Stock Trading Software Reviews

The worst and best in stock trading software

Archive for the ‘The Bad’ Category

Aug
08

Technical Screens Review

Posted by DeMerchant

Technical Screens programs look at price or volume patterns of stocks. These are normally the patterns most traders and analysts look for to decide whether stock will already be bought because the pattern suggest that it will start gaining soon or the stock needs to be sold already because the pattern shows that for the succeeding periods, the stock price is about to fall already. Patterns are based from historical data of each stock. Normally, Technical Screens assess the trend 5 years back to see if a pattern could be established that can be used to make a decision to trade. Such criteria include: Moving Averages, Oscillators, Volume Indicators, Trendlines, Support/Resistance, Fibonacci Retracements, Candlesticks, Point and Figure patterns and DeMark’s Trendlines.

Components of Technical Screens include: New 52-Week Highs, New 5-Year Highs, New 52-Week Lows, New 5-Year Lows, Intraday High-Volume Gainers, One-Week High-Volume Gainers, One-Month High-Volume Gainers, Intraday High-Volume Losers, One-Week High-Volume Losers, One-Month High-Volume Losers, Gapping Up Today, Gapping Down Today, Crossed Above 50-Day MA Today, Crossed Above 200-Day MA Today, Closed Above 50-Day MA Today, Closed Above 200-Day MA Today, Crossed Below 50-Day MA Today, Crossed Below 200-Day MA Today, Closed Below 50-Day MA Today, Closed Below 200-Day MA Today, This Year’s Winners, This Year’s Losers. This is where data is pulled in order to provide the result of the criteria for the analysis of the transaction.

It can be noted that this type of analysis are mostly based on actual figure performance of the stock on a given day. Beyond the figures and patterns, no other factors are considered to be able to get the desired output. It offers no explanation as to why the stock suddenly went down, why it gained or why it just became static. From the Technical Screens reviews, these data are still helpful for the outcome of any trading decisions, however, since it does not factor in other conditions and rely mostly on trends and figures that may be already outdated, most traders do not rely much on this system. Traders do use this approach but normally only as a form of monitoring and they still use other systems to help them get a better decision for their trades.

This is actually an old approach. Although not highly recommended since it does not give a comprehensive look at the overall performance of the stocks, there are still some people who use this. It can also still come up with different interpretations based on the historical figures and patterns that may be useful for the proper execution of the trade. While it may be true that only a certain amount of information can be supplied by this system, stocks are still very volatile, very unpredictable. No matter how thorough a system is in evaluating a certain situation when trading, the fact remains that actual result can still be the opposite of what was analyzed. In any case, tools like this approach are just guides to make better judgments but they do not necessarily affect the actual outcome of any stock trading activity.

Aug
04

Technical Analyst Review

Posted by DeMerchant

Stock trading is not just simply buying and selling. It is not when you just feel like doing the transaction but you just do it. It is not like impulse buying or selling. Stock trading is an investment that when taken for granted, the result is losing everything. There is a high risk involved that is why it entails a lot of analysis before ending up in a decision. You will not buy or sell because your impulse told you so, but rather it is what your study tells you to do. This is where Technical Analyst comes in. Although there are times that instinct does work, it is more of a hypothetical case. The possibility that it may ruin your investment is more at stake. Thus, you may rather play it safe than be sorry at all.

Technical Analyst software provides forecast of financial market through automated charts, analysis and reports to help investors in their decision-making. But just like technical screens, Technical Analyst also focuses on the technical area of the investment such as how high or how low the stocks went through the day, monitoring of the patterns of opening and closing price of the stock in a day for a 5-year period and the historical trend of stock, its volume of trading for a particular day that is also being monitored for the last five years. It is more of the mathematical side of the analysis and it focuses on the performance of the particular stock itself.

Some common applications include the charting feature that allows for a graphical representation of the analysis on the technical aspect of stock trading such as the change of a stock price in a day. Optimization features, on the other hand, with the historical price as its basis will try to generate the maximum return of an investment transaction. There is also the back testing feature that focuses on developing a trading strategy that would yield a positive return. There is also the alerts feature that is proven to be one of the traders’ favorites as it is used to monitor a specific stock and would be able to provide notification depending on the criteria set for the alert. Alerts save time and effort. With alerts, traders can check other strategies to be able to maximize the stock trading activity.

