Are you interested in the best online stock market resources? These are the most important tools and website you need to know and add to your trading arsenal.
In this review we break down the top 20 stock market website and resources to the top 5 in each of the following 4 categories:
- Top 5 Stock Market & Financial News Providers – will share the best sources of news on the web
- Top 5 Stock Market Software Vendors – will reveal the best stock market software for trading success
- Top 5 Educational Products – the best stock market training courses on the web
- Top 5 Free Stock Charting Websites – will highlight the best of the free stock chart websites
So let’s start with our top 20 review for 2017.
Top 5 Stock Market Resources & News Providers
Having fast access to real-time news and breaking alerts on events in the stock market can provide a significant edge and add to your trading success. Here we reveal the best sources of news and rumors on the web.
Benzinga is one of the fastest growing real-time news providers. Its articles are well written and all focused on actionable trading ideas. This is quite unique and an excellent source of inspirations when you are searching for your next trade.
Benzinga PRO adds the real-time element to the news so you get the edge before other investors. Benzinga PRO has a browser-based real-time news feed and the boast that their news is so quick that they can consistently alert you to stock moves before Wall Street has a chance to act. They also have real-time audio alerts which are absolutely unique.
The Pro service is well worth trying especially as they have a risk free 14-day trial. See for yourself at Benzinga PRO
Benzinga Mach II offers:
- Full access to the entire Benzinga news-feed Real-time
- Real-time market commentary – giving you expert stock analysis and previews to upcoming events
- Customizable watch-lists – enabling you to see real-time news on stock you are interested or invested in
- Calendar access so you know what is about to happen and how the market might react and also the importance of the announcement on the move. This is further sub-divided into Economics announcements that can move markets, ratings shifts, mergers, and acquisitions news, splits, IPO’s, retail sales, and conference calls. You name it Benzinga PRO has it at your fingertips.
- Trading ideas is a nice touch with insights into potential moves that you could profit from
Mach III offers in addition to the above benefits:
- Real-time Audio News – this is really impressive, I have it open whilst watching the markets so I do not need to be watching the screen. Every 2 minutes a real-time audio feed announces the latest news via my speakers – this service is worth the upgrade to Mach III. As I am writing this an announcement came through that Novartis got FDA approval for a new drug. I just checked online this is not on the web yet.
Mach IV – this is the service I am using and although the price is a significant upgrade from the Mach II and III offerings it does provide in addition to the above:
- Sentiment Indicators – this is a really excellent feature that allows you to feel the sentiment of the analyst who submits the news item, this is rated as 1 to 3 bulls or bears depending on how the analyst feels the news will move the stock. This is unique and a great asset.
- Chat with News-desk Feature – wow this allows you to question directly the Benzinga news desk to deep dive into your own specific questions – straight from the hub of the news.
- Exclusive CEO comments – Benzinga Analysts have frequent exclusive interviews with CEO’s and the publish exclusively key comments that may provide key insights into a stock you own.
- In person Event Coverage at live earning announcement events – if you trade earnings this is your ticket to sitting at the event itself getting analyst feedback as it happens.
eToro brings to the table something unique. The ability to follow and copy traders with proven verifiable track records. You get instant alerts on the trades they are making. Each trade is logged through eToro and the wins and losses are therefore verifiable.
You can search for:
- Do they trade Stocks, Commodities, Indices or Currencies
- How active are they (% in weeks)
- How many trades have they made
- What their weekly drawdown is
- What percentage of profitable weeks they have had
- Their overall gain
- How many followers they have
The service is free for the copier, the traders get paid a portion of the profits they earn with your money and if you select for example to copy a trader and lay down $1,000 when they trade through the system your trades are automatically made also. If they make 20% in a year you will also.
It is a fascinating system with clarity into the track record of the traders you copy. Of course, if they go on a losing streak so do you. But this is truly an innovative product worth investigating further.
