Archive for Tools
I recently received an email from a new student who purchased the Liberated Stock Trader Pro training.
“Your training program appears to be excellent, but I have no way of being able to carry out Fundamentals Stock Screening on the ASX (Australian Stock Exchange) without spending thousands more dollars on the Metastock RT program”. A.Z. New Zealand.
The core problem here is that:
- He lives in a country where trading the local stock market; in this case the Australian Stock Exchange (ASX) costs $95 per trade
- He cannot get a good high quality stock market software platform at a reasonable price
- International stock market software including powerful stock market screening is prohibitively expensive for regional markets; $1000′s per year
- There are no high quality online free stock screeners he can use for his exchange
- For the new trader the costs are insanely high
But there is a solution
To get an advantage in the stock market you need a solid education, experience, patience and also the best tools. This stock market analysis software review will compare 10 highly rated software offerings from industry giants to new entrants.
What you need in a software package is essentially down to how you trade and what information you use in your trading style.
If you are a day trader you may need real-time news, real-time scanning and level II streaming quotes. If you are a long term fundamental investor you may be looking for strong economic and company fundamentals scanning. If you want to develop your own automated trading systems that are back tested and place trades automatically you will be looking for this functionality.
Rating these packages side by side can give the impression that one package is better than all the rest, but the key is what software suits you and your trading style the best. Please read the “Recommended For” section in the reviews to understand the unique offerings that each vendor provides. No two software packages are identical, each provides a unique price and feature point.
Read more as Telechart, TradeStation, e-Signal, MetaStock, EquityFeed and more go head to head.
More good news coming from our relationship with TradeStation.
Buy any version of the Liberated Stock Trader PRO Training Course (digital or print edition) and you can receive 100% of the costs of your course refunded courtesy of TradeStation.
When you open an account as a new customer with TradeStation or even add an additional account if you are an existing TradeStation customer, TradeStation will rebate the entire cost of your training package via a monthly 20% commission rebate whilst trading through TradeStation.
TradeStation already offers industry leading competitive commisions, but you will receive a further 20% OFF all your commision costs up to the full amount of the price of your training course. This will be a cash credit to your account.
Not only that, you will also be eligible for any current promotion they are running.
TradeStation were ranked Best By Barrons 2012 Review.
- Best for Frequent Traders
- Best for International Traders
- Best Trading Experience and Technology
I hope you find this adds value to your trading or investing experience.
I just got off the phone with Thomson Reuters and they have cut us an exclusive deal on MetaStock, the worlds leading Stock Market Analysis Tool and real-time news service.
I am very pleased to announce that if you purchase MetaStock through the Liberated Stock Trader you will get a:
- Discounted Price – save up to $100 off the purchase price
- FREE copy of Technical Analysis from A to Z – a classic in the industry, this 380-page book is a complete reference for Technical Analysis ($40 value)
- FREE copy of Unleash the Power of MetaStock – This CD/Manual combo was made especially for MetaStock 11 and shows you everything you need to know to squeeze all you can from our latest features. ($99 Value)
- FREE month of LIVE online training – BreakAway Training Solutions is the official training partner of MetaStock. Take advantage of a real MetaStock professional in an interactive online training environment. ($99 Value)
- 1 FREE month of end-of-day or real-time data (up to a $135.00 value)
Reuters have the broadest span of Stock Exchange and real-time news coverage of any other company. They also have over 300,000 members world wide making them the leader in independent investor solutions for technical analysis / news and real-time prices.
So if you are considering buying a professional analysis package, check out this deal.
Knowing where to go online to get great free stock market information is very important. Having a few key resources that you incorporate into your trading and investment planning and visit regularly can be of great benefit.
This article will highlight some important resources to help you create your weekly plan of action. I recommend you book mark these sites and use them regularly.
Stock Market Info
Stock Indexes & Futures
If you can get Bloomberg TV via satellite this is well worth it, it is also free in most regions. Bloomberg TV is also available via streaming from their website at Bloomberg.com. Bloomberg is fast paced, full of valuable information and even contains some worth while Technical & Fundamental Analysis of individual stocks and the major stock market indexes. Apart from having to sit through countless annoying adverts for the Charlie Rose Interview show, Bloomberg is a good source of information. Also before tuning in to Bloomberg, you will need to work on your news filter. By this I mean you need to practice filtering out the un-important news from the important news. This article on playing the news will help.
