Online Stock Trading Software: 5 Trading Tools You Can't Afford To be Without
By David Jenyns
The advent of online stock
trading software in the late 1990's - early 2000's precipitated a surge in stock
trading the likes of which had never been seen before. Suddenly, trading in
stocks became accessible and profitable to almost anyone who tried
it.
The days of manually
creating charts with ruler and pencil had gone forever; replaced by online
technical charting services and analytical tools.
Live stock quotes, once upon
a time 'only available for a huge monthly fee to the wealthy few' had become a
free inclusion on the home pages of countless online stock trading web sites.
The technological
innovations within the trading sector rapidly advanced to the point where today,
online stock trading software is not only easily affordable even for the
budget-minded trader... but is also equally easy to use.
There's a vast number of
specialist trading software programs on the market, catering for every possible
level of experience. Obviously, I can't cover them all here. However, the
following five trading tools from Ashkon Software are classic examples of what
to look for in online stock trading software and should all be given serious
consideration for inclusion in your trading arsenal.
Number
1 Stock
Predictor
Is an advanced stock
charting and investment strategy performance analysis software package for
technical traders. It allows you to easily display several technical indicators
for a single stock on the same chart, maintain predefined lists of stocks and
test your own investment strategies. Stock Predictor has more than a dozen
embedded technical indicators and over four hundred investment
strategies.
Another great feature of
Stock predictor that I particularly like is the one-click buy and sell function
that gives you a unique opportunity to apply a trading strategy to a given stock
and view a cumulative and summarized performance of your investment at any
selected point in time.
Finally, I'd like to point
out that Stock Predictor has a built-in data feed and no subscription fees. In
other words, you'll never need to pay for your charts again!
Stock Predictor allows you
to print and plot technical historical stock charts, apply and construct analog
trading strategies, analyze the trading strategies' performances, and give
recommendations to buy, avoid, hold or sell.
Stock Ticker
Application Bar
This handy little example of
online stock trading software has been designed for continuous retrieval of
stock quotes through the Internet. It lives at the top or bottom of your
computer screen and displays (in real-time) ECN quotes, including pre-market and
after hours quotes or '20 minutes delayed quotes' of predefined lists of stocks,
indices and currency symbols as a scrolling message.
The Stock Ticker Application
bar also displays quotes for up to 200 securities, automatically or manually
updates stock prices, has user defined positioning, scrolling speed, fonts
selection; includes top and bottom stock price visual and sound
alerts.
Another really cool feature
of this particular ticker is the stock price percentage change indicator. You
can imagine how helpful that is when comparing a given stock's upward or
downward movement with the overall market.
Historical Quotes
Downloader
Allows you to instantly
download intraday or end-of-day historical quotes of stocks traded in the US.
The customized ASCII data output format makes historical quotes data compatible
with most technical analysis and charting analysis software packages such as
SuperCharts, MetaStock, Advanced Get, Elliott Wave Analyzer, Microsoft Excel,
Omega TradeStation and others. No subscription fees.
Stock Sector
Monitor
Is a desktop financial
application that allows you to easily monitor over 200 stocks and over 7000
public companies online. You can watch daily top losing and gaining stocks from
each stock industry sector, see percentage change, quotes, volume and other
quotes information, access news, print reports, charts, and create and maintain
your stock portfolios.
Ashkon Stock
Watch
This is serious charting
software for the financial information market. It allows you to display on the
same chart several technical single security indicators, open multiple chart
documents, test your own investment strategies and maintain predefined lists of
securities. While it's got the usual built-in market indicators such as moving
averages, price channels, bollinger bands, volatility, stochastic oscillators
and MACD momentum indicators, it's a really cool piece of software... especially
the way it plots technical indicators in multiple panels (I just hate the way
some trading software programs try to cram everything inside one small panel
this Stock Watch tool is so refreshingly different!)
Conclusion:
For those of you who are
wondering why I chose to review five online stock trading software programs all
from the one source, take note: there are over 32,000 web sites in Google alone
that focus exclusively on online stock trading software programs. Ashkon is just
one of these. However, having personally experienced the quality of Ashkon's
products, I have no hesitation in recommending them. Ultimately though, the onus
is on you the trader to make the final choice. About the Author -=-=-==-=-=-=-==-=-=-=-=-=-=-=-=-=-=-=- Discover How Nicholas Darvas, A 25 Year Old Ballroom Dancer, Turned $25,000 into $2.25 million... A Remarkable Trader, A Remarkable Amount Of Money And Remarkably Easy. Click Here To Discover Nicholas Darvas' Secrets http://www.nicolasdarvas.org/ -=-=-==-=-=-=-==-=-=-=-=-=-=-=-=-=-=-=-
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