If you are looking for the best stock market software, you have come to the right place. This article gives you free tips and advice on best stock market software and best stock trading software for beginners. Author has used and reviewed some of the popular and best stock market software and stock trading software free.
Stock traders have many questions. The stock market is very dynamic, so it is difficult to find out the right stock trading software for beginners. This guide will be showing the best stock trading software to learn how to invest in stocks.
TradingView
Everyone who knows how charts work will tell you that you can only underestimate TradingView at your own peril. This collaborative market dominates the markets with its HTML5 charts which are known to load quite fast. Their minimalistic charting software is designed to save your CPU resources enabling you to do more at any given time.
Their platform works perfectly for most people. So, not unless you are specifically looking for a highly advanced system, this would be a good platform to access especially on-the-go.
The fact that this is an HTML5 kind of system means that it’s also extremely easy to access on the phone. The company’s app is probably the best we have come across so far – unfortunately, they only have an App for iOS users. We look forward to breaking the news of them launching their Android App to you one day.
In our view, what TradingView offers in terms of charts is almost equal to what you’ll find under TI (although we happen to think that the former has a slight advantage over the latter). Oh, and did we forget to add that their charts are also available at absolutely no cost?
You don’t even need to sign-up to access them. Plus you get all the basic features from 1D – 5Y time-frames, zooming tools, drawing tools (accessible when you sign up) and so forth.
StockCharts.com
You can create candlestick charts at StockCharts.com, as well as line and bar charts. The software offers up to three years of data if you have a free account. Upgrading to a paid account gives you access to more data.
In terms of user experience and aesthetics, it’s pretty plain. But it’s functional and can be a good choice if you’re on a budget.
The downside is that you must upgrade to a paid plan if you want to use intraday charts.
Yahoo! Finance
Yahoo! Finance is also on the simple side in terms of features and aesthetics. You can filter charts based on several technical indicators, which can be handy. You can view stock movements over up to five years in duration and view several comparison charts at the same time.
Google Finance
I don’t think Google’s charting software comes close to StocksToTrade. But Google Finance might be a good fit for you if you’re a beginner. And if you use Google’s suite of tools, you might find their interface easier to navigate.
BigCharts.com
BigCharts.com has been around for a long time. It allows you to use lots of technical indicators as well as several different chart types.
Unlike many other sites, intraday charts are available between one and 60 minutes, giving you far more flexibility when assessing price action. Also, the company offers data all the way back to the mid-1970s. You can find plenty of historical information on long-term companies.
FreeStockCharts.com
It’s important to understand what “real time” means when it comes to stock charting software like FreeStockCharts.com. If the data is less than 15 minutes old, you’re looking at BATS data, which means that it’s coming from one source and doesn’t represent all exchange data.
However, this site can still be a handy feature. FreeStockCharts.com offers intraday charts as well as weekly, monthly, and yearly options. You can filter your data by up to 80 technical indicators, and you can save your favorite chart layouts as long as you have an account and you’re signed in.
Trade Ideas
TI is well-known for its extensive use of artificial intelligence in trading. Beyond that, they have a pretty decent charting software which is available at no additional cost to standard and premium subscribers.
The charts are good looking and helpful, especially for beginner traders. However, if you’re a coder and looking for the freedom to tweak the charts, TI ones would not be the best ones for you.
The idea behind the TI charting software is to provide you with a reference point once you receive an alert from their AI systems. So, if you have already signed up with TI and all you need is a platform for double checking your entries, there would absolutely be no need for you to sign up for any other service.
The charts have basically everything you need to get going. For instance, you can switch from line graphs to candlesticks and vice-versa. You can also scroll or zoom-out the charts to access longer-trade histories. You also have the freedom to switch from one time-frame to another and so forth.
Even with all those features, the Trade Ideas charting software is pretty basic. And if you’re specifically looking for a “bad boy” charting system, there are quite a few better-made programs out there.
eSignal
The eSignal software is not your father’s charting tool! What you get here is a combination of all the good stuff you’d get from all the other 5 combined – and then some.
While other platforms struggle to provide you with 30 days of intra-day trading history, eSignal provides you with not 1 but 6 months of data. Still want more? You can always access historical data from 12 months gone by (at a small fee of course).
The winning attribute of eSignal is that it provides you with unlimited editing and coding freedom. You can do some pretty advanced coding with their software. What’s more? They have a mini App Store from where you can download all kinds of tools to use for coding.
eSignal is a specialized or standalone charting platform. Fortunately, they also do provide you with a streamlined access t 50+ brokerage firms – so you don’t have to leave their interface to look for a broker. This, however, makes them different from other charting software programs that are mainly provided by brokerage firms.
Love drawing stuff on your charts? eSignal is probably the place with most dynamic charting tools around. In fact, their drawing tools can even identify trends and even pinpoint support and resistance spots for you. How cool is that?
Scanz
Scanz is yet another one of the often underestimated chart service provides. When you need to take a closer look at a stock or make a final decision on whether to buy or sell a stock, the Scanz chart montage might just all you need.
Their charts a tailor-made for the stocks markets. In fact, all you need to do is enter any stock symbol inside a box and click go and it will provide you with access to all the data you might be looking for.
They have a screening chart, which draws and updates itself dynamically. Plus you have the freedom to choose whether to use line charts, bar charts, or candlesticks.
Besides that, they enable you to access multiple customization options by simply adjusting a few options. For instance, you can adjust the time-frame (ranges from 30-minutes to 1-year), indicators as well as modify the tools needed to trade.
Conclusion
Stock market analysis is the best stock market software free to use. This stock market software free is your solution for discovering, analyzing and tracking stocks with ease. This stock analysis software is a good fit for both day traders and long-term investors alike. Stock analysis, or stock charting as it is typically called, consists of the use of a chart to display prices over a period of time. One can study price movement patterns, using charts to predict future direction.”