Go here for a more in-depth review of eToro
The Street does not provide real-time news but it does have a number of Stock Advisory Services. A highly popular site that is well established having been around for a long time, The Street is focused on providing premium services for investors. For example, you can subscribe to various newsletters with celebrity advisers like Jim Cramer from the CNBC TV show Real Money.
A summary of the type of advisory services they have is below:
Action Alerts PLUS – Trade alongside Jim Cramer and his team – Jim Cramer’s Action Alert PLUS
Quant Ratings Service uses an in-house algorithm to recommend stocks with a high potential for significant increase – TheStreet Quant Ratings
Trifecta Stocks – a system using quantitative techniques, fundamental analysis and technical analysis
Action Alerts for Options, Stocks Under $10, Dividends, and Growth Products are also options.
I have not seen to much evidence of a solid track record of winning in these products as they are not published and also they are not recommending the exact buy or sell per minute. However, they may spur idea generation in stocks and the surrounding strategies. The individual advisory services are not expensive ranging from $10 to $40 per month, how beneficial they are is up to you to decide.
Seeking Alpha is a content-rich opinion based website that has a wealth of information. Articles are submitted from investors detailing their opinions regarding the valuation and future direction of stocks. Most of the articles are very well written and contain solid and often honest analysis from the perspective of the author. Authors are also required to disclose if they have a position in the stock they are talking about.
Bloomberg is one of the powerhouses of financial investing news services, catering primarily to Wall Street and Institutions, many of which pay a lot of money for the real-time feeds and core market intelligence the Bloomberg Terminals bring. The Bloomberg TV stream over the Internet is a resource-rich multimedia experience and contains mostly high-quality reporting. Trading during the day, have Bloomberg TV running in the background keeping you up to date with the latest market developments. One drawback is too many adverts, repeated over and over again, however, it is still a good news service.
TOP 5 Stock Market Analysis Software Packages
Review Score 8.71/10
Recommended for those who need excellent real-time news, access to a huge stock systems market and powerful technical analysis with global data coverage all backed up with excellent customer services.
The latest release of Metastock XV has been a big hit with improvements across the board. with huge improvements in Scanning, Back Testing and Forecasting making this one of the best offerings on the market.
Pricing and Software 10/10 – MetaStock is one of the biggest fish in the sea of stock market analysis software. Backed up by the mighty Thomson Reuters you can expect excellent fast global data coverage and broad market coverage including equities, futures, Forex, ETF’s and options.
Trade Management 4/10 – MetaStock does provide broker integration but the execution of trades from charts and live integrated P&L analysis is limited.
Fundamental Scanning and Screening 10/10 – Using Eikon you can see a really in-depth analysis of company fundamentals from debt structure to top 10 investors, including level II. Excellent watch lists featuring fundamentals and powerful scanning of the markets gets a perfect 10
News 10/10 – MetaStock 12 has full Eikon integration with institutional level news, analysis and outlook. This is the fastest global news service available on the market including translations into all major languages.
Technical Analysis 10/10 – Forex forecasting based on sentiment is a feature that is absolutely exceptional. Never mind the broadest selection of technical analysis indicators on the market today. MetaStock is the king of technical analysis warranting a perfect 10.
Stock Systems and Back Testing 9/10 – Another area where MetaStock excels is what they call the expert advisors. MetaStock harnesses a huge amount of inbuilt systems that will help you as a beginner or intermediate trader understand and profit from technical analysis patterns and well-researched systems. This is really a key area of advantage. The biggest addition to the MetaStock arsenal is the forecasting functionality which sets is apart from the crowd.
Ease of Use 8/10– MetaStock still has the feel of a collection of separately developed applications that require user’s education to make them work together. However, with the huge selection of automated expert advisors you can deploy on the selection of stocks in your purview make MetaStock well worth the investment.
Telechart 2000 Review – Worden Brothers Inc. – 8.71/10
Telechart has long been one of my favorite tools, I have been a subscriber for over 15 years and find the latest release 12.x to be a huge step forward. Endlessly customizable and scalable the platform offers nearly everything an investor may need.
