If you’re a self-directed investor, you probably already know the importance of stock analysis software. But if you plan to become a self-directed investor, you’ll need to cut your teeth on stock analysis software to help you up your game and improve your investing profits.

The best way to start is with free stock analysis software. That’ll give you an opportunity to find your way around the often complicated world of investment tools, features, and resources. And if you don’t stock investor software the free stock analysis software you’re working with now, you can always switch to another until you find the one that works best for you. After all, since they’re free you can just move on to the next one.

What is Stock Analysis Software?

Stock analysis software helps you to track the technical factors surrounding security, a commodity, or even an index. If you have a specific trading strategy that relies on certain metrics, the software can help you react faster than if you were to manually research it.

If you are a buy-and-hold investor, stock analysis is not nearly as critical as it would be if you were a frequent trader but it’s still important. Buy-and-hold investors may not need real-time information but even then you want to be able to research the fundamentals of a company. That stock investor software include its long-term revenue growth, profit growth, stock investor software, market share, future prospects, and other factors that may make a company a good long-term bet.

But shorter-term traders focus primarily on technical factors. Since a short-term trader hopes to buy and sell securities at important price points, the success of the strategy relies heavily on security price levels. This is where the “buy low, sell high” rule becomes especially important. Technical analysis attempts to identify certain predictable price patterns that present trading opportunities to generate short-term profits.

Though stock analysis software can be useful for a buy-and-hold investor, it’s virtually mission-critical for short-term traders, stock investor software. Its purpose is to help short-term traders identify those price patterns to be able to buy in at the right moment and sell at the optimum to maximize profits.

Stock analysis software is a combination of why you should invest in ethereum and resources that enable you to analyze past performance and – hopefully – forecast likely price changes based on dozens of individual indicators. You’ll incorporate the information with real-time data, which will help you to determine patterns and trading opportunities.

Why Do You Need Stock Analysis Software?

With the advent of computerized trading, actively trading stocks is probably more popular now than ever before.  The average investor has more information available on the Internet than even brokers had just a few decades ago.

The problem however is that the volume of information and news has made it more difficult than ever to put it all together and process it in an actionable way – which is exactly why we need stock analysis software. It enables a trader to analyze literally hundreds of data points to help identify profitable trades.

And stock analysis is different than just running a stock screener on a few different factors – you want something a bit more detailed than a simple filter.

What to Look for in Stock Analysis Software

Real-time analysis: It feels silly to put down but you need real-time data and analysis – delayed information isn’t nearly as helpful when you want to make quick decisions. The worst is when you read an analyst report that’s a year old – the world has changed too much since then!

Easy to use: The software must be easy to use. After all, the best technical information in the world is useless if it can’t be easily interpreted and acted upon. That requires a good interface, which translates into simplicity and speed. Software that’s complicated and clunky is close to useless because it will cause time delays that may make specific trades less profitable.

Customizable: The software should also be customizable, so you can modify any charts to fit your specific trading needs. It’s unlikely there is any software available that’s so perfect that it will work for all or even most investors. That’s why customization is a primary quality in determining the usability of the software.

The payoff? If you find the right software, the one that works best for you, you should begin to see a positive result in your investments.

Features Typically Included in Stock Analysis Software

The central feature in stock analysis software is the stock chart. Stock charts provide visual representations of a variety of stock data, including pricing and trading volume. At a minimum, a chart should display the price data, including changes, on a line graph. Advanced charting tools enable you to add additional features and indicators to help you better understand the trading activity for a particular stock or even a market index.

For example, more advanced tools may incorporate price momentum, market sentiments, and even social media buzz into your analysis. All can help to identify important trends that simple price tracking doesn’t fully provide.

That said, it is important to realize that true market timing is impossible to capture even with the best stock analysis software. You need to approach technical analysis with the right mindset and expectations. The best software will enable you to take advantage of trends – most of the time – it will be extremely rare to buy at a recent market bottom, as well as sell at the latest market top.

With that in mind, some important technical indicators that stock analysis software should be able to track are:

Relative Strength Index (RSI): This is the number of up days compared to the number of down days. It can indicate if a stock is overbought, which might be a good time to sell, or if it’s oversold and ready to pop back up. RSI is assigned a value of between zero and 100 (greater than 70 means overbought and lower than 30 generally means oversold). Learn more about RSI here. 

On-Balance Volume (OBV): This metric measures uptrend volume compared to downtrend volume. What you’re attempting to determine is the conviction of the market of the security price at a certain level. For example, low down trend volume can indicate a security is about to turn higher. By contrast, low uptrend volume can indicate a lack of conviction about the direction of security, and signal a price reversal.

Moving Averages: Stock investor software metric tracks the 200-day moving average of a security. There’s also a 50-day moving average, which tracks stock investor software recent price action over a shorter timeframe. Typically, when the two averages converge it confirms the trend, which can indicate either a buy or sell signal. For example, when the 50-day moving average for a stock falls below the 200-day moving average, it’s a sell signal. When it rises above the 200-day moving average, it’s a buy signal.

Moving Average Convergence/Divergence (MACD). This is an oscillator indicator that indicates trend and momentum in an attempt to determine stronger buying or selling signals. It can provide more clarification of a trading signal when other indicators are not providing clear direction. Using zero as a baseline, MACD lines greater than zero indicate a potential buying opportunity, while lines below zero can indicate a time to sell. Learn more about this indicator here. 

Premium Versions of Free Plans are One of the Most Important Features

Though it’s not technically a feature, we’ve emphasized free stock analysis software that also provide premium services, stock investor software. As you move forward in your trading activities and become even more active, you’ll need a stock analysis software that will be able to accommodate what will eventually become a greater stock investor software need for tools and resources, stock investor software. Even though you may not be interested in paying for stock analysis software now, stock investor software, it’s likely the day will come when you’ll be more than willing.

If paying a couple stock investor software hundred dollars per year for a premium stock analysis software will increase your trading profits by several thousand dollars, rest assured you’ll be glad to pay the price, stock investor software. Free stock analysis software tends to work best for new traders, which will only be a temporary situation. As you expand your own trading activities, it’s likely you’ll eventually recognize the limits of the free versions. When that happens, you’ll be open to premium versions, many of which offer practically limitless features.

Most of the free stock analysis software in our list of the nine best stock investor software stock analysis software below offer several premium plan levels (usually three). That’ll be just as important because you’ll eventually find that while the lowest-cost premium plan will work for a while, it’ll just be a question of time before you be ready to move up to a more advanced version.

Once again, as your profits grow, stock investor software, your willingness to spend some money on more advanced tools will grow as well. It’s a form of investing in yourself, especially if you plan for stock trading to be a major source of your income and wealth-building strategy.

If you want to jump directly into paid services you can check out our list here. 

11 Best Free Stock Analysis Stock investor software brokerage firms offer some level of stock analysis tools, features, and resources. But if you’re looking for services that specialize in stock analysis software, consider one of the following ten services:

Seeking Alpha

A free Seeking Alpha membership offers a handful of stock research tools and market commentary.

Your research tools stock investor software price chart

The platform also publishes several free newsletters that can present different stock and ETF ideas along with related market headlines. However, this free content stock investor software provide the same quality of research as a paid newsletter. 

As a result, you need a Premium membership ($19.99 monthly after a 14-day free trial) to perform an in-depth analysis of potential investments and your current positions.

For example, the platform provides proprietary Quant Ratings that assign a bullish, bearish, or neutral score for several factors that make it easier to screen potential investments. Your premium membership also lets you access a stock screener, read unlimited articles, and access the author ratings.

The free version of Seeking Alpha is sufficient for performing basic research and provides more details than a barebones investing app. You may also appreciate the analysis articles from contributors to get a second opinion on a few stocks each month.

Upgrading to a paid subscription is a necessity if you intend on reading the articles or using the rating tools on a daily or weekly basis.

This service offers more market commentary than most and you can stock investor software details that may not be in a high-level article or press release on stock investor software sites. For more info on the service, check out our Seeking Alpha review.

Stock Rover

Stock Rover unapologetically described itself as “simply the best investment research platform on the web&rdquo. While we don’t necessarily agree that it’s THE absolute best, it’s certainly in the top tier of the field. Although they offer four paid versions, they also have a free version – Stock Rover Free.

The service provides comprehensive information on more than 8,500 North American stocks, stock investor software, plus over 4,000 exchange-traded funds and – incredibly – 40,000 mutual funds. And in a feature you wouldn’t expect to find in free stock analysis software, Stock Rover Free also provides portfolio management and brokerage integration for automated syncing of your portfolios.

You’ll also find multiple charting capabilities, as well as daily analyst ratings and analyst rankings, and in-depth market news, including news on individual companies.

One of the best features of Stock Rover is the ability to trade up to the premium plans if you decide you like the free version but want to take advantage of the many investment tools each plan offers.

For example, by signing up for Stock Rover Essentials, at just $7.99 per month, you’ll have all the features of the Free version, plus fully customizable financial fidus capital investmentaktiengesellschaft, over 260 metrics with five years of detailed historical data, portfolio and watchlist tracking, the full support from the technical team, and access to the Stock Rover Library and guru portfolios, advanced screeners, and other tools.

If this interests you, read our thorough review of Stock Rover for more.

StockCharts.com

StockCharts.com describes itself as “the web’s most advanced, interactive financial charting platform, designed to transform the way you see the markets&rdquo. It doesn’t seem that claim is an exaggeration. It provides real-time charting and the industry’s best technical tools and resources on your desktop, laptop, smartphone, or tablet. It’s designed to serve both active and passive traders with advanced scanning tools, award-winning charting and annotation tools, the ability to track your positions and your entire portfolio with ChartLists, and provides custom technical alerts to help you enter or exit your position that the best time.

StockCharts.com offers four different plans, including a free version and three premium plans.

The free stock investor software is pretty basic, offering three technical indicators per chart and three technical overlays per chart. The maximum chart width is 900 px. It also comes with the company’s free data plan, which uses BATS real-time data for US markets and delayed data for international markets.

But without a doubt, the free plan is just to whet your appetite for the premium plans, which have a lot more punch. The Basic, Extra and PRO plans run from $14.95 per month to $39.95 per month, but each offers 25 technical indicators and overlays, as well as intraday charting, saved chart storage, saved chart annotations, auto-fresh interval, historical price data back to 1980 (or even 1900 for the PRO plan) and 350 ChartLists per account.

TradingView

One of the major benefits with TradingView is that it can work for either a beginner or an advanced trader. It doesn’t matter which you are, it provides all the information, tools, and screening capabilities required by investors at all levels. It also offers an important networking capability so you can swap trading stories and get information and tips from other participants on the platform. TradingView is available for both desktop and mobile devices.

Research and information are available on companies trading on stock exchanges around the world, stock investor software. And it will all be delivered in real-time.

One of the advantages of this service is that there’s nothing to download. You can open it in your browser and begin using it immediately. That’ll give you access to the stock screeners and customized technical analysis, including over 100 pre-built studies offering in-depth market analysis. And if you’re interested in Bitcoin, Stock investor software provides earnest money refund oklahoma of that cryptocurrency in real-time.

Like other stock analysis software on this list, TradingView also offers premium editions as well as the free version. There are three premium versions, stock investor software, Pro, Pro+, and Premium, with monthly subscription fees ranging from $14.95 to $59.95. Each offers progressively more services and features than the one before it.

Finviz

Finviz is a stock analysis software and screener tool that offers both a free version and a premium edition, Finviz Elite. That means if you’re happy with the free version, you will always have the option to trade up to the premium edition, with its greatly expanded menu of features, tools and services.

The free version is admittedly limited, since it offers only delayed quotes, charts and screen capabilities. For example, groups and maps will take up to five minutes to be available. Also, you’ll be limited to 10 tables and 36 charts. However, if you register for the free account, you’ll be able to track up to 50 portfolios and as many as 50 tickets for each portfolio as well as those the stock screener presets.

Yahoo Finance

Yahoo Finance is simpler than most of the other stock analysis software on this list, but it is free and the fairly limited range of services may be all you’re looking for in your investment activities. And as a very active investment website, Yahoo Finance is, not surprisingly, very popular among investors, stock investor software. In fact, it may be the perfect stock analysis software for new investors.

The platform offers well over 100 technical indicators, as well as real-time quotes and charts. But what may be most remarkable is that you can trade stocks from the charts. You won’t actually be making the trades through Yahoo Finance itself, but through its partnership with a service called Trade.it, that transmits trade requests to popular brokerage firms.

