With the arrival of the internet came online trading. A number of options trading software programs have arisen in connection with this phenomenon that help traders swiftly analyze a number of trading alternatives.
Some options trading software packages are focussed on picking stock breakout signals and placing automatic trades, often called “black box” software packages. Many of these don’t do what they’re promoted to – and the thousands of dollars traders have spent on them are only exacerbated by their trading losses.
Other programs are more analytical in nature – they simply help a ‘human’ trader analyze the risks vs rewards of entering a certain position. Some contain advanced features such as stock screeners, Elliot Wave analysis, Gann reversal pattern identifiers, volatility analysis, options risk graphs and the like … while others are simply user friendly tools used for technical analysis of chart patterns but with add-ons including live options prices.
This chapter of Options Trading Mastery is dedicated to options trading software packages. We will focus on the world of option trading and anything that helps the serious trader to run his or her trading operations in a more business like manner. Our intention is to review various software features and related products and give you, the reader, the opportunity to provide feedback from your own experiences, for the benefit of other traders.
As we review each product we will focus on the following comparisons, to help you assess value:
For the serious trader, a couple of thousand dollars may be money well spent, as it will give you tools to isolate the best trading opportunities – especially if features include the ability to ‘program’ the software yourself.
If you are a vendor for any market trading software that we have not listed and wish to be included, please feel free to provide a review of your product on this site by using the “Comments” setion below.
So let’s begin …
Options Trading Software Reviews
1. Online Stock Option Trading
With the right online stock option trading system and a business like approach, you can trade options with confidence, providing a regular income stream for the rest of your life.
OptionVue is one of the most sophisticated options trading programs on the market today. What you are about to read is an explanation of most of the features of the program.
4. Bourse Data
7. Peter Hoadley Options
OptionGear Software claims to do a lot of things, but is it really worth the high price tag?
9. ProfitSource – from Hubb Financial Group