Trading Tools
You can't expect to build a house without the proper tools. You need to make a trip to the Home Depot and purchase a power saw and a nail gun, modern devices that give a homebuilder the wherewithal to complete their projects in a faster, more efficient manner.
The same concept is true for individuals who wish to learn to trade the stock market. It is much easier for a trader when they learn to use the best tools. That's why the BetterTrades trading tools are designed to help individuals extract the most profit from their stock market transactions.
There are three main tools in the BetterTrades cadre of trading tools: Extreme Charts and Simutrade Manager, Real Time Markets and The Dedicated Trader. All are top-of-the-line products that have been developed to work hand-in-hand with the strategies and techniques taught by BetterTrades.
Extreme Charts and Simutrade Manager is a program that offers traders the ability to chart, track and analyze every trade. The charting program enables users to customize their charts for the chart type (candlesticks, bars, lines), indicators (moving averages, Bollinger Bands, MACD, etc.) and overlays. Users can draw lines and make notes that stay on the charts until removed by the user. Extreme Charts also enables customers to create customized scans and filters in order to find stocks that meet their specific criteria. The Simutrade Manager function provides a platform for conducting practice trades, analyze and review trades, and create profit-loss statements for tax purposes.
Real Time Markets offers direct access trading from the quote screen, provides real time stock quotes and option chains, and enables the user to send alerts to a cell phone or email when a stock reaches a preset level. Real Time Markets has a practice trading platform that mirrors the direct access account, which gives the user a chance to practice with the actual tool they'll be using to make trades. It also allows the user to scan the market for news on a particular stock or sector, as well as see intraday charts on a tick-by-tick basis.
The Dedicated Trader provides market updates (previews and recaps of market actions), daily market information (earnings, reports), emerging trends and analysis and breaking news. The Trading Center features strategy watchlists, option trade finders, market movers, and can help you identify the most appropriate option in your evaluation process. None of the tools are required to be a BetterTrades trader, but there's no question that each brings plenty of value and might potentially help shorten the learning curve.
None of the tools are required to be a BetterTrades trader, but there's no question that each brings plenty of value and might potentially help shorten the learning curve.
