Best Free Trading Software Reviewed

When looking for free trading software, you might want it to be user-friendly and easy to use. Most users do not want to be involved in learning issues. They expect stock trading software to be intuitive. Besides, they want it to meet their personal needs and preferences in terms of trading strategies.

Those of you who prefer trading stocks using candlestick patterns might appreciate some of the best picks reviewed by our experts. Each platform offers simple and fast integration. What is even more important, some of these tools are available at zero cost. Let’s have a look at some of the best stock trading software options available in the market.

1. TradingView – Software for Day Traders

The platform was designed to meet the needs of day traders, as it provides them with short timeframes ranging between 1 and 15-minute periods. The key advantage is the ability to set alerts with the help of this free trading software. Additionally, it comes with a powerful set of social media components.

Another benefit is that TradingView makes it possible to compare several charts simultaneously. The platform offers an initial freemium plan with a chance to empower the toolkit with paid subscriptions that offer in-depth features and trading upgrades.

2. StockCharts – A Functional Budget Software

For experienced traders, the software may seem quite plain. However, beginners will definitely find it very handy, as the platform lets them create candlestick or line and bar charts. A free account provides users with access to 30-year data.

If you need more, paid plans will provide you with even more crucial information. The only downside here is that paid subscription is required in case you plan to use intraday charts.

3. Yahoo! Finance – Simple and Aesthetic Features

The platform comes as a baseline tool for traders who use candlestick patterns. A set of features was developed to help users filter different charts based on specific technical indicators. Additionally, it makes it possible to overview stock moves over the last 5-year timeframe as well as compare different patterns and charts that refer to the same period.

4. Google Finance – Perfect for Beginners

It is an intuitive and easy-to-use tool. If you have ever used Google Suite, you will find it easy to work with the platform. Although it does not boast an extended set of features, it will definitely fit beginner traders having an easy-to-navigate interface and several baseline chart and pattern functionalities.

5. BigCharts.com – A Recognizable Stock Trading Software

The tool appears to be one of the longest-running stock trading platforms. It utilizes an array of different technical indicators. What’s more, users will appreciate a range of available chart types. Intraday traders will appreciate broader timeframes letting them plot from 1 to 60-minute intraday charts.

This fact ensures more flexible trading, especially if you plan to access price action. Additional benefits involve access to extended historical data that takes us back to the mid-’70s with piles of information about leading and longest-running companies.

6. FreeStockCharts.com – Free Trading Software

The platform claims to be a flexible solution for traders despite their strategy. Apart from intraday charts, it makes it possible to create weekly, monthly, or even yearly patterns. 80 technical indicators are at users’ disposal to filter data and save charts in the “favorites” section making them fast and easy to reach whenever needed.

Things to Consider When Choosing Stock Trading Software

Selecting a free trading software may be daunting with so many options out there on the web. However, the following features will let you chose the one that can be a perfect fit depending on your trading techniques:

• Clean charts – try to avoid messy patterns. Make sure the layouts are easy to read. They are supposed to provide a clear overview of how stocks are moving.
• Usability – the interface must be user-friendly and intuitive. Besides, you might need to have a chance to integrate it with other technical indicators for maximum flexibility.
• Price – free trading software can be tricky. Platforms offer free accounts with only some baseline features. To get more in-depth market insights, you will need to pay. Luckily, the majority of stock trading software providers offer freemium models with enough functionality and toolkit to ensure the most favorable outcome.

The Bottom Line

Online trading is becoming more and more user-oriented with a variety of automated software and stock trading instruments available at zero cost. If you prefer trading with charts and patterns, the list above will certainly bring some nice picks. However, you are not supposed to rely on a single platform. Try to diversify your trading arsenal with different technical solutions or opt for some of the most innovative and high-end automated trading developments.

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.