What is TC2000?
TC2000 is a premier technical analysis and stock market screening platform established in 2010 in Wilmington, North Carolina. Developed by Worden Brothers Inc., this platform excels in offering a plethora of stock charts, indicators, and a robust capability to scan financial fundamentals.
Renowned in the investment world, TC2000 has earned accolades like the Best Software award from Stock & Commodities magazine for 25 consecutive years. Its impeccable BrokerCheck profile further underscores its trustworthiness and standing in the financial sector.
Voted as the “favorite standalone analytical software for $500 and less” by the Technical Analysis of Stock & Commodities magazine readers in 2019, it’s fair to say that TC2000 has a reputation to live up to.
While there is a TC2000 brokerage service available, that’s not what we’ll be covering in this TC2000 review. Instead, we’ll be covering the TC2000 technical analysis tools platform!
Accessible from the desktop platform, a web browser, or the mobile application, this service claims to provide users with the real-time data and technical indicators they need to start trading stocks successfully.
That sounds great in theory, but how well do the TC2000 charts work for real-life trading? Let’s take a closer look at the platform and find out!
External TC2000 Review & Ratings
|Liberated Stock Trader||4.3|
TC2000 is best for…
The active stock trader who needs instant access to the latest and most accurate stock charts. TC2000 supports a variety of trading platforms, although your experience will likely be best if you’re using the TC2000 brokerage firm as well.
Like many other charting platforms, TC200 supports over one hundred indicator values, custom scans, customizable layouts, and prebuilt layouts. It’s designed with ease of use in mind; for example, you have the ability to look up a stock simply by typing in the appropriate industry index symbols (no clicks required!).
This analytical software also offers fundamental scanning and simulated trading alongside its various fundamental analysis tools. To top it all off, it even offers stock traders competitive pricing when compared to alternative charting platforms!
Next, let’s take a quick look at some of the features and tools that you can utilize with the TC2000 charting platform.
TC2000 is best known for its charting capabilities. While it offers many features, its primary strength is as a charting tool for stock traders. The charts are clear, detailed, and offer more depth than many other platforms.
As a charting platform, TC2000’s advanced charting capabilities and wide range of proprietary analysis tools are arguably its most noteworthy features. Whether you choose to use it alongside the TC2000 brokerage service or with a separate brokerage, the TC2000 charting platform’s various advanced stock chart indicators will allow you to easily perform technical analysis on stocks, exchange-traded funds, and other types of assets.
Capable of producing far more than basic charts, TC2000 offers traders 70+ technical indicators and ten different drawing tools to create their own powerful chart setup. Traders can easily take advantage of the wide selection of stock charts to identify patterns and make informed trade decisions, thanks to these powerful features and various chart styles.
A useful feature is the data box on the top left of the chart. It provides quick details like returns over time, annualized returns, and key data points such as open, high, low, and close values. The Change Symbol function is another highlight, allowing users to quickly switch between stock charts by simply typing.
In terms of zooming, TC2000 performs on par with competitors like TradingView, offering a smooth zooming experience. These might seem like small details, but they make the platform stand out in a crowded market.
For beginners, TC2000 is user-friendly. It guides users through setting up charts and offers a wide variety of chart types like OLHC Bars, CandleSticks, Line Charts, and more. Charts can be customized using the Chart Properties/Plot Style options.
Additionally, users can add personal notes to the charts, which are saved for future reference.
When navigating the financial market to try and find profitable trade ideas, having access to real-time data is essential. Fortunately, TC2000 serves as a reliable source of up-to-date information on the latest stock trades and market information, pooling together data from over 70 exchanges across the world onto its platform.
Users have multiple data feeds to choose from, including the Realtime U.S. Stocks, Realtime U.S. Options, and Realtime U.S. Indexes. By subscribing—or choosing to not subscribe to—certain data feeds, users will be able to focus on data that’s relevant to their trading activity. This should give them a competitive edge over other traders.
TC2000 can also serve as an excellent stock market screening platform, thanks to its huge selection of highly-customizable powerful scanning tools. The scanning tool allows traders to find stocks that are trending and identify potential trade opportunities based on their current trading volumes.
Since it’s highly customizable, it can be set up to run scans using custom criteria such as market capitalization, price, or volume. The large selection of criteria available to users means that the scanner can be used for both technical and fundamental stock screening. This makes it an invaluable tool that can save hours of time by enabling traders to streamline their trading process.
