Review Investing Trading Software Systems Free Trials
What to Look for in Choosing Investing Software that's Right for Your Trading Style
Practice on a Free Demo Trial First Before Purchase
Most trading software comes with a free trial so you can demo it first before purchasing. If your a new investor trader practising trading the markets is a good learning experience. If you are a beginner, try practicing trading the markets first, and most importantly, do it as if you are trading your actual real money to simulate your real trading account, your real trading strategies, in real market conditions.
Customer Service and Technical Support
Any purchase of software should come with free customer service via email, instant messaging, support ticket system, and or phone access.
Real-Time and or End-of-Day Market Data
Along with the software you will need market price data to be inserted into it. Is your software provided with free or fee based data? If so, if its fee based how much are the charges for the data you need? How accurate is the data? If your software is not provided with data, what data providers and format can you use with your software?
Technical Fundamental Trading Strategies Indicators Systems
Theres many different types of profitable trading strategies, indicators, and systems based on technical and fundamental analysis. Most software has and deals with technical analysis of stock futures forex price charts. Some softwares have fundamental screeners built in to also analyze company valuation ratio metrics. Look for software that either has some technical strategies, indicators, systems that are built in and or come as an additional add-on or plug-in. More comprehensive software includes or is stand alone with a fundamental valuation screener.
Get Some Continuing Education and Training with the Software
Most but not all software providers provide free or fee based education and training for using their software, and basic to advanced investing trading education. Software product use training is a must to use it correctly, and basic advanced investing training is a big plus for your continuing education to master the financial markets.
Specific Things to Look for in Software Packages
Multiple price plot styles: OHLC, HLC, Line, Bar, Candlestick.
Plot hundreds of the most popular technical and fundamental indicators.
Create your own indicators.
High resolution and fast chart rendering.
Link your symbol and/or time frame to any other chart or watchList.
Tab, float or dock multiple charts within a workspace.
Save your own user defined chart templates with your indicator parameters and custom color settings.
Arithmetic, logarithmic, percent and fixed percent scaling.
A large drawing tool library including trendlines, Fibonnaci retracements extensions, regressions, shapes & lines and text.
Scan, sort and alerts that come directly from the indicators on your chart.
Scan, sort and alert from hundreds of pre-configured and automatically updated system lists and indexes, plus your own personal watchlists.
Show multiple data columns for technicals and fundamentals.
All data column values stream and update in real time.
Scan and sort technical fundamental data in real time.
Flag stocks to allow quick organizing of your own personal watchlists.
Create and save templates for quick access to your favorite charts and data.
Easy sorting of your watchlists to access the data you want the most.
Link the active symbol in a watchlist to any other chart in your workspace
Tab, float or dock multiple watchlists within your workspace.
Scanning Screening Sorting
Fast scanning screening and updates in real-time with your market data. Different types of software can take seconds to minutes to hours perform.
Use pre-defined scan screen conditions or create your own scans.
Choose from hundreds of available conditions or create your own.
View your scan screen conditions directly on a chart to see them correlate with your chart indicators.
Instantly sort and re-sort your watchlist and scan results with as few clicks as possible.
Price, trendline, indicator and condition alerts.
Always running, even if your computer isn't on.
Alert notification via the application or by email or by text message.
Set reminders to review specific symbols.
Notes, News and Chat
Take and keep your own personal notes or share them with other software users.
Attach charts, watchlists, scans or entire workspaces to any note.
Review your personal notes for the active symbol, right at your fingertips.
View other users public notes for the active symbol.
Quickly find all the symbols with your own notes.
View the current and historical news on the active symbol.
View and filter in real-time social networking feeds of notes showing what other people are discussing and trading.
Discuss market strategy with other software users live and in real time with a chat function.
Always up to date, streaming data feed either by data download or data updates.
US Common Stocks & Indexes, Exchange Traded Funds (ETFs), Mutual Funds
Other global common stocks & indexes for the markets you trade.
Forex currency pairs.
Connections to thrid party advisory alerts services.
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