Market Analyst trading software package is a leading online trading software package which is full featured yet surprisingly easy to use yet boasts a complete traders toolbox. This terrific software package contains all the technical analysis techniques, tools and indicators you will need and more.

Some of the most popular indicators included in Market Analyst are, moving averages, oscillators, and momentum indicators such as RSI’s.

High and Low Zone Indicators

Also Market Analysis has a unique Market Price Analysis which is extremely helpful at profiling a particular sector or market and identifying not only hot market sectors but also standout stocks within that sector.

The scanning manager included in market analyst not only will scan a large number of stocks but will also back test your adopted trade strategy and check for any holes. It’s then simply a matter of fine tuning your trading strategy until you get optimum results.

Market Analyst Professional

• 3D Charting
• Watch lists and course of trades,
• Real time data capability
• Market scanner for easy trade selection
• Trade simulation to help you formulate a trading strategy
• System testing to fine tune your adopted strategy
• Flexible chart style formats

Flexible Chart Formats

Market Analyst is great for the serious trader and committed novice, the software is very easy to use despite being a fully featured technical analysis tool which is fully capable of analysing all sorts of securities and historic stock exchange data is easily and quickly downloaded in the most widely used formats and indexes.

If your looking for a full featured technical analysis software package that’s easy to use, doesn’t cost the earth yet can come up with the goods, Market Analyst is a great investment in your stock trading future.

'If you look at a totally random pattern long enough you will start to see almost anything.'

Identifying stand out stocks to trade can at the best of times be somewhat subjective which is why there is always an ever present risk of ‘over analysing’ a stock which can all too often lead to seeing trades where there simply are none.

One of the hardest things for a day trader to do is ‘nothing’!

This is why having the right temperament is absolutely crucial to becoming a successful trader.

The most successful traders are pure opportunists, they do their homework well in advance and then lay in wait to strike with maximum effectiveness. Like a viper, conserving its energy yet totally aware and with full anticipation of the perfect moment to strike.

This perfect moment and the patience needed to wait for it is one of the hardest lessons to learn when trading in stocks. But when mastered, this skill will turn a solid day trader into a virtual Nostradamus of the share market.

The two main errors made with using online trading software and technical analysis are to do with timing.

Procrastinating or waiting just a little longer when all indicators are screaming at you to get in there will only cause you to miss the boat completely.

While getting over anxious and jumping the gun can greatly reduce the potential upswing of a trade and cost you much of your potential profit.

Although it is unrealistic to be able to read the price movement of your trade with 100% accuracy, you should aim for a conservative 15% buffer at both the buy and sell end of your trade which will leave you with a 70% profit band from the buy entry to the sell exit.

Of course you may do much better and much worse than this, but 70% of the anticipated price movement should be your conservative goal.

By adopting this conservative entry and exit strategy you have much better chance of avoiding waiting to long and missing the boat altogether, having the price turnaround and buying to high; as well as buying way to early before the price has bottomed out.

To avoid these two commonly made timing mistakes, plan your entry and exit strategy well in advance, be confident in your technical analysis and you should avoid these two most frequently made trading errors.

You will often hear about traders and investors ‘beating the market’ but with all the talk about beating the market and the ultimate goal of making money from trading company's on the stock market, without doubt the largest and most serious of obstacles to becoming successful at trading in stocks is overcoming yourself and that little voice in your head.

The whole idea of using online trading software is to reinforce confidence in yourself and your ability to identify solid reliable trades.

Any tool or process you can use to give yourself more confidence in what your doing will eliminate a lot of the emotion which can lead to bad decisions being made.

Ideally a good trader needs to behave like an ‘assassin’, there is nothing personal about it, it’s simply business.

Although using an online trading software tool can take some of the emotion out of the trading process, it’s always wise to be forever mindful that emotions and that little voice in your head can creep in at any time.

Realistically a trading tool will never be able to take out all the emotion from trading all the time, so its always best to acknowledge when your emotions are getting the better of you and be mindful of them rather than just going into complete denial or even worse, letting your emotions take control.

If you feel emotion getting in the way, and the voices in your heard getting louder, it’s always good practise to go back to your trading tools and reinforcing your technical analysis and stock selection criteria.

This will serve to concrete your confidence and silence those emotionally driven forces in your head.

If your looking to day trade in stocks online or simply would like the additional confidence in selecting stocks to invest in, choosing the right online trading software can play a big part in your success when it comes to online stock trading.

Whether completely new to online stock trading, or seasoned day trader, having the right tools for the job can make all the difference.

Simple questions to ask yourself to determine the best online trading software for you

How much experience have you had at online trading: if you are just starting out and learning the ropes, it’s probably better to opt for a simpler online trading software package to start with. Alternatively, if you have had many years experience at trading and have already cut your teeth on buying and selling shares, you may opt to take things to the next level and look at a professional, fully featured online trading software package such as Metastock.

How often and how much time do you think you will devote to trading: if you are just a part time trader, you may not get full value from an expensive, full featured program. Although if you expect to make a number of traded on a daily basis it would obviously be well worth spending that little more.

What online trading software have you used in the past: it can be a real headache learning a new day trading program and it pays to check if there is a deluxe version of the program you are presently using or maybe even an upgrade which can save you as well.

What type of securities are you primarily trading: most traders will trade primarily in stocks, although if you are really focused in options or forex trading it pays to hunt down online trading software packages which specialize in your particular trading area.

Can I Try Before I Buy: Many online trading software packages will allow you to download a trial version of the product to test drive it for at least 14 days and even provide instructional videos to help you along.

Becoming comfortable and confident with your online trading software is essential for any serious day trader or medium term investor. So it’s well worth the while to take the opportunity to ‘test drive’ a number of online trading software packages before you commit to a purchase.

It also pays to ask around and find out what trading software other online traders are using and get a number of opinions. An excellent idea would be to post a question on your favourite day trading or investment forum to get an idea of what different packages people out there are using.

It’s vital for any trader to extract as much valuable information from the online trading software as possible.

Although as powerful as some software trading tools come, they can only perform as well as the person driving them. So its extremely important to invest in yourself by becoming proficient at using your chosen online trading software before you can expect solid results.

Another consideration to make when looking to get the most from your online trading software is consider the information your seeing from a third person perspective.

All of us have been wrong at some time and no-one is right all the time, so it can be a good idea to get an outside opinion on any good trades that you may have identified.

A somewhat unorthodox way of increasing your confidence and conviction about a possible trade is to perform some research on the company that your online trading software has identified. Although many technical analysts will advise against taking this path, as it distracts from the pure ‘technical analysis’ of a stock.

Having a look over a company’s fundamentals, things like how much debt a company is carrying, what is the company’s book value and if there has been an unexpected profit downgrade, will give you a better understanding of why the price data of a given company has tracked the way it has.

A company may have come in to a little legal trouble, or had a bad quarter in sales or made a once off asset write off. These sort of events are not covered in technical analysis yet nonetheless have a real effect on a company’s share price and therefore may present an excellent buying opportunity.

Using your online trading software to filter and identify company’s which are experiencing short term temporary drops in price is an excellent strategy for providing a shortlist of stocks for further study.

In truth there is no hard and fast rules when it comes to share trading, any process or technique that can give you added confidence and conviction when making your trades has value.

Better understanding the ‘why’ of price fluctuations can really only be a good thing!