Great Stock Trading Software

Stock Trading Software is a tool every trader must have in their tool box. I am not talking about the kind of software that flashes pretty lights that tell you when to buy or when to sell. Please do not go out and spend thousands of dollars for some software that is going to give you stock picks this way. You will have much better results by just reading a few books.

The trading software I'm talking about is technical analysis, or a charting software. It is a stock trading tool you should not be without. If you are investing in the stock market with out looking at charts you are throwing your money down the drain. Even the great traders in the past (before computers) used them. They had the ability to see it in their minds.

Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements. On any given day, week, or month there is a finite number of traders in the markets. Many of these stock traders do the same things over and over. People develop behavior patterns, and a group of people, interacting with one another on a consistent basis, form collective behavior patterns. Human nature is the same today as it was 2000 years ago. These behavior patterns are observable and they repeat themselves with statistical reliability.

Fundamental analysis is just as important. If a company is losing money year after year their is no way people will invest in them and the price of the stock will go down. Combining technical and fundamental analysis you have the greatest potential for making money in the stock market.

How are we going to find these stocks? Thanks to computers we can scan the entire universe of stocks in seconds. With the best Stock Trading Software you just put in the information that you are looking for and with a click of the mouse you have your results in just seconds.