Day: December 24, 2017

Online stock trading offers incredible convenience to the modern-day trader. This is because a trader can buy or even sell at the comfort of their own home or in the office. One is able to access a variety of securities online at a go, to then determine the ones he will be investing in. For a trader to enjoy this convenience, you need a stock trading software. There are many stock trading software programs on the internet today. Here are the best of these that you can consider for excellent trading:

1. TD Ameritade

This is a great trading software to use as it has the best trading tools when compared to all the others in use today. What you get in this platform are over 300 technical indicators, which is so much more than what its competitor offers. These indicators are great to an investor as they help one to spot the trends for better decision making. For investors who have long-term goals to achieve, this software provides forecasting tools to help you access the long-term chances of the positions you are taking.

2. OptionsHouse

This is one of the best stock trading software available online. It has tons of benefits for investors as it is a very easy to use platform. It also costs less and offers a wide range of educational tools to ensure investors understand better what they can do in order to trade successfully. A single trade in OptionsHouse will cost from as low as $4.95 for options, stocks and ETFs. It is a great software for all kinds of traders, beginners as well as experienced traders. The platform is also very simple; therefore, if you are new, it will be a great way to get started.

3. Ally Invest

This stock trading software is great as it features a low-cost commissions structure, which is designed to suit all kinds of investors. The platform has influenced a lot of brokers this year to drop down their commissions but they have still not managed to get down to its level. It therefore remains the most affordable stock trading software, which will give you a zero account minimum requirement as well as an enticing discount for all the active investors. Its equity trades are charged at $3.95 for those traders with over 30 trades each quarter.

4. Fidelity

This is a good stock trading software particularly as it is low cost in nature. Since the fees are the main considerations investors make when they are looking for a trading software, this will be a great option. In this platform, the basic stock trades will cost from as low as $4.95. There are lots of commissions to enjoy if you are trading in ETFs. Those trading in Options will only pay the $4.95 cost per trade and $0.65 per contract. For this though, you will be required to pay an initial investment of $2, 500 on the minimum, which can be higher when compared to what other platforms ask for.

5. E*Trade

This is the best stock trading software for beginners. It has the easiest learning curve in the entire industry, with enough room for growth. Its learning center has plenty of videos, webinars and articles, which are meant to guide beginners through the basics before they start getting serious. The platform also provides news; reports and commentaries from their expert market analysts, all of which help the investors stay up to date on the investing news. An online chat tool, that is accessible round the clock plus a hotline are there to ensure that you get the kind of help you need at any time of day or night.

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There is nothing like a perfect forex trading system. There is no single system out there that will present you with profits or even a win rate of 98% all the time. Traders should expect to deal with losses as well, that is why risk management is important in forex trading. A risk management system will help minimize losses once they occur and you will not end up losing more money than you should. This can be done through a stop-loss, an order that can be placed with a broker for him to sell your securities once they reach a specified price.

A stop-loss order is meant to mitigate any loss an investor may incur on a certain position in a security they are trading in. It can be applied for both long and short positions. With such an order, emotional trading can be minimized on the part of the trader.

Stop losses are also helpful in minimizing the amount of loss a trader might incur from a declining stock. The order can be used by the trader to fix a value based on the much amount of loss they are willing to take. If the price goes below the set value, the stop loss order will be effected and the position will be closed at that market price. This helps prevent great losses to the trader.

There are many reasons why you might need stop losses feature on your forex account, some of which are:

1. It can improve your risk: reward ratio

In this kind of trading, the amount of risk one can take is always dependent on the amount of expected loss as well as expected profits. This is where the risk: reward ratio comes in. With a stop loss order; you can risk more for the same amount of reward to improve the risk: reward ratio. In the end, you have a chance of winning so much more than the amount of money you risk.

2. It can help minimize your trading loss

Losses are forex traders’ greatest worry. This is what holds them back whenever they are about to make a trading move, because they do not want to risk a lot of their money. With a stop loss order, losses are minimized therefore chances of losing so much are always on the low side. You do not risk so much of your trading money in every trade.

3. You can start trading large contracts

With a stop loss order, chances of losing are minimized; therefore, a trader is now able to trade larger contracts. A trader can specify the amount of money they are willing to lose without affecting the amount of profit they can take. Chances of winning big are therefore higher in this case.

4. You end up making profits and losses a little quicker

This can happen if you are right. If you can enter a trade at the right time, you might end up making profits a little quicker than you could ever imagine. The same thing will happen if you are wrong; you incur losses a little quicker. This will help you look for another trade quickly for fast turnarounds.

Protecting yourself against expected losses is very important in forex trading. One can lose so much money if they are not carful enough, that is why stop losses is a great feature that you can activate on your forex account. It will help you keep your losses on the minimum as you work hard to maximize the profits.

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