Best Free Stock Trading Tools to Use in 2020
Momentum trading is the best style of trading to achieve large returns in a short period of time. To succeed with a momentum style of investing, you must be using the right stock trading tools.
After teaching 1000’s of aspiring stock traders over the past decade, we know how much new and struggling traders are looking to keep costs low. At least 20 times a day we get asked about free trading tools.
Here are 5 great free stock trading tools to use this year, and throughout the next year (all the links to the websites are in the headings!)
The Best Free Stock Trading Tools and Websites Free Pre-Market Scanning: Marketchameleon.com
I get asked all the time about free stock scanners that can filter pre-market. Here is your answer. Marketchamelon shows all the stocks gapping up and down during pre-market, and it also shows volume, gap percentage, and a lot more. Check out a screenshot of the scanner below:
The site has a ton of other stock screening capabilities. It has after-hours movers as well and has earnings calendar, company news and PR’s, and a ton of other useful features.
Free Stock Screener: Finviz.com
Finviz does not have pre-market screening capabilities in their free version, that’s why I’d use Market Chameleon for that. But for after-hours scans, it is the best free stock scanner out there.
Check out a screenshot of its screener below:
You can see all the different filters and setting the screener has. Pretty much every technical and fundamental characteristic you can think of. This site is also a great resource to get a quick overview of a companies fundamentals. You can quickly find out all of the following about a company in their company profile:
You also can see all of the recent analyst activity around the stock in the profile, and get links to all the recent news and press releases surrounding the stock. The press releases are quickly updated on Finviz, usually within a few minutes.
Free Charting Software: Tradingview.com
The best free charting software that I know of with real-time market data. Has live quotes for most US stocks, cryptocurrencies, forex pairs, and Futures. One of the downsides to the free version is the limit of the number of indicators you can put on your charts (only 2). Check out a screenshot of the charting platform below:
Very customizable charting platform with a ton of different layout It also has a great community of traders sharing trade ideas and charts. It even has screeners and paper trading capabilities. One of the most useful tools I know.
This site is the bible for traders that relay heavily on fundamentals. This is the SEC’s site where you can find every single filing of every publicly-traded company. Here is a screenshot of what the site looks like:
Even if your trading strategy doesn’t rely heavily on the use of fundamentals, it is still a good idea to read the original company press release and understand the catalyst behind a stock’s move.
Short interest is a very important characteristic of a momentum stock to know about. Some of the biggest moves to the upside happen in stocks with high short interest, meaning there are a lot of short-sellers in the stock.
Shortsqueeze.com is a tool that provides an estimate to the % of shares short in a stock’s float. (the number of shares available to trade on the public markets)
Here is a screenshot of what the site looks like:
Often sites like Finviz and Yahoo Finance will have varying estimates for a stock’s short interest and float. I would recommend checking this site also to get another estimate of these two important metrics and give you a more accurate estimate.
Join Our Next Free Chatroom Day: Watch Professional Traders Day Trade Live
Our free chat days allow you to watch Kunal day trade live on screen share. You will also get to see a swing trading market recap with Paul Singh. Watch all the day trading setups and trades we take in real-time, and see all the scans, charting layouts, and other gimmicks of our trading style!
Click Here to Sign Up For Our Free Chat Day
Download the PDF version of this article here.
The post Best Free Stock Trading Tools to Use in 2020 appeared first on Bulls on Wall Street.
Source: https://bullsonwallstreet.com/stock-trading-tools/?utm_source=rss&utm_medium=rss&utm_campaign=stock-trading-tools
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).
| Online: | |
| Visits: | 1,599,863,445 |
| Stories: | 8,140,475 |
Whistler Blowers, Insiders
To work in the financial markets of forex or cryptocurrencies, you need to clearly navigate the stock quotes. For me, the main tool is the API key. Twelve Data https://twelvedata.com/ provides real-time FINANCIAL market data API. API key I can use to obtain stock quotes and financial information of the world’s financial exchanges