- If used wisely, trading tools can give your investments an edge.money money image by Valentin Mosichev from Fotolia.com
Financial trading tools range from entry-level practice programs to software that analyzes past trading strategies for seasoned professionals. Some of these tools serve as simple platforms for online trading, while others offer objective analysis and archives of historical stock data. Using software and web-based trading tools, beginners and veterans alike can invest from computers at virtually any location around the world. - Touted on its official website as "unlike any other platform you've seen before," gnuTrade focuses on simplicity, making online financial trading an almost game-like experience. An all-online browser-based platform (meaning there is no software download and gnuTrade is able to run on mobiles such as the iPhone) hosts a streamlined graphical interface that allows users to place trades. Users may trade for actual currency or use play money based on live prices to gain trading experience. The tool's official website, gnuTrade.com, offers trading tutorials and resources such as news, forums and global clocks. Users can try gnuTrade for free at the website using play money; to trade for monetary profit, users must sign up for a gnuTrade account.
- Developer Ashkon Software presents Stock Predictor, "an advanced stock charting and investment strategy performance analysis software for technical stock traders," according to the company's official website. Applying stock market rules established by historical data, this program seeks to predict stock prices based on objective parameters rather than human emotion. Stock Predictor software features downloadable historical stock data, automated or manual strategy performance analysis, trading strategy results interpretation and over 500 built-in trading strategies. The program displays numerous technical indicators for a single security on one chart, maintaining predefined lists of securities while it backtests user investment strategies. Stock Predictor runs on Windows operating systems. Ashkon Software offers the program for downloadable purchase at Ashkon.com.
- According to its official website, eToro is an online forex (foreign exchange market) trading platform accessible for beginners but featuring options suited for seasoned traders. Free practice accounts allow no-risk trading for beginners, offering a friendly graphical interface, personal trading coaches and low initial investments for users ready to make the jump. For professionals, eToro offers spreads as low as 2 pips (percentage in point), 1:5 to 1:400 leverage, personal account managers and automatic execution. The eToro program runs on Windows operating systems, while a browser-based Webtrader tool allows users to trade online without downloading software. To trade, users must register for service and download the program at eToro.com.
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