stock trading software reviews
The five most popular trading software packages (according to Traders.com ranking) are:
These are the 5 listings for Software that are viewed most often on the Traders' Resource website (excluding one listing for Traders.com starter package for traders). Stock Trading Software Reviews - SwingTrackerSwingTracker is a stock charting and scanning tool that is designed specifically for swing traders. Stock market swing trading is a trading strategy based on forecasting intermediate-term stock moves, of both long and short. Typically, the aim of the strategy is to profit from intermediate-term movements with average stock position duration ranging from several weeks to several months. The features are optimized to make you aware and able to analyze the markets in real-time. To this end, SwingTracker offers real time quotes and charts, real time dynamic stock watch list, a stock scan (a stock filter with more than 100 criteria), portfolio tracker (monitor up to six different portfolios at the same, real time), and technical stock analysis tools. The software is also aimed to be the best value for money for stock market analysis, with monthly fees at $49.95 level (the price may change at any time). You can read more about the SwingTracker at swingtracker.com. Stock Trading Software Reviews - TradeStation 8The TradeStation trading platform has won the Best Professional Platform title from Stock & Commodities magazine both in 2003 & 2004. TradeStation 8 trading platform has been designed to help you formulate and test trading ideas, identify opportunities in real-time, and then automate the execution of your trades. With the trading software, you can back-test your trading strategies. The platform uses EasyLanguage, specifically developed trading technology that lets you communicate virtually any custom trading idea for back-testing purposes. The TradeStation allows you to test these trading ideas on up 20 years of historical data. The data includes intra-day data. When you've formulated your trading strategy, you can use the trading software to automatically generate your entry and exit orders and send them to the marketplace. To learn more about the system, visit tradestation.com. Stock Trading Software Reviews - MetaStockMetastock is a software analytics tool developed by Equis, a Reuters company. According to the company, more than 100,000 traders worldwide use MetaStock to help them in their trading decisions. The MetaStock 9.0 software comes in two versions, MetaStock Professional 9.0 and MetaStock 9.0 (End of Day). Of these, the MetaStock Professional 9.0 is the 3-time winner of Stocks and Commodities Reader's Choice Award for best analysis software. With it, you can test multiple trading systems on multiple securities. Features in the analysis tools also include the over 230 built-in indicators and line studies that you can use. This collection includes over 80 indicators for broad market analysis. MetaStock 9.0 (End of Day, EOD), meanwhile, offers analysis tools for EOD data. In addition to technical analysis indicators, you can analyze the markets with fundamental data. Stock Trading Software Reviews - Advanced GETAdvanced GET, from eSignal, is a graphical charting package with a set of technical analysis tools. The package offers specialty tools and indicators, such as Elliott Waves analysis, Ellipse, Make-or-Break, eXpert Trend Locator and False Bar Stochastics analytics. In addition to these special stock market studies, you can also find traditional, standard studies for market analysis from the Advanced GET. Much of the features in the Advanced GET software are meant to work together with eSignal's market information. If you want, you can get the Advanced GET analysis package as an integrated package with eSignal. As an eSignal add-on, the package is available on a monthly fee basis. Stock Trading Software Reviews - OmniTraderOmniTrader has been designed to offer automated technical analysis tools to traders. This automation is based on the company's own innovation called Adaptive Reasoning Model (ARM). ARM was invented at Nirvana Systems back in 1994. As the company describes it, OmniTrader ARM technology generates Buy and Sell Signals based on the "personality" of each security in a given list. The ARM program will test all of its 120 built-in methods on each symbol in a given list to find the techniques that are working well for the specified time period. Then, it uses those methods to generate trading signals. Other features in the OmniTrader platform include a trading simulator called Trading Game, a chart book page with multiple charts, drawing tools for graphical technical analysis, and tools to help you in money management (primarily stop placements). |