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:
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
-=-=-==-=-=-=-==-=-=-=-=-=
-=-=-=-=-=-=-
Before September of 1995, Microsoft ignored the Internet because their... Read More
Microsoft Business Solutions is emerging as very attractive vendor for... Read More
Are Spreadsheets Robbing your Enterprise of Competitive Advantage?'90% of "average"... Read More
Hey Guys! Don't raise your eyebrows or fear by hearing... Read More
In our case ? we serve Microsoft Business Solutions ERP... Read More
This article is for advanced Microsoft CRM SDK C# developers.... Read More
The various resume software offered, particularly on the internet, can... Read More
Following tips help you to learn a software in lesser... Read More
When you first think about multicurrency ? you probably have... Read More
Customer Relationship Management or CRM is a combination of enterprise... Read More
Using professional icons in your application or website can bring... Read More
In order to meet regulatory and corporate compliance requirements reporting... Read More
In this short FAQ style article we would like to... Read More
Every day millions of new web documents emerge on the... Read More
The Microsoft system preparation utility for Windows 2000 is a... Read More
Microsoft Business Solutions Small Business Manager is scaled down Great... Read More
Buying accounting software is a major investment. It's an important... Read More
If you use Microsoft Outlook (or similar applications) for e-mailing,... Read More
Almost all new and major brand of PCs come with... Read More
Sales are all about leverage, because there is only so... Read More
What is installation in the language of technology? Installation... Read More
Case study: A secretary using Corel WordPerfect 7 is often... Read More
Trying to figure out a stream in banning one email... Read More
In the Clinton era the status quo was simple: you... Read More
XML parser is a software module to read documents and... Read More
Wood Dale limo ..We've all seen the ads on TV for Netzero 3G.... Read More
Many Webmasters have never bothered to view their website's server... Read More
There are two approaches for application integration:? Programmer's approach ?... Read More
I have always regretted how Microsoft price gouges and rips... Read More
Is Photoshop CS2 worth the upgrade? You bet it is!... Read More
Mike Dunville* had a decision to make. As the new... Read More
It is now common thing when large corporation selects mid-market... Read More
Are Spreadsheets Robbing your Enterprise of Competitive Advantage?'90% of "average"... Read More
Although statistics often is blamed for various deadly sins --... Read More
Microsoft Business Solutions Great Plains is very generic accounting application... Read More
Before being able to choose a secure Internet communication system,... Read More
One day, you suddenly realize that your computer started to... Read More
1. Replace Dexterity cursor with SQL Stored Procedure Dexterity... Read More
Microsoft Business Solutions Small Business Manager is Great Plains Dexterity... Read More
Java has come along a long way. Many would agree... Read More
And kill the best layout software in the process of... Read More
Former Great Plains Software Dynamics/eEnterprise and currently Microsoft Business Solutions... Read More
Your computer cost you from hundreds to thousands of dollars,... Read More
Shareware is software that you can try before you buy;... Read More
I have yet to see a business that, sometimes in... Read More
Microsoft Retail Management (RMS) and Microsoft Great Plains are retail... Read More
Microsoft Great Plains, Navision, Solomon and Axapta are Microsoft Business... Read More
I provide, here clear explanations and a count of function... Read More
Fleet Maintenance Management is a critical position in any company... Read More
If you are to buy a HelpDesk & Asset Management... Read More
Software |