TC2000

TC2000 has rolled out its Version 20, as the fastest and most stable version ever, and with new features, including premarket buzz, stock investor software, historical condition testing, color bars, synchronized chart and scan time frames, and much more.

They have a feature called condition wizard, which they claim, “if you can think it, you can build a condition for any indicator, step-by-step&rdquo. They offer a stock and options screener, options, charting, stock investor software, watchlist, built-in option strategies, option profit and loss zones, alerts and reminders, custom layouts (which begin with eight predesigned layouts that can be customized), and even a personal journal.

And whether you’re a new investor or a beginner, you’ll appreciate that the service comes with unlimited practice free of charge. That includes a fully functional trading simulator where you can practice and learn the platform.

They promise you won’t even need to put a credit card on file, though they do offer their premium Silver, Gold, and Platinum plans ranging from $9.99 per month to $89.98 per month, with greatly increased features and capabilities.

CNN Money

We couldn’t get a viable video on CNN Money, whether a tutorial or an independent review. But it still rates a position on our list of the best free stock analysis software. After all, CNN Bitcoin investing 2022 21 is one of the leading sources of investment information, and a natural choice for stock analysis software.

Much like Yahoo Finance, CNN Money is a fairly simple platform. From the homepage, you can access information from stocks on exchanges from around the globe. They’ll also provide updated information on each, stock investor software, as well as breaking market news and other news developments that will affect your investing activities.

It’s stock investor software and simple to use, which may make it another stock analysis software that’s highly recommended for new investors looking to cut their teeth on basic investment analysis.

Robinhood

Robinhood has stock investor software sweeping – and disrupting – the stock investor software universe, originally by being one of the first brokerage services to offer commission-free trades. But they’ve expanded their menu of services, and now offer one of the most generous margin trading capabilities of any company in the industry.

Robinhood is an investment app designed with mobile users in mind and is very popular among young, tech-savvy investors. The trading platform is quite basic, and generally light on investment tools and research.

But it’s still an excellent trading app for new and self-directed investors, stock investor software, particularly if you also want to invest in cryptocurrencies. Robinhood may even be the only brokerage firm that also allows you to trade cryptos.

Though it has nothing to do with stock analysis software, you may be interested to know that Robinhood also offers its Robinhood Cash feature, currently paying 0.30% APY on your uninterested cash, stock investor software. And unlike the other stock analysis software on this list, Robinhood is a brokerage service where you can trade on the information and tools available right on the platform.

Here’s our full review of Robinhood.

NinjaTrader

NinjaTrader is designed mainly for futures and options trading, but they offer free use of advanced charting, back testing and trade simulation. But it’s also a brokerage firm that enables you to trade with as little as $400, and it looks like you need to open a brokerage account to gain access to the platform.

But if you do, stock investor software, it offers thousands of apps and add-ons, including trading software and trading indicators and – if you are a developer – you can build integrated indicators, drawing tools, automated strategies and much more. Advanced charting provides you with the ability to trade directly from your chart. You can also use order flow, volumetric bars and market-to-confirm movement in a specific direction.

NinjaTrader comes with real-time analysis of hundreds of markets, as well as advanced alerting capabilities that can trigger custom notifications, social media sharing and orders based on analysis, stock investor software. The platform also uses third-party trading indicators and apps built specifically for NinjaTrader, and once again, unlimited simulated trading so you can simulate automated 200 day moving average bitcoin 50 day strategies on historical data and analyze their past performance.

Benzinga Pro

Designed primarily for active traders, Benzinga Pro offers real-time information and tools to identify pending investment opportunities. Like other stock analysis software in this guide, Benzinga Pro offers premium service plans, but also a free version. The free version gives you the following:

• 15-minute delayed NASDAQ quotes
• BZ Wire Newsfeed (only search, stock investor software, no filters)
• A stock watchlist
• Major movers in the current day’s session
• Detail tool with key stocks stats

The watchlist can be used to keep track of stocks, including current positions and potential trades you’re interested in tracking. The list updates in real-time and includes multiple basic price-related metrics. There is no stock investor software to the number of watchlists you can create. You can even set up customized watchlist alerts to be delivered by email.

Beyond the free version, stock investor software, Benzinga Pro has four different premium plans, ranging from $27 per month to as high as $347 per month. The advantage is that you can start with the free plan, stock investor software, then stairstep to the premium plans as your portfolio and investment knowledge grow. Find out more in our Benzinga Pro Review.

Which Free Stock Analysis Software Should You Choose?

With all the options and free stock analysis software available – as well as a suite provided by your current broker – it can be confusing knowing which one to choose. We’ve rated them in the order we believe to represent the best services available. But you’ll need to choose one that will work best for you – how to make money at blackjack best free stock analysis software available may not be the right choice for you. For example, stock investor software, you won’t be interested in stock analysis software that specializes in futures and options if you don’t trade in those areas.

The best recommendation is to choose the free stock analysis software that looks to be the best for you. The advantage is that since they are all free, you’ll have an opportunity to “test drive” several before settling on the platform you like best.

But you should also carefully consider the premium plans offered by each. If you plan to be an active trader it’s likely you’ll eventually want to trade up to a more advanced service. Your comfort level with a platform matters, so it’s nice to know you can upgrade at any time.

Under the best of all outcomes, you’ll be able to select a stock analysis software that will grow with your own investing activities.

Stock trading software is a set of computer programs that facilitate trading in financial instruments such as stocks and currencies. But it can also help improve you stock-picking decisions through fundamental and technical analysis features. Some software also allows transaction processing.

Brokerages offer the trading software either for free or for discounted pricing. Sometimes it is offered as an incentive to elicit a certain quantity of trading volumes. Independent vendors also supply software to assist traders.

Start with our guide to compare stock trading software programs and find a platform to work for you.

Best Stock Trading Software

The best stock trading software doesn’t stop with in-depth research tools, analysis, screeners and spreads, stock investor software. Traders also need the best performing online stock brokerages in order to make the best possible trades.

1. E*TRADE

E*TRADE isn’t just a stock trading platform. What is investing in stocks on cash app ranks among some of Benzinga’s favorite stock trading brokerages for a number of reasons, namely its access to real-time data, research and analysis in its brokerage platform.

After all, nothing is more powerful than historical and real-time data that empowers you to act on the best stock trades possible, stock investor software. E*TRADE also offers an array of educational resources: webinars, blog posts and news.

The brokerage isn’t the cheapest, but its commissions aren’t the steepest, either. Stocks trade start at .95 with volume discount available, options start at Stocks trade start at .95 with volume discount available, options start at Stocks trade start at $6.95 with volume discount available, options start at $0.50 per stock investor software, and the brokerage even offers hundreds of commission-free ETFs.50 per contract, stock investor software, and the brokerage even offers hundreds of commission-free ETFs.50 per contract, and the brokerage even offers hundreds of commission-free ETFs.

2, stock investor software. TD Ameritrade

TD Ameritrade is beloved by beginner and seasoned traders alike for one reason: It has absolutely everything you need to trade stocks with success. The stock investor software offers traders real-time quotes, 3rd-party research, Yahoo! Finance news streaming, social sentiment tracking and planning tools on its web platform.

Outside of its web platform, thinkorswim packs a mighty punch. It gives traders access to advanced tools like market scans, thinkManual and tutorials to how to make lego candy machine that takes money sure you get the most out of the platform.

You don’t even have to pay for another subscription service for thinkorswim model. And no, it’s not another freemium model masquerading as a free service, it’s absolutely free for account stock investor software. You might consider TD Ameritrade‘s stock trading costs as steep — a flat $6.95 per stock trade with 0 volume discounts.

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The best stock software and app overall is TradingView with excellent chart analysis, backtesting, and screening. Stock Rover is the best stock analysis and research software for investors. For AI stock prediction and charting Trade Ideas and TrendSpider excel.

Finally, Benzinga and MetaStock provide excellent real-time trading news platforms.

This research reveals hundreds of stock software programs offer charts and indicators. The best stock software is differentiated by powerful fundamental stock screening, market scanning, backtesting, forecasting, AI chart pattern recognition, and real-time stock news.

As a certified market analyst researching, trading, and investing for 21 years, I have built the web’s most detailed stock trading software review, comparing and testing over 1200 different features and functions across 30 products.

Best Stock Software 2022

• Winner Best Stock Software Overall: TradingView
• Winner Best Stock Analysis & Research for Investors: Stock Rover
• Best AI Stock Prediction Software & Auto Trading: Trade Ideas
• Best Stock App & Community: TradingView
• Best for Real-time News Trading: Benzinga Pro
• Best Technical Analysis Backtesting & Forecasting: MetaStock
• Best AI Stock Chart Analysis & Pattern Recognition: TrendSpider
• Best Selection of AI Trading Bots & Signals: Tickeron
• Best Portfolio Management & Backtesting for Investors: Portfolio123
• Best for International Traders: TradingView, MetaStock

Stock Trading Software Reviews Summary

This review identifies the best stock trading software to be TradingView, Trade Ideas, and TrendSpider. Stock Rover is ideal for investors and Benzinga Pro for trading the news.

Our testing reveals the best stock software overall is TradingView, with excellent backtesting, technical analysis charts, stock screening, a highly rated stock app, plus a free plan available globally. TradingView benefits from an active trading community of 3 million people sharing ideas and strategies.

The best stock analysis software for investors is Stock Rover, as it specializes in deep fundamental financial screening, research reports, and portfolio management. It is the ideal platform for dividend investing, value stock investing, and long-term growth investing because, according to our testing, it has the best 10-year historical fundamental database on the market.

Our research indicates two leading stock trading software platforms for traders looking to unleash the power of AI to get an edge in the market. TrendSpider enables automated pattern recognition for Trendlines, Candlesticks, and Fibonacci levels. Trade Ideas uses AI to backtest millions of conditions daily to generate higher probability day trading signals.

Trade Ideas is the best Automated trading software; using the Brokerage Plus program, you can automatically trade the Holly AI algorithm signals with Interactive Brokers.

If you want to trade news events in real-time, our analysis shows the Benzinga Pro stock program gives the reactive trader an edge in the market.

For traders seeking robust stock trading software for backtesting, forecasting, and global real-time news, our testing shows  MetaStock is the market leader. MetaStock also has many add-on systems for trading momentum, candlesticks, and more.

Experience shows that traders need software with excellent chart technical analysis, real-time news, and technical market scanning. Investors need stock software for financial screening, in-depth stock research, robust portfolio tracking, and portfolio management. The right stock software for you is based on your needs.

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1. TradingView: Winner Overall Best Stock Software

TradingView is an easy-to-use, powerful platform that supports all international stock markets. TradingView is designed for traders who value a great price, powerful chart analysis, backtesting, and a large social community.

There is no doubt about it; TradingView is a worthy winner and holds its place as number one overall. I love TradingView and use it every day; I post charts, ideas, analyses, and chat with other traders. I also do strategy development and backtesting on TradingView.

TradingView Pricing & Software

TradingView is available for free, but there are limitations with charts, screening, and indicators.  The PRO+ service is $19 per month and has extensive benefits, including multiple devices, screens, charts, and post-market data.

The benefits of TradingView are fast data speeds and global stock exchange coverage. TradingView covers Stocks, ETFs, Funds, Futures, Forex, Bonds & Cryptocurrencies globally, making it a good choice for international investors.

Our testing shows that TradingView’s pricing model and global stock exchange coverage make it the best free technical analysis software in India, the USA, and internationally.

TradingView Software Download for PC & Mac

TradingView is an HTML 5 application that runs in the cloud, meaning you do not need to download any software for the PC or Mac. When you launch TradingView, the HTML 5 code automatically downloads to your PC browser, and it simply works. You can start TradingView in seconds in your browser by clicking this link. Launch TradingView Charts.

TradingView is the best online stock chart program because it has the speed and power of a desktop app but runs in the cloud, improving setup and data management.

TradingView has an App for Android and Apple devices, over 150,000 users rate it 4.8/5.0; this makes it the best stock analysis mobile app available today.

Trading with TradingView

With TradingView in the USA, you get broker integration with TradeStation for stocks and Forex.com for foreign exchange currency trading. In Europe, you have integration FXCM and Saxo Group for currency and CFD trading. You can place trades directly from charts, and it will take care of profit & loss reporting and analysis for you.  The only thing TradingView does not cover is Stock Options trading.

TradingView Scanning & Screening

TradingView has over 250 different criteria for scanning and screening stocks, Forex, and Cryptocurrencies. There are 48 different fundamental criteria and 96 technical variables available. TradingView also includes 48 different economic indicators available through the Federal Reserve Database (FRED), including the Federal Funds Rates and World Economic Growth.

