Considering our labor-saving devices, it is something of a paradox that we are increasingly becoming more do-it-yourself kinds of people. And perhaps more than anything else, we are more inclined to self-sufficiency in the trading world.
It is likely that we no longer have our stock broker on speed dial–something that was normal two decades ago. In our age of technology, we have the resources and tools we need to make informed decisions about what to do with our money. And do it on our own.
A stock scanner is one of these many assets. And the Trade Ideas stock scanner is one worth noting.
Trade Ideas Explained
Trade Ideas is a comprehensive and easy-to-use stock scanning application that uses artificial intelligence to help traders spot profitable trading opportunities. The application offers a wide range of features, including real-time stock scanning, news alerts and advanced trading functionalities that allow traders to make informed trading decisions.
The Trade Ideas stock scanner is designed to provide traders with an edge in the stock market by giving them real-time market data that they can use to make better trading decisions. With its advanced scanning capabilities, traders can quickly find potential trading opportunities based on different criteria like price, volume and sentiment.
Trade Ideas Stock Scanner: The Features
Trade Ideas comes with many features that we like. This is why it’s on our list of the five best stock screeners. Here are a few of our favorites:
Scan the Market in Real Time
One of the most impressive features of the Trade Ideas stock scanner is its ability to scan the market in real time.
Traders can customize their scans based on their trading preferences and get instant notifications when a potentially profitable opportunity arises. This feature allows traders to act quickly and capitalize on the market changes as they happen.
The Trade Ideas stock scanner also offers a range of customizable alerts that traders can use to stay on top of the market. With its news and social media alerts, traders can get real-time updates on market-changing events and respond to them accordingly.
Additionally, the customizable email and SMS alerts ensure that traders never miss a potentially profitable trading opportunity.
Test Your Strategy
Another impressive feature of the Trade Ideas stock scanner is its ability to backtest trading strategies.
This feature allows traders to assess how various trading strategies have performed historically and make data-driven decisions. With its backtesting capabilities, traders can optimize their trading strategies and maximize their profits.
Link Your Brokerage Account
Trade Ideas also integrates with several popular trading platforms, including TD Ameritrade, Interactive Brokers, and E*TRADE.
This integration allows traders to execute trades directly from the platform without having to switch between applications.
Trade Ideas provides a community-driven approach to trading. It provides a comprehensive knowledge base and a forum where users can ask questions and share their experiences, creating a community of traders that can learn from each other’s successes and failures.
The platform’s marketplace feature also allows users to sell their own trading strategies to other traders, providing a new source of income for expert traders.
Quality Customer Support
Finally, Trade Ideas offers excellent customer support. You can contact Trade Ideas via email, phone or live chat. The customer support team is knowledgeable and responsive, ensuring that traders receive the help they need when they need it.
What We Don’t Like
Like any product on the market, Trade Ideas does come with a few things that could be better. But they are few and far between.
First, the platform is relatively expensive compared to other stock scanners, making it a less viable option for traders with a limited budget. Additionally, its user interface is somewhat cluttered, making it less intuitive for new users.
Trade Ideas Stock Scanner Pricing
Trade Ideas offers two different paid subscriptions. Each one can be paid monthly or annually.
• Trade Ideas Standard – Though you won’t have access to as many features with the Standard plan, it’s still a great bang for your buck. This plan will cost you $118 per month but paying $999 upfront gives you a discount.
• Trade Ideas Premium – Offering exclusive features, Trade Ideas Premium is a powerful tool that comes with a monthly cost of $228. Once again, you can opt to pay an annual fee of $1,999 to reduce the total cost.
The Bottom Line
Trade Ideas is an excellent stock scanning platform that provides traders with real-time market data, advanced scanning features and customizable alerts.
The platform’s integration with multiple trading platforms, backtesting capabilities and community-driven approach to trading makes it a valuable tool for traders of all levels of experience.
Though there are cheaper alternatives on the market, it’s worth noting that anything worth having doesn’t come cheap. And the financial experts who back Trade Ideas, coupled with AI technology, make it a valuable tool for any investor.
Founder Dinis Guarda
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