in a moment of bad trends in selling or buying shares of stock, do not worry much less do not panic. There is a specific program that can help determine when the market is starting to pick up from such a drastic fall it went through. During bear markets or when the economy is severely hurt, it is difficult to find profitable ventures right away but by getting yourself stock control software that is available for free in the internet, you can see some light at the end of the tunnel. You will be given alerts for the right time to buy or sell your shares of stock. It could also advice you to start hunting since a remarkable change is already happening in real time.

• STOCK EVALUATION
Determining the level of profitability of the share of stock that you are eyeing on buying can sometimes be time-consuming. There are days when you see their shares appreciating then it drops so fast you cannot have time to call your stock market broker to begin the trade. There is an application that will take care of evaluating and analyzing all the gathered data for you on demand. Search for stock evaluation software in the internet and you will be amazed just how easy it is to track your growth. All you have to do is input your targeted company’s financial statement. A series of analysis shall be done and all you have to do is hang around for a while for the generation of the final results to find out if the company is stable enough for you to consider placing long-term investments on their shares of stock.

• STOCK OPTION AND STOCK TRADING
Are you looking for stock option software? There are plenty of free programs that can be downloaded from the internet. All you have to do is search for the one that you feel comfortable with. Since nearly all stock trading system software works on a similar platform, you can easily choose the best that fits your requirements. Since these programs are free of charge, once you make it well in the trading market, you can opt to acquire the one that requires a fee. This can be very much secured and gives you the ownership of the trade secrets that you whole-heartedly follow.

A stock option is a contract that provides certain rights to buy or sell at a given price and time. When you start trading these options, you are basically extending your rights to be bought or sold but not the share of stock. This transaction can be quite confusing especially for those who are new to trading. If you are a seasoned trader, go ahead and use the stock option trading software to speed up your transactions. This program can help you determine instantly if the stock you are willing to trade on is under-priced or over-priced.

• STOCK FILTER
These filters often run several market indicators by real time. Certain scores are assigned per stock that you have within your portfolio. Through this, you will determine if your accounts are gaining money or losing big time. The stock picking software enables you to get only the stocks that could sell well once you started buying them. At any cost, you have to still practice sound decisions whether to buy and hold or keep the wheel rolling together with your investments.

• STOCK PRICE AND STOCK WATCHING
It is quite difficult to always keep an eye on your investments such as bonds, stocks and real estate. You have to live your life too you know. That is why, if you are doing so many detailed things all at the same time and find yourself wishing that a day would not be constricted to only 24 hours, then it is timing for you to consider getting stock price software.

This kind of program can help you keep track of your stocks online at their real-time prices. Usually, this program is so user-friendly that you would not even notice it working on the background once you have minimized it on your computer screen. All you need to do is key-in a handful of your favorite stock symbols and the referencing web site that would be needed to retrieve the stocks quotes and it shall be reported back to you in a very professional manner. Once you have viewed if there are good alerts, you start trading. But if there are no remarkable changes, you can go back to what you are previously working on. This program can also double-up as stock watching software due to the real-time updates you can get.

• STOCK SCANNING, SCREENING AND SELECTION
In the trading business that you would like to join at, control is of course the most important power you need to have. Control over your stocks, control over your transactions and most especially control over your personal life. There are some traders who allow their business to take over their lives but this is not right at all. There is a program that is designed to take your worries away and just spend some few hours updating yourself if you have indeed made a profitable investment.

By subscribing to the stock scanning software, you will be able to search the entire stock market with user-friendly applications. Aside from that, you can automatically screen, scan and filter your stock options all at the same time without any restrictions that come with a demo or trial version. With this kind of multi-tasking programs, you need not search for a stand-alone stock screening software and stock selection software since it is already embedded in the software. All you have to do is search in the internet for the best possible choice for this kind of program since some companies have designed good software dedicated for short-term traders.

• STOCK SEARCH AND RESEARCH
If you need a program that shows you historical data as well as rating systems that could check the ranking of stock tickers, you need to search for stock search software that will use its AI or artificial intelligence to analyze and evaluate all the closing prices and stock volume that occurred for the past couple of years. This is a good way for you to check the growth curves of the stock market if you are considering trading.

Aside from historical data, generating idea for new strategies to conquer the stock market is also found in this program. Why look for additional programs like stock research software when you can get all the reports you want in a single application. This way it would be faster for you to keep track on what is happening with your portfolio.

Getting rich in the foreign exchange business is quite appealing to everyone especially during recession. It does not always have to be belt-tightening during these times. You have the go signal to play your cards and look for low-priced stocks that will eventually reap hefty results. Do keep in mind that you do not need all the stock tracking software that was discussed since you only a couple of applications or programs to fully manage your portfolio.

