How to Trade Stocks – Top 5 Programs for Technical Analysis

Nowadays, there’s a common saying that a day trader is only as good as his charting software. Virtually, we wouldn’t have had the day trading as we know it today if it hadn’t been for market software. Users can choose among the endless number of trading platforms. Most of them have a bundled set of various algorithms, technical indicators, and other trading tools.

If you’re wondering how to trade stocks using technical analysis, you first have to choose a decent program. There are lots of applications from brokerage firms and independent vendors, each with its advantages and disadvantages. Even though every platform claims to be “the best”, the truth is there is no single best stock screener software. Still, here are five of the most popular programs for technical analysis.


Usually, understanding stock market trends requires managing lots of variables. Luckily, Tickeron has a cure for this complex process. The simplified A.I. trend analysis software pairs well with historical statistics and Prediction Confidence Levels. The Trend Predictions artificial intelligence uses algorithmic and machine learning to identify and notify its users with security trends.

Moreover, purchasing the subscription product gives you access to a bulk of additional tools. Some of them include trend analysis, alerts, and progress of securities like equities, ETFs, forex, and cryptocurrency. Ideally, you may get information about bullish, bearish, or sideways securities in a particular period.


Surprisingly, this charting tool offers a wide array of possibilities. TrendSpider is an innovative software that allows designing and testing market trend lines. Moreover, you can use the automated trend line tool. By far, it’s one of the most advanced in the market. For optimal performance, you can use it with TrendSpider’s automated dynamic price alerts.

Typically, TrendSpider is suitable for both professionals and people who are learning how to trade stocks. Beginners can test the platform with a free 7-day trial. You can also pay a subscription fee and benefit from various discounts for particular securities. Either way, TrendSpider provides a top-of-the-line charting tool for everyone who wants to trade cryptocurrency, forex, stocks, and ETF securities.


Arguably, MetaStock is among the biggest fish in the sea of stock market analysis programs. It’s ideal for day traders who opt for excellent real-time news. Moreover, the latest software update provides access to a massive stock systems market. There are also some considerable improvements in scanning, backtesting, and forecasting. Generally, users can enjoy the reliable technical analysis. It comes with global data and broad market coverage of equities, futures, forex, ETFs, as well as options.

However, novices who are learning how to trade stocks might need help from customer service. Compared to its rivals, MetaStock still feels like a platform composed of separately-developed components. This characteristic opts for special education to make things work together. Fortunately, the vast selection of automated “expert advisors” makes the program a somehow worthwhile investment.


Perhaps, one of the easiest to use platforms. TC2000 is the perfect package for long-term investors who are looking for enhanced screening and top-notch charts on various platforms. Besides, TeleChart provides endless personalization and scaling. You may be amazed by the myriad of technical indicators and drawing tools. You can also get the chance to play with over seventy different signs complemented by useful live alerts.

As previously mentioned, TC2000 is the best when it comes to fundamental real-time screening. The process integrates well with the live watch lists displayed on technical screens connected to your charts. In terms of news, the program provides connections to Google Finance, Yahoo Finance, MSN Money, Marketwatch, StockTwits, and CNN.


Last but not least, it’s safe to say that TradingView is in a league of its own. Thanks to the over one hundred built-in technical indicators, the selection covers the most popular trading concepts and symbols. For more experienced users, there’s a collection of over five thousand custom-built indicators.

Furthermore, the clients of the platform create and share personalized studies and signals. By facilitating the modification of each code, the programming language allows you to create an indicator from scratch. If you need more than fundamental data, you can also benefit from domestic and global economic data. The fully-integrated chat application, forums, and provision for sharing analyses is easy and accessible for all users.

How to Trade Stocks

Finally, the choice of a program for technical analysis should focus on your personal needs. If you’re in the process of learning how to trade stocks, you must first identify your priorities. Whether it is price, functionality, data, or something else, you’d want your chart analysis software to work for you. Ultimately, you may want to make sure you have powerful hardware to back your software. If you opt for the best stock trading machine for your needs, Trading Computers is the best place to get you started.

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Libby Austin

Libby Austin, the creative force behind, is a dynamic and versatile writer known for her engaging and informative articles across various genres. With a flair for captivating storytelling, Libby's work resonates with a diverse audience, blending expertise with a relatable voice.
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