A trader they say is as good as his trading analysis tools. For you to be successful in day trading, you have to master the act of analysing st and determining the best entry and exit points.’t do this without the help of good trading software. So it is essential that you apply the best technical analysis trading software to analyse and make decisions when trading any available asset.
There is a lot of software out in the market, claiming to be the best technical analysis trading software. But the majority of them are complete junk. The sole aim of their manufacturer is only to profit from you. A lot of this software will only result in you losing money when you use them to make your trading decision.
To save you from losing money trading using the wrong technical analysis software, I have compiled a list of the best technical analysis software for both beginners and experienced traders.
MetaStock is one of the most recognised and advances technical analysis software for traders in the trading world today. It has over 300 technical indicators. This is one of the reasons that makes traders use it more often than other software. It also comes fully built with drawing tools. You get real-time market news, fundamental data. Its screening and filtering feature is one of the best I have seen in technical analysis software. This popular software covers the global market meaning a trader can choose assets from any country in the world to trade. It is a subscription-based technical analysis software. It has two subscription packages; the daily chart subscription and MetaStock real-time package which is tailored to meet the needs of day traders. Both packages come with state of the art stock charts.
The wooden TC2000 technical analysis trading software is one software that is gaining ground among US and Canada traders. This is because the software offers only US and Canada stocks. The software comes with fully built-in stock charts, WatchList. It also sends out alert and instant messages to its users, which means users will never miss any opportunity to trade. It can scan and also sort out news and trade opportunities as well.
It provides fundamental data coverage. The software comes with over 80 technical indicators and more than 10 tools for drawing. It also has an easy to use interface for trading. One key attribute of this software is that it has a backtesting function for traders to test their trade strategies. You should know that the Worden TC2000 technical analysis trading software doesn’t provide tools for automated trading. It also offers limited assets, which is a significant disadvantage. But still, this is one of the best technical software for US and Canada traders.
esignal is one of the best technical analysis application in the market. It is gaining popularity among traders around the globe. It is a subscription-based technical analysis application. It comes with a lot of functions which depends upon your subscription. It covers multiple assets globally. It comes with inbuilt live news and fundamental data coverage. It has a personalizable stock chart for traders. It also provides traders with the opportunity to backtest their trade strategies with its backtesting feature. Traders can also receive an alert from the software. One downside of this software is that technical indicators are limited.
Another one of the best software for trading is NinjaTrader. It is a highly advanced and integrated charting and trading software system. It offers traders a wide range of options from order entry to execution. It has a personalised development option. A trader can add the software to over 1000 applications and add-ons due to its third-party library integration feature. The software is widely used for trading and research by day traders. If you are into forex and futures trading, then this software is the best for you. The software is stockpile with over 100 technical analysis indicators and other analytical tools.
Another key attribute of this software is that it provides a trade simulator for traders to practice trade and strategies. It comes with both a free and paid version. A trader can use the free version for technical analysis and backtesting as well as trade simulations. A trader can pay a licence fee to get the best from this software.
If you are a trader with a lot of experience looking for an advanced level technical analysis software for trading, then this the best technical analysis trading software for you. It has advanced level functionality. Some of its features include a high tech. Artificial intelligence module. It also offers traders the opportunity to test their trading techniques, execute trade orders. Traders can also build and match trade patterns using the software. It also has a lot of technical analysis indicators for traders to choose from.
These are some of the best technical analysis software for trading that I am using and will recommend to anyone interested in using trading software. Try them out and give your feedback in the comment box. Happy trading.