With the right stock trading software, you can monitor multiple markets and get detailed information about stocks you’re considering quickly and easily. Some programs notify you when a stock meets your criteria for buying or selling, and others can make trades automatically. These programs are easy to use, and they can create easy-to-interpret charts and graphs to help you understand stock trends. Here are some of the best software options for stock trading.
E*TRADE provides real-time data, research, and analysis. It lets you compare historical and real-time information to discover the best stocks in the market. Blog posts, webinars, and news articles help you keep track of events that could impact stock prices and improve your trading skills.
With the Live Action scanner, you can choose from more than 100 preset screen setups and over 145 chart studies and drawing tools. You can also scan the market in real-time and search for prices, company earnings, public sentiment, and news events. This tool can help you uncover overbought or oversold stocks that you may not have considered otherwise. Its Paper Trading feature lets you test the success of your trading strategies without committing real money. That way, you can make changes if needed and increase your probability of success.
Lightspeed uses a customizable, live market scanner called LightScan. It can sort and filter stocks based on more than 100 possible criteria. You’ll also get customizable charting and 20 years of historical data. This program includes company research from TipRanks and social sentiment research from Social Market Analytics. This organization scans Twitter data to discover the financial market’s views about a particular commodity or equity. You can also learn about recent changes in sentiment, the number of people tweeting about the equity or commodity, and the diversity of Twitter sources.
Thinkorswim, TD Ameritrade’s advanced platform, was originally designed for options trading, but it also has lots of analytical tools for equity traders. You’ll get drawing tools for charts, analyses of technical indicators, and easy data visualization tools. You can use thinkorswim with a PC or a smartphone, and one of the tools on the website can help you complete many tasks without a download. It provides access to third-party research, social sentiment tracking and planning tools, and Yahoo! Finance news streaming.
People in more than 65 countries use Trade Ideas. It offers filters for a wide range of data sets, and artificial intelligence can conduct automated trades and help you decide which transactions will be most profitable. You can also trade in a simulated environment and see how your success rate compares to other users. You can download Trade Ideas on your PC or use the web version with any device. With the Compare Count window, you can monitor and compare the success of two trading strategies.
Using stock trading software is a convenient way to learn about the market for the first time or hone your existing skills. It can help you save time and make the right trading decisions to meet your goals.