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Learn how one trader made $17k profit with this one technique!

 

By now, you should have learned the basics of charts from your reading materials however, the links below take you to some more in depth studies of charts and their importance.

Previously, I received this e-mail from the producers of the former ZDtv Money Machine with a question from one of their viewers:

"I would like to know your suggestions for the best Tools, both software and web sites for Stock Evaluation including MACD and Bollinger Bands, etc."

I sent them the following analysis of various sites.  Please keep in mind that the following list is by no means complete.  

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Dear Money Machine,

The question from your viewer is often hard to answer in a general manner. Especially when talking about technical analysis charting with such indicators a MACD and Bollinger Bands. While every investor should know the theory and use of technical indicators for "after market" analysis, often, the beginning trader is led to believe that he or she must use them during trading hours to watch a stock.

Unfortunately, during trading hours, the beginner is distracted by such indicators simply because they do not have the experience to handle multiple real-time inputs of information yet. It takes time and work for a person to be able to juggle many data factors flying by in real time during market hours. That's why I stress that beginners should paper trade and practice with the simulators for many months before trying to trade live.

For a person just getting started there are several reasonably priced solutions. I ranked my research of the viewer's question from totally free for the casual investor up through the fee based services desired by active Day Traders.

Please keep in mind that there are many more sites and companies providing this information which are listed on The Rookie DayTrader.com on our Summary page at http://www.rookiedaytrader.com/summary_of_links.asp.

The sites below are the ones that I either know of already or found by doing a Web Search with Google using the keyword "Charting".

1. http://www.askresearch.com/
Ask Research provides free on-line charting using many of the technical analysis parameters desired by the technical trader. The charts are small however, there is a lot of good information here. They also have many other free information services available.

2. http://www.clearstation.com/
Clear Station provides free online charting and education about Technical Analysis, charting and trading. There's a lot of good content here where a person can spend a lot of quality time learning the technical side of trading.

3. http://bigcharts.marketwatch.com/  Big Charts provides a wealth of free information on-line. If you use the Quick chart function you get the basic chart and news information on a stock. However, if you use the Interactive chart function you can select the Indicators that you want to use for detailed charting.

4. http://www.quotetracker.com
Medved Quote Tracker is a FREE Windows program that provides Real-Time tracking of your stock portfolios using various real-time web sites that supply stock quotes. Live intraday charts with Technical Indicators, alerts, and historical charts will help your trading. The latest version adds news monitoring, portfolio printing, ISLAND Level II quotes, Real-time Scrolling Ticker, Research, user-defined views, symbol lookup, SOCKS proxy support, and many other enhancements.

5. http://powerinvestor.com/
Power Investor provides a membership in Investor Alliance for $99 a year and with it the user gets the Power Investor software. Also, the user gets a daily data feed after the market closes included in the deal. Here at the Rookie DayTrader we use Power Investor for all of our daily after hours charting research because it is fast and doesn't have to go out onto the Internet except for getting the daily data updates which usually takes 10 minutes.

6. http://www.quote.com/
Quote.com provides several levels of membership. The basic is $9.95 per month for real-time data plus their browser based "Live Charts" http://finance.lycos.com/qc/subs/trader.aspx.  There are many options to the active Java chart.  However, the chart history is limited at the basic price level. Qcharts comes in two pricing levels: 1) Standard at $9.95 and 2) Plus for $19.95 per month. http://finance.lycos.com/qc/subs/investor.aspx

7. http://www.dtniq.com/
DTNIQ provides a free 1 week trial to their Real Time charting package. You only have to pay a nominal Exchange fee to try it out. DTNIQ also offers many other services including an On-line Brokerage service, Chat Room, NASDAQ Level II, etc. However, the price goes up for each Exchange and option that you add onto the package.

8. http://www.esignal.com/
eSignal provides delayed and real-time streaming quote data and an analysis program.

9. http://www.mytrack.com/
myTrack provides delayed and real-time streaming quote data and an analysis program downloadable via the Internet. It has what I consider to be the better pricing package of all of the services. However, like all of the other providers, the price can stack up rapidly. Their entry level "Realtime Silver" service plan is $19.98 plus Exchange fees. You can add or remove services on-line as you desire (one month minimum) as long as you have a valid credit card.

10. http://www.mastertrader.com/
For the real serious Day Trader, Real Tick is the premier software. There are many on-line Brokers offering Real Tick as their base package. However, MasterTrader has one of the better overall packages for Day Traders. The trader is required to open a minimum $30,000 trading account in either cash and/or securities.

