Stock Software

EconomyWatch
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The taxing practice of weeding out bad stocks from good ones has been simplified by stock software. Stock software have become increasingly sophisticated and may even become capable enough to replace brokers in times to come. Nowadays, stock software can give a rough idea of the expected direction of share prices by predicting the daily opening price. Eventually, a trader can plan his trading on the basis of daily price forecasts. Stock software also facilitate the calculation of the average price of a security. By tracing the movement in average prices, traders can estimate profitable price targets. Stock software can even identify the previous patterns of a profitable/successful investment.

Features of Stock Software

Typically, a stock software program:

  • Implements technical analysis to analyze live stocks, creating signals for buying and selling. The parameters of this technical analysis can be changed by users.

  • Monitors ups and downs to identify growing or declining stocks at different indices. It compares minute by minute movementsin stock prices.

    • Assesses the performance of a range of stocks existing in a portfolio.

    • Records the trends in the upward and downward movements in stock prices. It applies probability and statistical calculations to the same, recommending buying or selling on the basis of results.

    • Analyzes up to 60 candlestick chart patterns and keeps an inventory of chart signals displayed over a month or so.

    • Compares stock quotes at global indexes in a split second.

    • Uses mathematical parameters such as price-to-sales ratio, revenue rank, up/down volume ratio and EquiVolume, to identify profitable stock options.

    Tips to Choosing a Good Stock Software

    The market is flooded with a variety of stock software. Consider the following for choosing an appropriate one:

    • It should have a 24-hour technical support service.

    • The software must be easy to use. The navigation and user interface should be simple.

    • One could opt for software that offer a money back guarantee.

    • Go through a free trial before making the final deal.

    While it is certain that a stock software program does simplify stock investing to a great extent, nothing can replace an investor’s experience.

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