I am interested in getting some software preferably free for . I am looking into becoming a day trader, swing trader, and value investor. Basically, I would like software that has almost all the tools of the . I don’t know which software is bad and which is useful. I also would prefer software that would allow me to put in my own formulas and statistical analysis. I know a lot about finance, accounting, and stuff like that but I don’t know how to do these calculations really quick. I also would like to know how would I research . For example, I do not know all the that are in the bio-tech market. I also do not know about how to get a news feed for a certain industry or the that I would own. Plus, how would I know if the news has a high impact on the market? Which news site has more clout? Or is it simply better to get news from many sources about the ? Is there a way for me to detect a price discrepancy like what occurred to Accenture stock (ACN) regardless of the industry or that I am focusing on? Here is a link to that article.
http://blogs.wsj.com/marketbeat/2010/05/06/accenture-went-to-a-penny-at-248-pm/tab/comments/

Also, do you happen to have any good book or textbook recommendations about the or trading? I would like a book that would explain how to use formulas and make certain graphs etc. Of course it would be better to calculate with software so it does not take too long.
Thank You for your help

 

  • jebediabartlett 5:01 pm on August 11, 2010

    Most of your trading can be done with what pages are readily available on-line… but if you want to pursue advanced techniques in " day trading"…I would suggest logging on to Investor’s Underground…there are free blogs there where experienced traders comment on exactly what programs they use/ prefer…. Their " chat- rooms" for trading require a fee, but much information is available before you decide whether you would want to get involved with the real pros.

  • Kanas 5:01 pm on August 11, 2010

    for more help ; open the second & sixth link in: http://www.total-forex-trading.co.cc

  • Karen 5:01 pm on August 11, 2010

    There is no such software package that will do everything that you want for free. If you want to be a trader you’ll need to buy the tools to do the job.

    As far as a "good book" — why don’t you do a search for the topic that interests you and see what’s online. That will help you narrow your focus.

    There aren’t any short cuts to becoming a successful trader — a little advice from someone that knows.

    Good luck!

  • morris 5:01 pm on August 11, 2010

    Start with the best online trading site: http://www.interactivebrokers.com/en/main.php
    I used them for 8 years and never found anyone nearly so inexpensive or quality. I am no longer trading and have no financial interest in them.

    You will find them with a lot of educational features and real time tracking.

    I learned from Wade Cook seminars but they are no longer in business. Some of his spin-offs are Ryan Litchfield, Bob Eldridge and Darlene Powell. They are all Seminar givers but are excellent. You can google them.
    Good luck
    ALWAYS HAVE STOPS IN PLACE!