TradingView Community & Platform

TradingView has over 13 million active users sharing ideas, charts, and chats. There are thousands of groups discussing financial markets. The TradingView community is an excellent way to generate ideas and learn from other traders.

TradingView also has newsfeeds integrated, including Reuters, MTNewswires, Benzinga, and DailyFX. The newsfeeds are not real-time but do add value. I would recommend trying the trading platform to see it in action.

TradingView is the King of Social Trading with the biggest and most active trading community.

TradingView Technical Analysis

TradingView has over 160 different stock chart indicators and unique charts such as LineBreak Charts, Kagi Charts, Heikin Ashi, Point & Figure Charts, and Renko Charts. As an advanced technical trader, you will be well served.

With the Premium membership, you also get Level II insight, fully integrated. As a tool for technical stock analysis, TradingView is an industry leader?

As a technical analyst, I am incredibly impressed with the offering of Kagi, Heikin Ashi, and Renko Charts, including Point & Figure and Line Break. Also, the user community has developed thousands of bespoke indicators and strategies. With this selection of charts, you have everything you will need as an advanced trader.

Backtesting & Automated Trading

TradingView has an active community of people developing and selling stock analysis systems, and you can create and sell your own with the Premium-level service.  Also, there are many indicators and systems from the community for free.

I have implemented my MOSES (Market Outperforming Stock ETF Strategy) into TradingView. TradingView enables you to create any system or strategy using Pine script easily. Below you can see 3 MOSES Strategies compared with the equity curve. This MOSES system beat the NASDAQ 100 by 100% over the past 24 years.

TradingView Backtesting Reporting.

TradingView’s backtesting report includes everything you need to evaluate a strategy’s performance, including Net Profit, Drawdown, Buy & Hold Return, Number of Trades & Trade Duration, and strategy risk profile.

I like that in a few clicks [Strategy Tester -> Add Strategy], you have results.  You can also tweak the strategy parameters and observe the results.  Reporting is good, and the tabs show you the profit performance of the strategy.

TradingView has a market replay functionality that enables you to play through the timeline and shows you the chart scrolling and the trades executed; it is simple and powerful to use.  All buy and sell orders are drawn on the chart and highlighted.  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. For Robotic Trading Automation Trade Ideas is the best.

TradingView Usability

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.

Video: Why I Think TradingView is the Best Stock Software

Related Article: 16% to 60% Epic Discounts on TradingView Pricing Plans

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2. Stock Rover: Winner Best Stock Analysis Software for Investors

Stock Rover is ideal for USA Value, Dividend & Growth investors seeking innovative fundamental stock analysis, screening, and portfolio management software.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. Using Stock Rover, I have created the Liberated Stock Trader Beat the Market Stock System.

I do not say this lightly. If you are a long-term US Investor, Stock Rover is the best & only software you ever need.

Stock Rover Pricing

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 Premium Plus costs $27.99 per month and includes unlimited stock ratings, scores, analyst ratings, margin of safety scoring, a 10-year historical database, and investor warnings.

Stock Rover Platform

Stock Rover runs on PC, Mac, Tablets, and Smartphones and requires zero installation; it simply works.  The market data, scoring, ranking, and analysis are only for the USA & Canadian markets.

• Zero client installation; very quick to setup
• Zero data downloads and data management are required on the local client device.
• Cross-device compatibility (PC, Mac, Tablet, Smartphone)

Stock Rover has the best implementation of stock screening, research and portfolio management on the market today.

Stock Rover Review Video

Get Stock Rover Now + 25% Discount

Stock Rover Portfolio Management

Stock Rover integrates with every major broker, including our review-winning broker, Firstrade, and Interactive Brokers. You cannot place trades from charts, but it will take care of profit & loss reporting on your portfolio and provide portfolio rebalancing recommendations. Stock Rover uniquely includes current dividend earnings and future income prediction reporting, making it a unique portfolio analysis platform.

What Does Stock Rover Do Best?

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.

Fundamental Stock & ETF Screening

Stock Rover scores perfectly in our screener testing, offering the most detailed stock and ETF financial data. Stock Rover has over 600 data points and historical data stretching back 10-years, enabling you to backtest fundamental strategies. Stock Rover also has unique Margin of Safety, Fair Value, and Discounted Cash Flow data to help you invest like Warren Buffett. Add the exclusive stock scoring systems, and Stock Rover is the best stock screener for the North American markets.

Watchlists have fundamentals broken into Analyst Estimates, Valuation, Dividends, Margin, Profitability, Overall Score, and Stock Rover Ratings.  You can even set the watchlist and filters to refresh every single minute if you wish.

Powerful Pre-Built Screeners Integrated into Stock Rover

Stock Rover already has over 150 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.

Stock Rover Warren Buffett Screener & Ratings.

This value stock screener is based on criteria described in the bestselling Buffettology book. The company should have a 10-year track record of generally increasing EPS with no negative earnings years; long-term debt, not more than five times annual earnings; average ROE over the past ten years at least 15%, average ROIC over the last ten years at least 12%, and earnings yield should be higher than the long term treasury yield. 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.

Stock Rover Research & Stock Ratings

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.  I have also selected the “Stock Rover Ratings” tab.  This “Stock Rover Ratings” tab rolls up all analysis into a simple-to-view ranking system, saving a vast amount of time and effort while providing a wealth of insight.

Stock Rover News Service

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.  If it is a priority for you, you can subscribe to Benzinga PRO News separately.  When it comes to social chat and community, there is no perceivable service within Stock Rover.

Stock Charting & Technical Analysis

Looking at stock charts with Stock Rover is different from all the other software vendors on the market.  Whereas MetaStock & TradingView focus on hundreds of technical analysis price/volume indicators, Stock Rover focuses on charting the fundamental financial strength indicators. 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 154 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.

Stock Rover Backtesting

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 packages. It is possible to backtest with Stock Rover; I have built the LST Beat the Market Growth Stocks Strategy exclusively for Stock Rover and used the software to backtest the system for the past eight years.

How to Beat the Stock Market With Stock Rover

I love Stock Rover so much that I spent 2 years creating a growth stock investing strategy that has outperformed the S&P 500 by 102% over the last eight years. I used Stock Rover's excellent backtesting, screening, and historical database to achieve this.

This Liberated Stock Trader Beat the Market Strategy (LST BTM) is built exclusively for Stock Rover Premium Plus Subscribers.

Is Stock Rover Easy to Use?

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 Summary

Stock Rover wins our stock market software review by providing the best software for value and income investors. A 10-year financials & fundamentals historical library plus incredible scanners, including Warren Buffett & Ben Graham’s favorite criteria. 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.

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3. Trade Ideas: Winner Best AI Stock Prediction Software

Trade Ideas is best for active day traders wanting AI-driven trading signals. Trade Ideas provides actual buy & sell signals for trades by performing millions of backtests per day on 70+ strategies. 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. Despite a complicated user interface, the real power lies underneath with 30 channels of trading ideas & three AI systems pinpointing trading signals for day traders. 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.

Trade Ideas Pricing

Trade Ideas Standard costs $118 per month, or you can save $348 by going for an annual subscription costing $1068, a 25% discount. Standard includes a live trading room, streaming trade ideas, 10 chart windows, trading from charts, and 500 price alerts.

• Live Trading Room: Get free access to the live trading room.
• Real-time Streaming Trade Ideas provides access to 40 pre-configured scans.
• Simultaneous Charts, the ability to have ten chart windows open.
• Chart Based Visual Trade Assistant enables you to trade directly from charts.
• Up to 500 Price Alerts to notify you when a stock meets your criteria.
• Channel Bar Curated Workspaces, access to 30+ channels of ideas.

Trade Ideas Premium costs significantly more than Standard service at $228 per month. You can save $468 by going for an annual subscription costing $2268. Premium provides the three Holly AI Systems, specific real-time trade signals, risk assessment, full backtesting, and integrated auto-trading.

Trade Ideas Premium features include:

• AI Virtual Trading Analyst Holly, three different constantly evolving AI algorithms
• Chart Based AI Trade Assistance for Buy and Sell Signals
• Risk Assessment, detailed information on the backtested performance of the recommended trade.
• Build and Backtest any Trade Idea with an intuitive point & click backtesting system.
• Autotrade Brokerage Plus and AI,  an advanced auto trading program using Interactive Brokers.

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.

The Trade Ideas Platform

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 98.

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.

Stock Scanning & Screening

At the heart of the trading platform is the Trade Ideas scanner system, which is unique in the industry. By clicking New -> Alerts, you get access to the Alert Config Window, which gives you immediate access to over 40 different trading scans. 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.

During testing, a particularly impressive and innovative scan was discovered; the “Unusual Social Mentions Scan.” The Trade Ideas AI engine constantly scans StockTwits for surges in mentions of particular stocks, so if you click load settings, you will be immediately presented with a real-time list of stocks spiking on social media.

Is Trade Ideas AI Profitable?

Trade Ideas’ impressive performance averaged 23% to 33% profit per year for the last three years without using leveraged trades. According to my calculations, Trade Ideas Holly Neo outperformed the S&P 500 index benchmark by 16%.

I compared $50,000 invested in the S&P 500 SPY ETF versus day trading with Trade Ideas’ three AI Bots to test this performance.

As you can see, Holly has outperformed the S&P 500 since 2019.  Interestingly Holly did not suffer the huge losses incurred in the S&P 500 during the Corona Crash from March to April 2020.

Technical Analysis

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. With Trade Ideas, you can use only four stock chart indicators: volume, moving averages, VWAP, and trendlines.

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.

Automated AI Stock Trading

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.

Is Trade Ideas Easy to Use?

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.

Trade Ideas Discount Coupon Code

As a partner of Trade Ideas, I requested a discount for all our readers. Use the discount code “Liberated” to get 15% off your first purchase, worth $340 when going for the premium service.

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4. Benzinga Pro: Best Stock Program for Trading Breaking News

Benzinga Pro is a unique stock program for trading real-time stock news. Designed for day traders, Benzinga Pro delivers real-time market-moving news to give you a trading edge. Additionally, a news squawk box, direct access to the news desk, and real-time charting and scanning complete the service.

Benzinga Pro Pricing & Software

Benzinga PRO costs $79 per month for the Basic Plan, which gives you real-time newsfeeds and watchlist alerts. Benzinga Pro Essential costs $117 per month, adding the Squawk Box, Calendars, Sentiment Indicators, and the Chat with Newsdesk functionality.

The stock program itself is stable and elegant, offering you the opportunity to set up multiple workspaces and monitors to suit your needs.  Benzinga is also adding new functionality all the time, and it is a platform that should grow with your needs.

Benzinga Pro Scanning & Screening

Benzinga Pro is the best for scanning and screening the news, but it can also screen for technical and fundamental data. Benzinga Pro has 32 different fundamental screening criteria, including P/E, PEG, Profitability, Margins, and Insider Ownership. There are also 23 market scanning criteria available, including volume change, relative volume, and short interest.

Benzinga Signals: Scanning for Block Trades, Options Activity & More

Another example of how Benzinga is continually innovating; the Signals setup creates a feed with block trade or price spike news that directly impacts a stock’s supply and demand balance at a foundational level.

Let’s take a look at a block trade. A block trade is a massive amount of stock either bought or sold.  Block trades impact price, and you have the option of taking part in that price move or not, depending on the direction of the trade.

Signals could be a trading strategy in itself.  Watch the block trades roll in, observe the direction, and make your trade.  See a colossal block trade sell, buy Put Options, see a block trade buy, buy calls.

Benzinga Pro News & Community

Real-Time Trading News – BZWire Access

Core to the Benzinga Pro service is access to the real-time newsfeed, which updates quickly and effectively.  The only news excluded in the basic package is the Securities & Exchange Commission (SEC) announcements and Public Relations (PR) newsfeeds.

Please do not underestimate the newsfeed; it is truly enormous.  But despite the depth of financial content being released every minute, the Benzinga Pro web-based applications are high-speed, responsive, and configurable. The configurable nature of the newsfeed is what makes the service so great.

I personally only want to see Market Moving Exclusives, Exclusives, Hot News, Market Updates & Tech, and they are readily selectable. There are 20 categories to choose from, and each type of news can be color-coded to match your requirements, including exclusives, Hot News, Market Moving News, Mergers & Acquisitions, and Options Signals.  For the full test of Benzinga, see the Benzinga Pro Review.

Newsfeed Alerts – Alarms On Specific Sectors Or Categories

You can also choose to be alerted to specific categories in your newsfeed.  For example, you can select to be alerted via email or a desktop pop-up and sound if any hot news or market-moving news is announced.  Any category can be flagged for alerts, so you do not need to watch the newsfeed continually; you can be trading and hear the alarm as a call to action.

