As a good trader, you should master the aspect of financial trading. There is a more objective and systematic choice to make when it comes to trading. It is very important that you get the most reliable and efficient computer software for this purpose.
If you are into online trading or serious about learning then you need to know that there are a wide variety of software available for trading. These software tools are free, proprietary, freeware but most important they are dedicated to assist potential traders in achieving their goals. If you are looking forward to try your hands on binary options or forex money management then these software products would support you quite nicely.
Charles Schwab
Charles Schwab’s frequent trader platform, StreetSmart Edge, offers Screener Plus, which uses real-time streaming data, allowing clients to filter stocks and ETFs based on a range of fundamental and technical criteria, including technical signals from Recognia. Traders can set the parameters that are most important to them and then integrate Screener Plus results with their pre-defined watch lists. StreetSmart Edge’s customizable charts incorporate Recognia pattern recognition tools.
Charting on mobile devices includes quite a few technical analysis indicators, though there are no drawing tools.
Fidelity Investments
Active Trader Pro is Fidelity’s downloadable trading interface, offering a deeper feature set than is available through the website. Active Trader Pro provides customizable charting functions and trade tools upfront. The software can alert you to technical signals in stocks you are following, and provide alerts on open positions.
Fidelity’s web-based charting has integrated technical patterns and events provided by Recognia. The advanced charting on the web offers the ability to see up to 40 years of historical price data, 30 days of intraday data, extended hours data, and more than 60 fully customizable technical indicators.
The Fidelity Learning Center with content made up of articles, videos, webinars, infographics, and recorded webinars, includes a focus on technical analysis.
Fidelity also offers weekly online coaching sessions, where clients can attend with a small group (eight to 10 attendees) to have in-depth discussions around the topics of options and technical analysis.
Lightspeed
Intended for very frequent traders, Lightspeed’s flagship platform, a downloadable program called Lightspeed Trader, has a highly customizable live market scanner called LightScan which can help you screen for current trading opportunities.
LightScan searches the entire universe of stocks to display symbols sorted and filtered based on your preferences. There are over 100 possible criteria to search on, which can be combined. The flagship platform has customizable charting with 20 years of historical data available.
There’s a demo version of the platform available for those who want a test drive.
TradeStation
Technical analysis and statistical modeling of trading strategies is a key strength of the TradeStation platform. The brokerage grew out of technical analysis software development firm Omega Research, so technical analysis is in its DNA.
The downloadable TradeStation 10 platform offers incredible charting capability based on tick data. Automated technical analysis is built into the charting package, displaying technical patterns on the charts as they form. Web charting capabilities closely match TradeStation 10, including a new toolbar with access to adjust time frames, drawing tools, sessions, and styles.
This is one of the best charting applications available from any broker, and it is especially notable for how well it is integrated with TradeStation’s order management system.
TradeStation users can also create and backtest a trading system based on technical events. TradeStation’s trading simulator has all the tools you’ll find on TradeStation 10 and includes a large historical database for backtesting strategies.
- Masterswift 2.0
USP: Built-in stock analysis tools for tracking derivatives and equities
Make critical trading decisions using Masterswift stock trading software‘s built-in charting tools and technical indicators. Trusted by professionals such as investors, traders and bankers, the software gives access to data of different types such as historical, fundamental and market.
The buy sell signal software for efficient trade execution supports interactive dividends, earnings and splits along with detailed charts highlighting the key financial data. You are further free to use options such as financial data charts and dividend adjustment charts for better analysis of pricing patterns and stock prices.
Key Features of Masterswift Stock Trading Software in India:
- Back Testing
Back testing is used for testing trading strategies against the available historical data for effective risk management.
- Pattern Recognition
This feature analyzes data patterns within trade charts to understand the prevailing market trends.
- Integration Support
Masterswift integrates with third party platforms such as Excel, .Net, Python and Java for semi-automated online trade strategies.
- Trade Signals
End users can expect support from expert advisors for some real-time trading signals.
- Advanced Charting
Several different types of charts and built-in indicators for trading directly using single click option.
- Scanners
Scanners for doing online stock trades for the best trading ideas.
- Historical Data
Historical data of the past years to make wise stock selling and buying decisions.
