Why Use Stock Selection and Analysis Software?

As technology has evolved the computing power to do stock analysis efficiently is now at the fingertips of active retail traders and investors. In fact, using a robust stock software package is virtually mandatory for traders that want to be successful in the trading business. Using stock software allows the trader to save a lot of time in locating potentially profitable trading opportunities. The capability to scan the universe of stocks and only select the ones that meet your criteria in a manner of seconds is a huge advantage for the active trader.

In addition, stock software can assist the trader in backtesting a particular trading strategy allowing the trader to evaluate whether the approach is worthy of funding. Stock software levels the playing field for the retail trader as they can now select trades based on the same information the big institutions possess. At TopTenREVIEWS We Do the Research So You Don't Have To.™

What to Look for in Stock Analysis Software

An important task when considering a software package is to make sure it meets your needs, matches your trading style and has the flexibility of being customized to cover your preferences.

The stock software site conveniently displays a side-by-side comparison of each package for the consumer. In addition, to thorough reviews of each product there will be related educational articles in the areas of effective trading system development as well as how to become a more profitable trader.

When reviewing the various stock software packages, we evaluated them according to the following features:

Stock Charting and Analysis
The capability of viewing charts on selected stocks is absolutely paramount for the active investor or trader. It allows the trader to select and trade stocks that have favorable technical patterns. To do that requires a stock software package with a stock charting and analysis feature that offers a variety of chart types and accommodates different trader preferences.

Stock Portfolio Tools
Stock software packages need to offer tools that can be used to effectively manage stock portfolios. The trader needs to easily be able to create watch lists as well as set specific stock alerts. It is important for the trader to be able to view portfolio details such as the latest quotes as well as the ability to generate portfolio profit and loss reports.

Searching Capabilities
Of course, one of the bigger tasks an active trader must perform is searching the universe of stocks for potential opportunities. This type of feature allows traders to identify stocks that align with their personal trading strategies. In addition, the stock software package should allow the filtered search results to be saved for charting. This feature is absolutely necessary for traders that wish to conduct their own research.

System Testing
For the system-based trader a system testing function is a very important feature. The trader needs to be able to develop trading systems that can be tested over any time period, for performance and profitability. A robust system trading tool allows the trader to create combinations of entry and exit triggers as well as trading stops to build their own systems.

Technical Indicators
The stock software package needs to offer an abundance of technical studies and indicators to facilitate the locating of potential trade setups. This is a key software attribute as it helps in making prudent trade decisions. Technical indicators impact the quality of many other features of the software package like charting, system testing and searching.

Help & Support
No matter the software package, it is always important that the user has an avenue where technical or user related questions can be resolved. Whether it is e-mail, blogs, discussion boards, newsletters, online manuals or online chat it is absolutely essential that whatever support is being offered that it be timely, effective and informative.

The bottom line when evaluating stock software packages is to make sure it meets the trader's needs. This means that the flow and functionality of the software should facilitate a trader's stock analysis as well as the ability to easily come to a trading decision. TopTenREVIEWS would like to assist traders in choosing a stock software package. Peruse our reviews to find a stock software program to match your trading style. Start with our review of Profit Source by the Hubb Finacial Group.

 
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Locate Stocks for Profits

It is essential for active traders and investors to have a stock software package that is able to scan the market and identify stocks that have the best chance for profitability.

Why Use Stock Selection and Analysis Software?

