Benzinga Pro is designed for fast-paced traders who need quick access to news along with comprehensive charts and indicators. The charts include massive amounts of information and the interface is very easy to read.
Pricing: Users can get access to Seeking Alpha for free simply by registering. There are two pricing options for access to a more comprehensive set of tools. Seeking Alpha is a comprehensive financial platform that helps users learn about the markets and track their portfolios.
Activity of any security up to 5 years in the past can be reviewed by traders using Seeking Alpha. The software gives users a complete view of the stock market through its newsletter and email alert system. Users can also check stock charts for most assets using Seeking Alpha. Free users have access to features like charts, quotes, and screening, while premium users have access to helpful tools like real-time data, alerts, fundamental charts, and intra-day charts.
The interface is very intuitive and the homepage includes an overview of the global stock market indices displayed using candlestick charts. Pricing: Stock Rover offers three different sets of plans at different pricepoints. Stock Rover is best for U. Stock Rover provides over 10 years of comprehensive financial data for over metrics. Users can connect all their portfolios to Stock Rover to create watchlists, rebalance portfolios, and find the best stocks. Stock Rover Review also enables users to check the best features with insights and Stock Rover Research Reports lets users quickly create PDF files with the most important financial data.
It provides you a great look at this trading software tool from the inside. I have coded hundreds of indicators and trading strategies in NinjaScript, which is based on the programming language C. I bought this software many years ago, and I am still convinced that it is one of the best stock analysis tools.
However, compared to Trade Ideas Pro, NinjaTrader is a bit more challenging for trading strategy creation. Instead, you have to learn C and go through all the detailed help guides NinjaTrader provides. But it is worth the time! However, you need to consider that exchange data costs extra. If you have an existing data-feed subscription with a compatible brokerage or data provider, you can use the existing data feed by connecting it with NinjaTrader.
The top 11 for the best technical analysis platforms and stock trading software solutions are powerful. But there are some more solutions out there that I want to mention.
They serve a specific niche of investors and traders and have products specifically designed for specific purposes. Portfolio has an exceptional backtesting engine for stock- and ETF investment strategies. Customers have access to 20 years of data for stocks and even a bit more for exchange-traded funds.
FactSet provides the data for Portfolio Thousands of North American stock are supported, and they plan to provide global data soon. The impressive feature is that over 70 pre-configured investment strategies are integrated, and users can backtest all of them. It takes you only a few seconds to verify how the strategies performed.
I go into detail about the functionalities within the Portfolio review. Portfolio is not for traders. It is conceptualized for investors, and it is possible to use hundreds of integrated filters to create investment strategies based on fundamental data and technical analysis. VectorVest is a portfolio management- and stock analysis software.
The basic layer is VectorVest 7. VectorVest is meant for experienced users and is within the premium pricing segment. I wrote a separate VectorVest Review about the features. Unclestock is a fundamental stock screener with 25 years of data for U. Worldwide, an incredible number of 77, stocks is supported for research, screening, and backtests based on over technical and fundamental indicators and data points.
Score models like Greenblatt, Piotroski, Altman Z, Beneish M and several intrinsic value models are integrated and ready to use. In addition, TradingView charts are integrated within the platform, along with news, key fundamentals, company information and more. The free tutorials and documentation of hundreds of scores are available on the website.
Everything is well explained, linked, documented and helpful to understand financial figures much better. I interviewed Peter, founder of Unclestock and added the interview to the review about the Unclestock screener. Finally, we have MetaStock, a tool for market analysis charting and data for traders of all levels.
The stock trading software is available for over 30 years and was founded in Utah in While the name suggests that the investor can only trade stocks with this tool, he can also trade multiple financial assets like futures and forex.
The product line of MetaStock is complex. Various subscription types are available that differentiate between the kind of time frames like real-time intraday market data analysis and end-of-day packages. The platform is not for beginners because of the price level, and you should know precisely what you are looking for before purchasing a MetaStock license.
The biggest pro is the extensive types of available regions and exchanges. Every stock analysis software has its advantages and disadvantages, and I hope the guide helped you determine which tool is the perfect one for you. The cheapest products have the worst data and limited functionalities, while quality is not only defined by price. The mix of purpose, functionalities, innovation, reliability and costs is the key to evaluate the perfect tool.
My personal favorite is Trade Ideas , since it has just everything a day trader needs, and it costs less than a coffee per day. Also, the data feed is included in the price, a free trading room is available, and the customer support is impressive.
On top of that, you can connect brokerage accounts for automated trading, backtest strategies and design powerful scanners. Everything is well documented, and live webinars take place every week. I see it this way: Most people lose money day trading because they rely on old concepts. It can then download your stock position data and then perform analytics on your portfolio, but again you will require the overpriced Yahoo Premium subscription.
However, they do provide reporting on your Portfolio Asset Allocation per industry sector and dividend income reporting. However, Yahoo has climbed from nearly last place to fourth place in this review thanks to their constant improvements. Coming in higher than Google Finance in our review, Yahoo, it seems, can do at least one thing better than Google. Worthy of consideration is StockCharts. Worth mentioning are the sharp charts, which are visually impressive, and their array of exotic indicators may excite the more advanced investor.
