Stock Trading Tools List
Having the best stock trading tools is important if you want to become a better trader. Tools such as charting platforms, automated trendline analysis, trading simulators, technical analysis and fundamental research. We’ve researched the best free trading tools list with paid ones, and put together reviews all in one easy place for you to research and read more about.
The goal of all traders is to make money. Therefore, you need to have the best tools in your arsenal. As a result, you’ll be able to find the best potential setups to trade as well as have the best brokers and the best scanners. As a result, you’ll be able to find the stock trading tools that best fit your needs and trading style. If you need more training in the stock market then register for our free trading courses below.
Get Your Free Courses ($3,000+ Value)
Strength of Stock Market Trading Tools
What do stock trading tools get you? Are they worth it? Every trader is looking for an edge. We all want to turn a profit right? As a result, we have stock trading tools to help us find the best setups. Trading is all about the battle of the bulls and the bears. You want your side to win right?
That’s where stock market tools come in. They can be great for confirmation of what you’re seeing. Then you can use them to record your trades with a company like Tradervue. A trading journal is a highly underrated trading tool. You never realize how it helps to keep track of trades until you hit a rough patch. Then you can go back and look at what was successful and what wasn’t with stock trading tools.
Let’s face it. We get comfortable trading certain strategies. In fact, we get comfortable trading certain stocks. We talk about this in our live trading rooms. Did you know we share our stock scanners like Trade Ideas with our community? We also show how to use the best free trading tools when trading.
We offer a lot of courses to you as well. Are you new and don’t know where to start? We have basic courses. Once you’ve mastered those, you can move up to our intermediate courses. Then we have our advanced courses. These courses help you implement the use of stock trading tools like some of the companies we’ll look at below. Check out our list of top trading companies.
Stock trading tools such as charting, trading journals or news sources help to give you a leg up on the competition. Tools shouldn’t be the be all end all however. There’s a lot more to trading than just the stock trading tools you have. Although they do a lot to help you out.
Support and resistance along with patterns and candlesticks need to be studied and practiced. In fact, we have live trading rooms where we stream everyday. Not only do we talk patterns and setups, but we show you the stock market tools we use as well. As a result, you can see it in action before you decide to use them yourself.
Don’t go crazy buying any of our list of stock trading tools if you don’t have the budget for them. Use that capital to build up a nice cushion. As a result, we have our live streams for day trading, swing trading, options and futures. We also live stream our Trade Ideas scanner.
Stock trading tools aren’t going to be the reason you all the sudden become the best trader. It takes time and study and practice. It’s like becoming a doctor. You have to go through years of schooling to get to a place where you’re good at doctoring. You don’t expect to be a world renown surgeon on your first day of college. Instead, you take the time to learn and study.
Trading is the same way. You may not need 8 years of school plus a residency before you’re flying solo. But you do need to learn how to read charts and patterns. You also need to place hundreds of practice trades. Again, back to the surgery metaphor. You wouldn’t want a surgeon who hadn’t practiced right? Treat your money like it’s precious. Don’t be afraid to trade it. But don’t trade it without taking proper time to learn. Make sure to check out our live trading room.
Stock trading tools can also include scanners. Who doesn’t love a good scanner that lets you know when stocks are going off. In fact, we stream our Trade Ideas scanner to our community. That way you you can see how stock trading tools like this scanner work.
The market trades sideways at times. As a result, our watch lists we post each night might not move the next day. That’s when a stock scanner comes in quite handy. It shows you what stocks are running that day.
Then you can practice trading those stocks to see how you like the volatility. Our live trading rooms are another great place to find ideas on stock trading tools and see in action how other traders use them.
You can watch our team charting with TrendSpider, using technical analysis tools, alerts, news and stock scanners. And you don’t have to pay an arm and leg while doing it. Download our free charting e-book to learn more about patterns.
We show how to use our list of stock trading tools everyday within our trading service in our trading room. We believe in a pay it forward model. That’s why we’ve built our company to be affordable. We’re also not going to promote stock trading tools we don’t believe in. Therefore, any tools you see on here are tools we’ve tried.
