Comments on: Why to Use Stock Trading Software

By: Chip

Chip — Sun, 27 Dec 2009 01:12:34 +0000

This is a great run-down for why most people, especially inexperienced traders and investors, would be wise to invest in proven stock trading software. The ones that deliver true value will tend to cost a pretty good chunk of change, but you could very easily earn it back with just one profitable trade. Too many people these days think that all they have to do is watch CNBC and subscribe to Investors Business Daily and they’ll be able to turn $10,000 into $50,000 overnight, but this is like chasing after fool’s gold. You have to have a more measured and calculating approach that takes the long-term view, and getting ahold of some good trading software is an important step in the right direction.

By: B. White

B. White — Thu, 19 Feb 2009 16:02:01 +0000

Finding the best stock trading software for you and your money is important, it is also the hardest part of the whole process. I think I tried twenty different programs before I went back and settled on one of them and I knew it didn’t have everything I wanted, but it was the best of all of them. About three years later I ended up testing another software program and switched to that after the trial period was done.

I haven’t switched as much as most traders, but I lost count on the number of different programs I have gone through– it’s a very personal thing. Now I use a combination of two really good programs and a separate portfolio tracker and it works really well for me.

By: Phil

Phil — Mon, 19 May 2008 04:16:34 +0000

I like the idea of being able to test the stock market with trainging wheels. You raise a lot of good points here. By the time I started investing the days of scanning the papers was over, but I have total respect for the guys who got the job done that way.

Even though there is software to do most of the work and guesswork that we used to do on our own, I think it is still important to be able to read the stocks yourself. It helps you hone your ability to assess the market and make better decisions. Computers and doftware will never be able to replace your intuition.

Oh, and after reading about investment criteria in this, I am still looking for one that lets me choose criteria and then ahave a little control over those choices. The blanket options are too limited with most software.