Benzinga Pro Squawk Box & Newsdesk

Benzinga’s Squawk Box frees you from staring at the on-screen newsfeed by having the newsroom reporters read the latest high-impact news live as it hits the feed. Squawk is one of the biggest benefits of the Benzinga Pro Essentials service.

I have Squawk Box open while watching the markets, so I do not need to watch the screen constantly.  Every 2 minutes, a real-time audio feed announces the latest big news via my PC speakers; this service alone is worth the upgrade to Benzinga PRO Essential.

Imagine chatting directly with the analyst or reporter that submitted an article.  This feature allows you to do just that by directly questioning the Benzinga news desk to dive deep into your specific questions straight from the news hub. The news team also highlights what they believe to be important news via the sentiment indicators (only for Benzinga Pro Essential users).

Benzinga Pro Community

Benzinga Pro also has a very active user community, with eight live-chat channels and a Benzinga TV channel featuring Benzinga studios live broadcasts. Additionally, there is a special live chat stream for Benzinga’s Options Signals service to enable clients to pounce on Options pricing opportunities.

Benzinga Pro Technical Analysis

Benzinga Pro has dramatically improved its technical analysis charting over the past few years by integrating a cut-down version of TradingView (our review winner). The TradingView integration offers 120 indicators, real-time stocks charts, and seven chart types, including bars, candles, Heiken Ashi, Line, Area, and Baseline charts. You can now draw on charts and perform solid technical analysis.

Sentiment Indicators & Snapshots

Sentiment indicators are an excellent feature that allows you to see the sentiment of the analyst who submits the news item; you see this in the color of the ticker symbol; red is bearish, green is bullish; this is unique and a great asset.

Unique to Benzinga is the Security Snapshot View, essentially a summary of all the critical News, Fundamentals, and Charts.  It is designed to give you a clean, quick view of the whole picture for a given stock.  This includes all the core financial documents like balance sheets and important income statement information.

Backtesting & Automated Trading

The main functionality missing from Benzinga Pro is the ability to perform any backtesting or automated trading.  This trading software is not for algorithmic or system traders; it is designed to deliver tailored market-moving news fast.

Benzinga Pro Usability

I have been using Benzinga Pro for five years now; the news platform is exceptionally configurable and can run in multiple windows on multiple monitors. In the screenshot below, you can see how I have my Benzinga Pro interface configured.

• My Current Trades in the watchlist (middle white box)
• Important news Only – I have configured the top right columns in red to show me the important potentially market-moving news, which is a great feature.
• Instant Company Details Drill Down – Bottom Right for Financial News, Calendar & Charts
• Quick Access to Powerful Features – Stock Screener, Custom Alerts, Squawk Box, and Chat (Left-hand side)

Benzinga Pro is extremely powerful yet easy to use, which is often a delicate balance to strike, and to top it all off, they have also now added real-time price quotes to the service, so you can see when news breaks what the impact is on the stock price.

Is Benzinga Pro Worth It?

Yes, Benzinga Pro is worth buying for day traders and investors who want an actionable real-time news service, sentiment indicators, market scanning, and financial reporting to get a profitable edge in the market.

After using Benzinga Pro for five years, I can say the exclusive features like audio squawk box, chat to the newsdesk, and the powerful calendar suite, make Benzinga Pro worth it.

★ Bonus: Sign Up For This Service & Get 5 Exclusive Investing Strategy & Research eBooks Valued at $99 ★

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5. TrendSpider: Best Automated Stock Chart Analysis Software

TrendSpider is best for all traders seeking cutting-edge AI software that automates technical chart analysis, trendline & pattern recognition. TrendSpider has robust system backtesting, automated Fibonacci & Candlestick recognition covering Stocks, ETFs, Fx & Crypto Markets.

The TrendSpider team is innovating at breakneck speed, and the features they are innovating are unique to the industry with trendline automation, pattern recognition, and multi-timeframe analysis.

TrendSpider Pricing & Software

TrendSpider pricing starts at $44/mo for the Premium plan, Elite costs $87/mo, and Advanced costs $131/mo. Opting for a yearly subscription will reduce those costs by 16%, representing a significant saving.

All TrendSpider plans come with real-time data included, which can save you $12 per month. The Premium plan has multi-time-frame analysis and trendline pattern recognition for stocks, ETFs, currencies, and OTC markets, plus 25 alerts.

The Elite Trader Plan includes after-hours and pre-market data, OTC, Crypto, Forex, and Futures, plus 100 dynamic alerts and full backtesting, meaning you can apply the auto trendlines and multi time-frame analysis on many different markets.

The platform is built on HTML 5 and needs Zero installation and Zero data feed configuration.  The system runs on all platforms, from smartphones to PCs.

Automated Technical Analysis

Packed full of innovative technical analysis tools means that TrendSpider is catapulted to the top of this list.  If you are a serious market analyst, then TrendSpider will help you do the job quicker, with better quality, and help you not to miss an opportunity.

The automated trendline detection and plotting do a better job than a human can; using algorithms, the system can detect thousands of trends-lines and flag the most important ones with the highest backtested probability of success.

The automated trendline & candlestick detection and recognition do a better job than any human

TrendSpider’s multi-time-frame analysis means viewing multiple time-frame charts on a single chart with the trendlines plotted automatically.  Another great feature is the advanced plotting of support and resistance lines into a subtlely integrated chart heatmap.

6 Innovations Unique To TrendSpider:

1. Automated trendline detection and plotting do a better job than a human can; using algorithms, the system can detect thousands of trends-lines and flag the most important ones with the highest backtested probability of success.
2. Automated multi-time-frame analysis means viewing multiple time-frame charts on a single chart with the trendlines plotted automatically.
3. Advanced plotting of support and resistance lines into a chart heatmap.
4. Automated Fibonacci Detection & Mapping unique to TrendSpider
5. Integrated backtesting of automated trendlines, showing win rate, profitability, and drawdown.
6. Raindrop Charts are a unique and intuitive way to visualize volume profile or volume at price action.

TrendSpider has three big benefits:

1. It saves traders and professional analysts a lot of time and can provide an edge in the market.
2. It uses mathematics & AI to help traders spot trends they would have missed.
3. It helps beginners to learn how to draw trend lines.

TrendSpider Scanning

The latest innovation from the TrendSpider team is the market scanner, which enables you to scan a specific stock and the entire market for trades matching your technical criteria.  Combining AI trend detection and analysis with scanning the whole stock market is a unique advantage.

TrendSpider takes a different approach to backtesting. The platform is built from the ground up to detect trendlines and Fibonacci patterns automatically, meaning it already has backtesting built into the code. The highest probability trendlines are automatically flagged, and you can adjust the sensitivity of the algorithm that controls the detection to show more or fewer lines.

TrendSpider Backtesting

TrendSpider has also implemented a strategy tester that allows you to type what you want to test freely, and it will do the coding for you.  It is a smooth and straightforward implementation.

One of the elements I like is the ability to adjust your backtest conditions on the fly, and the “Price Behaviour Explorer” and “System Performance Chart” automatically update.   You can jump into coding if you want to, but the key here is that you do not HAVE to.

Integrated backtesting of automated trendlines, showing win-rate, profitability, and drawdown is a new addition and warmly welcome; the team has propelled TrendSpider into one of the leading technical analysis packages in the industry.

Is TrendSpider Easy to Use?

TrendSpider’s innovations mean you will need a little time to understand what they are telling you.  For example, seeing hourly, daily, weekly trend lines plotted on the same chart might be confusing at first. Still, after applying a little effort, you might find you cannot live without them—an excellent score on usability.

Is TrendSpider Worth It?

Yes, TrendSpider is worth buying if you are a stock trader who wants to utilize cutting-edge automation for technical stock chart analysis. The automated pattern recognition of trendlines, Fibonacci, and candlesticks, plus backtesting, make it a compelling proposition.

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6. Tickeron: Best Selection of AI Bots & Signals for Traders

Tickeron has impressive AI-powered chart pattern recognition and prediction algorithms for stocks, ETFs, Forex, and Cryptocurrencies. Tickeron excels at providing thematic model portfolios and specific pattern-based trading signals combined with success probability and AI confidence levels.

Tickeron’s trading platform is unique and innovative, combining artificial intelligence and human intelligence based on the community of traders, so you can compare what the humans think versus the machines.

Tickeron targets day traders, swing traders, and even investors with an intricate lineup of features and benefits specific to your investing style.

Tickeron is a wholly-owned subsidiary of SAS Global, a leader in data analytics whose services are used by the majority of fortune 500 companies. Tickeron uses AI rules to generate trading ideas based on pattern recognition. Firstly they use a database of technical analysis patterns to search the stock market for stocks that match those price patterns using their pattern search engine. Of course, each detected pattern has a backtested track record of success, and this pattern’s success is factored into the prediction using their Trend Prediction Engine.

To understand the platform, we first need to look at the pricing structure and what you get for your money.

Tickeron Pricing

Tickeron offers a free Beginner plan that enables portfolio creation, alerting, and AI investment ideas. The premium Tickeron plans are overly complex, with services aimed at swing traders, day traders, and investors. All plans have this in common, Intermediate One costs $50-100/mo, Intermediate Two costs $120-200/mo, and Expert costs $250/mo for access to all features.

Pattern Recognition

At the heart of Tickeron is the ability of its AI algorithms to spot 40 different stock chart patterns in real-time. You can select which pattern you want to trade, and it will filter stocks, forex, or cryptocurrencies that currently show the pattern. Patterns are split into bullish patterns for long trades or bearish patterns for those who wish to go short.

Tickeron’s real-time pattern recognition is particularly useful for swing traders or day traders where market timing is the number one priority. Tickeron also has the ability to scan the entire market and suggest which patterns are working best on a particular day. In the screenshot above, you can see “Today’s Top Ranked Patterns,” which rates the potential success of the patterns based on the market’s current trading activity.

Ultimately pattern recognition saves pattern traders a lot of work hunting for potential trade setups because it does all of the work for them.

Trading Signals & Prediction

Tickeron has implemented a powerful feature called AI Confidence level. Based on the history of the stock, the success rate of a particular pattern, and the market’s current direction, Tickeron can assign a confidence level to a trade prediction.

In the screenshot below, you can see that the Tickeron AI predicts that ABUS has an 88% chance of declining in value and ACET has an 81% chance of increasing in value.

The outstanding feature with the Tickeron prediction engine is that you can simply click “Show previous predictions” to check if the Ai has done a good job in the past, with a particular pattern on specific stocks. The prediction engine provides the right level of clarity and granularity so you can make informed trading decisions.

Tickeron Screening

Screening with Tickeron is rather limited compared to the competition. Tickeron can find you stocks based on industry, sector, market capitalization, or even technical buy and sell ratings. But if you want to perform specific screening for value, dividend, or growth stocks, Tickeron is of little use.

Tickeron is designed to find high probability trading opportunities, not for long-term investors wishing to build a sustainable portfolio. If you are a long-term investor, I recommend Stock Rover.

Tickeron AI vs. Human Intelligence

A unique feature in Tickeron is the ability to compare the AI prediction engine forecast versus what the community predicts. The image above shows that 58% of the community believes Bank of America will increase in price. This is a fascinating insight, and I look forward to Tickeron publishing research on the accuracy of human prediction versus artificial intelligence algorithms.

Is Tickeron Worth The Money?

Tickeron is worth buying if you are a short-term trader because it provides high probability AI backtested trade signals. I recommend a trading account value of over $25K to quality for active pattern day trading.

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7. Portfolio 123: Excellent Screening & Backtesting for Investors

My testing of Portfolio123 shows impressive stock screening, software with a robust financial database, and integrated commission-free trading with Tradier. Portfolio123 can be used by income, value, and growth investors but is also advantageous for swing traders.

Portfolio123 covers stocks, fixed income, and ETFs on US & Canadian exchanges, so it is unsuitable for international stock investors. With Portfolio123, you can design a real-time trading strategy, fully automated with a broker, that will hold the stocks that pass your screen and sell those that don’t.

Portfolio123 Pricing

Portfolio123 pricing starts at $0 for the Free plan, Screener costs $25/mo, and Pro costs $83/mo. You can have Portfolio123 for free; however, the real power of Portfolio123 is unleashed with the Screener and Pro service. Their Screener and Pro service pricing is in-line with competition and competitive considering the benefits on offer.

