After you have learned the basics of day trading, you should improve your knowledge by learning more about trading software. Most seasoned day traders take advantage of these software programs to improve their bottom lines.
Today, we are going to learn more about four of the best trading software programs on the market and how they can help you improve your trading skills.
Trade Ideas – Scanning Software
Trade Ideas is a stock scanning software that will let you use predefined searches to find the best stocks to trade. These predefined searches will look for the biggest gainers and losers, volume spikes, and even turbo breaks.
But if you don’t want to use the predefined search option, you can build your own. Trade Ideas will allow you to choose from hundreds of different filters to tell the scanners what to look for. This is great for those who have a unique trading style. Many traders live by this software and use it to find winning trades each and every day.
Lightspeed is a popular trading software that is used by thousands of traders around the world. This trading software offers you a wide range of tools that are very beneficial. A few things that this software offers traders are ultra-fast executions, hot keys, direct access routing and the ability to place advanced orders like stop limit orders and trailing stops. Lightspeed is great for those active traders who like get in and out of the market a lot. Having the ability to do so is very important for short trades.
When it comes to charts one, of the best software programs out there is eSignal. If you are an advanced trader or looking to step up your trading game, eSignal can help! This software will allow traders to run charts on up to 8 monitors all without any lag.
When you are a serious trader, this can come in really handy. eSignal charts are reliable and lighting fast which will let you keep up with the market in real-time. This software also allows you to run customized scripts so that you can add your own personal touch.
Benzinga Streaming News
A day trader’s morning is simply not complete without checking out the latest news. Often breaking news can greatly affect how a stock is trading and even how the entire market is
moving. While you can get some great news from the major news sources, an even better option is Benzinga News. Here you will find breaking news, reports and other helpful information that will help you predict how a stock might move.
Benzinga Radio is also another option that you can choose and it will help you keep up with what is going on in the world without having to search for the latest news. This will save you loads of time and allow you to focus on the market instead of searching for news sources.
These easy to use software tools will help you pick the best stock each and every day. While they could never replace your natural trading skills, they will greatly enhance the way you trade. So if you are serious about trading, make sure to check them out.