Basically, your trading software should have all the necessary information that you need for both technical & fundamental analysis, or either of the two depending on your trading inclinations to research, set your investments goals and make investments Plans.
Send reminders that will help you decide, whether or not you should buy, sell or hold stocks that you currently have in your investment portfolio. This can be accomplished by way of a computerized software program that can assist you in making your decision based on one of three core components of stock market trading, namely:
- Technical indicators – which use one of a number of different methodological theories (of which there are 8 different principal strategies), known as indicators, which help investors to formulate their short-term and long-term trading patterns. Technical indicators are sometimes complex formulas that use previous trading activities to try and formulate future stock trends; thus helping you to determine whether or not you should be buying, selling or holding a position you have.
- Charts – the second aspect central to any stock market software program should be stock charts. As is the case with technical indicators, and often used in conjunction with technical indicators, stock charts use information collated about a particular chosen stock to help determine trends. Again, using the information collected, which you can review in the form of different types of charts, you can then decide whether you think this is the right time to buy, sell or hold your position.
- Ticker-tape prices: one of the most important aspects to trading stock is time. It is vital that traders use time, as far as possible, to their advantage. Thus, it is crucial that any stock market software you have provides you with real time ticker-tape prices.