So take into consideration how much effort you want to expend becoming accustomed to an interface.
(It lets you execute real futures trades, but not stock trades.) However, it’s not an option for trading stocks with real money. I haven’t found any other free tool that offers advanced charting, analysis, and paper trading.Įven better, TradingView works on any mobile device, as well as any computer (i.e., Windows or Mac iOS or Android).Ĭaveat: TradingView is great for training, charting, and analysis. TradingView’s charts are much easier to understand at a glance, compared to other offerings that are too complex and visually busy.Īnd you’ll be hard pressed to find another free option for paper trading. TradingView offers paper trading, watch lists, and scanners.Īrguably, their best feature is the easy-to-use charts. They’ve grown their platform into a robust suite of tools. Although these tools can be used by futures, forex, or options traders, there are better tools for those specific markets. These tools are great for when you’re just learning to trade, or as a supplement to other charting options.ĭisclaimer: I’ve written this post for traders who focus on stocks, as I do. In this post, I’ve listed 3 great stock charting tools that offer free versions. Many traders don’t even know about the new tools available, or about improvements to existing trading tools. If you don’t have enough capital to open a trading account yet, there are still plenty of options to prepare for your trading career.
Rarely were there free tools for beginners, or for those on a budget, that matched the quality and access you could get from professional trading tools.īrokerage firms now offer software and access to data for free or for cheap. If you had access to capital and had a good broker, you could get quotes over the phone. In the old days, stockbrokers used Quotron and Bloomberg Terminal. I can remember a time when good trading tools were few and far between.
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