Does anybody know what is the best stock trading software please? I would like to trade stocks (day or swing)?
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- You need to read a few books on trading. Both technical and psychological. If you had, you'd never be asking a question like this. The bottom line; There is no magic formula. No "special program", no "trading service" that will make up for hard work and a lot of reading.
- Anything with level II is what you are probably looking for. It appears the poster above me may need to read a few books himself. I know what you are talking about. Genesis provides the Laser platform, which offers direct access through all major US exchanges and ECNs. That is what I have had luck with. I felt it was very user friendly. At my last job I also worked with clients that use the Cybertrader platform, which is also a good Level II platform. The only other platform that I have worked with in addition to those two was HammerTrade, through Assent Clearing. At the time I used it (2004-2005) I found it to be relatively primitive, although I think they have advanced it since then. Other discount brokers like Etrade, etc. offer relatively good Level II platforms and even the major bulge bracket firms have tools available, if you meet capital requirements. Oftentimes, you will find that it is trial and error-whatever works for you is the best. Different programs have different perks. If you are just looking at charting, I think ESignal is relatively good. You may want to check out Metastock too. Often charting systems will give you a free trial period to check out the software first. Good luck trading.
- You may want to have a look at tradestation. Provides realtime data/ charts/ history / backtesting, is realtively expensive, but if you are doing this professionally then you probably do not want to be without something like this. Other options Telechart - Worder Brothers MetaStock - Equis These are information systems and you will still need a broker for trades. Metastock also allows backtesting of systems and strategies ( as does tradestation). As an aside, if you want a monthly strategy, then check out stocksmonthly. They have proved to be extremely profitable.
- http://www.top10traders.com is a good free site to develop your stock trading techniques. The site lets you create a portfolio of stocks with $100,000 in "play" money, and ranks each month's best traders.
- There is a stock news software for daytraders in the link below that requires a monthly subscription. I haven't bought it yet so I can't say whether it really works or not. Let me know if it does if you get it. Good luck.
- Personally, I think there are no good stock trading software programs. I don't trust advice from a software program. I look at research reports written by humans from S&P and Morningstar and Valueline. I also read Barrons. I get figures from Yahoo! and MSN Money.
- Trade Station, without a doubt. Best training. Best simulator. Easiest to program.
- Here's some free trading software: http://www.tradingsimulation.com It's pretty good, does simulation and real trading. There's free stock charts and stuff there too. If you want all-singing all-dancing, then eSignal is great. Pricey though. Good luck, SJ
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