You see, before you really start downloading programs, you have to make stock trading software comparisons to be sure that you made the right choice. Some programs have some features that you do not really need while some have just some of them. It is important to find stock timing software since this will alert you of the right time to make a trade. Otherwise, if you do not heed to all those alerts from the programs that you have chosen, you will eventually loose a large sum of money. This you do not want to happen right?

If you do not have the time to really set aside a couple of hours to learn the applications and understand their uses, you can always log on to stock trading software reviews. These reviews actually give a detailed explanation on the different benefits of different software. By this, you can start choosing the best one for you.

Now that you are well informed about the different software in the market as well as its benefits to your career in trading, it is still up to you to decide if you really need all these technology to help you achieve your financial success. You have to consider that these programs may not really bring you wealth if you do not really understand how to operate them. You have to find out if technical assistance will be available whenever you have queries or if the program you chose does not actually perform the way you thought it should.

You must lengthen your patience in this career or perhaps in any career that you will come across. Success does not happen in one blink not does it come with a genie in the bottle to grant your every wish. If you are 100% sure that you want a career in stock trading, you have to come prepared. Since there are thousands of sharks out there who are more than willing to take a crunchy bite at you.

It is very important to keep your calm at all times and give in volumes of patience for you to achieve what you desire. Risking your money and your savings to non-yielding investments may really spell trouble but if you plan it out well with the help of the software that is made available for you, you will learn a thing or two that it really needs more than just luck to prosper in the trading business.

Trust your instincts, do you research, understand all the signals that are used in stock market trading and you shall be on your way. Remember that trading is just like a lottery game. It is all about the odds of winning. All you need is a simple and uncomplicated system that you can understand instead of a super complicated one.

Lastly, it does not hurt to dream big and reach for the skies. You just have to brace yourself if you find yourself falling down due to miscalculated moves and greed.

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  1. avi Said,

    As it well known for now – most of autopilot software for trading is not really beneficial – it just gives you some range of trading optiobs, but does not working without deep knowledge of the matter.

  2. Stan Said,

    All software trading programs have been officially challenged by tickplus….do you have what it takes?

  3. Geoffery Ross Said,

    I have been searching for a program that will match up patterns such as the cup with handle, head and shoulder.. ect… I would like to find a program that will match up these patterns as they develop and give me an indicator of what stocks of forming these patterns and I am also looking for complimenting programs that I can use to further evaluate any stock that may so signs of forming the indicated patters please advise to any programs that may give me this visual comparison

  4. libel Said,

    I also do trading with a reputed bank and they have provided a software where i can see changes regularly without delay.

  5. Vijay Said,

    I have came across VantageTrade a very profit making & helpful automated stock analysis website which is giving me good returns !

    Guys now I am feeling very releived & easy trading without any tension !

    These “VantageTrade” people will certainly go high in near future in stock picks & all.

  6. Steve Said,

    I recently cam across the Dhynosoft program. Does anyone have an opinion of it?

  7. Ultimate Trader Said,

    Thank you for this comprehensive article. I will sign up to your RSS feed to hear of new stock trading software reviews.

    I am interested for your review of First Class Trader: First Class Trader – Stock Analysis and Investment Research Software

  8. Kyle Said,

    Helllo, I’m 22 and I’m new to the market but I’m trying to trade in real-time holding stocks for lless than seconds to accumlate a profit immediatly but i need software that shows me the market and its ups and downs p – e and stuff like that inreal time. I use stuff on the web but its all on a delay s so i don’t wanna do that. any suggestions? a free software will be great as well?

  9. Richard Said,

    How can I use this Trading Software? We trade with LED industy

  10. chiradeep adhikari Said,

    Hell I’m new to thye market but after going through all of your reviews I found Zullstock a one stop shop for all.I donot need to hang around in differnt through different softwares for specific purposes but evrything I found in terms of functionalities.Its a single window system for all kind of features related to trading.I requestt u all to have look into their site.

  11. Bil Said,

    Hi guys, after making huge search over the internet, I have come across Zulustock a very helpful automated stock picking and trading software. It’s Advanced real time Charting, Technical Analysis really allowing me to maximize my gains and minimize losses. It turned a complete novice like me into an expert for making perfect trades every time.

