There are many stock trading software available for free use and download on the internet. This software’s are provided by stock trading companies that have in-house traders and agents to book your stock trades on the market. With stock trading online, you have to place your orders into the website. The trades are booked and acted upon the next day. The good part of using stock trading software as compared to registering manual trades is that you also have access to stock analysis. Stocks trading software have elaborate analysis of price ratios (PE), earnings per share (EPS), and return on investment (ROI) analysis. There is much stock trading software available in the market:
· E-Trade: E*Trade offers online trading and investing in stocks, futures and options at very low commissions. They are one of the best online stock trading companies and have been rated #1 for 3 consecutive years. E*Trade Financial is a suite of products designed for the financial markets. E*Trade allows stock trades at much lower brokerage rates than manual brokers. An account needs to opened to start trading with E*Trade. The account needs to be funded with an initial deposit. The account has to be funded by instant transfer by bank account, by check or wire transfer. Its quick transfer service allows instant withdrawals to your existing bank accounts.
· TD Ameritrade: TD Ameritrade provides stock trading services for investors and online traders alike. It offers 30 days of free trades and $100 in cash for beginners. It has straight forward affordable pricing. $9.99 for every internet equity trade. There is no maintenance fee.
· Zecco: It offers free online trading. 10 free stock trades are offered every month with every 25 trades or with a balance of $25000. It also offers a free $50000 practice account for beginners to train before they can start the actual online trading.
· Scotttrade: Scottrade is an online stock trading and brokerage offering financial services such as online trading, online investing, IRAs, stock market research and stock quotes.
· Schwab: Schwab is another online trading portal offering less costing trades. It also has facilities for discount brokerages. Online equity commissions of $8.95 per trade. The commission limit is at $12.95 per trade for all volumes of less than 1000. $0.015 is charged per share after that.
· Wall Street Survivor: Wall Street Survivor is an online stock trading game. You can compete in the $100,000 contest and play the daily games online. There is a bull’s eye jackpot game to be won too. The guess the next tick game lets you guess the stock prices.
Most stock trading software offer lesser brokerage rates than manual brokerages. They allow you analysis of your stock picks from 5 years before to predicting future trends for your picks. They also suggest price fluctuations on the stock, future value and appreciation/depreciation in the next 6 months. Another good feature of stock trading software is the ability to provide detailed company information including portfolio, past performance, sales volume, profit or loss summary, managing team or board of directors, summary of investment partners, segment or industry outlook, participation in trade or industry development, etc. All this information is very comprehensive and helpful to stock traders and investors. So much information can never be provided by manual brokers to traders. Trading is also easier as trades can be booked online without much hassle. Traders can book any number of trades without being concerned about their stock value declining or appreciating after being booked. Trades once booked cannot be reversed and can only be leveled by an equal trade.
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