As online trading has become a daytime living room for people, the number of online trading software is startling. Inventory analysis fits very well with computer software and replaces as many manual tasks that online trading has never been easier. Finally, the main trend lines and empty graphs were long and hard. Today, you can see super sophisticated stock data at the touch of a button.
So, what is dealing with online trading software and what should be really considered a merchant? In fact, this depends on the level of qualification and the level of investment. Trading software differs significantly in terms of price and complexity. Three basic categories of software:
– Trading Platforms
This is the software that allows you to trade with an online broker. Professional traders use highly sophisticated trading platforms and have Level 2 access to live trading data on all major stock exchanges. The online broker provides you with a trading platform, although most of them do not give you live trading access, use the online trading platform to buy and sell shares online. Some brokers provide sophisticated software (usually free) to advanced users.
– Analytical Software
Most third-party online trading software belongs to this category, and this type of software allows you to perform in-depth and highly specialized analysis at the touch of a button. Not only does it use the complexity of technical trading, but there are many manual jobs to identify trends. The disadvantage is that many of these software packages are quite expensive and the learning curve can be steep. Make sure you know what you are getting before you buy these packages.
– Stock Collection Software
Some of the so-called "trading robots" are used to analyze stocks and identify clear buying and selling signals. Despite the fact that there is a lot of debate on this issue and often a lot of criticism, this type of software remains here. Many merchants swear by this, and some also use it blindly as the only trading tool. Regardless of your opinion, it has been proven to be effective and improving day by day.