The best trading tools are out there. The key is figuring out how to find them and how to utilize the free ones. Low overhead means more profit. The less you spend on your tools, the more money you can make. It is simple business sense.
But beyond the software and the pre-market trackers and the complicated algorithms that go into day trading, you need to familiarize yourself with the best free trading tools from Warrior Trading. And that starts with the day trading chat room.
Warrior’s day trading chat room is one of the best trading tools out there. That is because the more that 2000 members are generous with their advice and the site sees more than 3,000 traders in the chat on free chat days. The in-depth conversation, trade alerts and usable breaking news that flows through the chat room are indispensable to day traders that want to make money.
Now, let’s discuss the tools that day traders need to make profits. Everything from stock scanning programs to trading software to a source of breaking news. All of those free trading tools are necessary to make real profits.
The Right Trading Software
Active day traders need fast executions of trades. That is the most important item that your day trading software needs. To be able to make money, you need to take positions and get out at precise times. Speedtrader and Suretraders are both excellent options for the busy day trader.
Stock Scanning Software
Before you trade, you need to know what stocks to pick. And proper stock scanning software is an absolute must. ID’ing the prime movers before they make their moves is essential to making a profit. Trade-Ideas is an excellent solution for day traders that need to scan the market and get the right stocks.
You need a reliable and fast source of news headlines that will help you figure out why a stock might move. The catalyst, which could just be the market mood or an unique reason like an earnings report, is what will determine whether or not you try to make a move on a gap stock, or one that seems primed to shoot up.
Scanning for Warrior Trading on Facebook is an excellent get ahead of the trading game. And finding the best free trading tools is essential to any trader that wants to make real money.