What is the point of day trading software? Well, the main reason is that it gives SPEED in your day trading activities. Instead of spending hours analyzing market data and research, you can get all the information that you are looking for in a few seconds or minutes with the click of a button.
Here are some of the features you can expect to find in day trading software:
Day Trading Platform
You can get all the tools you need to aid you in your day trading career, by using the platform included in many software programs. Tools such as charting trends, watch lists, test trades, and many more.
Many of the software programs have all of the latest news, views and data from the marketplace, which is easy to retrieve through a connection to various news feeds and commentary,
As we step into the mobile age, day trading software is staying right on the cutting edge of technology. Many of the top programs now feature mobile phone apps and SMS alert services that can connect you to the software and keep you right up-to-date with the latest day trading information.
How Much Does Day Trading Software Cost?
The cost varies depending on the software you choose. Some programs charge a monthly subscription to use the software, while others charge a one off fee that gives you lifetime access along with regular updates.
Bear in mind that you may also have to pay additional costs to use a data service provider, that connects to the day trading software and supplies the required information to things such as day trading charts.
Here are Some of the Top Day Trading Software Programs Currently on the Market:
Used by many day traders, eSignal is a market leader and has been around for many years.
The software comes complete with various tools and features, such as charts, scanning and analyzing. There is also a data feed included in the package, so you can quickly and easily get real time market information to help you with making decisions.
Available as a one-time payment, MultiCharts is a well known day trading software program that offers a variety of charts, automatic trading options, and customized scenario technology.
The program also works with multiple data feeds, meaning all the information you need is only a click away.
With a range of market data feeds to choose from, and a host of different tools available, NinjaTrading is always a popular choice.
One of the main downsides to NinjaTrading is that they don’t currently offer any telephone or live chat support, which means it can take some time to get your questions answered.
Also, they don’t yet offer any mobile services such as SMS or Apps, which are widely available with other software programs.