Solid guest post from a trading challenge student: The next top 10 post will be focusing on trading software. Again, this is a list that I was able to find on Investimonials , which is a fantastic resource if you ever want to get some reviews on financial related products before purchasing. Anyways, the number one software according to this site is called Townsend Real Tick.

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This is known as a fast and relaiable sources of market data. It gives online traders, broker dealers and financial institutions worldwide access to groundbreaking market access and liquidity solutions. It has been around for more than 25 years and continues to grow.

Very simple and easy to use. Plus, the charts are tons better than sterling or lightspeed whose charts are terrible. I also went out to the Townsend offices in Chicago and met the team and was very impressed.

I would definitely recommend Realtick. This is a real time trading alert application as well as access to the chatrooms you are qualified for.

However this is not the best software out there. Third we have Eye in the Sky Trade Planning. This is a software package that allows users to find, research and plan their trades with ease.

Starting with not so much $

The filtering capabilities enable the user to combine hundreds of technical and fundamental criteria, with information right at your fingertips. You are able to screen Technical Chart Patterns, which, like many other Pattern screeners, is more of a hit or miss.

Again, not the best or worst results. But the results are pseudo-fast. Will have to test.

Fourth on the list we have a powerful research platform called Stock Rover. This equity research tool brings institutional-grade analytics to the everyday user. It provides a comprehensive research station that can perform fundamental and technical analysis on investible securities.

What I really like are the sorting tabs after the Screen results. This allows you to spot iceberg and spoof orders without having to remember the volume of resting orders that WAS at the level minutes earlier. I only turned the corner after I started getting a grasp on Orderflow. These tools just make the job considerably easier.

They are not magic indicators they are tools. But if you just be patient and take the time to study them you will get it. I thank Jigsaw for their support and making my trading journey a lot easier. These are the last trading tools you will ever purchase.

Sixth we have Turbo Tax Prep. The majority of people that are reading this will have at least heard of Turbo Tax due to the commercials that air on your television especially in the first few months of the year. In an area so complicated as taxes, TurboTax really knows how to dumb it down for pretty much anyone to use at a very affordable price.

It walks you step by step collecting information from you and then automatically files your forms for you. Whether it be your income or capital gains taxes, TurboTax will surely help you out. When filing income taxes, a feature that makes things really helpful is the fact that they can literally pull all your w2 information from most companies with just a few clicks without you having to manually type it all in which saves tons of time.

Stock Vision-Power Scan is seventh on our list. This is a real time stock screener that has a free trial available for you to test it out. It is meant to help you through hundreds of stocks to find the ones that meet the criteria you are looking for. Best of all, the cost is affordable!!!

Also, a good e-book they sell for newbies. Eighth up is Worden Telecharts. This is exactly what it sounds like, a charting software. I scanned stocks before the market opened. I scanned with my own three formulars and at the end I always had my 10 — 30 stocks which I watched for the day… worden is not that great for intraday scanns because it is too slow and the charts do not update always and it is 20 min. So I would really recommend it for pre market scans. Ninth we come to Ninja Trader, which gives active traders, automated trading, third party developers and brokers industry leading solutions.

I use the simulated version of NT that is free and am very pleased with the functionality and charting settings. For future version of the platform I wished there was less clutter by combining all windows in one concise workspace. Last but not least we have QuoteTracker, a windows program that integrates with various datafeeds, brokers and financial sites to provide you with streaming real-time quotes, Live intraday charts with Technical Indicators, Level II quotes, Time and Sales, alerts, news.

Wow, what a mouthful! Their Support is pretty good as well. Best Stock Trading Software , Stock Trading Software Reviews. As many of you already know I grew up in a middle class family and didn't have many luxuries. But through trading I was able to change my circumstances --not just for me -- but for my parents as well.

I now want to help you and thousands of other people from all around the world achieve similar results! Which is why I've launched my millionaire challenge. So when you get a chance make sure you check it out. Don't forget to check out my free Penny Stock Guide , it will teach you everything you need to know about trading. Thanks for the list Tim. I have a fire under my ass and I am sick and tired of being sick and tired. So what do you reccomend we use tim? What is the platform you use in your youtube vids?

Been doing some research and watchin loads of your vids, i want to get rolling! Being from the UK can i trade the US penny stocks? I really need to start learning more about investing and trading so I can put my money to work for me. Thanks for reviewing free trading software options.

I like how you differentiate between trading software and decision support tools. Having the right information to make decisions is essential for knowing when to buy or sell. Would love to know what resources I need first to get started.

I will become a millionaire trader. Cool, start with my free http: Hello Tim, I am a total newbie in trading, and have no idea how to trade.

Which software could you recommend me? Thank you in advance, Slobodan. I am Really new heck I am still trying to figure out how to start meaning what website should I use? I an here to learn and want to get on the right track from the start. I became self-made millionaire by the age of 21, trading thousands of Penny Stocks - yep you read that right.

You may have heard the story: I was featured on a popular reality TV show called Wall Street Warriors. I was featured in Trader Click here if you want to become a millionaire!

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