  12. Ryan Said,

    The best I’ve seen so far is eSignal with Interactive Broker’s Plugin running “The Ultimate Trading Tool” by the fella that runs the website “TheStockMarketSecret.com”. It is an amazing combination of education and live trade mentoring with the lowest commissions on the planet. The Ultimate Trading Tool takes the emotion out of the game, let’s your winners run while strictly protecting any downside. It trades automatically for you! It’s really the best I’ve seen so far…

  13. Charles Said,

    I visited the site of zulustock. The dashboard looks quite impressive and compact. It seems to me that they are the new entrant in this particular segment. Great to feel that the creator of this software is the same one who created STAAD, the legendary software in structural engineering field. I hope ZuluStock is going to be another outstanding product by the creator on which traders like us can confidently bet on…

  14. oliver Said,

    I’m very suspect of the avice posted, etc. Not enough ownership or trnaperancy shown for me to trust your objectivity

  15. nkululeko Said,

    i will like to buy and sell pproduct

  16.  learn stock market trading Said,

    Software from E*Trade, Wizetrade and other companies provides a torrent of real-time information to help traders make informed decision.

  17. Rene Said,

    Stock trading software can be very helpful when it comes to learning to trade objectively. It takes some of the emotion out of trading. Also software is capable of analyzing a lot more data than you could manually. Any trading software that has a proven edge can be a great way to start your trading career.

  18. jim Said,

    Softwares for trading are really very helpful.They save lot of time

  19. Andy Said,

    For the last 2 years I’ve been using a really useful stock screener called StockVision. It helps you be in the right stocks because it has features for all types of market conditions There’s no monthly fee and it includes real-time charts, real-time price alerts and alerts for stocks making big moves (great for day traders too). It also has a built-in chat room so you can learn extremely valuable tactics from experienced traders. I highly recommend it, and you can download it for free and try it for yourself.

  20. Dale Said,

    The trick in all Trading software is to know that they are Tools. But without the skills behind them – you will never create a masterpiece. The training I received from Dave Vallieres in the trading with the Titans program was what really made the difference. I use the Think or Swim platform but his course on the Stock trading Program can be used anywhere. He has sold hundreds of his videos and the Stock Trading program – Trading with the Titans seems to be the easiest one yet.

  21. Jared Mann Said,

    Look for trading software that is backed up by real numbers and developed by real traders with trading experience, also ongoing full support is a must. Every software should have a free 30 day trial too.

  22. Renu Said,

    hello all.till now was trading using a PT style..but now wish to trade with the real money and am confused where do i open my account (demat) and start trading….can anybody help in this an let me know from where can i start trading

  23. Jerry Said,

    This website needs to change font colors. I could barely read what is here.

  24. istiak mahmnud Said,

    nice and long!!!! maybe you could make it a little sorter and some part. but it was good and informative.

  25. TradingLounge Said,

    I got a full information of the trading strategies. Its good everybody is now aware and atleast find ways to improve techniques in trading.

  26. Ryan Said,

    Great advice! I think the break down of each type of software can give you a birds eye view of how to analyze the software and make an informed decision on what to get…

  27. Ramneek Said,

    Hi,
    I am a new trader. I would like to know which trading software should i use ,that has most of the analytical systems like bollinger band etc.Also i would like to know if they give heads up as to which stocks to buy ?

  28. Jimmy Guilk Said,

    Great article on stock trading software. A good trading software will reduce your time to select stocks and catch stocks that are about to make move. However, you should always use it as a signal instead of rely on automatic trading systems.

  29. HunitGrandStock Said,

    I would like to find a competitive trading software that reduce my time to pick stocks that are about to make a move. Further, it should be easy to transact (e.g. buy/sell) at a sudden moment and not require inputs and verification like TDAmeritrade and others alike. I want to be able to just click from a list of prices then that concludes my current final price before transaction takes place. I am looking for a software that has all or most technical analysis tools like Ichimoku, Bollinger Bands, MACD, RSI, Chaikin Money Flow, Commodity Channel Index, Aroon, ADX, Vortex, and etc. Also, it should support candlestick and Heiken-Ashi.

  30. Keith Said,

    Just open an account with any discount broker and they will provide you with free software in real time to do everything all you people are asking about. They also will provide free training. If you already have experience trading and want some heavy duty analysis software, then try Metastock Pro. Other programs already mentioned are also good. I just happen to use and like Metastock. They also have a 30 day free trial. This font is terrible. I can’t even see what I am typing. I hope it is readable.

  31. dennis sims Said,

    A lot of trading software these days is getting automated where you do not have to trade yourself. Tradestation and Activetick are good examples. However for some odd reason brokerages do not want to invest the time in creating this type of software, why?

  32. Oaj Said,

    HI,
    Well, dont let softwares take ur mind space up. Yes, agreed, they help you in your analysis and can be a speedieier way fwd, but they do not make up to the money management skills, discipline and analysis skills. Unless one has these three, one cannot make money in markets. No amount of softwares are going to help. Hone them first and then think abt softwares.

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