Pricing and Software 9/10 – Telechart is a big hitter when it comes to software and pricing. Telechart runs on everything – your iPhone your Tablet, your Mac and your PC. It is priced very reasonably with a simple pricing structure. Why does it not score a straight 10/10? Only because it’s data coverage is U.S. and Canada only and it does not cover options, futures, forex or bonds. However, it was not designed to cover those. If you trade U.S. Stocks, ETF’s or Mutual Funds, then this may be a good solution. Wordens also provide live weekly training seminars which are of a very high quality.
Trade Management 9/10 – Currently Telechart is only integrating with TD Ameritrade, but if you are using TDA as your broker then the portfolio integrations and trading from charts work well.
Fundamental Scanning and Screening 10/10 – Make no mistake about it, if you want fundamentals screened in real-time layered with technical screens all integrated into live watch lists connected to your charts Telechart is a power player.
News 7/10 – While Telechart does not have a perceivable Real-time news element, it does have integrated news, but what sets it apart is it has a daily Market Commentary from Pete Worden and a very active community sharing trading ideas and banters in a live chat window. It certainly provides some entertainment while your stocks are moving sideways.
Technical Analysis 8/10 – Telechart has an excellent array of technical indicators and drawing tools, all the big ones are there, from OBV, RSI and Bollinger Bands to Fibonacci Fans and Andrews Pitchfork. with over 70 different indicators you will have plenty to play with. They have also introduced live alerts which you can configure to email or pop up if an indicators or trend line is breached. Very useful indeed.
Stock Systems and Back Testing 8/10 – Worden Brothers also have a little secret when it comes to developing backtested systematic approaches to trading. With a platinum membership to Telechart you also receive a tool called Stock Finder. Stock Finder is one of the single most powerful intuitive point and click system development tools on the market today. No programming required. That is saying something because it is up against some very stiff competition in this space. Although Stock Finder cannot be used to automatically place trades, it’s ease of use still warrants a 8/10 rating, despite development on the tool being halted. My request to Worden Brother is to integrate the GUI aspects of Stockfinder directly into TC2000 and improve the P&L analysis in the backtester.
Ease Of Use 10/10 – One of the easiest to use and most powerful packages available places the icing on the cake for the Worden Brothers.
Review Score 8.43/10
Recommended for full broker integration, trading off charts and frequent traders. A great price point of FREE for brokerage clients.
TradeStation is a leading brokerage house with excellent execution and low commissions but did you know they have great software also. Joint winner in the review TradeStation offers enough in its software and broker integration to stand tall with the other vendors.
Pricing & Software – 9/10 – With a price point of Free for Brokerage clients and awards from Barrons for the software TradeStation is a force to be reckoned with. Excellent customer service, good training and global market data coverage warrant the highest rating in this category.
Fundamental Scanning & Screening – 10/10 – TradeStation offers an excellent array of choice and flexibility in market screening and filtering, but not just on volume but a host of fundamentals, including exotic data such as commitments of traders, insider traders and even number of company employees. You can literally screen on anything you think will get you an edge in the market. You also get what they call radar screen which is really fast with integrated alerting.
News – 8/10 – TradeStation has real-time news which is an excellent service but only fails to score top marks here because it does not provide market commentary or a chat community. But do you really need that? Some people do, its a factor to consider.
Technical Analysis 9/10 – With over 145 different technical indicators TradeStation packs a big punch in the technical analysis space. The charts could be a little more intuitive to use which is why it does not score a perfect 10.
Stock Systems & Back Testing – 8/10 – TradeStation have also cultivated a systems and strategies marketplace called the “Strategy Network” where you can purchase stock market systems from an ecosystem of vendors or even contract someone to develop your system for you in the “Easy Language” code. No perfect 10 in this round as you will need to learn code to develop your own system.
Ease of Use 8/10 – TradeStation is easy to use, but extremely powerful also. It is probably due a face-lift to make it more intuitive to use, but none the less a good score of 8/10 is warranted.