Although the software mostly requires the complete features of the application to be activated and does not allow combinations, it will not be possible if you would want only the charting and alerts feature. The complete features are needed to be installed. The good thing about this application is that it can be accessible even through mobile phones or personal digital assistants. As a result, Technical Analyst reviews are also favorable among traders as it can come handy when needed. They can be mobile if they need to; they can go anywhere they like and still they are able to monitor the performance of a stock that they have been studying for a week.

Jul
28

Stock Signal Pro Review

Posted by DeMerchant

As an investor, there are times when confusion and doubt just crawls in your system that you would not just know if it is already the right time to sell the stock or it would already be a good time to buy for it. Would it not make trading life easier if there could be some sort of notification that a certain security can already be bought or sold? Would it be more helpful if aside from the alert, it would also provide additional information about the outcome of the transaction just made? No fret, as a new software has been developed to address this kind of dilemma among investors. Stock Signal Pro trading software is already available in the market.

Stock Signal Pro has been developed as a trading tool for investors to be able to inform them that a particular stock can already be bought or sold. It also allows traders to filter through the available financial information and find the most probable beneficial trades in the simplest form. How this software does work then? Stock symbol would just needs to be entered into the system, the program will then run and instantly it will return the buy and sell signals. You do not even have to wait for the output as the system does the calculations with no efforts at all. It has been programmed to continually observe the activity of the preferred stock’s price and it would just return the best entry point to trade the market. This leaves the trader the option whether to accept the recommendation of the application or would just take the risk and take up his own strategy.

Aside from the signals this software is able to provide, additional services such as free technical support is being provided by the developer particularly if you have difficulty setting up the system or you are struggling to get the application working. Future improvements on the product could also be received with no additional cost and the other good thing is that when you cannot deal with the hard or soft copy manual of the getting around with the application, consultation with developer itself for the whole 30 minutes can also be availed free of charge. Who would not want that free extra benefit?

Certainly, Stock Signal Pro review would be very advantageous among traders. It is very beneficial specifically at times when dilemma in trading is in its highest form. Confidence to do any transactions just loosens and you just find yourself lost in the world of stock trading. Suddenly, you just find yourself being unaware of what is happening and you cannot do anything. Software like this one could be that knight in shining armour you have been waiting for to save you out of the distress you are in. It could be that superhero who comes in to make that rescue before you even get hurt by those bullies. Now, would you recognize that knight and shining armour or that superhero of yours? That is the decision left for you alone to make.

Jul
24

Stock and Market Odds Pro Review

Posted by DeMerchant

In trading, you just do not want to make the wrong decisions. Since the money you put into it is important, you do not want to lose as much as possible. Even though losing is a part of this whole investment thing, it does not come across in your mind that eventually you would experience one. So what do you do to avoid one? You plan carefully and craft a strategy to be able to manage the risk you are in. You just do not want to fail or it may just lose that hard earned savings of yours.

Stock and Market Odds Pro software is just about checking the unusual behaviour of stocks and providing an analysis to where could the market be just going. Normally, a certain security follows some sort of a trend or pattern overtime. That is why most investors try to check this pattern in order to know if that stock is about to drop in price or would just keep on increasing. This is usually the signal they use to be able to know it is already time to trade the stock. However, what if suddenly that stock was not able to follow the pattern? When you thought that it would still go up, suddenly it just dropped in price? Do you just make the outright decision of selling the security and end up losing your investment? And you would convince yourself that you would just lose more if you did not end up selling the investment?

Those are the questions that are more likely be answered by Stock and Market Odds Pro. It would indeed be a hard situation when everything is going on the right way when it suddenly it made a detour? The normal reaction is to act impulsively that even when the best strategy would become the worst just because you were caught offhand. Then this software could be just what you need. It would give you recommendations of what you need to be able to get in the right track after that detour. It will help you re-strategize your investment plan so as to manage the risk.

No matter how you prepare yourself that losing is part of the investment game, of course, this is something you do not want to encounter. You may accept this fact but you would not forgive making that spontaneous decision just because of a deviation of pattern on the stock you were holding on when it is supposedly be gaining but suddenly went down. As Stock Market Odds Pro review, this application would be very useful in these tough times of changing stock behaviour. It would be hard to rely solely on instinct. And at the same time, it would very hard to rely solely on abrupt decisions as they normally end up as the worst decision ever made. Being friend with this software would just keep you out from drowning. The application would just serve as your guide. In the end, it would still be you who would make the decision.

Jul
22

Shri 8.0 RT Review

Posted by DeMerchant

Shri 8.0 RT is one of the stock trading software readily available in the market today. It helps investors in their goal of buying safe stocks that are currently undervalued but are continuously rising, and eventually, will be very profitable. Here is a Shri 8.0 RT review to help you realize why you need this trade tool to maximize your stock revenues.

