My experience shows that traders need software with excellent chart technical analysis, real-time news, market scanning, and pattern recognition. Investors need apps for financial screening, in-depth stock research, and portfolio management. The right stock software for you depends on your needs.
Our testing identified the best stock trading software as TradingView for global trading and community, Trade Ideas for AI-powered bot trading, and TrendSpider for pattern recognition and backtesting. Stock Rover is ideal for investors, and Benzinga Pro is perfect for real-time news traders.
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. The fastest and most cost-effective real-time news event trading service on the market.
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 that TradingView is a worthy winner and holds its place as number one overall. I love TradingView and use it daily; I post charts, ideas, analysis, and chat with other traders. I also do strategy development and backtesting on TradingView.
TradingView is available for free, but it has limitations regarding charts, screening, and indicators. The Pro+ service is $25/m annually 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, and cryptocurrencies globally, making it a good choice for international investors.
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 simply works.
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, which will take care of profit & loss reporting and analysis. The only thing TradingView does not cover is Stock Options trading.
TradingView has over 250 criteria for scanning and screening stocks, Forex, and Cryptocurrencies. There are 48 different fundamental criteria and 96 technical variables available. TradingView also includes 48 economic indicators available through the Federal Reserve Database (FRED), including the Federal Funds Rates and World Economic Growth.
TradingView has over 20 million active users sharing ideas, charts, and chats. Thousands of groups discuss financial markets. The TradingView community is an excellent way to generate ideas and learn from other traders.
TradingView has integrated newsfeeds, 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 has over 160 stock chart indicators and unique charts, such as LineBreak Charts, Kagi Charts, Heikin Ashi charts, Point & Figure Charts, and Renko Charts. As an advanced technical trader, you will be well served.
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. This chart selection gives you everything you will need as an advanced trader.
TradingView has an active community of people developing and selling stock analysis systems. With the premium-level service, you can create and sell your own. The community also offers many indicators and systems for free.
I have implemented my MOSES (Market Outperforming Stock ETF Strategy) into TradingView. TradingView enables you to create any system or strategy easily using Pine script. Below, you can see three MOSES Strategies compared with the equity curve. This MOSES system beat the NASDAQ 100 by 100% over the past 24 years.
TradingView has a market replay functionality that lets you play through the timeline and shows you the chart scrolling and the trades executed; it is simple and powerful. All buy and sell orders are drawn on the chart and highlighted. TradingView is a great package, especially as the free version includes backtesting.
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 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. The community of over 10 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.
TrendSpider is best for all traders seeking cutting-edge AI software that automates technical chart analysis, trendline, and pattern recognition. TrendSpider has robust system backtesting and automated Fibonacci & Candlestick recognition covering Stocks, ETFs, Fx, and Crypto Markets.
TrendSpider is a leading stock charting software packed with innovative technical analysis tools. If you are a serious market analyst, TrendSpider will help you do the job quicker and with better quality and prevent you from missing an opportunity.
Automated trendline detection and plotting do a better job than a human can; using algorithms, the system can detect thousands of trend lines and flag the most important ones with the highest backtested probability of success.
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 automatically detect trendlines and Fibonacci patterns, meaning it already has backtesting built into the code. The highest probability trendlines are automatically flagged, and you can adjust the sensitivity of the detection algorithm to show more or fewer lines.
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.
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, candlesticks, and backtesting make it a compelling proposition.
Trade Ideas is best for active day traders wanting AI-driven trading signals. It provides actual buy and sell signals for trades by performing millions of backtests daily 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 the most expensive software in this review because it offers the possibility of beating the market using AI pattern recognition and establishing a trading bot to auto-trade on your behalf. For a full pricing breakdown, see our Trade Ideas review.
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 user-friendly. Every chart and table is in a separate window, so if you want to resize the view, you must 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; you have endless flexibility and window configuration options if you operate multiple monitors and large screens. Even though they are fully separate windows, they can be linked and unlinked to provide a more fluid experience with some practice.
The Trade Ideas scanner system, unique in the industry, is at the heart of the trading platform. By clicking New -> Alerts, you can access the Alert Config Window, which gives you immediate access to over 40 trading scans. In the screenshot below, you can see all the in-built scans categorized into Bullish, Bearish, or Neutral. Depending on the overall market direction, you can select a potential strategy for the day.
The Trade Ideas platform has a powerful, easy-to-use backtesting system that does not require programming knowledge. A point-and-click backtesting system is rare in this industry; the only alternative software with this capability is TrendSpider.
Trade Ideas integrates with three brokers for stocks: Interactive Brokers, Etrade, and Esignal. The Brokerage Plus functionality is available with the Standard and Premium service. Trade signals generated from Holly AI cannot be autotraded, but alert window scans can be auto-executed in a sandbox or live with your brokerage using Brokerage Plus (available in the premium plan).
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 helps new clients by providing excellent support, a live trading room, and personal one-on-one training sessions.
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