Home
>
Software
>
How to Choose the BEST Charting Software

How to Choose the BEST Charting Software

I suggest that you do not spend a lot of money on charting software as most perform very similar functions. Often the price is inflated to capitalize on the mentality that expensive is better. A software package under $1000 will perform all of the tasks required by even the most advanced traders.

The perfect charting software needs to be the most powerful technical analysis tool no matter what you are trading ….. stocks, futures or currencies.

Unfortunately, of the thousands of people why buy charting software, only a handful ever put it's true technical analysis potential to good use.

Imagine being able to quickly and easily find high potential, lowest risk trading opportunities each day. What would it mean to your lifestyle if you could uncover what are potentially the most lucrative stock, futures or currency trades easily and quickly and then profit from this information?

Do you think your trading (and your life) would be more fun?

The following is a brief guide to some areas to consider when selecting charting software that will help you achieve this goal:

Does the software contain the charts and indicators you require?
What kind of database does it use, ensure there are multiple data providers out there?
Is historical data readily available for the database format?
How can the price data get updated and what data providers are there?
Does the software have its own programming language?

Personally, I recommend MetaStock and I have used it for years. It contains just about every bell and whistle a trader would need. It is easy to use and allows you to scan the market looking for only those trades that exhibit your entry rules. This function alone is an invaluable tool that almost completely automates my trading system..

MetaStock has been the standard in stock analysis software for many years due to its affordable platform, advanced features and large user base. With any stock analysis, software that you settle upon, it is always helpful to know how many other people use the software. This provides a free resource for tips, tricks and general help using the application.

No matter what charting software you do decide to go with, just a word of advice. It is important to recognize that software is simply a tool that aids a trader in undertaking their business activity. There is no such thing as a software package that does everything for you. Avoid any packages that gives buy and sell recommendations. Commonly referred to as black box programs I have found, with rigorous testing, these packages simply do not work.

-=-=-==-=-=-=-==-=-=-=-=-=-=-=-=-=-=-=-
David Jenyns is recognized as the leading expert when it
comes to MetaStock & designing profitable trading systems.

His MetaStock website offers a huge free collection of trading
related tips and tricks. Gain free access now.
Click Here ==> http://www.meta-formula.com/subscribe
-=-=-==-=-=-=-==-=-=-=-=-= -=-=-=-=-=-=-

scheduled maid service Northbrook ..

In The News:

A third-party dental marketing agency's unsecured database exposed millions of patient profiles with personal information that could be exploited for identity theft and insurance fraud.

New York-based Aircela unveils refrigerator-size device that converts air and water into fossil-free gasoline, with initial deployments planned for 2025.

Your home address is easily accessible on people finder sites, putting you at risk for stalking and identity theft, but data removal services can help protect your personal information.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents

Robot combat evolves at Unitree's Iron Fist King event as G1 robots face off in China, featuring knockouts, precise strikes and agile machines that can perform side flips.

Take control of your digital privacy with actionable tips like Facebook privacy checkup, location tracking management and data removal services to protect your personal information.

Smart TVs and streaming devices manufactured in China are being compromised by BadBox 2.0 malware before users even power them on; infections have been detected in 222 countries.

The lightweight, 15-pound Tenniix tennis robot mimics pro playing styles like Nadal and Federer, using AI trained on 8,000 hours of professional tennis data.

Oak Ridge's uranium enrichment facility supports America's AI ambitions amid concerns that China's aggressive nuclear reactor construction could give it an edge in powering data centers.

Facebook scam ads now leverage AI and deepfakes to create convincing celebrity endorsements, targeting specific demographics with sophisticated schemes.

Apple unveils iOS 26, macOS 26 Tahoe and iPadOS 26 with translucent Liquid Glass design at WWDC 2025, featuring ChatGPT integration as competitors advance rapidly.

The Atom Touch prosthetic arm combines an AI neural interface with EMG sensors, allowing amputees to control individual fingers with precision at an affordable $25,000.

Aspen officials aim to have crews on the scene within five minutes — something they say would be nearly impossible without precise location data the AI technology gives.

Tech expert Kurt “CyberGuy" Knutsson says iPads are usually secure, but hackers can access them. Spot warning signs early to protect your data.

Tech expert Kurt Knutsson reveals how to easily move photos and videos off your iPhone or Android to securely protect your favorite moments.

The Social Security Administration is launching digital SSN access this summer. Tech expert Kurt “CyberGuy" Knutsson helps you learn how to use it and protect your identity.

Glide underwater with CudaJet and make the ocean your playground. Kurt “CyberGuy" Knutsson discusses the redesigned tech that might be your next big thrilling adventure.

Protect yourself from login alert scams with five security steps, including avoiding suspicious links, checking account activity and enabling two-factor authentication

Skip the usual Father's Day gifts with personalized ideas for tech enthusiasts, home brewers, pool owners, seniors, outdoor lovers and privacy-conscious dads.

DMV text scam alert: Fraudsters impersonating motor vehicle departments nationwide are sending threatening messages about unpaid tickets and tolls to steal your information.

Fox News' AI Newsletter brings you the latest on this rapidly evolving technology.

E-BAR, MIT's mobile robot, provides physical support for seniors with handlebars that follow from behind, helping prevent falls while maintaining dignity for aging adults.

AI is changing everything – now, we can even use it to generate video. I tried OpenAI's Sora and Google's Veo – here's how they measure up against each other.

Five simple phone setting tweaks that make your device work harder for you, from automatic text message deletion to scheduled focus modes.

Android users can save time with 10 simple automations, including automatic battery saver mode, location-based Wi-Fi settings and scheduled "Do Not Disturb" mode.