Functionality is important, but so is user experience. Fortunately, thanks to its customizable layouts, using TC2000 is a fairly enjoyable experience. Users can completely rearrange their individual layouts to meet their personal needs and computer setup(s). This is great news for users of multi-screen desktop computers.
These custom layouts can even be saved as presets, which means that traders who use multiple devices won’t have to readjust their screen layout every time they log in.
While this may not necessarily have a direct effect on their trading itself, it’s beneficial nonetheless, as individuals are likely to see a better performance from themselves with a truly optimized layout as opposed to a standardized one.
Watchlists are a fairly standard feature that you’re likely to find on most scanning platforms. Even so, it’s nonetheless an important feature that will surely before an integral part of your day-to-day trading routine.
The watchlist feature allows users to create a custom list of the stocks they’d like to monitor on a regular basis. Once the list has been created, these stocks can be sorted by using various criteria (such as volume or price). This makes it easy for a trader to quickly identify the latest market movements within their watchlist and react accordingly.
Pairing perfectly with the watchlists feature is the alerts feature. As the name implies, this feature allows users to set up alerts for the stocks (or other assets) that they’re watching. Once the user has set specific criteria to monitor—such as volume level—the system will actively monitor these assets.
If one should cross the per-determined threshold, TC2000 will send an email and/or push alert to the trader, giving them the chance to act before it’s too late. This feature allows traders to step away from the platform without needing to worry that they’ll be missing out on time-sensitive opportunities.
The Trade Simulator tool allows users to practice and test trading strategies using real market data without needing to risk real funds. This tool can be extremely beneficial to improving one’s own trading strategies, as the simulator offers all of the features—such as charting & scanning—of the TC2000 brokerage in the simulator.
Even if a trader chooses to go with a different brokerage, the experience they gain from using the simulator tool should still help them adjust and perfect their trading strategies moving forward.
Although TC2000 lacks a powerful stock backtesting tool, it does offer historical condition testing, which provides similar benefits. This tool can simulate trades by running them against historical market data using specific timeframes, allowing users to analyze the data for future trading strategies.
The EasyScan dashboard in TC2000 offers users a dynamic way to scan the market. Its standout feature is the ability to compare a selected stock’s performance against another security or a set of securities based on specific criteria. For instance, if you decide to scan stocks within a specific ETF, you can then rank and identify the top 10% based on their comparative performance against the entire U.S. stock market. This feature allows users to refine their search, pinpointing stocks that have significantly outperformed the broader market.
The EasyScan tools have proved to be not only effective but also notably user-friendly. This tool facilitates the identification of real-time trading opportunities on a daily basis, enabling traders to spot market movements as they happen.
Pre-configured scans, such as “Gap up with momentum,” “Bounce after pullback,” or the RSI breaking the 30 level, make the process even more seamless. But for those who have specific parameters in mind, EasyScan also offers the flexibility to create custom scans tailored to individual preferences.
However, it’s worth noting that while EasyScan provides historical condition testing, it doesn’t support comprehensive backtests. This means users can view the results a specific scan would have yielded under previous market conditions, but they won’t be able to assess the historical performance of a custom trading strategy over an extended period.
Although using the desktop application will offer the best trading experiences (especially when compared to the experience on mobile), TC2000 leaves the final choice up to the user. Currently, one can access the platform via the web client, through the dedicated Mac app, with the Windows platform, or with one of the mobile versions.
Mobile applications are offered for both iOS and Android systems. However, only one session of TC2000 may be run at a time.
Education & Training
TC2000, steered by the Worden Brothers, offers an extensive educational foundation for its users. With an expansive digital library containing hundreds of video webinars, learners can access valuable content at their fingertips. But there’s more to it than just online resources.
The Worden Brothers team also ventures on regular roadshows, conducting free live seminars across the U.S. The firsthand feedback is overwhelmingly positive, with one student emphasizing the depth and clarity of the knowledge she gained. If you’re in the U.S. or willing to make the journey, these seminars present a worthwhile opportunity.
Diving deeper, the TC2000 Academic Program stands out as a game-changer for both classroom instruction and self-paced learning. It not only exposes learners to real market data but also allows them to interact directly with the dynamics of stock behavior.
The experience is complemented by collaborative tools; users can seamlessly share their watchlists, chart templates, portfolios, and even entire platform layouts through unique links.
