There are many software application for a stockbroker with different functions to help the traders. Most of the stock companies offer stock trading software with a variety of trade, research, analysis functions, stock screening to different clients when they open a brokerage account. Most of the technical analysis trading software may cost extra, as part of a premium package; a lot of it, invariably, claims that it contains “the best stock charts” or “the best free trading platform.
There is no single best stock chart or best stock screener software. There are too many markets, trading strategies and personal preferences for that. But we can examine some of the most widely-used stock trading software out there and compare their features. Whether their utility justifies their price points is your call.
Top Technical Analysis Trading Software Review
Affordable online trading tools designed for stock trader easy to use, easy to understand, and are used by professionals and new traders alike. The technical analysis trading software will notify you when to trade and how to trade with signals and tools for over 350,000 stocks, ETFs, futures, forex, and mutual funds.
Once you have this software, you will know exactly when to get in and out of any stock, future, forex, ETF, precious metal or mutual fund with the Trade Triangles! They help you identify the strongest trends to maximize gains and minimize losses. MarketClub’s smart scan will help you quickly find winning trades in all the markets we cover. The INO MarketClub technology will scan the market and highlights solid trades that match your trading style and preferences.
This is a technical analysis trading software targeted at active, short-term traders with precise entry and exit strategies, ProfitSource claims to have an edge with complex technical indicators, especially Elliot Wave analysis and backtesting functionality with more than 40+ automated technical indicators built-in. Its asset class coverage spans across equities, forex, options, futures, and funds at the global level.
Technical analysis, or charting, is the study of past price and volume movements with the aim of identifying future price movements. A technical analyst assumes that all relevant information about given security is already priced in by the market and that a study of past patterns can reveal both market sentiment and intention. There are a wide variety of methodologies, but most rely on the use of a variety of mathematical indicators which attempt to gauge qualities such as momentum, support, resistance, and trend.
This is the most actionable stock trading information platform ever built for the individual stock trader. If you trade stocks then you absolutely need Equityfeed. The technical analysis trading software can transform you into the most efficient and profitable stock trader you’ve ever been. You can create customized and incredibly powerful filters for intraday trading. This allows the stocks you want to come to you instead of you looking for them. Stock hunting at its finest. It’s like shooting fish in a barrel.
EquityFeed Workstation “pattern recognition” tool alerts you to proven & profitable technical events as they happen in real-time. Easily capitalize on stocks that are making new highs, new lows, breaking price averages, breaking volume averages, moving large block trades and much more. This is the fastest, most advanced News Streamer in existence for active traders. Take advantage of incredible news filtering capabilities. Real-time news at its finest.
Wave59 PRO2 Technical Analysis Trading Software
This stock trading software is designed for traders who want all-encompassing analytics and trading platform. With Wave59 PRO2 you can perform an entire range of advanced analyses and execute trades, plus build automated trading systems, all from the powerful Advanced Trading Platform. You also have the ability to choose the real-time data feed option and pricing plan that’s best for you – and you can also import data into Wave59 PRO2 via the built-in Data Manager.
Unlike other technical analysis trading software, Wave59 was not designed by marketing people, sales agents, or entrepreneurs. It was designed by active traders primarily for their own personal use, and because of this, you’ll find that the software is different in a lot of ways to what is more commonly found in the retail arena.
If you are looking for something more than the typical over-simplified red-light/green-light analysis commonly presented by most software vendors, we think you’ll be pleasantly surprised once you start working with the unique tools found in W59. You’ll notice the difference the minute you bring up your first chart.
This is an integrated trading and charting software system, providing an end-to-end solution from order entry to execution with customized development options and third-party library integration compatible for 300+ add-on products, NinjaTrader is one of the commonly used research and trading platforms. It is especially geared to futures and forex traders. NinjaTrader provides a C# framework for developers to build integrated indicators, drawing tools, automated strategies and more.
Though it is not a free trading platform, the costs can be as low as $.53 per contract, and commission rebates are not uncommon. Apart from the usual technical indicators (100+), fundamentals, charting, and research tools, it also offers a useful trade simulator, enabling risk-free trade learning for budding traders. Extend your futures trading platform through an Ecosystem of 3rd party vendors designing tools & services specifically for NinjaTrader software.
MetaStock Technical Analysis Trading Software
This is another technical analysis trading software for stock trading software applications, MetaStock offers more than 300 technical indicators, built-in drawing tools like Fibonacci retracement to complement technical indicators, integrated news, fundamental data with screening and filtering criteria, and global markets coverage across multiple assets: equities, derivatives, forex, futures, and commodities.
Both its MetaStock Daily Charts Subscription and its MetaStock Real Time packages (especially geared for day traders) include its highly praised stock charts software.
With MetaStock, day Traders will appreciate the real-time data and news in MetaStock Real Time powered by XENITH. MetaStock Daily Charts and Thomson Reuters Datalink is the perfect solution for end of day traders. All of our products include global market data for analyzing stocks, options, FOREX, commodities, e-Minis, foreign currency and more.
This is a technical analysis trading software significantly more viable for a stock trader who is more interested exclusively in U.S and Canadian stocks and funds, The stock trading software offers the best solutions which include the stock charts, watch lists, alerts, instant messaging, news, scanning, and sorting.
TC2000 offers fundamental data coverage, more than 70 technical indicators with 10 drawing tools, and an easy-to-use trading interface, as well as a backtesting function on historical data. Worden TC2000 does not, however, offer automated trading tools, and asset classes are limited to stocks, funds, and ETFs.
Options offer many strategies that can be combined with your stocks for the purpose of hedging, creating income or speculating on volatility. TC2000 includes 25 built-in strategies that can be overlaid on a chart to show maximum gain or loss at every stock price. It’s a great tool to learn the strategies and get comfortable before using them with real money.
eSignal Technical Analysis Trading Software
A popular technical analysis trading software offering research capabilities, the eSignal trading tool has different features depending upon the package. It has global coverage across multiple asset classes including stocks, funds, bonds, derivatives, and forex.
eSignal scores high on trade management interface with news and fundamental figures coverage, and it’s stock charts software allows for a lot of customization. Available technical indicators appear to be limited in number and come with backtesting and alert features.
You can use eSignal to predict the future by understanding the past. The backtesting and scanning tools empower you to gauge the effectiveness of your trading strategies before putting your money on the line. Analyze the markets faster with user-friendly, customizable charts that allow you to create charts your way.