Portfolio123 Software

Portfolio123 runs on PC, Mac, Tablets, and Smartphones and requires zero installation; it simply works. The market data, scoring, ranking, and analysis are only for the USA & Canadian markets. When you register with Portfolio123 and log in, you are greeted with the dashboard, which gives you an instant market performance breakdown, but more importantly, shows you your portfolio performance.

Portfolio Management

With Portfolio123, you get tight broker integration Tradier and Interactive Brokers. You cannot place trades from charts, but you can automate trading based on rules or issue bulk traders, plus Portfolio123 will take care of profit & loss reporting.

Screening

The Portfolio123 screener allows you to filter 10,000+ stocks and 44,000 ETFs to help you find the investments or trades that match your exact criteria. Portfolio123 also has ranked screening which enables you to rank the stocks that best match your criteria, filtering a list from hundreds of stocks to a handful. You can also define your custom universes, setting the macro criteria for which stocks are included in the sample.

Most ideas you have based on fundamentals will be covered with over 225 data points. Portfolio123 has 460 criteria, including analyst revisions and estimates and technical data.

You can also use Portfolio123 to screen stocks on their performance relative to the S&P500 or any other benchmark, meaning you could develop a strategy to select stocks based on their historical performance versus the market.

The number of factors available for screening is impressive. Not only can you screen based on reliable information from a company’s financial reports, but you can access technical factors, create your factors using period and announcement dates, eliminate stocks with high bid-ask spreads, limit your screen to stocks in a certain industry or sector, rank factors against other stocks in an industry or sector, and change your factor balance depending on economic conditions.

Building your Portfolio123 screener is theoretically easy; select Research -> Screens, and you can start to play. No programming skills are required to build a Portfolio123 screener, but basic coding will certainly help. If you want to create more powerful screening rules, you will need to spend significant time studying the coding logic and understanding the proprietary criteria names.

Portfolio123 Backtesting

Portfolio123’s backtesting engine is where the software shines. Expertly implemented, fast, and extremely configurable, Portfolio123 has the best backtesting service for people serious about testing fundamental strategies.

Portfolio123 enables you to be very granular in how you set up your backtest, with entry rules, slippage, weighing, rebalance frequency, and custom timeframes.

The Portfolio123 screener is built to make users test not just pre-built concepts but all sorts of hypotheses. You can use your own universe, rank with your multi-factor rank, and run backtests or rolling backtests.

The Portfolio123 screener relies on great data, and they have been working hard to overcome the pitfalls of financial data such as N/A numbers in sparse preliminary reports. Our pre-built factors handle N/A’s efficiently and use alternate algorithms to come up with the best possible result. In a nutshell, great data isn’t an overnight project; they’ve been working on data since 2004.

The image below shows the LiberatedStockTrader screener I developed in the previous section. I backtested the screener for two years to see how it performs historically. In this particular timeframe, my screener beat the market, returning 70.5% versus the S&P500’s 52%.

Pre-Built Screeners

Portfolio123 has over 76 pre-built screeners that you can import and use. You need to have the Screener subscription plan service to take advantage of this. I have personally reviewed many of them, and they are very thoughtfully built. One of my favorites is the “Small Cap Winners” screener.

The Small-Cap Winner strategy had a 5-year return of 189% versus the Russell 2000 return of 58%, very impressive.

The Small-Cap Winner strategy “attempts to balance growth, value, quality, and sentiment factors, using ones that have worked well for small-cap stocks. It has high turnover as it relies a great deal on the most recent quarterly earnings announcements and, via sentiment ranking, analyst estimates and recommendations”.

Stock Charting & Technical Analysis

Looking at stock charts with Portfolio123 is different from all the other software vendors on the market. Whereas MetaStock & TradingView focuses on hundreds of technical analysis (price/volume) indicators, Portfolio123 focuses on charting the fundamental financial strength indicators.

With over 160 different financial indicators and only two technical analysis indicators, Portfolio123 is not the best technical analysis or frequent trading charting service. Still, it is the complete package for fundamental income, growth, and value investors. There are no possibilities to draw trendlines or annotate charts in Portfolio123.

Is Portfolio 123 Worth It?

Portfolio123 is an excellent screening and backtesting platform ideal for swing traders and medium-term growth investors. An incredible selection of fundamental criteria, a 20-year financial database, plus the most powerful financial backtesting engine makes Portfolio123 a great choice for experienced stock system developers.

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8. MetaStock: Best Stock Program for Backtesting & Forecasting

MetaStock is best for stock traders who need real-time news, access to a huge stock systems marketplace, and the best technical stock chart analysis, backtesting, and forecasting. All international exchanges are covered & backed up with excellent customer services.

The latest release of Metastock is a big hit with improvements across the board. Considerable advances in scanning, backtesting, and forecasting make this one of the best offerings on the market.

MetaStock Pricing & Software

MetaStock pricing starts at $59/mo for MetaStock D/C daily charts, providing end-of-day data and the full analysis services. MetaStock R/T costs $100/mo and adds real-time data, news, and powerful global fundamental screening.

For traders performing chart analysis and backtesting on end-of-day data, MetaStock D/C is a good option. Demanding traders will opt for MetaStock R/T because it is the most powerful trading solution outside of a Bloomberg terminal, which costs ten times the price.

MetaStock R/T includes the Xenith platform in the price, which means you get real-time data, news, and fundamentals powered by Refinitiv for $100/mo. Refinitiv is the gold standard of international financial data worth $29 billion and is a subsidiary of the London Stock Exchange.

MetaStock is designed as a broker agnostic technical analysis platform. It does provide limited broker integration, but the execution of trades from charts and live integrated profit and loss analysis of your live portfolio is limited.

MetaStock Scanning & Screening

Using MetaStock R/T, you can see an incredibly in-depth analysis of company fundamentals from debt structure to top ten investors, including level II.  Excellent watchlists featuring company financials and powerful scanning of the markets make MetaStock unique.

MetaStock Real-time News

MetaStock R/T Refinitiv integration means you get institutional quality real-time news, analysis, research, and economic outlooks.  Refinitiv is the fastest global news service available in the industry. For international investors, MetaStock is unique because the news is also translated into all major languages.

MetaStock Technical Chart Analysis

MetaStock has over 350 stock tools for charting, annotation, drawing trendlines and indicators; the broadest selection of technical analysis tools on the market today. MetaStock is the clear leader in pure technical analysis of stock charts; it includes Point & Figure and Market Profile Charts, meaning it has the best stock trading charts.

Innovative additions to MetaStock, like Foreign Exchange forecasting based on market sentiment, are exceptional. This makes MetaStock our recommendation for the best technical chart analysis software.

MetaStock Systems & Backtesting

Another area where MetaStock excels is what they call “Expert Advisors.” MetaStock harnesses many inbuilt systems to help you understand and profit from technical analysis patterns and well-researched systems.  This is a unique differentiator from the competition.  The most significant addition to the MetaStock arsenal is the forecasting functionality, which sets it apart from the crowd.

MetaStock has over 100 computerized stock market systems called Expert Advisors. These programs scan stock charts for a system’s targeted conditions. The Expert Advisor systems, either in-built or as 3rd part add-ons, will help you understand and profit from technical analysis patterns in price and volume. This is a unique differentiator from the competition.

You can even use artificial intelligence-like functionality to test a set of variables within your backtesting.  For example, you can use the “Fuzzy Logic” program to test your stock system against many different variations of your criteria to see which variables work best for this stock. Fuzzy logic is an incredibly powerful feature that is often overlooked with MetaStock.

The most significant addition to the MetaStock arsenal is the forecasting functionality, which sets it apart from the crowd.

MetaStock Forecaster Capability

The most significant MetaStock innovation is the forecasting functionality, which does not exist with any other software.  By selecting Forecaster from the power console, you can simply choose one or more stocks, ETF,s or Forex pairs and click forecast. You are then presented with an interactive report which enables you to scan through the many predictive recognizers, which help you understand the basis for the prediction and the methodology.

Is MetaStock Easy to Use?

No, MetaStock is not easy to use because it feels like a collection of separately developed applications that require user education to make them work together.  However, the vast selection of automated “expert advisors” you can deploy on the range of stocks in your purview makes MetaStock well worth the time to learn.

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9. TC2000: Best Stock Trading from Charts Software USA

TC2000 is best for US and Canadian traders seeking rapid entire market scanning and screening, with excellent charts & indicators. TC2000 has an integrated brokerage, meaning you can trade stocks and options directly from charts.

TC2000 has long been one of my favorite tools; I have been a subscriber for over 20 years and find the latest release another step forward.  Endlessly customizable and scalable, the platform offers nearly everything a trader will need.

TC2000 Pricing & Software

TC2000 is a slick and powerful technical analysis platform, enabling entire US market scanning and screening for fundamentals and technical analysis. You can use the huge library of available indicators and create your custom indicators and conditions without coding.

TC2000 runs on your iPhone, Tablet, Mac, or PC.  The service is available for free so that you can try it out. The real power of TC2000 is unleashed with the gold service, which costs $29.99/m or $24.99/m with an annual contract. TC2000 is a great solution if you trade US stocks, ETFs, or Options.

TC2000 Trade Management

The TC2000Brokerage offers stock trades at $4.95 per trade, which is quite expensive, but it does mean TC2000 has a tight integration for trading stocks from the chart and has good stock options trading visualization. TC2000 is one of the best Stock Options analysis software programs, allowing you to scan and build options strategies seamlessly. You can scan on gamma, delta, expiration, options spread, and even short interest.

TC2000 Scanning and Screening

If you want fundamentals screened in real-time layered with technical screens integrated into live watch lists connected to your charts, TC2000 is a power player. TC2000 Easyscan can be set up with a few clicks, and you do not need any coding experience.

TC2000 News & Social Community

While TC2000 does not have a perceivable real-time news element, it does have integrated news with connections to Google Finance, CNN, Yahoo Finance, MSN Money, Marketwatch, and StockTwits.  If you want social community and integrated news, you will need to roll back to TC2000 v12.5.

TC2000 Technical Chart Analysis

TC2000 has an excellent array of technical indicators and drawing tools; all the big ones are there, from OBV, RSI, and Bollinger Bands to Fibonacci Fans and Andrews Pitchfork.  With over 70 different indicators, you will have plenty to play with.  They have also introduced live alerts that you can configure to email or pop up if an indicator or trend line is breached; very useful indeed.

If you want to perform powerful backtesting, then TC2000 is not for you.  You may be able to utilize the add-on product called StockFinder if you are a Platinum Member, and you specifically call support to ask for it.  However, StockFinder is no longer in active development, which is a shame because I think it was a very good backtesting suite.

Is TC2000 Easy to Use?

Yes, TC2000 is incredibly easy to use, which masks the power of the software. You will be up and running quickly and feel productive in minutes. TC2000 also has a support desk located in the USA and is one of the few vendors you can call by phone and speak with a real person.

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10. VectorVest: Scanning & Market Timing Stock Trading Software

VectorVest helps simplify market timing by providing buy and sell ratings on stocks in the US, Australia, and Europe. But beware, some customers complain about data integrity.

VectorVest has three tiers of service. Basic $69/m, Enhanced $89/m, and Premium $129/m. The basic service is missing much of the benefits of VectorVest. I would recommend the enhanced service, good for investors, or the Premium for those who want to swing or day trade.

In terms of pricing, Vectorvest is neither expensive nor cheap; it sits in the middle. It does not compete with TradingView, MetaStock, or TrendSpider, which offer incredible value for money.

Trade Management and Screening

VectorVest software is straightforward to use because it is designed to promote the Value, Safety, and Timing system. This means they have a minimal variety of stock market indicators; they provide only what is needed to trade within their VST system parameters.

VectorVest continually evaluates every stock on the exchanges they cover to provide their propriety ratings.

• RV Relative Value shows the estimated return versus a AAA Corporate Bond.
• RS Relative Safety measures the consistency of a companies financials.
• RT Relative Timing is a technical indicator that attempts to define the short-term trend of a stock.
• VST Value-Safety Timing indicator is an aggregation of RV, RS, and RT, essentially rolled up into one number.

VectorVest News & Social

VectorVest does not have specific features to enable social chat or community within the software.  They do, however, provide a weekly market update to subscribers; these are available on youtube. Some customers complain about the cost of the training courses available through VectorVest and the constant focus of VectorVest trying to sell the courses and add-on products.

Vectorvest Technical Analysis

VectorVest has 20 technical indicators and drawing tools, including trendlines, Gann, Fibonacci, moving averages, momentum, RSI, and Stochastics. VectorVest’s chart analysis selection is very poor compared to other stock analysis software.