 

While most sites are full of technical jargon, there are a few that have comprehensive Glossaries that are a good reference:

1. http://www.clearstation.com/doc/glossary.shtml   Clear Station

2. http://www.acronymfinder.com   Acronym Finder

3. http://matisse.net/files/glossary.html   Matisse Enzer's Glossary of Terms

4. http://www.investorwords.com/   Investor Words

 

Regards,

The Rookie DayTrader
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

 

Summary of Chart Links

Link Description
A Trader Techniques Voted the best confidence building tutorial web site for the active equity or future trader. Step by Step we train you until you feel the market and are ready to trade.
About-Online-Trading.com How to Become a Real-Time Futures Trader from Home. Award-winning site for the highly-acclaimed trading guidebook and software now used by active traders in more than 65 countries. Check the awesome reviews!
Accendo Traders Video Technical Analysis Trade Plans Accendo Traders provides free stock market video on how to develop your own personalized trading system. We focus on technical analysis, chart patterns and the psychology of trading to help our traders maximize their profits.
Angel Mutual Fund Angel Mutual Fund provides online Mutual Fund transactions facility and provides information on latest NAVs, New Fund Offer (NFO), top performing mutual funds, mutual fund management, mutual fund investment guidance; as well as tools like SIP calculator, Mutual Fund synopsis.
Ask Research Ask Research provides free on-line charting using many of the technical analysis parameters desired by the technical trader. The charts are small however, there is a lot of good information here. http://www.askresearch.com/cgi-bin/chart They also have many other free information services available.
Bar Chart Advanced Technical Charting and Analysis of Stocks and Commodities. Technically correct easy-to-use free, interactive, online charting and analysis
Bar Chart Futures The Most Powerful Internet Charting Software Custom Charts, Custom Spreads and Chart Builder.  The Most In-Depth Technical Analysis Trend Spotter, Opinions and Technical Indicators.
Big Charts Big Charts provides a wealth of free information on-line. If you use the Quick chart function you get the basic chart and news information on a stock. However, if you use the Interactive chart function you can select the Indicators that you want to use for detailed charting.
CallWriter Real Time Options CallWriter offers the web's only real-time lists of the highest returning covered calls, naked calls and naked puts, the web's best daily covered call picks (with analysis) and the web's only position management calculator.
CMS FX (Capital Market Services) 24-hour online foreign exchange currency trading. Experience the powerful VT Trader platform. Free, unlimited demo accounts. Open a live account with only 200 USD. Up to 400:1 leverage. Superior, multi-lingual customer and dealing support.
Cobra Trading, Inc. Cobra trading is a direct access broker dealer with multiple software platforms to choose from along with very competitive commissions.
Commodity Futures Chart Daily charts are updated every market day; weekly charts are upated at the end of each week; monthly charts are updated at the end of each month.
Commodity Prices For Commodity Export prices of agri products like black pepper, cumin, soybean meal, sesame, mustard, niger etc. alongwith their expected future movements.
Day Trading Software Day trading software and other programs and tools useful to online traders and investors.
DTNIQ DTNIQ provides a free 1 week trial to their Real Time charting package. You only have to pay a nominal Exchange fee to try it out.  DTNIQ also offers many other services including an On-line Brokerage service, Chat Room, NASDAQ Level II, etc.  However, the price goes up for each Exchange and option that you add onto the package.
Enerphase-Software Day Traders tracking tool. Provides instant and accurate information on status of day trades. Tax burden, broker fees, break even price, notes , profit/loss, etc. This is a tool to help the day trader quickly decide when to sell, buy or hold.
Equity Challenge Free stock picking contest, investing tools, trading articles and stock forum for day traders, investors, and people who want to learn and compete.
eSignal eSignal provides delayed and real-time streaming quote data and an analysis program. Pricing starts at $79.00 per month plus Exchange fees. However, the price goes up for each Exchange and option that you add onto the package.
Executioner Enhance your trading performance with....Real Time point and click executions*.  Confirmations received in as few as 2 seconds.  Commissions ranging from $22.50 to $18.95 per trade.  ** Dynamic Real Time Quotes (no buttons to push).
ExPrSS Securities, Inc ExPrSS Securities offers point and click execution through a level I or level II system. Pre and post market trading through major ecns. Free demo. Low commissions.
Forex Managed Account Our Forex Managed Account programs allow you to have a diversified exposure to Forex by letting experienced money managers trade in the foreign exchange market for you.
Grafbourse Stock technical analysis, charts and statistics. Financial decision.
GreatStockPix.com Daily Stock Picks and an intelligent trading approach.
Hard Right Edge Technical Analysis Traders Wheel for day traders, day trading and short-term trading: original technical analysis, stock picks, tools, techniques, market commentary for short term trading and day trading the stock market.
Learn Stock Market Legends Learn Stock Market Legends www.LearnStockMarketLegends.com Want to make money trading stocks? Learn from Wall Street’s greatest as well as top investing strategies. And it’s all free.
