What Are Some Recommended Software Programs for Stock Trading?


Quick Answer

Recommended software programs for stock trading include NinjaTrader, eSignal, MetaStock, Worden TC2000 and EquityFeed Workstation, according to Investopedia. Other trading software includes Wave59 Pro, VectorVest, ProfitSource Platform and INO MarketClub. These programs offer technical indicators and fundamental data, enabling easy trading.

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Full Answer

NinjaTrader offers customization and third-party library integration compatible for more than 300 add-on products for easy placement of orders, notes Investopedia. The software boasts research tools, technical fundamentals and a trade simulator, which allows up-and-coming investors to engage in low-risk trading. In addition to offering coverage across multiple asset classes globally, MetaStock has at least 300 technical indicators, technical fundamentals, built-in trading tools and integrated news.

ESignal provides various asset classes, including bonds, funds, stocks and derivatives, states Investopedia. TC2000 has a user-friendly interface, drawing tools, about 70 technical indicators and backtesting capability. The program comes with features such as instant messaging, alerts, news, watch lists and charts. EquityFeed offers Level 2 market data and has a tool that enables scanning and sorting of stocks.

Wave59 features pattern building and matching, system testing, market astrophysics, an artificial intelligence module and integrated order execution, explains Investopedia. VectorVest is comprised of charting and filtering tools, backtesting features, watch lists and customization. ProfitSource offers more than 40 technical indicators, Elliot Wave analysis, backtesting tools and global coverage across multiple asset classes, including funds, equities, options and futures. INO MarketClub has charting, filtering and quantitative analysis tools.

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