If you are an experienced technical analyst who wants to perform detailed charting analysis, you may need to look at MetaStock with 300+ indicators or TradingView with 160+ indicators.

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Stock Software Rankings by Category

Best Stock Trading Platforms Ranked

1. TradingView: Best for Global Stock Crypto & Forex Trading from Charts
2. Trade Ideas: Best AI Stock Market-Beating Trading Signals USA
3. Benzinga Pro: Best for Trading Real-time Breaking News
4. TC2000: Best for Trading Stocks & Options From Charts USA
5. Tickeron: Best for Broad Selection of AI Robots
6. Stock Rover: Best for Stock Research, Screening & Portfolio Mgt

View the entire 15 Stock Market Software Platforms Comparison & Results Tables

Best Stock Investing Software Ranked

1. Stock Rover: Winner Best Stock Screener & Fundamental Analysis Software
2. TradingView: Best for Screening & Analysis of Stocks, ETFs, Fx & Cryptocurrency
3. MetaStock: Best for Institutional Grade Financial Analysis & Screening
4. TC2000: Best for Real-time Market Technical & Fundamental Scanning USA

Best Technical Chart Analysis Software Ranked

1. MetaStock: Best Selection of Charts & Indicators
2. TradingView: Powerful Stock Charts & Indicators
3. TrendSpider: Best for AI Automated Technical Analysis
4. TC2000: Good Charting & Scanning

Best Stock Market Prediction Software

1. Trade Ideas: Proven AI-Driven Trade Prediction Signals
2. MetaStock: Excellent Market Forecasting & Backtesting
3. TradingView: Powerful Pine Script Backtesting
4. Tickeron: 40 Chart Patterns & Predictions
5. TrendSpider: AI Chart Patterns & Backtesting

Best Stock Trading Platforms for Beginners

1. TradingView: Best Stock App & Community for Beginners
2. Stock Rover: Best for Beginner Investors
3. TC2000: Built-in Templates Get Beginners Up & Running
4. TrendSpider: Automated Charting Ensures a Good Experience

What is the Best Computer for Stock Trading?

You do not need a powerful computer to trade stocks as modern stock software runs in the cloud, relieving the burden of processing from your PC. However, if you run trading software on your PC and process a lot of data locally with software like MetaStock or Optuma, you will need the latest generation of processors. I do, however, recommend multiple monitor screens for all stock trading.

So now it’s over to you. Did you find this review useful, do you agree or disagree, have you found better software to be included in the review? 

Let us know, leave a comment below, or share it with friends.

Notes on the Review: Liberated Stock Trader partners with the best companies in the investing business.  See our Partners Page for more information.

If you’re a self-directed investor, you probably already know the importance of stock analysis software. But if you plan to become a self-directed investor, you’ll need to cut your teeth on stock analysis software to help you up your game and improve your investing profits.

The best way to start is with free stock analysis software. That’ll give you an opportunity to find your way around the often complicated world of investment tools, features, and resources. And if you don’t like the free stock analysis software you’re working with now, you can always switch to another until you find the one that works best for you. After all, since they’re free you can just move on to the next one.

What is Stock Analysis Software?

Stock analysis software helps you to track the technical factors surrounding security, a commodity, or even an index. If you have a specific trading strategy that relies on certain metrics, the software can help you react faster than if you were to manually research it.

If you are a buy-and-hold investor, stock analysis is not nearly as critical as it would be if you were a frequent trader but it’s still important. Buy-and-hold investors may not need real-time information but even then you want to be able to research the fundamentals of a company. That may include its long-term revenue growth, profit growth, market share, future prospects, and other factors that may make a company a good long-term bet.

But shorter-term traders focus primarily on technical factors. Since a short-term trader hopes to buy and sell securities at important price points, the success of the strategy relies heavily on security price levels. This is where the “buy low, sell high” rule becomes especially important. Technical analysis attempts to identify certain predictable price patterns that present trading opportunities to generate short-term profits.

Though stock analysis software can be useful for a buy-and-hold investor, it’s virtually mission-critical for short-term traders. Its purpose is to help short-term traders identify those price patterns to be able to buy in at the right moment and sell at the optimum to maximize profits.

Stock analysis software is a combination of tools and resources that enable you to analyze past performance and – hopefully – forecast likely price changes based on dozens of individual indicators. You’ll incorporate the information with real-time data, which will help you to determine patterns and trading opportunities.

Why Do You Need Stock Analysis Software?

With the advent of computerized trading, actively trading stocks is probably more popular now than ever before.  The average investor has more information available on the Internet than even brokers had just a few decades ago.

The problem however is that the volume of information and news has made it more difficult than ever to put it all together and process it in an actionable way – which is exactly why we need stock analysis software. It enables a trader to analyze literally hundreds of data points to help identify profitable trades.

And stock analysis is different than just running a stock screener on a few different factors – you want something a bit more detailed than a simple filter.

What to Look for in Stock Analysis Software

Real-time analysis: It feels silly to put down but you need real-time data and analysis – delayed information isn’t nearly as helpful when you want to make quick decisions. The worst is when you read an analyst report that’s a year old – the world has changed too much since then!

Easy to use: The software must be easy to use. After all, the best technical information in the world is useless if it can’t be easily interpreted and acted upon. That requires a good interface, which translates into simplicity and speed. Software that’s complicated and clunky is close to useless because it will cause time delays that may make specific trades less profitable.

Customizable: The software should also be customizable, so you can modify any charts to fit your specific trading needs. It’s unlikely there is any software available that’s so perfect that it will work for all or even most investors. That’s why customization is a primary quality in determining the usability of the software.

The payoff? If you find the right software, the one that works best for you, you should begin to see a positive result in your investments.

Features Typically Included in Stock Analysis Software

The central feature in stock analysis software is the stock chart. Stock charts provide visual representations of a variety of stock data, including pricing and trading volume. At a minimum, a chart should display the price data, including changes, on a line graph. Advanced charting tools enable you to add additional features and indicators to help you better understand the trading activity for a particular stock or even a market index.

For example, more advanced tools may incorporate price momentum, market sentiments, and even social media buzz into your analysis. All can help to identify important trends that simple price tracking doesn’t fully provide.

That said, it is important to realize that true market timing is impossible to capture even with the best stock analysis software. You need to approach technical analysis with the right mindset and expectations. The best software will enable you to take advantage of trends – most of the time – it will be extremely rare to buy at a recent market bottom, as well as sell at the latest market top.

With that in mind, some important technical indicators that stock analysis software should be able to track are:

Relative Strength Index (RSI): This is the number of up days compared to the number of down days. It can indicate if a stock is overbought, which might be a good time to sell, or if it’s oversold and ready to pop back up. RSI is assigned a value of between zero and 100 (greater than 70 means overbought and lower than 30 generally means oversold). Learn more about RSI here. 

On-Balance Volume (OBV): This metric measures uptrend volume compared to downtrend volume. What you’re attempting to determine is the conviction of the market of the security price at a certain level. For example, low down trend volume can indicate a security is about to turn higher. By contrast, low uptrend volume can indicate a lack of conviction about the direction of security, and signal a price reversal.

Moving Averages: This metric tracks the 200-day moving average of a security. There’s also a 50-day moving average, which tracks the recent price action over a shorter timeframe. Typically, when the two averages converge it confirms the trend, which can indicate either a buy or sell signal. For example, when the 50-day moving average for a stock falls below the 200-day moving average, it’s a sell signal. When it rises above the 200-day moving average, it’s a buy signal.

Moving Average Convergence/Divergence (MACD). This is an oscillator indicator that indicates trend and momentum in an attempt to determine stronger buying or selling signals. It can provide more clarification of a trading signal when other indicators are not providing clear direction. Using zero as a baseline, MACD lines greater than zero indicate a potential buying opportunity, while lines below zero can indicate a time to sell. Learn more about this indicator here. 

Premium Versions of Free Plans are One of the Most Important Features

Though it’s not technically a feature, we’ve emphasized free stock analysis software that also provide premium services. As you move forward in your trading activities and become even more active, you’ll need a stock analysis software that will be able to accommodate what will eventually become a greater personal need for tools and resources. Even though you may not be interested in paying for stock analysis software now, it’s likely the day will come when you’ll be more than willing.

If paying a couple of hundred dollars per year for a premium stock analysis software will increase your trading profits by several thousand dollars, rest assured you’ll be glad to pay the price. Free stock analysis software tends to work best for new traders, which will only be a temporary situation. As you expand your own trading activities, it’s likely you’ll eventually recognize the limits of the free versions. When that happens, you’ll be open to premium versions, many of which offer practically limitless features.

Most of the free stock analysis software in our list of the nine best free stock analysis software below offer several premium plan levels (usually three). That’ll be just as important because you’ll eventually find that while the lowest-cost premium plan will work for a while, it’ll just be a question of time before you be ready to move up to a more advanced version.

Once again, as your profits grow, your willingness to spend some money on more advanced tools will grow as well. It’s a form of investing in yourself, especially if you plan for stock trading to be a major source of your income and wealth-building strategy.

If you want to jump directly into paid services you can check out our list here. 

11 Best Free Stock Analysis Software

Most brokerage firms offer some level of stock analysis tools, features, and resources. But if you’re looking for services that specialize in stock analysis software, consider one of the following ten services:

Seeking Alpha

A free Seeking Alpha membership offers a handful of stock research tools and market commentary.

Your research tools include:

• Historical price chart
• Financial metrics (i.e., revenue, valuation, growth, and dividends)
• Conference call transcripts 
• Bullish and bearish analysis articles from independent contributors
• Portfolio tracker

The platform also publishes several free newsletters that can present different stock and ETF ideas along with related market headlines. However, this free content doesn’t provide the same quality of research as a paid newsletter. 

As a result, you need a Premium membership ($19.99 monthly after a 14-day free trial) to perform an in-depth analysis of potential investments and your current positions.

For example, the platform provides proprietary Quant Ratings that assign a bullish, bearish, or neutral score for several factors that make it easier to screen potential investments. Your premium membership also lets you access a stock screener, read unlimited articles, and access the author ratings.

The free version of Seeking Alpha is sufficient for performing basic research and provides more details than a barebones investing app. You may also appreciate the analysis articles from contributors to get a second opinion on a few stocks each month.

Upgrading to a paid subscription is a necessity if you intend on reading the articles or using the rating tools on a daily or weekly basis.

This service offers more market commentary than most and you can discover details that may not be in a high-level article or press release on competing sites. For more info on the service, check out our Seeking Alpha review.

Stock Rover

Stock Rover unapologetically described itself as “simply the best investment research platform on the web”. While we don’t necessarily agree that it’s THE absolute best, it’s certainly in the top tier of the field. Although they offer four paid versions, they also have a free version – Stock Rover Free.

The service provides comprehensive information on more than 8,500 North American stocks, plus over 4,000 exchange-traded funds and – incredibly – 40,000 mutual funds. And in a feature you wouldn’t expect to find in free stock analysis software, Stock Rover Free also provides portfolio management and brokerage integration for automated syncing of your portfolios.

You’ll also find multiple charting capabilities, as well as daily analyst ratings and analyst rankings, and in-depth market news, including news on individual companies.

One of the best features of Stock Rover is the ability to trade up to the premium plans if you decide you like the free version but want to take advantage of the many investment tools each plan offers.

For example, by signing up for Stock Rover Essentials, at just $7.99 per month, you’ll have all the features of the Free version, plus fully customizable financial columns, over 260 metrics with five years of detailed historical data, portfolio and watchlist tracking, the full support from the technical team, and access to the Stock Rover Library and guru portfolios, advanced screeners, and other tools.

If this interests you, read our thorough review of Stock Rover for more.

StockCharts.com

StockCharts.com describes itself as “the web’s most advanced, interactive financial charting platform, designed to transform the way you see the markets”. It doesn’t seem that claim is an exaggeration. It provides real-time charting and the industry’s best technical tools and resources on your desktop, laptop, smartphone, or tablet. It’s designed to serve both active and passive traders with advanced scanning tools, award-winning charting and annotation tools, the ability to track your positions and your entire portfolio with ChartLists, and provides custom technical alerts to help you enter or exit your position that the best time.

StockCharts.com offers four different plans, including a free version and three premium plans.

The free version is pretty basic, offering three technical indicators per chart and three technical overlays per chart. The maximum chart width is 900 px. It also comes with the company’s free data plan, which uses BATS real-time data for US markets and delayed data for international markets.

