Stocks Trading Software

The right stocks trading software will improve your trading and put money in your pocket.

Software ranges from very basic to extremely advanced. There are countless options, features and types of software and price ranging form free to $5,000. Most online brokers include some type of trading software in their platform. They include stock quotes and basic charting. This type of platform handles placing trades, monitoring your portfolio, simple account management and basic charting capabilities.

When choosing your own stocks trading software, it is best to first assess exactly what you need as a stock trader.

• Are you going to be doing extensive complex analysis of stocks price and volume patterns (technical analysis)?
• Do you need to search for stock candidates based on earnings, growth, debt etc... (fundamentals)?
• Are you a beginner or advanced trader, a day trader, swing trader, planning for retirement?
• Will you be sitting at the computer all day or checking your portfolio at the end of the day

Broker's Stocks trading software:

1. Chart types - OHLC, Line and Candlesticks
2. Standard technical indicators - MACD, RSI, Stochastics, Moving Averages
3. Portfolio Manager
4. Live Training Webinars / Online Training Videos
5. Real Time News
6. Most Actives - Top Ten Winners & Top Ten Losers in each market
7. Alerts on prices being hit or news on a stock- email- cell phone- on screen
8. Mobile Trading

Professional Stocks Trading Software Features:

Paper Trade - a stock market simulator is a program or application that attempts to reproduce all of the features of a live stock market on a computer so that a trader may practice buying and selling stocks without financial risk.

Backtesting - Back testing is simply creating a trading strategy, based upon your own parameters and having the software program do a simulation based on historical data to determine the number of winning and losing trades you would have and calculate how profitable that strategy is.

Automated Trading - These systems allows you to create your own stock trading system that automatically places trades according to your criteria. The lack of discipline and allowing human emotions to cloud your judgment is the greatest and most common downfall of traders. Automated trading removes a person's inability to do what they know they should do, such as take a small loss instead of trying to convince themselves it will turn around.

Advanced Charting - Fibonacci Analysis- Elliot Wave - GANN -Point and Figure- draw trendlines

Real Time Market Scanner

Stock Trading Community

Multi-Monitor Capability

Advanced Conditional Trades

Stock Pattern Recognition (according to technical analysis trading patterns)

Five most popular stocks trading software according to Traders.com:

• SwingTracker
• TradeStation 8 by TradeStation
• MetaStock by MetaStock
• Advanced GET End-of-Day by eSignal (Advanced GET)
• OmniTrader: Stocks/Futures/Real Time by Nirvana Systems, Inc.

Download and try out any software program before buying it to see if it suits all of your needs. All of the best software programs have a free trial, or a 100% money-back guarantee. Make sure it is easy to navigate and user-friendly.

Stocks Trading Software that you might find helpful can be found here

The right stocks trading software is worth its weight in gold. Hope our site helps you find the one perfect for you.

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