TradeStation was ranked Best by Barrons:
- Best for Frequent Traders
- Best for International Traders
- Best Trading Experience and Technology
Optuma by Market Analyst – 8/10
Recommended for professional frequent trading investors, who value a slick touch-enabled interface which operates well with Bloomberg feeds and terminals, premium features and the best Gann Analysis toolset on the market.
Market Analyst has been in the market for almost 20 years and they cater to individual investors as well as to fund managers
Pricing and Software 10/10 – Market Analyst is at the top end when it comes to price and you will need a powerful PC to run it, but with IQFeed, GFT and MT4 data integration’s, great customer services and the full range of instruments covered (Stocks, EFTs, Mutual Funds, Options, Futures, FOREX, Bonds) for the premium price you get the premium package.
Trade Management 5/10 – While you have the ability to place trades from charts, MA7 does not have a full suite of broker integrations.
Fundamental Scanning and Screening 10/10 – A perfect 10 for fundamental sc screening for MA7. A well thought out real-time scanning and filtering engine and the fundamental watchlists are well implemented
News 3/10 –MA7 does have news integration if you have the data feed in place.
Technical Analysis 10/10 – Another perfect 10 for MA7. A fantastic array of technical indicators and drawing tools. Specializing in Gann tools with a full suite including Gann Grid Lines, Gann Fans, and Gann Swing. Also included are Elliott Wave and Darvas Box, the full set of exotic indicators are present. To top it off they have also implemented an excellent astrological analysis suite as an upgrade for those of you who believe in that sort of thing, yes commodity traders I am talking about you :).
Stock Systems and Back Testing 10/10 – Market Analyst has back-testing well covered also, with a well implemented backtesting and system analysis toolset. Best in class up there with MetaStock and QuantShare as the industry leaders, but unlike the others you to not need a Ph.D. in mathematics to setup and test your system.
Ease Of Use 8/10 – This is another high score for Market Analyst 7. This score is only beaten by Tc2000. That says a lot for Market Analyst as it is an exceptionally powerful tool. The interface, the shortcuts, the whole thought process implemented into MA7 warrant this high score in an important section. They also have an extensive video training library which is very valuable to the new customer.
QuantShare – 7.71/10
Recommended for investors who do not need real-time data feeds but value a huge selection of user-generated systems, watchlist and powerful technical analysis tools.
QuantShare was new to me and I was pleasantly surprised with the feature set.
Pricing and Software 8/10 – An extremely cost-effective solution with integration into new social media outlets like StockTwits.
Trade Management 7/10 – While QuantShare enables some features in this space, they probably do not cater for your broker
Fundamental Scanning and Screening 8/10 – There is certainly a huge selection of fundamentals to be able to scan against, the usability could be improved. Watch-lists can be tricky to set up. Further development required here.
News 7/10 – Including news and the StockTwits integration save the day here for QuantShare, the news is not real-time but certainly does add value.
Technical Analysis 9/10 – With the largest selection of technical indicators to choose from (520+) this package leads the way in the chart analysis stakes.
Stock Systems and Back Testing 10/10 – There is a huge selection of shared systems and the ability to backtest them.
Ease Of Use 6/10 – This software package is not the easiest to use and the interface requires serious development effort. The learning curve will take a time investment on your part.
Top 5 Educational Products
In this section we take a look at the best ways to educate yourself in the workings of the stock market.
Liberated Stock Trader PRO – Training
Although we should not add our own product here as it may seem biased, we do believe that the Liberated Stock Trader courses offer very high-quality training at a very good price.
The Liberated Stock Trader Pro Package includes 16 hours of high-quality video professionally delivered to ensure you learn every facet of the training course.
The course is broken down into 27 modules individually delivered by the author to bring together the theory and the practice to make a unique learning experience.
The video is streamed over the internet and you will have LIFETIME ACCESS. You can watch it in the comfort of your own home. You do not need to travel to a seminar or pay hotel or flight costs.
