How to Find the Right Trading Analysis Software

Are you considering investing in the stock market?

If you do, you want to find the right software for trading analysis. Trading analysis refers to analyzing the stock market trends before investing in a company.

This is when you can place an order on a stock based on your analysis of the company. You can place buy orders, sell orders, and trade options using trade analysis software.

But what are the best trading software programs you should consider?

Here’s what we recommend.

Algo Trading

Algo trading easily tops our list, as it’s a great choice for both beginners and seasoned investors.

This lets you place trades based on algorithms and mathematical systems. It’s a stringent set of rules on how you should buy and sell shares. It’s a simple software that works on the Windows platform.

If you are mathematically inclined, this is a great software for you to use. It won’t take long to understand and you’ll find it to be more stable than competing software.


This is a stock analysis software that comes in different packages depending on its complexity. This means that it can work for both beginners and expert investors.

It helps with trading stocks, trading options, and buying and selling on the Forex Market. 

You’ll also receive excellent customer service and online training to help you trade stocks. This is a great option if you want to earn a full-time income from the stock market.


This is a popular Windows-only that lets you look at stock charts alongside news and information regarding the stock market.

It’s a perfect option for short-term traders. If you wish to buy shares at the start of the day and sell them by the end of the day, you’ll prefer using MetaStock.

You’ll also get a month-long free trial so you can test the waters before diving in. You can pay for the service as a monthly subscription or as an annual subscription.


This software offers tools that help you with enhancing your trading experience.

For example, you’ll have the option to paper-trade, which lets you practice trades without risking money. It also allows for custom trading strategies and lets you set up automatic trades.

This software works for both Windows and Mac OS. You can also use it on Android and iOS devices. This is perfect if you travel often and wish to trade during your travels.

You can also access historical data for any stock, equity, option, or future. This is a great service for active traders who place several trades within the day.

There’s currently no subscription fee to use TradeStation. However, there are commission fees taken from your trades.

Charles Schwab

Charles Schwab has become a popular option for online banking. If you open an Investor Checking account with Charles Schwab, you’ll also be obliged to open a Brokerage account.

While there’s no obligation to place trades, you can enjoy an easy trading experience using this service.

This is a great option if you want a simple service to help with buying and selling stocks and ETFs. There are a few tools to help with technical analysis but overall there aren’t too many features with Charles Schwab.

However, if you wish to keep things simple and trade over the long term, this might be the ideal option for you.


This is one of the most popular trading platforms for both amateurs and experts.

Regardless of what category you fall under, if you wish to make a regular living from trading, you should consider E-Trade.

You can see charts at different time periods. You can view charts to see the trends from the past year, past 6 months, past 3 months, past month, or even the past 5 minutes!

You can also set alerts and automatic trades with E-Trade. You can also use E-Trade to paper-trade and practice your trading skills.


This is an upgrade from E-Trade and is a great option if you want to trade on a regular basis. If you’ve gotten some experience with trading, you might wish to upgrade to Thinkorswim.

You’ll get to paper-trade as well as trade stocks, buy and sell ETFs, trade options, and futures.

You’ll have a variety of tools to help you keep track of market trends. You can also create your own analysis tools, which is not a common feature of most trading platforms.

As with E-Trade, you can view charts at different time periods. You can also look at technical studies to make better decisions on your investments.

This is easily the best trading software for seasoned investors who wish to make a living off the stock market. You can use this platform on both Windows and Mac OS.

Many traders who use Thinkorswim will be able to easily find a community of fellow traders. It’s not unusual to see several traders sitting together with their Thinkorswim charts open as they place trades.


If you trade often, then you’ll like the features that Lightspeed offers. It’s a simple software that lets you place trades without having to be bogged down by too many charts!

It focuses mainly on looking at current trading opportunities. If you aren’t too concerned about looking at past trends or older charts, this is a great option.

You choose a set of preferences of what you’ll like based on 100 different criteria. Based on your preferences, Lightspeed will recommend stocks to invest in.

At any given time, you can change these preferences at your will. This is great if you want to quickly place trades without doing too much research.

Choose Your Trading Analysis Software

Now you can choose your trading analysis software from our recommendations.

Make sure you decide what your trading goals are before you can settle on the best software option. You want to also assess your skills to see which trading analysis software will be easy to use.

Please make sure you share this guide with other stock market enthusiasts. You can also find more financial content on our website!

About Carson Derrow

My name is Carson Derrow I'm an entrepreneur, professional blogger, and marketer from Arkansas. I've been writing for startups and small businesses since 2012. I share the latest business news, tools, resources, and marketing tips to help startups and small businesses to grow their business.