This software can immediately provide you with important data. Every trader needs to be updated with accurate prices of the latest stocks, futures, and the wide variety of currencies that are applicable for trading or buying. Although most users of this software complain because of its slightly delayed forecast or congested network, this might also come in handy. It is compatible with both the casual and serious trader as it features a very simple yet intuitive user interface. Another inclusion in this tool is its charting programs that you can use to closely monitor and watch your markets. It has the ability to display both current and the historical market information, which can help you formulate another market strategy based on the ongoing or past trends. Its charts include the volume and prices represented in a graphical view. The basic package of this tool does not offer the same technical analysis indicators but you can always upgrade anytime you wish if you would like to create more indicators.

Shri 8.0 RT also has a lot of diversified features alongside the aforementioned ones that makes it very powerful and competitive in the market. To start with, it has an automated tester that allows traders to easily manage portfolios while eliminating the basic keystrokes that you can normally encounter with back testing software. It has an intuitive design with its entire buttons seeming very useful and important. It can save you enough time as this automated tester built in the Shri 8.0 RT can cater to all sorts of trades – long and short, and at the same time, letting you keep track of your overall performance in the market. There is also the feature of allowing each trader to carefully pick stocks with the highest possible profit at the most minimal cost. This tool makes it easy to accomplish as all it takes is a simple search and filter, and then presents you with great and accurate results. And with a simple click of a button, you will see the trend, time, and strengths of several markets, which you can use as a strategy guide for your future investments. You can also set up alerts that can inform you about the direction of each market you have chosen. This is best for viewing and keeping track of the movements of the NASDAQ composite. It also allows support for several and multiple real time providers of data that can help each trader bundle this software with their preferred data provider. It is also possible for you to merge different providers together for comparison. Besides multiple providers, this software also supports viewing of several brokers.

With all its features and capabilities, this software can immensely help you take your stock trading abilities to the next level.

Jul
18

Scottrade Elite Review

Posted by DeMerchant

There are various stock trading software out in the market today that might make everyone confused on which to purchase. Then you don’t have to worry anymore as this is a comprehensive Scottrade Elite review written to help you take that next big step in your stock trading career.

Scottrade Elite is one effective stock trading software that is among the best around today. This very helpful tool allows investors and stock marketers to scan the market and analyze trends. It offers real time and historical charting of accurate technical analysis needed to succeed in the stock market industry. Among its technical indicators include Fibonacci, Simple Moving Averages, Linear Regression, Volatility, and a hundred more that can aid you in your market analysis. That means there are no study that you cannot perform when using this software. And when it comes to dealing with stock opportunities, this nifty tool can help you select a stock that will be profitable. Trade Ideas is the built-in tool that assists users to accomplish this task as it is a real time screening tool that can filter the live market based on the criteria you have identified. This means you get access to every trade made on NYSE, NASDAQ, AMEX, and even the CME (Chicago Mercantile Exchange). Should you want the ability to create advanced charts, it is also possible and can be easily done. You simple need to type your symbol of interest and the software will render a real time streaming chart. Recently, Scottrade also added the feature that allows you to view three-minute charts. Other features in this software are:

ü  Effective group communication thru blogs, forums, and newspapers where investors can interact with each other and gain relevant information regarding stocks.

ü  A virtual account that allows you to simulate the stock market where you can test your strategies before making an actual trade. This proves to be an excellent training ground for investors.

ü  Elegant yet visually appealing user interface packed with intuitive and useful tools.

You can do all that and more within a single trading platform like Scottrade Elite. It is one of the highest ranking stock analysis software because of its extensive features like advanced charting, technical indicators, streaming quotes, and stock screeners. Also, you can receive news updates from Comtex and Dow Jones – all in this feature-packed software!

The only downside is that it is not broker-independent as it requires investors to open an account prior to receiving the free software. Scottrade Elite is a product exclusive to the investors who are subscribed to a trade account in the Scottrade Brokerage Firm. It is required that you own an account of $25,000 or more before getting this nifty tool. Although some deem it as a downside, it is worth every penny as the Scottrade firm is known to have an excellent customer service and assistance and have offices all around the country. Priced for a very low amount, Scottrade Elite is an excellent software choice for new and straight traders alike.