Prices and Plans
As one might expect from a tenured platform, TC2000 has a lot of different features to offer traders. Each plan offers increasingly advanced features, so let’s compare the different plans to see which one(s) would be able to meet your individual trading needs.
TC2000 offers a barebones version of the software for free, but you’ll need to head over to FreeStockCharts.com to find it. Although you are able to use some basic functions this way, most essential features are hidden behind a paywall.
Costing only $9.99 per month, the Silver package unlocks a few basic features. You’ll be able to set up a customized layout of charts. You’ll also have access to notes, be able to set watchlists, and make trades through the account with this basic plan.
The Gold plan costs $29.99 per month, but we think the price increase is justifiable. For an additional $20 per month, you get access to EasyScan, which is the standout feature of TC2000.
This proprietary option & stock scanner allows you to instantly search through the stock markets for assets that match your specified parameters and indicator values. You can either use pre-set scans or set your own personal criteria formulas.
In addition to EasyScan, Gold members also gain access to chart drawing tools, formula writing, sortable watchlists, multi-monitor workspace layouts, graphing tools, and pre/post market mode. This plan even enables subscribers to track up to 100 alerts simultaneously.
If you decide to grab a Platinum package, be prepared for the giant price increase: this membership costs $89.98 per month! For that price, you instantly gain access to all of the advanced features TC2000 has to offer.
Platinum members are able to track up to 1,000 alerts at the same time, and refreshes on scans & sorts are performed automatically. These users are also able to create market timing indicators using scan plots.
However, the big draw of the Platinum membership is access to historical data. Platinum members can scan historical data, and this data can also be used for historical condition testing.
These features allow traders to analyze data—such as average volumes or trend lines—from nearly any time frame, which can be useful when creating custom reports for future reference.
Where To Download TC2000
TC2000 offers a versatile software that’s accessible across multiple platforms. Whether you’re using a PC or an Apple IOS device, there’s a web version available free of charge.
For Windows users, TC2000 stands out for its swift and uncomplicated functionality. Built on the sturdy foundation of Microsoft’s Dot.net framework, the software runs natively and efficiently on PCs. Its high resolution ensures intricate design, something not often achieved by other platforms. The download process is swift, and getting it set up is straightforward.
Apple users aren’t left behind. Whether you’re on a Mac, iPad, or iPhone, TC2000 is available without additional charges. For those wishing to utilize the PC version on their Apple devices, the free Parallels Client App is necessary.
A limitation exists in that TC2000 can be operated from only one device simultaneously. It’s compatible with a wide range of devices and browsers, including Mac, Samsung Galaxy, Chromebook, Kindle Fire, and browsers like Chrome, Safari, Firefox, and Edge.
If you like to flex your trading skills from your mobile device, TC2000 offers an app available on the Google Play Store, rated at 3 stars. While there isn’t a direct app on the Apple app store, Apple users can still access all of TC2000’s features by installing the TC2000 Anywhere function.
TC2000 certainly isn’t unique when it comes to stock analysis services, but it does have some areas where it easily outperforms the competition. However—like any other platform—it does have a few shortcomings. Here are the key takeaways you should remember from this TC2000 review.
- Offers charting, trading simulation, & fundamental stock screeners on one platform
- Excellent customer service and support (including training seminars for subscribers)
- Offers competitive pricing with monthly, annual, and bi-annual billing options
- Easy broker integration process
- Accessible via Windows, Mac, iOS, and Android devices
- Browser-based version available for non-supported operating systems
- It doesn’t offer any backtesting abilities
- Reliable news service results in additional cost to subscription plan
- The platform lacks forecasting features found on similar platforms
- Market data costs
Is TC2000 Right for You?
Day and options traders can definitely take advantage of the advanced features offered by TC2000. The service is especially useful if you already use the TC2000 brokerage, as the services can be used concurrently for maximum efficiency.
Of course, you can also use an alternative high-end trading platform if you choose.
While the platform is lacking some modern features—such as artificial intelligence or automated trading—often found on alternative platforms or other external websites, we don’t necessarily think that these factors should dissuade you from choosing TC2000 as your tool of choice.
We’d recommend avoiding the “Silver” version of this premium stock market analysis software. Instead, opt for the Gold plan! This plan should be suitable for the average investor, but we recommend the Platinum plan for high-volume day traders (due to the inclusion of automatic refreshes).
If you’re ready to take your options and stock trading to the next level using one of the most reputable analysis and stock scanner tools around, click here to learn more (and take advantage of discounted pricing options!).
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