Stock analysis software won't make you a stock market pro overnight, but it can improve success in the market whether you are a long-term investor or a stock trader. Both desktop and online stock analysis software are available, and benefits of using this software include:
- Real time stock market simulation to help you to learn how to adapt to market fluctuations.
- Backtesting, to test trading strategies using historical stock market data.
- Designing a stock trading or investing plan.
- Help with avoiding decisions made based on emotions.
MetaStock End of Day Version 11
MetaStock MACD with Buy and Sell Signals
Equis International, a Thomson Reuters company
MetaStock provides many tools for stock market analysis with both technical and fundamental analysis. Fine tune your investing or trading strategy by selecting from over 200 standard indicators or create customized indicators. Additional functions and customization can be added with Plug-Ins and Add-Ons, sold separately. MetaStock Fundamental Analyzer provides fundamental data on U.S. and some global markets.
- MetaStock End of Day is Windows desktop software
- Best for short term traders who want to do stock market analysis after the market closes.
- Cost: $499 / $50 monthly subscription / $565 yearly subscription
- 30 days money back guarantee on boxed software. No refunds for subscription downloads.
tradeMONSTER Online Stock Trading Tools
trade MONSTER Detachable Screens for Multiple Displays
www.tradeMONSTER.com
tradeMONSTER flexible, customizable online trading tools include Exit Plan™ for locking in gains and minimizing losses. In addition to support for paper trading, tradeMONSTER Trade Simulator lets you set up "fake trades" within your existing portfolio to see how it will affect your portfolio. Watch lists, charts and other tools stream whenever U.S. equity markets are open.
- tradeMONSTER runs on Internet Explorer 7.x and FireFox 3.x or later, with Adobe Flash Player 10 or above.
- Move detachable windows between multiple displays.
- Twitter integration, and mobile apps for iPhone and Blackberry
- Built-in educational resources for all levels of investors.
- Cost: Free with tradeMONSTER brokerage account ($7.50 for up to 5,000 shares)
TradeStation 8.8
Research Tools in TradeStation Stock Analysis Software
TradeStation Securities, Inc.
- TradeStation 8.8 requires Microsoft Windows 7 or Vista, and Internet Explorer 7.x
- 20 detailed performance data reports, updated for the previous night.
- Years of historical intraday data for equities, options, futures Forex and Eurex.
- Cost: $249.95/month, $100/month or free to TradeStation brokerage customers, depending on account balance or trading activity level.
PennyLane Reports Penny Stock Investor Tools
An example of a PennyLane Reports Penny Stock Tools dashboard.
PennyLane Reports, LLC
This online software analyzes penny stocks, and does not require a brokerage service account. PennyLane Reports Penny Stock Investor Tools offers a customizable online dashboard to organize penny stock analysis tools and information resources, and you can set up widgets to use content from anywhere on the Internet.
- PennyLane Reports tools run on all of the latest browsers, and all operating systems.
- Resize and move widgets around the dashboard.
- Real-time stock tips included.
- Cost: Free, must sign up for PennyLane Reports newsletter.
