The most detailed Stock Trading Software Review on the web compares over 70 criteria across 25 products to give you the ultimate Top To get an advantage in the stock market you need a solid education , experience, patience and also the best tools.
This stock market analysis software review filters down to 10 highly rated software offerings from industry giants to new entrants. On the whole good quality. The Liberated Stock Trader Top 10 Stock Market Software review is the most in depth comparison of the best the market has to offer comparing over different features to evaluate who is truly the best in terms of cost benefit and ease of use.
Not only will you find out which software best suits your trading style, you will be able to compare head to head all of the benefits, features and prices.
TC integrates the most complete package of fundamental scans and a huge depth of technical indicators and conditions. MetaStock has invested heavily with the highly acclaimed MetaStock XV, the biggest benefits are global market access, excellent news services, expert advisors and the ability to perform your own system development. With on of the largest range of stock chart indicators and powerful scanning this is a leading package. TradeStation has a huge feature set in most areas, but it truly excels with the broker integration.
The biggest bonus is that it is completely cost free if you also open a brokerage account with them. Optuma hits spot 4, targeting professional traders and the business market.
With a reduced core price and a wonderful simplicity of use, Optuma by Market Analyst moves up to 4th spot. Improvements in the user interface, data downloading experience could take it further in future years. What you need in a software package is essentially down to how you trade and what information you use in your trading style. If you are a day trader you may need real-time news, real-time scanning and level II streaming quotes. If you are a long term fundamental investor you may be looking for strong economic and company fundamentals scanning.
If you want to develop your own automated trading systems that are back tested and place trades automatically you will be looking for this functionality. Rating these packages side by side can give the impression that one package is better than all the rest, but the key is what software suits you and your trading style the best. No two software packages are identical, each provides a unique price and feature point. Also Liberated Stock Trader has forged relationships with many of the Top 10 vendors to allow you to get a discount or bonus if you decide to buy one of these great packages, simply click on the logos to go to the vendor that best suits your needs.
As stated previously, no two products are identical, there are many strength that are designed into each product to suit specific needs. As such most of the packages can be recommended to a specific audiance based on there strengths. In the following summary reviews we looks at the benefits of each package.
Recommended for those who need excellent real-time news, access to a huge stock systems market and powerful technical analysis with global data coverage all backed up with excellent customer services. The latest release of Metastock XV has been a big hit with improvements across the board. Excellent watch lists featuring fundamentals and powerful scanning of the markets gets a perfect This is be the fastest global news service available on the market including translations into all major languages.
Never mind the broadest selection of technical analysis indicators on the market today. MetaStock is the king of technical analysis warranting a perfect MetaStock harnesses a huge amount of in-built systems that will help you as a beginner or intermediate trader understand and profit from technical analysis patterns and well researched systems. This is really a key area of advantage. The biggest addition to the MetaStock arsenal is the forecasting functionality which sets is apart from the crowd.
However with the huge selection of automated expert advisors you can deploy on the selection of stocks in your purview make MetaStock well worth the investment. Recommended for US Investors with a fundamental bias who need powerful screening and excellent charts on all platforms. Telechart has long been one of my favorite tools, I have been a subscriber for over 15 years and find the latest release v Endlessly customizable and scalable the platform offers nearly everything an investor may need.
It is priced very reasonably with a simply pricing structure. However, it was not designed to cover those. If you trade U. This integration means a tight integration for trading stocks from the screen but also one of the best implementations of options trading from the screen that I have seen. With over 70 different indicators you will have plenty to play with. They have also introduced live alerts which you can configure to email or pop up if an indicators or trend line is breached.
With a platinum membership to Telechart you also receive a tool called Stock Finder. Stock Finder is one of the single most powerful intuitive point and click system development tools on the market today. That is saying something because it is up against some very stiff competition in this space. Recommended for full broker integration, trading off charts and frequent traders.
A great price point of FREE for brokerage clients. TradeStation are a leading brokerage house with excellent execution and low commissions but did you know they have great software also. Joint winner in the review TradeStation offers enough in its software and broker integration to stand tall with the other vendors. Excellent customer service, good training and global market data coverage warrant the highest rating in this category. You can literally screen on anything you think will get you an edge in the market.
You also get what they call radar screen which is really fast with integrated alerting. But do you really need that? Some people do, its a factor to consider. The charts could be a little more intuitive to use which is why it does not score a perfect No perfect 10 in this round as you will need to learn code to develop your own system.
Market Analyst has been in the market for almost 20 years and they cater to individual investors as well as to fund managers. Also included are Elliott Wave and Darvas Box, the full set of exotic indicators are present. To top it off they have also implemented an excellent astrological analysis suite as an upgrade for those of you who believe in that sort of thing, yes commodity traders I am talking about you: Best in class up there with MetaStock and QuantShare as the industry leaders, but unlike the others you to not need a PhD in mathematics to setup and test your system.
This score is only beaten by Tc That says a lot for Market Analyst as it is an exceptionally powerful tool. The interface, the shortcuts, the whole thought process implemented into MA7 warrant this high score in an important section.
They also have an extensive video training library which is very valuable to the new customer. Recommended for investors who do not need real time data feeds but value a huge selection of user generated systems, watchlist and powerful technical analysis tools. QuantShare was new to me and I was pleasantly surprised with the feature set. Watch-lists can be tricky to set up. Further development required here. The learning curve will take a time investment on your part.
YOU will gain an incredible understanding of expert charting techniques, covering the most important methods, indicators and tactics, to enable you to time your trades to perfection.
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