Jul
16

RT Trader Pro Review

Posted by DeMerchant

Nowadays, stock trading is considered to be among the most lucrative yet greatly rewarding business ventures. With that in mind, there are many traders – both experienced and amateurs, who are looking for different yet effective strategies to optimize their stock trading ideas. With this market trend, tons of stock trading software were developed. Among these stock trading utilities include RT Trader Pro. If you haven’t heard of the great features of this tool, you can read on for a comprehensive RT Trader Pro review.

RT Trader Pro is a stock trading software by Fongan Technology LLC, & FRI Corporation. It is exquisitely engineered to match the needs of both its advanced and basic users. It provides effective techniques that can help you determine trend direction and keeps you aware of when the trend is more likely to reverse. With its aid, more traders can easily recognize the “good markets” and “bad markets” that can help you avoid risky trading strategies and help you improve your over-all performance in the stock market. This tool is definitely something for the professional or want-to-be professional trader. It is packed with a superior charting feature that can provide a substantial lead to traders who uses it.

Now, you don’t have to worry about not getting the latest buzz in the stock market as you can now get updates and news from Realtimetraders.com amounting to over 700 stories per day. These headlines are customizable according to category like Breaking News, Upgrades, Downgrades, and more. RT Trader Pro is now packed with Nasdaq L2 and Toronto L2 windows. They also feature live, real-time streaming, and DDE linking for Excel files. This includes quotes, daily ticks, constant ticks, T&S, and even L2 data. It also enables you to view charts depending on how you want to see it. You can specify time periods that will be plotted to minute charts. That means you won’t be having a hard time viewing daily charts when all you want is a 30-minute period report. You can view all that in total ease as it offers font options, new customizable quote areas, crosshair tools, and cursor labels for all your charts for full customization. The other features packed with the RT Trader Pro are:

ü  A total of 15 CPA pages layout

ü  Shifting of Chart data to enable extended drawing tools for all your graphical chart needs.

ü  Display buyer or seller on CDN Net House

ü  Server connection and download status indicators

Designed for extensive stock market research and in-depth analysis of the market system, it can help you improve your trading strategies and help keep your job easier. Among the things that you can benefit when using RT Trader Pro are its ability to avoid being stopped out of a winning trade using its effective stop placement techniques. It will also teach you how you can enter a trade that has the highest profit probability for higher revenues. With all these power right at the palm of your hands, who can say that it’s hard to formulate with stock trading and marketing strategies?

Jul
14

RightEdge Review

Posted by DeMerchant

With trading system products being around the market for many years, there are some original products that have come a long way. One of which is RightEdge. If you’re unsure whether it is the right program for you, you can read on for a RightEdge review that can help you decide. It is a stock trading software program that allows you to execute your stock strategies right.

RightEdge’s idea-to-execution design just gives you more power in your hands. Its abilities are well disguised behind its simple and easy-to-use interface. Currently, it features advanced charting, and full libraries of technical indicators. Also, it has a pluggable architecture that allows its users to customize the software. Its flexibility allows it to adapt the way you do your work. It makes it possible for you to create trading systems in C#, and even in Visual Basic. No worries though for the non-programmers – this system also allows you to do drag and drop of objects for your program. You can then back test the system so you can have a good view of its profitability and allows you to make some changes for full optimization. The best part is, you can easily connect to your broker and execute the program in live mode so it will feel like a fully-automated and real-time trading.

Despite the fact that most software has shortcomings, this is where you can benefit the most from RightEdge. It uses real and compiled languages to build your trading system such as Visual Basic.NET and C#. Unlike most platforms that use proprietary languages to build a system, you won’t be forced to study a new programming language that you’re not comfortable using. Also, you can opt to build your system in a real developing environment and later on, bring your code back into the RightEdge program for full testing and execution. With its easy access to data, your bar or tick data is not stored on any pre-defined format. You can have full control over your data and how you want it to be stored. Whether you want it to be in a high performance binary data store or in an MS Access database, it wouldn’t matter. It also features a great flexibility for your query language and you will be able to export these data to any format you like.

It is also broker independent, and data independent so you wouldn’t have to worry about rebuilding your system should the time comes for you to switch tool sets and infrastructure. Keep in mind though that your data provider and broker fees are charged separately. If you’re concerned about the security of your data, RightEdge can handle that for you. It has a compiled library that is compatible with commercial grade obfuscators, so you wouldn’t have to worry about keeping your blueprints and data safe. Its implementation is also completely service independent. You don’t have to conform to any of your broker’s rules just to get access to this trading platform.

Quick Feature Overview:

ü  Elegant and easy to use Graphical User Interface

ü  Has built-in indicator technical libraries including Bollinger Bands, Stochastics, etc.

