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It's a competitive world! So, there is not just one free technical analysis software that is available today--there are plenty! They can be downloaded from the Internet at absolutely no cost!
It is not an easy matter for a newcomer to the trading world to decide which is the most suitable one for him/her. Additionally, each person has a different aptitude and attitude. It would therefore be advisable to search for and select the model most suited to his/her needs, rather than just deciding to go for the most popular one since everyone is using it. It would be tragic to discover later that the model does not fit in with any of the user's needs!
A detailed description of some models of free technical analysis software is given below--
(1) A tool that can be downloaded from the web site, stock-anal.com, is the StockAnalyser.
If the user has prepared a market and portfolio list, the one-click feature allows around 40 listed stocks to be analysed. The strategies used for analysis are old-fashioned, but informative. They signal buy and sell points such as NASDAQ and DOW.
The various patterns of demand and supply can be calculated by the Bullish-Bearish indicator.
A special system monitors the candlestick chart patterns. These chart results are archived, to be displayed whenever the trader wants to view them. He/She then gets a chance to note down comparisons, and see how one is different from the other.
(2) One of the most impressive models among all is My Trader. This is a free technical analysis software that can be downloaded from the web site, Fogan,net. Its usefulness lies in the fact that it can be classified as a one-stop analysis tool that is customized to suit the user's needs!
Those traders who are very serious about their business can utilize it to follow up on the current portfolio, as well as others if necessary. It does not matter if they have a technical bent of mind, or fundamental--the software caters to all approaches and needs.
Coming from a company that has been involved with interface designs for a longer time than others in the same field, My Trader is an extremely easy tool to operate. This software archives the entire history of transactions and tips related to the user.
Other benefits provided by this free technical analysis software include--guidance regarding markets and trading, latest trading trends, searching for stocks as per user's personal specifications, providing an in-depth analysis of information pertaining to any particular company, and on-the-spot reviews concerning trading environments.
Unlike other online tools, My Trader does not demand special connections. Nevertheless, it provides current and dependable information concerning the trading world. Finally, as a free technical analysis software, it passes information very rapidly over the Net. A satellite connection or cable connection is unnecessary.
(3) A third model of free technical analysis software is the Modern Speculator Junior. It can be obtained from aol.com (under ddsoft).
This tool is not concerned with what happens in the future; it is only bothered about current trading prices! The reports given out are very direct and impartial.
The programs listed on this free technical analysis software are extremely easy to use, as they are very compact. The downloading and installation time for these programs is less than three minutes!
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