myTrack myTrack provides delayed and real-time streaming quote data and an analysis program downloadable via the Internet. It has what I consider to be the better pricing package of all of the services. However, like all of the other providers, the price can stack up rapidly. Their entry level "Real Time Silver" service plan is $19.98 plus Exchange fees. You can add or remove services on-line as you desire (one month minimum) as long as you have a valid credit card.
PENNY STOCKS for beginners a FRESH assembly of over 350 of the best PENNYSTOCKS on an easy to use, printed List. Start immediately.
PocketQuotes For Wireless Wireless tick by tick stock quotes and real-time market data for PDAs.
Power Investor Power Investor provides a membership in Investor Alliance for $92 a year and with it the user gets the Power Investor software. Also, the user gets a daily data feed after the market closes included in the deal. Here at the Rookie DayTrader we use Power Investor for all of our daily after hours charting research because it is fast and doesn't have to go out onto the Internet except for getting the daily data updates which usually takes 10 minutes.
Profits On Swiss based analyst company providing short term trading system signals across a number of global markets including Euro 24h futures, mini S&P 500 futures and Soybeans futures.
Prophet Finance Your Toolbox for Trading Smarter Interactive Power Tools for Online Investors
Quote Tracker Medved Quote Tracker is a FREE Windows 95/98/NT program that provides Real-Time tracking of your stock portfolios using various real-time web sites that supply stock quotes. Live intraday charts with Technical Indicators, alerts, and historical charts will help your trading. The latest version adds news monitoring, portfolio printing, ISLAND Level II quotes, Real-time Scrolling Ticker, Research, user-defined views, symbol lookup, SOCKS proxy support, and many other enhancements.
Quote.com Quote.com provides several levels of membership. The basic is $24.95 per month for real-time data plus their Java based "Live Charts" http://www.quote.com/livechartscom/.  There are many options to the active Java chart.  However, the chart history is limited at the basic price level. Qcharts comes in two pricing levels: 1) Standard at $79.95 and 2) Premium for $99.95 per month. http://www.quote.com/reg/reg/layout/start.html
RealFastTrader.com RealFastTrader.com offers FREE streaming Level 2 quotes, intraday charting, fast executions, low commissions, day trading direct access software and personalized cutomer service. Don't be just another trader, be a RealFastTrader!
Realtimestockquote.com - Streaming stock quotes, charts and investment tracking. RealtimeStockquote.com provides real-time streaming stock quotes, stock charts (intraday and historical) and investment tracking tool with a low monthly fee. Free services are available with delayed data.
Rockwell Trading, Inc We offer dynamic market solutions for the intelligent trader. Whether you are interested in Stock Trading, Day Trading, or Futures Markets our expert trainers can help. With nearly 40 years of trading experience our models, templates, and strategies are backed with the strongest guarantee in the industry. Stop by our website for FREE Trading Strategies and Trials!
Smart Stocks Best Technical Analysis blog on Global Stock Markets
Speed Trader Offers online trading and day trading of all Stocks, Options, Futures, Forex and International Markets, with instant point and click executions, and fast confirmations. Free dynamic real-time quotes, Nasdaq Level II quotes, and intra-day charting.
Stator - Advanced Finance Management Affordable portfolio management software designed for serious traders. No matter what type of market you trade or what types of investments you have, Stator leaves you in total control. Visit the website to learn more.
Stock Market Scanner Service We provide a concise report of the current stock market situation based on user-given criteria
Stock Technical Analysis Resource Center TradeOurWay.com provides many proprietary tools, such as AnalyzeIT, which is designed to check your stock's health, based on technicals of that stock. It provides you with Support and Resistance, today's stock performance as well as values of many technical indicators.
The Superb Trading Seminars The key to successful trading begin with Superb Trade. We specialize in educating Day-Traders, Swing Traders and Long Term Investors. Subscribe to our FREE Lessons & Chart of the Week and start your day trading education today.
Tools4Investors Read reviews of books, websites, brokers, trading software and more, written by traders and investors that actually use the products!
Traderhr Swing Trading Specialist
Tradetrac Financial Data Svcs. The money managers leading source for real time winning stock trade alerts. Based on institutional money flow analysis as calculated with the Transfer of Power Price Point. Now also available to individual traders. Free 30 day trial!
Trading Charts We chart thousands of price charts daily, following nearly every stock & commodity traded in North America - plus many internationally traded stocks and commodity futures. The charts plot technical indicators such as closing price, trading volume and moving averages in graphical charts, suitable for use in technical analysis to help determine market trends. Charts are offered with daily, weekly and monthly resolution, and are updated daily, weekly and monthly to always provide the most recent price data.
TradingSharesOnline.com TradingSharesOnline.com brings you the latest information on share prices, stock market quotes, charts, financial news and even currency rates. >>> TradingSharesOnline.com
United Futures Trading Broker assisted, online, and managed futures trading. 4 Online Trading Platforms to choose from. Futures charts, live quotes, market news, research, trading systems, and much more. Low rates and great customer service.
WindChart Real-time technical analysis of stocks

 

 


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