If you’re looking to get involved with share trading, then it’s a good idea to find the best possible software to help you track fundamentals and do technical analysis. Studying share trading software reviews will help you to find software that you can trust, and that meets your needs.
There are a number of sites that offer lists of tools and share trading software reviews, but before you can fully take advantage of them you really do need to know where to look, and what you want from your software. For example, the average beginner might think that they are completely happy relying on EquitySmart for all of their information, but once you start looking at all of the other stuff that you can benefit from you will quickly come to realise that there are faster and more efficient methods of getting the alerts that you need to make a profit.
Take, for example, Townsend Real Tick. This is a reliable, fast source of market data. It can give online brokers and traders access to information about the markets, as well as liquidity solutions. This is a tool that empowers investors, and provides easy to use and informative charts.
Another great tool is ProfiDing. This tool provides real-time trading alerts, and also gives users access to qualified chat rooms. The slick interface with chat windows and side panels for alerts is ideal for helping people to keep track of all of the information that they need in one place.
For planning, you can use Eye in the Sky – a trade planning app that provides sophisticated filtering capabilities and tools to research, plan and find trades. A common thing that appears in share trading software reviews concerning this software is that the user interface is not particularly friendly – but that doesn’t mean that it’s a bad tool, just that there’s quite a learning curve. It is best used as a planning tool, not a live trading tool, because results and charts can sometimes have a significant delay on them. But, if you know the limitations then it’s still worth adding to your toolbox.
When it comes to fundamentals, if you want live analytics, look for Stock Rover. This is a research tool that offers institution-quality fundamentals, but within the reach of the average trader. It does have some limited technical criteria, but it is really a fundamentals tool – with good filtering and sorting, and the ability to view based on dividends, SP500, portfolio performance, and other factors. Because there are so many sort options, it’s easy to avoid becoming overwhelmed by information.
Jigsaw Trading is another powerful tool. It offers a number of “decision support tools”, and it is used by both casual traders, and those who are professionals. The tool offers depth and sales, and aims to give a clear picture of orders. If you want something a bit more powerful than the average indicator software, then this is definitely going to be a good choice. Of course, the orderflow tools are not something that will be a magic bullet, but they can be useful – and they will make it easier for you to really make decisions.
Another useful tool for screening stocks is the Stock Vision-Power Scan. This is a premium tool, but there is a free trial so you can give it a good look. The software itself is a great tool, but what makes it worth buying it is the ebook and the educational resources, as well as the forum that you get access to as a user.
If you want to save time with your trading, the Ninja Trader is a great solution. Active traders will find that the automation tools are invaluable, and there are some nice tools for developers as well. The charting is smooth, and the information it offers is valuable, but the user interface is difficult to get used to and there’s a lot of clutter.
If you are a Windows desktop user, and you want a program that can integrate with most brokers and financial sites, and display information from a lot of different data feeds, then you should look at QuoteTracker. This is a tool that gets a lot of positive stock trading software reviews. The software has been around for more than ten years, and offers real-time quotes, technical indicators, live intraday charts, alerts, news and more. It has improved a lot over the last several years – from a really good starting point as well. There are so many things that you can do with the app, and the integration is impressive. The support offered is very good also.
There are many other tools, apps and websites that stock traders might want to use. It is well worth experimenting with as many different tools as you can, so that you can find the ones that complement your workflow. For some, that means tools with technicals and charting. For others, news feeds, dividends information and fundamentals. If you’re a serious investor, you could need both. The choice is yours, but take the time to learn as much as you can and develop the best possible toolbox to build up your investing career. You will become a better informed and more confident investor, and that will hopefully reflect in the breadth and performance of your stock and share portfolio holdings.