We believe that the only person you can trust with your investment is yourself. Check out the full range of Free, Low Cost and Premium Stock Market Training here.
Marketfy is essentially a marketplace for training courses and trading rooms you can join to trade with the trader. Trading rooms is a concept whereby you connect to the head trader and he shares his desktop and you can essentially watch over their shoulder and trade with them asking questions and learning as you go.
The Marketfy Explorer package allows you to check out multiple rooms or trading packages that meet your needs.
They offer a range of educational products as well and vetted and tested trading rooms I have personally spoken to the folks over at Marketfy and it is well run with good support.
They offer packages covering Futures Trading, Forex and even Cannabis Trading they call the “Green Rush”. Well worth a try.
Read a Book
Self-education can be a good source of information to get started and reading the best books in the business is a great place to begin. Read our review of the Top 20 Stock Market Books ever written.
Listen to a book
Do you not have time to read a book, then do what I do listen to one. Our review of the Top 20 Best Audiobooks provides you a list of entertaining and educational stock market books.
Top 5 Free Stock Charting Websites
In this section we review the top 5 free websites providing stock charts. Although inferior to the premium packages they do offer value to the investor on a low budget.
FreeStockCharts.com Stock Chart Review
This package has it all.
- a vast array of indicators
- candlesticks, OHLC.
- the ability to plot Trend lines not only on price but on all the indicators
- Fibonacci Lines / Fans / Arcs
- free mealtime streaming Price & Volume
- intra-day 1 minute – 1 year per bar
- integrated portfolio management,
- streaming News, this is invaluable
- Fantastic User Interface
- Also with the premium version there is powerful Stock Scanning built in.
This tool is way ahead of the pack.
The Liberated Stock Trader uses Telechart 2007, to screen, sort, and find winning stocks, and FreestockCharts also comes highly recommended.
TradingView.com Stock Chart Review
TradingView have a breathtakingly good interface, with top quality interactive charts and a wealth of indicators. Nothing to install on your PC, you can simply register and be able to maintain your own watch list and portfolio.
There is a breaking news window and also the ability to comment and share charts with the community. They are very strong in the social community and that can be a big bonus when starting out.
I am really impressed with this new entry for 2017 going straight in as a review winner. It is a well rounded free service that even offers minute my minute data provided by the BATS exchange and even after hours price quotes.
For free there is a huge selection of indicators, drawing tools and it is fully interactive.
They also offer a premium service to rival the best software vendors out there. Check it out at www.tradingview.com. The PRO plan is very cost effective starting at $9.95 per month and that gets you real-time charts AD free services, and SMS alerts
Worthy of strong consideration are StockCharts.com, who also come with a solid recommendation. Worth commending are the sharp charts, which are visually very impressive, and its array of exotic indicators may excite the more advanced investor. One thing to mention this service offers excellent Point and Figure Charts, which to my knowledge no other free service offers.
Missing trend lines, rolling EPS, and a weak news service do not do it justice. They do also offer, like the other service providers, a monthly Membership service with increased functionality.
Reuters: Stock Chart Review
With its powerful news reporting and RED Green Candlestick plotting Reuters does have a lot to offer, coming in Joint second with Yahoo. Missing a rolling EPS indicator combined with its lack of trend lines, takes it out of the reckoning for overall leadership.
What I really like is the ability to plot breaking news for a stock on the chart itself this is really what sets it apart from the other charting tools.
Yahoo Finance: Stock Chart Review
Yahoo like Google offers no trend lines, but does offer 9 sub windows with a healthy array of indicators to plot in those windows. Yahoo has updated its interactive charting experience, it is a clean experience and full screen, so now it is actually very good indeed.
Coming in higher than Google in our review, Yahoo it seems, can do at least one thing better than Google.
Finally – Read a Great Blog
Here is a list of great stock market blogs & websites hand picked by Liberated Stock Trader
Value Stock Guide – Provides insightful lessons on Value Stock Picking and the Stock Market also with a regular newsletter and advice.