Stock Trading Software - Check out These Features before You Invest in One (Bryce Strickland)

Stock trading is a risky proposition, especially in the current times because the financial market is fluctuating drastically. Nevertheless, you cannot deny the fact that if you trade intelligently, stock trading is a great way to earn good money and achieve a high degree of financial freedom. Now that you can trade online, the process has become very convenient as well. You can take up stock trading as an alternate career option while continuing with your job.

However, the catch is to trade intelligently. Fortunately, you now have several stock trading software that make your job easy. These applications help you analyse the stocks you are interested in, study their rise and fall over the past weeks and set limits to sell or buy them. If you are interested in trading stocks and are looking for some effective stock trading software, check out for the below given features before you invest in one.

Real time quotes and price comparison

When it comes to stock trading, timing is everything. If you delay selling your stock by 10 or 15 minutes, the profits you expect might be converted into losses. In order to avoid such untoward repercussions, you need a software that can get you real time quotes.

By constantly comparing prices in real time, you can make instant decisions about buying and selling. Several software offer price comparison graphs and charts. These pictographic representations simplify your job of analysis.

Stop loss

Stop loss is a very important function. Do not buy a software that does not come with this feature. Essentially, stop loss is a feature that helps you prevent losses by enabling you to set limits for selling.

For example, if you buy stocks of a particular company and their rate begins to fall, you can set a limit that acts as your stop loss boundary. When prices reach this limit, the software automatically sells that particular stock and prevents further losses. You can analyse the amount of loss or risk you are prepared to take and set limits accordingly.

Message alerts

Message alert inform you about rise or fall in the prices of selected stock. You can set limits for buying or selling and the software sends you a message when these limits are reached.

Stock history

A good software should provide charts showing the rise and fall of prices over the past two or more weeks. Usually, stock prices follow certain trends. Analysing their history is a good way to predict their future performance.

News feeds

Latest news has an impact on stock prices. For instance, news of an impending merger can cause major fluctuations in the stock prices of all the companies involved in the deal. By keeping abreast with the latest happenings of the business world, you can make intelligent informed decisions about trading.

Educational resources

If you are a new trader, education resources can be an excellent way to put you into professional trading mode. If you are a seasoned trader, the latest information provided by the software can be a great way to continuously fine tune your skills.

Besides these features, choose a software that offers third party tool compatibility, robust support, expert advice and features specific to your investment product.

If you are looking for the best stock trading software then Share Wealth Systems is the perfect place to be. Their trading systems are governed by facts not fads, using statistical probability and powerful portfolio simulation rather than discretion, hearsay and guess work.