But without a doubt, the free plan is just to whet your appetite for the premium plans, which have a lot more punch. The Basic, Extra and PRO plans run from $14.95 per month to $39.95 per month, but each offers 25 technical indicators and overlays, as well as intraday charting, saved chart storage, saved chart annotations, auto-fresh interval, historical price data back to 1980 (or even 1900 for the PRO plan) and 350 ChartLists per account.

TradingView

One of the major benefits with TradingView is that it can work for either a beginner or an advanced trader. It doesn’t matter which you are, it provides all the information, tools, and screening capabilities required by investors at all levels. It also offers an important networking capability so you can swap trading stories and get information and tips from other participants on the platform. TradingView is available for both desktop and mobile devices.

Research and information are available on companies trading on stock exchanges around the world. And it will all be delivered in real-time.

One of the advantages of this service is that there’s nothing to download. You can open it in your browser and begin using it immediately. That’ll give you access to the stock screeners and customized technical analysis, including over 100 pre-built studies offering in-depth market analysis. And if you’re interested in Bitcoin, TradingView provides tracking of that cryptocurrency in real-time.

Like other stock analysis software on this list, TradingView also offers premium editions as well as the free version. There are three premium versions, Pro, Pro+, and Premium, with monthly subscription fees ranging from $14.95 to $59.95. Each offers progressively more services and features than the one before it.

Finviz

Finviz is a stock analysis software and screener tool that offers both a free version and a premium edition, Finviz Elite. That means if you’re happy with the free version, you will always have the option to trade up to the premium edition, with its greatly expanded menu of features, tools and services.

The free version is admittedly limited, since it offers only delayed quotes, charts and screen capabilities. For example, groups and maps will take up to five minutes to be available. Also, you’ll be limited to 10 tables and 36 charts. However, if you register for the free account, you’ll be able to track up to 50 portfolios and as many as 50 tickets for each portfolio as well as those the stock screener presets.

Yahoo Finance

Yahoo Finance is simpler than most of the other stock analysis software on this list, but it is free and the fairly limited range of services may be all you’re looking for in your investment activities. And as a very active investment website, Yahoo Finance is, not surprisingly, very popular among investors. In fact, it may be the perfect stock analysis software for new investors.

The platform offers well over 100 technical indicators, as well as real-time quotes and charts. But what may be most remarkable is that you can trade stocks from the charts. You won’t actually be making the trades through Yahoo Finance itself, but through its partnership with a service called Trade.it, that transmits trade requests to popular brokerage firms.

TC2000

TC2000 has rolled out its Version 20, as the fastest and most stable version ever, and with new features, including premarket buzz, historical condition testing, color bars, synchronized chart and scan time frames, and much more.

They have a feature called condition wizard, which they claim, “if you can think it, you can build a condition for any indicator, step-by-step”. They offer a stock and options screener, options, charting, watchlist, built-in option strategies, option profit and loss zones, alerts and reminders, custom layouts (which begin with eight predesigned layouts that can be customized), and even a personal journal.

And whether you’re a new investor or a beginner, you’ll appreciate that the service comes with unlimited practice free of charge. That includes a fully functional trading simulator where you can practice and learn the platform.

They promise you won’t even need to put a credit card on file, though they do offer their premium Silver, Gold, and Platinum plans ranging from $9.99 per month to $89.98 per month, with greatly increased features and capabilities.

CNN Money

We couldn’t get a viable video on CNN Money, whether a tutorial or an independent review. But it still rates a position on our list of the best free stock analysis software. After all, CNN Money is one of the leading sources of investment information, and a natural choice for stock analysis software.

Much like Yahoo Finance, CNN Money is a fairly simple platform. From the homepage, you can access information from stocks on exchanges from around the globe. They’ll also provide updated information on each, as well as breaking market news and other news developments that will affect your investing activities.

It’s free and simple to use, which may make it another stock analysis software that’s highly recommended for new investors looking to cut their teeth on basic investment analysis.

Robinhood

Robinhood has been sweeping – and disrupting – the investment universe, originally by being one of the first brokerage services to offer commission-free trades. But they’ve expanded their menu of services, and now offer one of the most generous margin trading capabilities of any company in the industry.

Robinhood is an investment app designed with mobile users in mind and is very popular among young, tech-savvy investors. The trading platform is quite basic, and generally light on investment tools and research.

But it’s still an excellent trading app for new and self-directed investors, particularly if you also want to invest in cryptocurrencies. Robinhood may even be the only brokerage firm that also allows you to trade cryptos.

Though it has nothing to do with stock analysis software, you may be interested to know that Robinhood also offers its Robinhood Cash feature, currently paying 0.30% APY on your uninterested cash. And unlike the other stock analysis software on this list, Robinhood is a brokerage service where you can trade on the information and tools available right on the platform.

Here’s our full review of Robinhood.

NinjaTrader

NinjaTrader is designed mainly for futures and options trading, but they offer free use of advanced charting, back testing and trade simulation. But it’s also a brokerage firm that enables you to trade with as little as $400, and it looks like you need to open a brokerage account to gain access to the platform.

But if you do, it offers thousands of apps and add-ons, including trading software and trading indicators and – if you are a developer – you can build integrated indicators, drawing tools, automated strategies and much more. Advanced charting provides you with the ability to trade directly from your chart. You can also use order flow, volumetric bars and market-to-confirm movement in a specific direction.

NinjaTrader comes with real-time analysis of hundreds of markets, as well as advanced alerting capabilities that can trigger custom notifications, social media sharing and orders based on analysis. The platform also uses third-party trading indicators and apps built specifically for NinjaTrader, and once again, unlimited simulated trading so you can simulate automated trading strategies on historical data and analyze their past performance.

Benzinga Pro

Designed primarily for active traders, Benzinga Pro offers real-time information and tools to identify pending investment opportunities. Like other stock analysis software in this guide, Benzinga Pro offers premium service plans, but also a free version. The free version gives you the following:

• 15-minute delayed NASDAQ quotes
• BZ Wire Newsfeed (only search, no filters)
• A stock watchlist
• Major movers in the current day’s session
• Detail tool with key stocks stats

The watchlist can be used to keep track of stocks, including current positions and potential trades you’re interested in tracking. The list updates in real-time and includes multiple basic price-related metrics. There is no limit to the number of watchlists you can create. You can even set up customized watchlist alerts to be delivered by email.

Beyond the free version, Benzinga Pro has four different premium plans, ranging from $27 per month to as high as $347 per month. The advantage is that you can start with the free plan, then stairstep to the premium plans as your portfolio and investment knowledge grow. Find out more in our Benzinga Pro Review.

Which Free Stock Analysis Software Should You Choose?

With all the options and free stock analysis software available – as well as a suite provided by your current broker – it can be confusing knowing which one to choose. We’ve rated them in the order we believe to represent the best services available. But you’ll need to choose one that will work best for you – the best free stock analysis software available may not be the right choice for you. For example, you won’t be interested in stock analysis software that specializes in futures and options if you don’t trade in those areas.

The best recommendation is to choose the free stock analysis software that looks to be the best for you. The advantage is that since they are all free, you’ll have an opportunity to “test drive” several before settling on the platform you like best.

But you should also carefully consider the premium plans offered by each. If you plan to be an active trader it’s likely you’ll eventually want to trade up to a more advanced service. Your comfort level with a platform matters, so it’s nice to know you can upgrade at any time.

Under the best of all outcomes, you’ll be able to select a stock analysis software that will grow with your own investing activities.

Everyone dreams of making millions trading the stock market. We all saw stocks like Amazon, Netflix, AMC, Gamestop, Moderna and Tesla making new highs. But most of us invest conservatively in mutual funds or exchange-traded funds for an average return of about 8% per year.

Investing in specific stocks can outperform the average return or benchmarking indices like the S&P 500. Using the best stock analysis software, apps, and research tools enable you to make better trading decisions and cumulate profits faster.

To archive your goals, you need the best tools with the highest value for an excellent price. This article will guide you through the best stock analysis software tools, stock research apps, and other software for stock trading, with insights into the features, benefits, and drawdowns of each tool.

Transparency: We may get compensated when you click on links in this article.

How to find the best stocks?

Stock analysis apps, stock research tools and even stock prediction software solutions are used for one purpose. Those trading tools exist to enable investors and day traders to optimize the stock analysis process to find the best stocks. These can be technical analysis tools for visual trade evaluation via charts or stock research tools with broad data capabilities for fundamental data analysis.

1. Trade Ideas: Best Stock Analysis Software for Day Traders

Trade Ideas is the number one trading tool for any day trader. Whether you are a beginner or an experienced stock trader, Trade Ideas will help you to improve your day trading.

This stock analysis software comes along with powerful features. It costs less than $3 a day, and even the real time market data feed is included in the price. Market data subscriptions can add up fast. So it’s just great that these are included in your Trade Ideas Pro subscription.

Trade Ideas is more than just a stock research tool. It is the most comprehensive software for stock trading out there and especially beneficial for day traders. You can connect the in-build brokerage plus API to trading platforms like Interactive Brokers for automated trading.

Trade Ideas is an all-in-one solution and has a lightning-fast stock screener, charting capabilities for technical analysis, and in-build artificial intelligence features. But that’s not all. Trade Ideas provides one of the best backtesting software solutions and focuses on high-grade trading education with free webinars, help guides and chat room access. In addition, it can be used as a web-based technology and can be downloaded for installation on your PC.

Also, Trade Ideas implemented an artificial intelligence based trade alert stream, supports automated trading, fast and reliable backtesting, and scans for hundreds of trading strategies.

Best Offer

2. TrendSpider: Best Stock Analysis App and SaaS Solution

TrendSpider is a unique stock analysis and charting software. It is an innovative solution that automatically plots trendlines, identifies support and resistance levels and enables you to set dynamic price alerts.

TrendSpider is a technical analysis tool with extensive charting capabilities, technical indicators, and various chart types for intensive stock market analysis. An integrated stock screener, the backtesting function, dynamic alerts and insights to enhanced fundamental data make it an innovative software as a service solution. It works on any browser, and subscribers can also use the TrendSpider app on iOS and Android devices.

TrendSpider currently offers a free trial with access to all functionalities. The regular pricing starts at $39 with a month-by-month subscription plan. All subscriptions include real-time data.

Active day traders may consider Trade Ideas before TrendSpider, but swing traders and less frequently trading day traders consider using TrendSpider.

Best Offer

3. Benzinga Pro: Best News Apps and Audio Squawk for Traders

Benzinga is one of the best financial news sites out there, and a few years ago, they introduced the finance tool Benzinga Pro. Whether you are an investor or trader, news can move the needle in investing and trading. That’s because news is often the catalyst for immense stock price movements.

Earnings, SEC filings, intraday news about FDA product approvals, or corporate news often initiate sharp stock volatility. Recently, Benzinga added much more features to Benzinga Pro, and now it is much more than the news and audio squawk tool that it was before.

Stock market analysis, broad market coverage, technical analysis with charting and indicators, SEC-filing research, an integrated trading chat room, stock scanners and options contract data make Benzinga a great allrounder these days.

Benzinga builds a bridge over various products and serves multiple types of investors with an excellent product. Day traders use Trade Ideas Pro, technical analysts consider TrendSpider, and Benzinga Pro is a great place to start with when you are still uncertain about the investment style you want to choose.

Best Offer

4. Seeking Alpha: Best Quant-Based Stock Ranking Tool

Most investors know Seeking Alpha as an excellent source for free stock market news and high-quality analysis from experts. Investors can follow their favorite authors and use the stock research features, including fundamental data analysis and charts.

Many don’t know that Seeking Alpha also uses a quant-rating system that evaluates, analyzes, and ranks thousands of stocks based on the latest fundamental data, including earnings announcements, profitability projections, EPS revisions, and stock price momentum.

The Seeking Alpha quant ratings allow investors to make unbiased investment decisions based on clearly defined financial metrics without spending hours on fundamental research.

The quant algorithms continuously categorize stocks in categories like Strong Buy, Buy, Neutral, Sell etc. Over the last 10 years, the quant ratings archived an average annualized return of +27%.

Best Offer

daytradingz.com readers can join Seeking Alpha Premium for $179.99 in the first year by using this link. The subscription includes a 14-day trial and access to all Premium features like the Seeking Alpha Quant. The saving equals -50% off compared to the monthly plan.

5. Stock Rover: Best Fundamental Data Stock Research Tool

Stock Rover is one of the best web-based analysis software tools for investors and makes it easy, like 1-2-3, to see how stocks, exchange traded funds or even connected portfolios and watchlists perform.

Using Stock Rover is like having the ultimate spreadsheet superpower with years of fundamental data for 8,500 North American companies at your hands and over 10 years of in-depth financial data for over 650 different metrics like dividends, analyst ratings, Piotroski F-Score, Altman-Z score, growth and profitability figures.