Stock trading tools aren’t just scanners and charting systems. They can be watch lists and alerts. Watch lists and alerts are a tool you can use to practice trading as well as having stocks to look at if you’re done practicing. We have a day trade and swing trade watch list we post.
They range from penny stocks to more expensive stocks. Our trading alerts are levels to pay attention to. Not buy signals. That’s why support and resistance and being able to read charts are so important. An alert may trigger and then go in the opposite direction. If you use it as a hard buy signal, you could end up taking a loss.
We also have stock alerts that do give you entries and exits. These are larger priced stocks and options. We do it this way because the larger stocks can’t be pumped and dumped. If you’ve done any research into us, you know we’re not a pump and dump service.
Bookmark our swing trade watch list page: Stock Watch Lists
You can use our stock market courses with our watch lists and alerts to learn stock trading. It’s up to you to put in the effort to become the best stock market trader you can be. We give you all the necessary stock trading tools without spending an arm and a leg.
Charting is the name of the game. Candlesticks alone tell a story. Group them together you get patterns. Those patterns tell you whether or not a stock could continue or reverse. As a result, you can be better prepared to get in and out of a trade. Stock trading tools coupled with charts are going to give you an edge over someone who uses one or the other. Candlesticks also form important support and resistance levels.
Support and resistance may arguably the most important aspect of trading. Every trader, even the most successful traders, look at support and resistance. That’s where buy and sell signals are found. You can get in on breakouts and reversals if you get a good entry. Stock trading tools and support and resistance will have you making money in no time. (learn how to invest in stocks).
Stock market tools aren’t foolproof just like candlesticks aren’t foolproof. They are meant to be helpful resources to make the process of trading easier. They are meant to give you an edge as a trader.
Just because a stock hits scanners doesn’t mean that you should buy it. That’s where candlesticks come in. Knowing how to chart a stock and having a game plan of when you are going to enter and exit a trade is the key to success as a trader. So, stock market tools are meant to give you an edge and act as a guide but it’s still up to you to do your due diligence when trading. Candlesticks are one of the best free trading tools to use when entering into a trade.
You’ve probably noticed how often we’ve mentioned support and resistance. That’s because it’s the foundation of trading. Without support and resistance, we wouldn’t be successful traders. Even the best stock trading tools in the world can’t help if you don’t know support and resistance. They act as a pretty good indicator for buying and selling.
As a result, you get better entries on a breakout or a better short position on a bearish reversal. Many times new traders don’t know this. Therefore, they buy at resistance and end up selling at support. Which means they took a loss. Many times they don’t understand why they took a loss on a stock that was running. We know this because we’ve been there. Once we learned how to trade with support and resistance, then paired it with stock trading tools, we became much more successful.
Stock market tools like Benzinga are another great tool in your toolbox. Benzinga is a great news source for breaking news. However, they don’t stick to just breaking news. They also have options alerts, chat rooms, rumors, analyst ratings and much more. Benzinga offers so many stock market tools that you’ll always be up on what’s happening. Have you ever heard the saying “buy the rumor, sell the news”?
Benzinga can help you get a leg up on the rumor. As a result, that can net you profit. You can use them if you’re wanting to learn stock market trading. If you pair that with stock trading tools like Profit.ly (a social media platform) you’ll have the rumors on lock down. Therefore, you can put into practice “buy the rumor, sell the news”. Check out our Benzinga review to read more about what they offer.
If you want our real stock alerts instead, come join our community to get access. ThinkorSwim offers squawk as part of their platform because Benzinga which makes it one of the best trading tools.
What Is the Best Stock Market Trading Tool?
Some of the best stock trading tools are Trade Ideas, TrendSpider, Benzinga, FlowTrade, and TradingView. It’s no secret that there are many stock trading tools out there. Everyone is claiming they have the best. And we all want the best. Especially when it comes to using our money.
We work hard to have money to trade and/or invest. We put it away into a 401k or we save to open a trading account. Trading isn’t east. In fact, 90% of traders fail. That sound scary right? The reason there’s such a high failure rate in the trading world is the fact that new traders come in wanting to be millionaires. They don’t take the time to learn support and resistance and pairing that with stock trading tools.