Professional traders use a variety of tools to improve their analysis skills and make informed trading decisions. Here are some of the best tools for professional traders:
Trading Central : This tool uses standard technical analysis methodologies to automatically evaluate price activity and detect classic chart patterns. It provides technical event alerts and is integrated into popular trading platforms.
eSignal : This tool is excellent for chart analysis and signal generation. It includes technical analysis studies, backtesting of trading techniques, customizable charting, and data from global exchanges. It is available in three editions, each with different features and pricing.
MS Algo : This tool overlays financial charts with buy and sell signals and provides escape signals. It is designed to deliver precise buy, sell, exit, and take profit signals and is available on TradingView.
Stock Rover : This tool provides high-quality research tools, instructional information, and expert analysis. It includes over 650 screening criteria and is available in four plan tiers.
TradingView : This tool offers a robust stock screener, charting platform, and research powerhouse. It includes a mobile app, diverse screening criteria, and custom scripts. It is one of the most comprehensive research centers on the internet.
Lightspeed Financial Broker : This broker provides direct access routing, fast executions, and hot keys, making it suitable for active day traders.
Warrior Trading Scanners : These scanners help identify stocks that are likely to make big moves based on gap and go and momentum trading strategies.
Warrior Charts : These charts are designed for high-quality charting and are part of the Warrior Trading software suite.
DAS Trader Pro : This platform includes risk management tools, such as coding your own risk management rules and a "max-loss" feature to prevent account blowouts.
Nate Michaud's Market Scanner : This scanner is designed for market analysis and is part of the InvestorsUnderground.com community.
