Depending whether a stock trader is a beginner or a professional, each stock trader has different reasons why he or she uses a stock trading software. A stock trading software is capable of performing many functions that aid a stock trader in his or her everyday stock transactions. For beginners, they usually use stock trading software to guide them in their stock trading endeavors. They rely heavily on the pieces of information that the software can produce. These pieces of information are used to analyze market trends for further guide in buying or selling stocks. Considering that timing is a very important factor in stock trading, beginners in the stock market arena make use of the information produced by stock trading software to their advantage by using it as a guide before making their decision either to buy or sell a stock. On the other hand, professionals in stock market trading make use of stock trading software to make their stock market transactions easier. They usually use these software to monitor and organize their transactions and to manage their records.

Currently, there are various stock trading softwares available in the World Wide Web. There are so many choices to the point that many people are carefully considering their options before choosing a software. If you will opt to check on the stock trading software reviews, you might likely stumble upon a TradePerformance review. TradePerformance is a stock trading software that can perform various essential functions from basic to advanced. The basic functions that TradePerformance can perform are record keeping and information charting. These basic functions make it easier for the stock trader to perform the normal day to day stock transactions such as buying and selling. The more advanced functions that this software can offer are planning, money management, and tax reporting.

The planning function of the TradePerformance software includes analysis and comparison of stock market information. This function is of great help to many stock traders since it equips them the necessary information needed to make an informed decision in their stock trading decisions considering that timing is a very important factor in one’s success in the stock market. This function also give the stock trader an overview of the stock market trends. Regarding the money management and tax reporting functions, this software is capable of performing the essential elements of these functions although this software is not popular or known for these functions. TradePerformance is best known for its organizational and record keeping function. Regardless of the breadth and volume of your transaction, this software will be of great help in its organization and management.

Indeed, the TradePerformance software can perform multiple important functions. However, it is not widely known for all of these. It is best known for its organizational and record management functions. It is commended for its adaptability to organize and sort records regardless of its volume and number. Through this software, you will be able to efficiently organize your past and present transactions. This will be of great advantage for many stock traders.

In the world of virtual hedge fund management Marketocracy has for a long time been the leader by a large margin, but then comes along the new kid on the block Wall Street Survivor. Both have a lot of similarities; for example, both use fairly basic stock market tracking software to follow your free online portfolio. Both are “free” services, although Marketocracy has a paid area, while Wall Street Survivor is entirely free.

My biggest qualm with Marketocracy is that you have to manage seperate longs and shorts accounts, so it doesn’t really track your “portfolio” per se. Wall Street Survivor does let you manage joint longs / short accounts, although it doesn’t really work like a real portfolio either. You can hold a total value in longs and shorts, whereas really, if you add to your short positions you should be able to invest more in longs. Continue reading “Marketocracy vs. Wall Street Survivor” »