ü  Get historical data from Yahoo, Google, or MSN Moneycentral

ü  With built-in risk evaluators

ü  Dockable and floatable windows for easier viewing

Jul
12

QuantStation Review

Posted by DeMerchant

A good stock trading software can perform numerous tasks needed to accomplish a successful path in trading. A lot of software applications promise this same trait, but only a handful of them can really perform what they have promised. According to a generous number of reliable sources who wrote a QuantStation review, this software is one of those that do what they said. See for yourself why more and more traders opt for this software..

QuantStation is a revolutionary stock trading software that uses advanced charting mechanisms to completely track the growth of your stocks, an integrated news manager to keep you posted in the latest event in the stock market, an algorithm to extract multiple data sources without having to double pay, and other tools and functionalities only a trader could appreciate. This fact attracted so many investors from all over the world into acquiring the said software program. Most of the features this program boasts are indeed very rare to find in other typical software applications. Some of them cannot collect as much data as this software can within a time limit, while others cannot track numerous stock options efficiently. In essence, this application can instantly deliver to you all the raw feedbacks that you would need in order to create a logically and mathematically correct conclusion. In addition, since arriving at the best conclusion at all times is the very key in reaching success in the field of trading, using this software in your stock account can help you manage your way to the top.

As always, competition exists in the business of creating and programming stock trading software programs. However, in any of the categories that you might be interested at, QuantStation is the landslide winner. Most of the features this software promises can contribute a lot in the increase of the quality of your generalization. Going back to its capacity to chart, this platform is the only software that could be accessible in all types of charts, such as candlestick, mountain, and simple point and line. Other types can also be explored by using the charting feature of this program. Moreover, those charts can instantly update itself whenever a certain limit is reached in the stock market. In that sense, the software is tracking the changes in the market, and not you. Imagine the time that you can save from this feature alone. Another fact that you can deduce from this program that can help integrate news updates is your software’s capacity to record and classify the new update available. Unlike those software programs that just creates pop-ups whenever news feeds are detected, this program enlists them in a single window for you to comprehend. Options are even available for the software to instantly ignore the updates that has nothing to do with the undertakings that you are currently facing. With this feature, you can instantly produce a conclusion without having to read all the news updates. Are not those positive features marvelous? For a stock trading software, indeed they are.

Download QuantStation in your PC now and experience a completely new way to trade efficiently.

Jul
08

QT+ Review

Posted by DeMerchant

Compare to other companies, QT Informations System is a relatively new company in the field of making stock trading software application for massive usage. However, the products that it can produce is already very competitive, and oftentimes, their product can easily outrun and outdate other software application system concerned only in the assistance of trading. How can this company earn success quite easily and what is in their product that made it beautiful for a lot of QT+ review writers? You can consider the following paragraphs:

The use of numerous innovative features in QT+ proves that this software can easily perform the tasks needed in an efficient way. Most of the time, since the technology used is quite novice, many users doubt the effects in the overall flow of the processes in trading while using a stock trading software. However, there is nothing to worry about in using this software. The benefits that you can get from using it will make you forget the previous doubts that you have. Most of the renovations in this program include the interface used for the charting of the data, the collection of the inputs and the analysis of those results. The software is now user-friendlier and anyone can understand the meaning of the options given in its interface. All the hard tasks are also automated for you to experience high-class trading while sitting in front of your monitor. Although most of the time, users would want to do some manual computations in their trading experience, using a fully-automated software can guarantee you of having good profits in all of your stock decisions.

The use of this software also involves minor changes in the predefined defaults options. Since the programmers already took note of the needs of the trader, most of the default settings are already applicable for many stock traders and investors. Hence, in those cases, you can instantly start trading without dealing with the tedious programming stuff other stock trading software applications need. Indeed, this option can perform its alone. It can generate you the results that you would want to have in an efficient way. Since you can also download all those conclusions, you can have a personal copy of the hard work done by QT+ for you. As mentioned by the reviewers, this application can also include some of the latest advancements in mapping and checking the movements in the stocks market, such as the Reuters Commodity news. With this addition, you can track the market effectively. Moreover, since Reuters function as the primary source of this feature, you can be sure that quality of the news reports that it can generate is trust-worthy.

QT+ proved that not all starters are failures. Sometimes, pure knowledge is enough. Although most of the trading software applications that have been around for many years still fail to do their duties, this new software can already be a good trading helper. Hence, in this case, knowledge beats experience. Why not have this software in your PC and try for yourself if the benefits are solid?