2012 Stock Software Review Product Comparisons

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TopTenREVIEWS  |  Software  |  Finance & Accounting  |  Stock Software Review
Rank #1#2#3#4#5#6#7#8#9#10
Excellent score   Excellent
Very good score   Very Good
Good score   Good
Fair score   Fair
Poor score   Poor
Profit Source eSignal VectorVest MetaStock TradeStation Tradecision Wave59 StockWiz StockShare Stock Predictor
Profit Source eSignal VectorVest MetaStock TradeStation Tradecision Wave59 StockWiz StockShare Stock Predictor
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Overall Rating Excellent Excellent Excellent Very Good Very Good Very Good Very Good Very Good Very Good Very Good
Ratings
Stock Charting & Analysis Excellent Excellent Excellent Excellent Excellent Excellent Very Good Very Good Very Good Very Good
Stock Portfolio Tools Excellent Excellent Excellent Excellent Excellent Very Good Good Very Good Very Good Very Good
Technical Indicators Excellent Excellent Good Very Good Very Good Very Good Very Good Very Good Very Good Very Good
Search Capabilities Excellent Excellent Excellent Excellent Very Good Very Good Very Good Very Good Very Good Very Good
System Testing Excellent Excellent Excellent Very Good Excellent Very Good Excellent Excellent Very Good Very Good
Help & Support Excellent Excellent Excellent Very Good Very Good Very Good Very Good Very Good Good Very Good
View Specifications Go! Go! Go! Go! Go! Go! Go! Go! Go! Go!
View Screenshots View Profit Source screenshots View eSignal screenshots View VectorVest screenshots View MetaStock screenshots View TradeStation screenshots View Tradecision screenshots View Wave59 screenshots View StockWiz screenshots View StockShare screenshots View Stock Predictor screenshots
Stock Charting & Analysis
Bar Charts Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
Candlestick Charts Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
Gann Bar Check Mark          
High-Low-Close Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
Line Charts Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
Open-High-Low-Close Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
Point and Figure Charts Check Mark Check Mark   Check Mark Check Mark Check Mark     
Volatility Charts Check Mark Check Mark   Check Mark Check Mark Check Mark Check Mark Check Mark   
Stock Portfolio Tools
AMEX Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
DJIA Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
NASDAQ Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
NYSE Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
Profit and Loss History Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark   
S & P 100 Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
S & P 500 Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
Stock Alerts Check Mark Check Mark   Check Mark Check Mark Check Mark     
Watch Lists   Check Mark Check Mark   Check Mark    Check Mark Check Mark  
Technical Indicators
Accumulation/Distribution Check Mark Check Mark   Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark  
Average Range Check Mark Check Mark   Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark  
Average True Range Check Mark Check Mark   Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark  
Bollinger Bands Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
Chaiken Money Flow Check Mark Check Mark   Check Mark Check Mark Check Mark     Check Mark
Commodity Channel Index Check Mark      Check Mark Check Mark    
DMI Check Mark Check Mark   Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
Highest High Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark  
Lowest Low Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark   
MACD Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark   Check Mark
Momentum Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
Moving Average - Bands Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark   Check Mark Check Mark  
Moving Average - Displaced Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark   Check Mark Check Mark
Moving Average - Exponential Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
Moving Average - Weighted Check Mark     Check Mark Check Mark Check Mark Check Mark Check Mark  
On Balance Volume Check Mark Check Mark   Check Mark Check Mark Check Mark    Check Mark  
Open Interest Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark   
Oscillator Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
Parabolic SAR Check Mark          
Rate of Change Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark  
Real Trading Range Check Mark Check Mark   Check Mark Check Mark Check Mark Check Mark Check Mark   
Relative Strength Comparison Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
Relative Strength Index Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
Standard Deviation Channel Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark   
Statistical Volatility Check Mark Check Mark   Check Mark Check Mark Check Mark Check Mark    
Stochastic Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
Swing Indicator Check Mark          
Swing Overlay Check Mark          
Trailing Stop Check Mark   Check Mark   Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
Volatility Check Mark Check Mark   Check Mark Check Mark Check Mark Check Mark    
Volex Check Mark Check Mark   Check Mark Check Mark Check Mark     
Volume Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
Volume Momentum Check Mark Check Mark   Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark  
Volume Oscillator Check Mark Check Mark   Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark  
Williams %R Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
Moving Average - Simple Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
Search Capabilities
More than 20 Criteria Used Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
Optional Stocks Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
Screen Entire Market Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
Stock Filters Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
System Testing
Backtesting Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
Developing Trading Systems Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
Execute Trading Systems Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
Save Trading Systems Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark   
Test over Specific Dates Check Mark       Check Mark Check Mark   Check Mark
Help & Support
Blogs   Check Mark Check Mark Check Mark    Check Mark    
Community Forums   Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark    
Customer Service Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark   Check Mark
E-mail Support Check Mark       Check Mark   Check Mark Check Mark
Glossary Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark   Check Mark   
Live Chat Support Check Mark      Check Mark     
Newsletters   Check Mark   Check Mark Check Mark Check Mark   Check Mark   
Online Manual Check Mark Check Mark Check Mark Check Mark Check Mark   Check Mark Check Mark Check Mark Check Mark
Phone Support Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark   
Support Documentation Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
Training Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark    
Tutorials Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark    Check Mark
Upgrades Available Check Mark Check Mark   Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
 
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