Online Stock Trading Software: What is it?

     Most brokerage firms today offer free or premium trading software applications to individual clients when they open a brokerage account. The bundled software applications, offering a wide variety of trade, research, and analysis functions, are used as a prominent sales-pitch to the trader client. They also boast features like inbuilt technical indicators, fundamental analysis numbers, and integrated applications for trade automation, news, and alert features. We will examine some of the most widely used, based on features:

• MetaStock Trader: One of the most popular stock trading software applications, MetaStock Trader offers more than 300 technical indicators, built-in drawing tools like Fibonacci retracement to complement technical indicators, integrated news, and fundamental data with screening and filtering criteria, with global markets coverage across multiple assets.
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• Worden TC2000: If you are interested only in US and Canadian stocks and funds, then TC2000 offers a good solution. Features include charts, watch lists, alerts, instant messaging, and news, scanning, and sorting. TC2000 offers fundamental data coverage, more than 70 technical indicators with 10 drawing tools, and an easy-to-use trading interface, as well as a backtesting function on historical data. It does not, however, offer automated trading tools, and asset classes are limited to stocks, funds, and ETFs.
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• eSignal: Another popular stock trading system offering research capabilities, eSignal trading tool offers various features depending upon the package one selects. It has global coverage across multiple asset classes including stocks, funds, bonds, derivatives, and forex. eSignal scores high on trade management interface with news and fundamental figures coverage. Available technical indicators appear to be limited in number and come with backtesting and alert features.
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• NinjaTrader: An integrated solution providing end-to-end solution from order entry to execution with customized development options and third-party library integration compatible for 300+ add-on products, NinjaTrader platform is one of the commonly used trading and research platforms. Apart from the usual technical indicators (100+), fundamentals, charting, and research tools, it also offers a useful trade simulator, enabling risk-free trade learning for budding traders.