Stockstotrade Review is an apt tool for savvy traders who want to streamline multiple trading platforms. The site offers market scanning, chart indicators and news streams in one place. It also features Oracle, a tool that can identify profitable trade opportunities.
The charts offer advanced technical analysis and are easy to use. They are loaded with essential momentum indicators. Users can also display Level 2 data and news around a chart for a more holistic view of a security.
Choosing the right trading platform can be difficult, especially when there are so many options. Traders need to be able to follow stocks and market trends, track news alerts, and analyze charts. This can be a lot to handle in one day, so it’s important to find a platform that offers all of the features you need in one place. Luckily, there are several options that do just that. One such option is stockstotrade, a trading software platform that combines charting, technical analysis, and scanning tools. Unlike other trading platforms, stockstotrade also includes Level 2 securities data, a tool that can be extremely helpful for traders.
The platform’s charts offer a wide range of common technical analyses, which can help traders conduct quick analysis. They also allow users to choose a timeframe for their charts, which is convenient when looking at short intervals over a moderate timescale. However, the platform’s default charts do not make it easy to view a large number of stocks at once, and there are some limitations when it comes to adjusting the x- and y-axes.
Stockstotrade also offers a variety of built-in scans that can be used to compile watch lists. Its ORACLE scanner, for example, searches thousands of past big winners to locate current stocks with similar characteristics. The software also displays a visual range of how much the stock could rise or fall, which is an important feature for swing traders.
Aside from the built-in scans, the platform allows users to create their own custom screeners based on various criteria. Its news feed pulls in updates from multiple sources, including the Wall Street Journal, MSN Money, Twitter, Yahoo Finance, Seeking Alpha, and Finvix. Users can filter the news by topic, keyword, or stock. It is possible to set up alerts for watchlist stocks that break resistance levels or technical support, which can be useful when making trades.
Another advantage of StockstoTrade is its ability to display Level 2 data side-by-side with charts. This is a major benefit for anyone who wants to gain a deeper understanding of the price dynamics of a security. The program also provides a number of useful tools, such as a price trend line and an option to add market indicators.
Stockstotrade offers a variety of tools for traders to use to find the next breakout stock. These include a visual stock scanner, Level 2 securities data, and Oracle algorithmic scans. While these features are helpful, they come at a cost. Compared to other trading platforms, StockstoTrade is expensive. It also offers a free trial period so traders can test the platform before they decide to pay for it.
The website includes a range of technical price and momentum indicators on its charts, which can be added to the screen with a single click. This is a great feature for traders who need to quickly analyze stocks. However, it comes at the expense of flexibility; adjusting the timeframe of these indicators requires navigating through multiple menus. The site’s charts are also not very clear, and it can be difficult to see short intervals on a moderate timescale.
Another notable feature of stockstotrade is its Level 2 securities data, which allows users to see the depth of a stock’s bid and ask prices. This is a valuable tool for swing traders who want to beat the market by finding promising stocks before they break out. The software also includes a free Oracle algorithmic scanner that gives users a list of 5 to 10 promising stocks for the day.
In addition to these features, stockstotrade offers a variety of educational resources for traders. Its videos and webinars cover a variety of topics, including day trading strategies and trading psychology. The website also offers a 7-day trial for only a dollar, which is perfect for new traders. The only downside is that the business model taught by the program is not sustainable, and it may not be worth the initial upfront investment.
Stockstotrade provides a range of tools for day and swing traders to perform detailed technical analysis. These include a visual stock scanner and advanced technical charts that make it easy to find opportunities. The software also includes Level 2 securities data, which is a major benefit for swing traders who want to be alerted when a stock is about to break out. Some traders have reported lags in the software, which can be frustrating.
Traders should seek the advice of a qualified securities professional and investigate all risks before making any investments. Neither stockstotrade nor any of its employees or representatives represents or warrants the solvency, financial condition, or investment advisability of any company mentioned in communications with customers or on this website.
Designed for day traders, StockstoTrade offers tools that help you identify and evaluate stocks in real-time. It also helps you recognize the emergence of momentum in specific markets. For example, if you’re trading AMD and suddenly see an alert for MU that shows potential momentum, it’s important to act immediately. This will help you avoid big losses and improve your profit potential.
The platform’s charts are pre-loaded with a wide range of common technical price and momentum indicators, including moving averages, stochastics, MACD, Bollinger bands, and pivot points. The charts also feature a convenient customization panel that allows you to adjust the settings and colors of your indicators. However, a disadvantage of the charts is that they’re difficult to read on a moderate timeframe, and there’s no way to modify the x- and y-axes without using multiple menus.
Another major benefit of this platform is its Level 2 data, which allows you to get detailed insight into a stock’s bid and ask prices. This feature is available to all subscribers and can be displayed side-by-side with any chart. This is a unique feature that’s not found on other similar platforms.
The stock screener is a powerful tool that can be used to find the best stocks to buy and sell. It can find the top-performing stocks in any sector, and it has a wide selection of custom filters to choose from. It also includes a number of pre-defined scans, which make it easy for traders to find their ideal stocks.
The software is easy to use, but it can take a while to learn how it works. It’s best to start with a free trial version to get a feel for the software. This way, you can test it out and decide if it’s worth paying for. Once you’ve tested it, you can then upgrade to a premium account. The premium version will give you access to additional features, like automated trading and more customizable options. This will allow you to tailor the software to fit your particular trading strategy.