One thing to mention, this service offers good Point and Figure Charts, but now that TradingView has added interactive point and figure charting, TradingView is the better option. Missing trend lines, rolling EPS, and a weak news service do not do it justice. They do also offer, like the other service providers, a monthly Membership service with increased functionality. One drawback is the fact that the charts are not really interactive, this impacts the user experience because you need to keep refreshing the page when adding indicators.
CNN money fares well with all basic indicators available but suffers from only one sub-window and no ability to draw trend lines. Also, the chart is only static, and the non-interactive format becomes highly annoying after a while. Having to continually refresh the page to get new indicators plotted will make the experienced investor growl. However, on the bright side, you can plot earnings EPS on the chart, which is also a rare advantage amongst its competitors.
This means you can essentially sign up for Robin Hood and gain access to the free stock charts and real-time quotes and charts for free. The only downside is that you cannot really do any serious stock analysis using Robin Hood. Because it is a mobile-first company, the interface is limited to the size of your phone.
Mobile-first refers to the fact that Robinhood started only as an app on the phone and not a fully-fledged trading platform. This means you have to do everything via the phone, including opening, funding, and trading.
As Robinhood is a mobile-first company, this means if you trade from your smartphone on the Major U. Finviz used to be an excellent free service, but now it is all behind a paywall. To get access to anything good here in terms of an interactive free charting experience, you will need to pay a handsome sum.
Finviz has many fans and some good heatmaps and visualizations, but practically none of it for free. The integrated stock screener is also limited in functionality and usability; you cannot scan across exchanges for example.
Missing a rolling EPS indicator combined with its lack of trendlines takes it out of the reckoning for overall leadership. I really like the ability to plot breaking news for a stock on the chart itself; this is really what sets it apart from the other charting tools.
For quickly referencing the global markets and perusing the news, it is an OK service. For chart analysis, it is useless. Lack of trend lines, moving averages, OBV, and index overlay mark it down heavily. However, with membership, you can get real-time stock quotes.
Google finance suffered criminally in the weakness of its charting, scoring 13 out of 28 points. It is not all bad news. The news reports can be overlaid on top of the stock price, which is unique and valuable to the investor interested in how news plays out in the stock price.
There are many free stock charting services available, but only three are worth looking at. If you want a service that will grow with you on your journey, TradingView is the clear winner.
The market for Free Chart Services is competitive, but some clear winners offer great free services and additional add-ons for a fee.
Ultimately, what you select is down to your needs. But as you mature and your investment pot grows, you will need to seriously think about selecting a Professional Grade Stock Charting Software Package.
Go Pro Now. Each service was rated against 29 different factors. Those tools that offer the most flexibility, usability, functionality, and, most of all, being cost-free made the top The Market Moves Fast. Join Over 25, Liberated Stock Traders. Leave a message. All in all, TradingView is a great package, especially as the backtesting is included in the free version. The only thing you cannot do is forecast and implement Robotic Trading Automation.
For stock market forecasting, you are better off with MetaStock. TradingView is the best stock trading software for beginners because it is easy to use but powerful enough to grow with you as you gain experience, plus the community of over 3 million people will help you learn and gain knowledge.
TradingView takes about 2 minutes to set up, no credit card, no installation, and no configuring data feeds; it is ready to go because TradingView works with a single click.
TradingView enables the easy implementation of powerful investing strategies. It is awe-inspiring that Stock Rover has stormed into the review winners section on its first try.
It is also the outright winner in our Best Stock Screener Review. I actively use Stock Rover every day to find the undiscovered gems that form the foundations of my long-term investments. I do not say this lightly. Stock Rover is available for free , but the real power is unleashed with the Premium Plus service, which is superior to competing stock screeners and less expensive. Stock Rover has the best implementation of stock screening, research and portfolio management on the market today.
Stock Rover integrates with every major broker, including our review-winning broker, Firstrade , and Interactive Brokers. Stock Rover uniquely includes current dividend earnings and future income prediction reporting, making it a unique portfolio analysis platform.
Stock Rover is best at screening for stocks to build professional growth, dividend, and value stock portfolios. Stock Rover provides detailed research reports, historical screening, portfolio management reporting, rebalancing, and correlation. If you manage your portfolio of stocks with multiple brokers, Stock Rover will also integrate them all into one view. Stock Rover is not for day traders; it is for long-term investors that want to maximize their portfolio income and take advantage of compounding and margin of safety to manage a safe and secure portfolio.
Stock Rover scores perfectly in our screener testing, offering the most detailed stock and ETF financial data. Stock Rover has over data points and historical data stretching back years, enabling you to backtest fundamental strategies. Add the exclusive stock scoring systems, and Stock Rover is the best stock screener for the North American markets. You can even set the watchlist and filters to refresh every single minute if you wish.