- MetaTrader 4 Software
USP: Best stock analysis tool for Forex Trading & Technical Analysis
MetaTrader4 is one of the best Forex trading software used by traders for analysis of financial markets. The ample number of features incorporated within this auto trading software India helps traders belonging to varied skills levels.
The automated trading software in India is best for undertaking technical analysis, algorithmic and flexible trading. Aside from these, Mobile trading and trading signals are other technical analysis tools for Indian stocks used by traders for analyzing both financial markets and Forex trades.
You can also undertake technical analysis of currency pairs in Forex market. The best charting software India allows trading of all currency pairs such as Major, Minor Exotic, Metals, Index, Stock and Commodity.
Key features of MetaTrader4:
- Full featured trading system
The fully featured trading free trading software India has two execution modes and four order types.
- Meta Trader market
This feature enables a user to buy indicators and trading robots.
- Algorithmic trading
You can develop, test and apply expert advisory and technical indicators.
- Analytical tools
Around thirty built-in indicators with two thousand free custom indicators and around seven hundred paid ones allow a trader to analyse markets at differing levels of complexity.
- Trading signals
Trading signals allow one to copy deals of other traders.
- Automatic alerts
As a trader, you can now keep yourself updated about the latest developments with the help of MT4 software’s SMS and push notification services.
- Mobile Trading
The mobile version of MetaTrader4 is available for both Android & iPhone to help traders stay updated with the latest financial market trends.
MetaTrader4 Technical Analysis Software Price India: The demo version is available for free free trading software India download whereas the Pro and Standard versions are payable in nature.
- MetaTrader 4 Software
USP: Best stock analysis tool for Forex Trading & Technical Analysis
MetaTrader4 is one of the best Forex trading software used by traders for analysis of financial markets. The ample number of features incorporated within this auto trading software India helps traders belonging to varied skills levels.
The automated trading software in India is best for undertaking technical analysis, algorithmic and flexible trading. Aside from these, Mobile trading and trading signals are other technical analysis tools for Indian stocks used by traders for analyzing both financial markets and Forex trades.
You can also undertake technical analysis of currency pairs in Forex market. The best charting software India allows trading of all currency pairs such as Major, Minor Exotic, Metals, Index, Stock and Commodity.
Key features of MetaTrader4:
- Full featured trading system
The fully featured trading free trading software India has two execution modes and four order types.
- Meta Trader market
This feature enables a user to buy indicators and trading robots.
- Algorithmic trading
You can develop, test and apply expert advisory and technical indicators.
- Analytical tools
Around thirty built-in indicators with two thousand free custom indicators and around seven hundred paid ones allow a trader to analyse markets at differing levels of complexity.
- Trading signals
Trading signals allow one to copy deals of other traders.
- Automatic alerts
As a trader, you can now keep yourself updated about the latest developments with the help of MT4 software’s SMS and push notification services.
- Mobile Trading
The mobile version of MetaTrader4 is available for both Android & iPhone to help traders stay updated with the latest financial market trends.
MetaTrader4 Technical Analysis Software Price India: The demo version is available for free free trading software India download whereas the Pro and Standard versions are payable in nature.
Webull: Best Stock Trading App for Beginners
- Available via desktop, Apple iOS and Google Android.
- Sign up here
Webull came into the stock trading world in 2018 when it started challenging Robinhood for market share. This stock trading app offers commission-free stock trading as well as commission-free trades on ETFs, options and cryptocurrencies.
Like most investing apps available, the company provides access to trade on your smartphone, tablet or desktop.
As touched on above, it charges no commissions for the trades because Webull makes money on other actions you take, like Payment for Order Flow (PFOF), margin loans, interest on cash and service fees for their Nasdaq TotalView Level 2 Advances quotes subscription.
Webull also provides you access to several powerful tools you can use for in-depth trading analysis. These low-cost or free services easily make the stock trading app one of the best stock research and analysis apps for conducting technical analysis.
If these account features sound attractive, you’ll also be happy to learn your Webull stock trading app and brokerage account comes with no account minimum you must meet or maintain. Finally, to de-risk your sign up, Webull also runs frequent promotions that give free stocks.
Conclusion
If you are a stock, options or futures trader, then you know the importance of trading software. In this extensive guide you will find information on Forex trading software, charting platforms, technical analysis software and more.