| I suggest that you do not spend a lot of money on | | | | - How can the price data get updated and what data |
| charting software as most perform very similar | | | | providers are there? |
| functions. Often the price is inflated to capitalize on | | | | - Does the software have its own programming |
| the mentality that expensive is better. A software | | | | language? |
| package under $1000 will perform all of the tasks | | | | Personally, I recommend MetaStock and I have used |
| required by even the most advanced traders. | | | | it for years. It contains just about every bell and |
| The perfect charting software needs to be the most | | | | whistle a trader would need. It is easy to use and |
| powerful technical analysis tool no matter what you | | | | allows you to scan the market looking for only those |
| are trading ..... stocks, futures or currencies. | | | | trades that exhibit your entry rules. This function |
| Unfortunately, of the thousands of people why buy | | | | alone is an invaluable tool that almost completely |
| charting software, only a handful ever put it's true | | | | automates my trading system.. |
| technical analysis potential to good use. | | | | MetaStock has been the standard in stock analysis |
| Imagine being able to quickly and easily find high | | | | software for many years due to its affordable |
| potential, lowest risk trading opportunities each day. | | | | platform, advanced features and large user base. |
| What would it mean to your lifestyle if you could | | | | With any stock analysis, software that you settle |
| uncover what are potentially the most lucrative | | | | upon, it is always helpful to know how many other |
| stock, futures or currency trades easily and quickly | | | | people use the software. This provides a free |
| and then profit from this information? | | | | resource for tips, tricks and general help using the |
| Do you think your trading (and your life) would be | | | | application. |
| more fun? | | | | No matter what charting software you do decide to |
| The following is a brief guide to some areas to | | | | go with, just a word of advice. It is important to |
| consider when selecting charting software that will | | | | recognize that software is simply a tool that aids a |
| help you achieve this goal: | | | | trader in undertaking their business activity. There is |
| - Does the software contain the charts and indicators | | | | no such thing as a software package that does |
| you require? | | | | everything for you. Avoid any packages that gives |
| - What kind of database does it use, ensure there | | | | buy and sell recommendations. Commonly referred to |
| are multiple data providers out there? | | | | as black box programs I have found, with rigorous |
| - Is historical data readily available for the database | | | | testing, these packages simply do not work. |
| format? | | | | |