Stock Rover already has over pre-built and tested screeners that you can import and use. You need to have the Premium Plus service to take advantage of this, I have analyzed most of the screeners, and they are very thoughtfully built. One of my favorites is the Buffettology screener. This value stock screener is based on criteria described in the bestselling Buffettology book. The Buffettology screener includes the Fair Value and Margin of Safety analysis and rankings, and it could be said it is worth the investment in Stock Rover all by itself.
Read more about setting up your Warren Buffett stock screener with Stock Rover. The team over at Stock Rover has implemented some great functionality; I particularly like the roll-up view for all the scores and ratings. Here I have imported the Warren Buffett portfolio, including his top 25 holdings.
Stock Rover pulls in information from over 30 news sources , including Yahoo Finance and Benzinga News. The news feeds are not real-time, but they are useful. When it comes to social chat and community, there is no perceivable service within Stock Rover. Looking at stock charts with Stock Rover is different from all the other software vendors on the market.
Stock Rover has now added 15 technical indicators, and the head of business development at Stock Rover assures me they are adding many more indicators soon. With over different financial indicators and 15 technical analysis indicators, Stock Rover is not the best service for technical analysis or frequent trading.
Still, it is the complete package for fundamental income, growth, and value investors. Although this section is for technical analysis, they are so good with charting fundamentals they still get a good rating.
Again, we have to think of Stock Rover differently from other stock analysis packages. Stock Rover provides ten years of backdated financial information and scanning possibilities, better than all other stock screening package. I used Stock Rover's excellent backtesting, screening, and historical database to achieve this. Within 5 minutes, I was using Stock Rover, no installation required, and no configuring data feeds; it was instantly available.
Even better are the many curated screeners and portfolios to import and use; you are instantly productive. It is quite a feat that it is easy to use, considering Stock Rover has so many powerful scoring and analysis systems. Stock Rover wins our stock market software review by providing the best software for value and income investors. Fair Value, Margin of Safety, and so much more. Stock Rover provides investors with financial growth, valuation, efficiency, and profitability ratings to help them select the right stocks; this makes it the best stock picking software available today.
If you are a long-term investor, this is the software for you. Trade Ideas is best for active day traders wanting AI-driven trading signals. The Holly AI platform has an audited track record of beating the market. According to our testing, Trade Ideas is the industry-leading artificial intelligence-powered stock market scanning and trading signals generation platform.
Trade Ideas promises and delivers the nirvana of market-beating returns. Trade Ideas is unique because the software tells you when to buy and sell stocks by analyzing millions of trade setups every day. The analysis results in 3 to 5 high probability trades every day. Standard includes a live trading room, streaming trade ideas, 10 chart windows, trading from charts, and price alerts. Premium provides the three Holly AI Systems, specific real-time trade signals, risk assessment, full backtesting, and integrated auto-trading.
Trade Ideas is the most expensive software in this review because it offers the real possibility of beating the market using AI pattern recognition and establishing a trading bot to auto-trade on your behalf.
Trade Ideas, unlike any other software, does all the work for you providing you specific market beating AI trading Signals, to help you make regular profits. Extensive testing reveals that Trade Ideas is an incredibly powerful stock trading desktop app that seamlessly integrates cloud-based AI algorithmic stock signals to provide high probability day trading opportunities. When you first open Trade Ideas on your desktop, the software feels clunky and not very user-friendly.
Every chart and table is actually in a separate window, so if you want to resize the view, you need to resize all eight windows. This seems such a hassle initially and seems to hark back to the age of Windows There is a good reason for this design; if you operate multiple monitors and large screens, you have endless flexibility and window configuration options.
Even though they are fully separate windows, they can be linked and unlinked together to provide a more fluid experience with some practice. So although it is clunky and some of the most important functions are hidden behind right-click menus in certain windows, you start to get used to the design after a few hours.
At the heart of the trading platform is the Trade Ideas scanner system, which is unique in the industry. You can see all the in-built scans categorized into Bullish, Bearish, or Neutral in the screenshot below.
Depending on the overall market direction, you can select a potential strategy for the day. The one area in which Trade Ideas is behind the competition is performing your own in-depth technical analysis. Most technical analysis software, backtesting, and charting platforms offer at least 50 different technical analysis tools.
The charting is limited because Trade Ideas does all the work for you in the backend engine. Trade Ideas is not the best choice to perform your own independent, detailed technical analysis. The Trade Ideas platform has a powerful backtesting system that is easy to use, and you do not need any programming knowledge. A point-and-click backtesting system is rare in this industry; the only alternative software with this capability is TrendSpider.
The most amazing thing of all is that you can let Holly AI to auto-trade for you through Interactive Brokers. No, Trade Ideas is not easy to use; it takes time to learn. I estimate at least four days of effort before you understand the platform. However, Trade Ideas help their new clients by providing excellent support, a live trading room, and personal one-on-one training sessions.
If you aspire to be an active, profitable day trader, this package is well worth it, as all the hard work is done for you every day. I am thrilled to partner with Trade Ideas because they bring a unique and extremely powerful service to retail stock traders.
As a partner of Trade Ideas, I requested a discount for all our readers. Benzinga Pro is a unique stock program for trading real-time stock news.
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