It is also one of the best stock tracking apps. You can connect all your portfolios to Stock Rover, create watchlists, calculate your future dividend income, rebalance your portfolio, and use the excellent stock screener to find the best stocks that match your financial criteria right now. Therefore, Stock Rover can become the hub for all investment activities. You can check the best features with insights in the newest Stock Rover review.

It is also worth it to test the Stock Rover Research Reports. You create a PDF file with the most important financial data with one mouse click, ready to download for later reference. The report includes things like a business summary, analyst consensus ratings, value-, growth- and return analysis, ratings vs. peers, a financial statement history and more.

Stock rover is made for fundamental data analysts and investors who want to handle all their investment activities from one trading software. Charting, data exports, color coding, screeners and top priority support make the offer complete.

Best Offer

6. TradingView: Best Free Trading Analysis Software

TradingView is one of the world’s most frequently used stock research tools with technical analysis functionalities, trading strategy development features, extensive drawing tools, beginner friendly customization options, integrated stock screeners, and various add ons.

670,000 people search for TradingView every month, and that’s a lot.

Do you want to check some stock symbols quickly? TradingView does an excellent job of that. Other features like the stock screener, charting with drawing tools and the market overview are helpful for some basic scanning and market analysis.

But, TradingView is not necessarily the best choice for day traders, especially when using the free version. However, swing traders and investors make a good decision choosing TradingView for their price action analysis and watch lists creation. The monthly plans start at $14.95 and go as high as $59.95 per month, and annual subscribers save 16% by pre-paying for one year.

Best Offer

• It is always a good idea to start with this 30 days free trial for two reasons. First, it is free, and second, you receive various highly discounted offers towards the end of the free trial.

7. Finviz: Best Free Stock Market Overview Tool

Finviz belongs to the stock research tools I frequently use to check the overall market conditions quickly, biggest winners and decliners. Two other cool free integrated features are the earnings calendar and the stock screener.

Finviz is one of the best free stock research websites. You can use the free stock screener to scan for various fundamental data metrics, market performance statistics, or signals from technical indicators. Finviz is primarily beneficial for a stock trader, but even some key metrics about futures, forex and crypto markets are included.

The paid version starts from $24.96 per month, disables the ads, and unlocks features like extended hours quotes, advanced charts, backtesting capabilities, correlation analysis, and real-time market data.

This trading software is also a SaaS solution and entirely web-based. There is no need to install anything locally on your PC. Simply log in and use it from everywhere.

Best Offer

So far, we have talked about web-based and hybrid solutions like Trade Ideas. Now it’s time to talk about some stock research tools and stock trading software solutions that have to be installed on your PC.

For some traders, the ping and latency are crucial when it comes to trading decisions and executions. A downloadable stock software often makes the difference in terms of milliseconds.

8. Worden TC2000: Best Stock Trading Platform

Worden TC2000 offers high-end stock analysis software. It can be used for charting, in-depth technical analysis and even as a stock screener. In addition, this stock analysis software is fast and comes along with a fair pricing model.

Some time ago, I conducted an in-depth TC2000 review. Make sure to read it if you are interested in trying this tool. A back-testing functionality is included, and TC2000 also offers a brokerage account, so you can use it as a stock trading app to trade various asset classes like stocks, funds, and ETFs.

You can use Worden’s TC2000 as a standalone stock analysis software tool or as a web-based platform. One of the core strengths is the extensive technical indicator selection range. TC2000 has more than 60 technical indicators and many different drawing tools.

The costs vary between $9.99/month for the Silver Package, $29.99/month for the Gold Package and $89.98/month for the Platinum Package.

The Gold Package for $29.99/month should have all the essential tools that most investors are looking for. You should be aware of the extra monthly market data feed fees. For example, the real-time U.S. stock data costs an additional $14.99 per month.

Best Offer

9. TradeStation Analytics: Best Trading Platform with Technical Analysis Features

For many years now, TradeStation offers a stock analysis and trading software tool. They provide one-click trading, extensive charting capabilities, zero-commissions trading and great support. Twenty years ago, TS2000 was the market leading software tool for any backtest enthusiast. Now it is mainly a brokerage company. Like TC2000, also Tradestation aims to get new customers into their brokerage division.

The current name of their stock analysis software is TradeStation Analytics. The tool costs $99 for retail traders plus exchange data. Some data feeds are included if you are a brokerage client. Those who open an account and fund it with a minimum of $2,000 get free access to TradeStation Analytics.

The software is compatible with all major Microsoft Windows versions and one of the best investment apps for investors because of the zero commission on U.S. listed stocks. It is also available as a web-based platform. There is also a mobile app compatible with Android-based devices, iPhones, and iPads.

How to get free stocks from TradeStation, you may ask. Currently, they do not offer free stocks as Robinhood and Webull do, but they have an excellent downloadable trading platform that you can use for free.

Do you remember the example from the beginning about the 50 years history of data points? Well, TradeStation offers this. Such EOD and intraday data are available for equities and futures. If you are a TradeStation brokerage client, then you can use TradeStation Analytics for free.

10. E Trade: Zero Commissions Brokerage Platform

E Trade is an all-in-one brokerage solution for investors and traders. You can manage trading activities, plan for retirement, invest, save and borrow with your E-Trade accounts. In addition, E-Trade offers some of the lowest commissions in the industry with $0 commissions for online US-listed stocks, options and ETFs, plus future contract trading fees as low as $1.50 per futures contract.

E*Trade has a long history of online trading for retail investors and was founded in the ’80s. The web-based platforms can be opened everywhere, and the mobile app is available for iOS and Android.

But there is an excellent feature only active traders know of. E*Trade still offers active investors access to the trading platform E*Trade Pro. It is an installable software for Windows, and active traders often prefer to use it for faster trade executions.

11. eSignal: Best Stock Software for Charting and Fast Data

eSignal is another comprehensive stock analysis software. I won’t go into detail about the web-based platform. I think that eSignal’s web-based platform is not state-of-the-art. But their trading software for Windows itself is ultra-cool.

It will be hard to find to search for functionality that eSignal cannot provide. As I lined out in my eSignal review, a monthly software fee of $183 per month for the signature package is a word, mainly because taxes and exchange fees will be added on this! The Elite version of eSignal costs $373/month.

With all exchange data and the third-party plugins eSignal provides, you can quickly pay more than $500 per month. In exchange, you gain access to one of the best stock analysis software tools ever. Long data history, excellent data points, fast data, and many other high-end features are waiting for you.

You can use extensive charting functionalities and code your own indicators and strategies. You can view up to 500 symbols at the same time in the Signature Package. If you are starting day trading, then eSignal is not for you.

If you are in this business for a while looking for a high-end tool that suits your need, then you should have a look at my extensive eSignal review. It covers all the things from functionalities, costs, advantages, and disadvantages.

12. NinjaTrader: Best for C# Programming

With more than 500,000 users, NinjaTrader is one of the market leaders in the free stock analysis software segment. NinjaTrader is free as long as you do not need the live-trading capabilities NinjaTrader provides. A lifetime license with live-trading features costs $1,099 once with free upgrades for life.

There are so many cool features that I crafted a detailed NinjaTrader review. 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.

While you can build trading strategies in Trade Ideas without coding knowledge, NinjaTrader won’t do you the same favor. 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. NYSE and Nasdaq data is cheap, but the fees can be high for CME and commodities exchanges. 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. So let’s proceed right away.

13. VectorVest

VectorVest is a portfolio management- and stock analysis software. The basic layer is VectorVest 7. For using VectorVest 7, you need a subscription ranging from $69/month for the end-of-day version up to $129/month for the real-time version.

There are various plugin modules available, like the RoboTrader ($99/month), RealTime Derby ($99/month), Options Pro ($249/month) and some plugins available for a one time fee.

VectorVest is meant for experienced users and is within the premium pricing segment. It’s an all-in-one solution with many functionalities, but the separate modules can add up costs fast. I wrote a separate VectorVest Review about the features.

14. Unclestock

Unclestock is a fundamental stock screener with 25 years of data for U.S. stock and over 10 years for European stocks. Worldwide, an incredible number of 77,000 stocks is supported for research, screening, and backtests based on over 450 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.

15. MetaStock

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 1982. In 1996, Reuters acquired MetaStock, while in 2013, Innovative Market Analysis acquired it. 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. You start by buying a MetaStock license for $499 for daily charts, and then you deceive in various DataLink subscriptions and the actual market data subscription. There is also a Pro-version available for $1,395 plus all the datalink modules and exchange fees. There are also various MetaStock add-ons available with prices from $99 up to $2,849.

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.

Best Stock Analysis Software Summary

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. Trade Ideas is the only real innovator in the segment of stock analysis software.

If technical analysis is exceptionally important to you, TrendSpider can make a difference in your trading. News, options scans, audio squawk and a great community, make Benzinga Pro an excellent choice.

There are various free stock charts available to identify the best stocks to buy now based on your criteria. Finviz and TradingView are two of the most popular ones. Other tools like thinkorswim from TD Ameritrade have similarities to brokerage platforms like TradeStation and E-Trade. If you are uncertain what tool to use, it’s best to start with 1-month subscriptions or free trial periods. Nearly all charting software and stock market tools offer those.

How To Chose The Best Stock Analysis Software

Now that we have looked at the list of the best stock analysis tools, apps and platforms, you may still be uncertain which software to use. The following mini guide will provide some additional guidance on how to choose the best one.

• Define your trading style

  First, decide whether to start day trading, swing trading or investing. The more frequently you buy and sell securities online, the more expensive the tools will be.

• Chose the markets you want to invest in

  Secondly, you need to choose your favorite market to invest in. That can be the U.S stock market, cryptocurrencies, futures, options or even markets in Asia and Europe.

• Define your budget

  It is crucial to define your budget before purchasing any trading software. The total expenses for the software should always be in the right proportion relative to your overall budget.

• Subscribe with the lowest possible expenses

  In some cases, it might be tempting to subscribe on an annual basis instantly. This way you often save a lot of money. However, if you are not sure yet what tool you want to use, try all the tools you consider with available free trials and monthly payments before making the final decision.

• Start trading on a simulator

  Excellent tools can boost your trading and investment income significantly. However, it always makes sense to practice on a paper trading account or trading simulator first. This way, you protect your money, and you get more familiar with the tools you use.

FAQ

Stock trading software is a set of computer programs that facilitate trading in financial instruments such as stocks and currencies. But it can also help improve you stock-picking decisions through fundamental and technical analysis features. Some software also allows transaction processing.

Brokerages offer the trading software either for free or for discounted pricing. Sometimes it is offered as an incentive to elicit a certain quantity of trading volumes. Independent vendors also supply software to assist traders.

Start with our guide to compare stock trading software programs and find a platform to work for you.

Best Stock Trading Software

The best stock trading software doesn’t stop with in-depth research tools, analysis, screeners and spreads. Traders also need the best performing online stock brokerages in order to make the best possible trades.

1. E*TRADE

E*TRADE isn’t just a stock trading platform. It ranks among some of Benzinga’s favorite stock trading brokerages for a number of reasons, namely its access to real-time data, research and analysis in its brokerage platform.

After all, nothing is more powerful than historical and real-time data that empowers you to act on the best stock trades possible. E*TRADE also offers an array of educational resources: webinars, blog posts and news.

The brokerage isn’t the cheapest, but its commissions aren’t the steepest, either. Stocks trade start at .95 with volume discount available, options start at Stocks trade start at .95 with volume discount available, options start at Stocks trade start at $6.95 with volume discount available, options start at $0.50 per contract, and the brokerage even offers hundreds of commission-free ETFs.50 per contract, and the brokerage even offers hundreds of commission-free ETFs.50 per contract, and the brokerage even offers hundreds of commission-free ETFs.

2. TD Ameritrade

TD Ameritrade is beloved by beginner and seasoned traders alike for one reason: It has absolutely everything you need to trade stocks with success. The brokerage offers traders real-time quotes, 3rd-party research, Yahoo! Finance news streaming, social sentiment tracking and planning tools on its web platform.

Outside of its web platform, thinkorswim packs a mighty punch. It gives traders access to advanced tools like market scans, thinkManual and tutorials to make sure you get the most out of the platform.

You don’t even have to pay for another subscription service for thinkorswim model. And no, it’s not another freemium model masquerading as a free service, it’s absolutely free for account holders. You might consider TD Ameritrade‘s stock trading costs as steep — a flat $6.95 per stock trade with 0 volume discounts.