Stock Market Trading Software – Don’t Leave Home Without It
Stock market trading software can help you in the following ways: identifying channel breakouts, generating high probability mechanical buy/sell signals, controlling your dollar risk, forecasting new tops and bottoms with great efficiency, revealing trading trends for any time frame and curbing the very human tendencies of fear and greed. This software has no biases that humans possess, it simply crunches numbers and provides the best judgment about when to buy, sell or hold. Trading software is especially necessary for you if you are involved in the day, swing or position trading. Here, it becomes an absolute requirement to be able to watch every up and down tick, monitor your short positions, and stay on top of your stop loss settings.
There are many software packages that specialize in only one function, such as providing real time stock quotes, but you may be better off selecting one that encompasses everything you need to make an informed decision, after all, this is your money. In choosing software, you should look for the following characteristics, it should be able to tell the opening price of the day in each market to determine price direction, telltale signs in the market that signal a breakout to the upside, or downside if trading short, is coming and allow you to take steps to profit with the move. It should also possess moving average monitoring that shows the average price of a security over a specified period, used in order to spot pricing trends by flattening out large fluctuations. Next, it should possess a trigger monitor to alert you to preset events such as reaching a specified price target and finally pattern identification to identify and use patterns to your advantage. This increases your bottom line, for you can then sell at the top and buy at the bottom of markets.
In these tough economic times, any further aid that can help your bottom line is necessary. Remember, this software is free, so you would be well advised to download your software from secure sites. If you are new in the field, settle for user friendly ones. Equally important, when you become a little more advanced, you should read reviews of the different software before downloading them.
If you are certain that stock market trading software is for you, be smart and patient. Risking your money to non yielding investments may be disastrous, but with the aid of stock market trading software, this may be avoided.
It has been years in the making but it’s finally here! Myself, along with a team of programmers have work diligently to bring S.M.A.R.T to the world. This Stock Market Software will change the way traders pick, buy, sell, and manage their portfolios. Visit http://www.picksmart.org today to find out more!