Bloomberg also have other very interesting information sources on the website.
Bloomberg Futures – it is very important to review the futures before the opening bell. This will help you assess whether the trading day will turn out positive or negative. Futures contract are traded globally 24 hours a day and can be a good indicator of the direction of the actual market before the opening bell rings. Stock Index Futures are the ones to look out for. If the Futures Contracts for the SP-500 are soaring before the opening bell it is fairly certain the market will open up. This might help you decide that today is the day to buy that stock you have been watching. Also if the futures trading is strongly negative, you might wait for later in the trading day to see if the market recovers from the negative open before you buy that stock.
Bloomberg Economic Calendar – this can be useful for a quick weekly check to see if there are any macro economic announcements due. Things to look out for are the Federal Reserve, European Central Bank or other reserve bank announcements especially regarding Monetary Policy (Interest Rate or Money Supply Chages etc)
Bloomberg World Indexes – a snapshot summary of the current state of play in the major world stock market indexes
One excellent source of information on an individual stock or company which you might not be aware of is TDAmeritrade. You will not need an account with TDAmeritrade to access this information. TDAmeritrade lay out the information in a very easy to digest way.
Also on the Earnings Tab you will find the corporate earning announcements and future earning estimates presented in bar graph format which gives you an easy way to visualize if a company is making good steps forward in earnings or experiencing earnings acceleration.
As promised I have released the – Introduction to the Liberated Stock Trader PRO – PREMIUM Stock Market Education FREE onto the PODCAST Series.
Why? So you get a feel for the Premium Training what it covers, and what you will learn.
Introduction to the Liberated Stock Trader PRO Training Course. Released Today June 18th 2010
- What will I learn?
- Bears, Bulls, Short, Long
- The war between the Fundamentalists and the Technicians
- Technical Analysis and Fundamental Analysis
- Fundamental Analysis
- Technical Analysis
- Economic Theory
- The best approach
- Dow Theory
Chapter1. Part 2 Essential Knowledge. Release Date July 2nd 2010
- The Stock Traders Checklist
- 5 mistakes to avoid right from the start
The Liberated Stock Trader PRO Training is priced at a bargain $239, so if you like the Introduction or Chapter 1 of the series, get on board now.
Even if you do not have an iPhone or iPod Touch, you can use this PODCAST RSS Link to get the updates in whatever media player you wish.
So register for the PODCAST now.. it is FREE after all, what do you have to lose
Telechart 2007 by Worden Brothers Inc. better known by it’s old name of tc2000 has been on the markets for many years. Due to this fact is has many mature and extremely powerful features.
I have been a member of the Telechart community for over 10 years from a wet behind the ears beginner to an experienced Trader. Through this maturing experience I have used Telechart religiously to provide a view of the US Stock Markets that I do not believe is available anywhere else.
This is a detailed review of the Worden Telechart tc2000 / 2007 Stock Charting and Screening Package, the tool that I actually use. I have been a member of the Telechart community for over 10 years from a wet behind the ears beginner to an experienced Trader. Through this maturing experience I have used Telechart religiously to provide a view of the US Stock Markets that I do not believe is available anywhere else.
I have reviewed many Stock Charting (Technical Analysis) Packages over the years but in my opinion NONE offer what Telechart offers, a fantastic price with an excellent array of features, but Telechart offers you much much more.
· Powerful screening and sorting.
· A huge user community.
· Individual Stock Analysis by Don & Peter Worden
· The Daily Worden Report, by Don Worden
· Proprietary Indicators (TSV, Money Stream & Balance of Power)
· “The Knights of the Round Table”
Telechart not only allows you to plot charts, it enables you to learn from the best and see how they Analyze Stocks and do what they do. Even better they encourage you to “Think for yourself” this is after all one of the goals of the Liberated Stock Trader, “enabling you with the tools and the knowledge to make your own decisions, to impact your future”. I hope this review of tc2000 Telechart 2007 is useful to help you assess what charting package is right for you.
Barry D. Moore
Learn Stock Market Trading and Investing with FREE Education and Training on Stock Screening, Stock Charts, Candlesticks, Technical Analysis & Fundamental Analysis and Stock Chart Indicators, Trading Academy Membership is free register here.