| When you invest in the stock market today, | | | | per share and profit per share. |
| technology makes the investing a lot easier than it | | | | The third type of software is designed for the short |
| was for the earlier investors. There are various types | | | | term investor. These offer services to help pick the |
| of stock market software available, with each | | | | right stock to show a quick increase and get out or |
| performing a different task. | | | | give you information on the stocks that you select. |
| The first type of software is one that tracks your | | | | The vast majority the day trader or short term |
| purchases, calculates the return and does all the | | | | investor stock market software depends on the user |
| functions necessary for tax reporting purposes. This | | | | to pick the stock, then analyzes the movement of |
| type of software is primarily for your benefit as a | | | | the stock. It frequently gives the curves and |
| scorecard. The importance of keeping good solid | | | | movement spikes and dips but expects the user to |
| records of date of purchase, price per share and | | | | understand the meaning of these. Most of the |
| number of shares and date of sale, price per share | | | | programs are difficult for the novice investor. |
| and number of shares becomes very apparent at tax | | | | Various programs on the market select stocks, |
| time for the year of the first sale. Without these | | | | however most of these are also designed for |
| records, not only does it make it difficult to do a tax | | | | brokers and choose stocks that are large or mid-cap. |
| return, you never know how well you're doing. Use | | | | One program that seems different from the run of |
| of a simple chart in Excel is often adequate , but | | | | the mill software uses not just a program to track |
| there are special programs for this if you prefer not | | | | the stock, but actually sort through thousands of |
| to design your own. IndigoWind created StockTick | | | | stocks, all of them penny stocks, and that makes it |
| offers a free portfolio manager and stock tracker. | | | | unique. Many companies use this type of automated |
| A second variety of stock market software is for | | | | software, and the price is not cheap. The site offers |
| the longer term investor. This software helps the buy | | | | the software, but for those with a limited |
| and hold buyer. The software looks for investment | | | | pocketbook, it also offers a newsletter to a limited |
| safety and long term growth factors and predicts | | | | number of people that gives stock picks from the |
| the long term potential of the stock.. The underlying | | | | automated software. |
| fundamentals of the company are used instead of | | | | When you look for software, make sure that you |
| the stock price movement. These programs look at | | | | read carefully and discover exactly what it does. |
| the earnings growth from a period of years and use | | | | Often there may be information that you need to |
| the percentage of growth increase to predict the | | | | understand before the software is beneficial. Novice |
| future. They often use historic information on debt | | | | investors need to start with a simple, easy to |
| structure and the sector to further hone their | | | | understand format when they use stock market |
| prediction. Other types of programs use CAPM, | | | | software for picking stocks. Everyone needs to use |
| capital asset pricing models, to calculate the return of | | | | some form of tracking profits, whether it is a |
| capital potential and see if it fits into the portfolio | | | | software program or a paper and pencil. |
| they have. Another bit of information used is sales | | | | |