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:
Price
Features
Reliability
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 contact us so that we can provide a review of your product on this site.
The best tools for the best value can make all the difference to your trading.
If you would like to rave about how good your Options Trading Software is, or maybe warn others about what NOT to waste money on - HERE'S YOUR CHANCE TO HELP OTHER READERS.
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