Wednesday, November 19, 2008

Stockcharts.com

Stockcharts.com is a remarkable resource for technical traders; they have a number of pertinent articles, stock scans, and charts with delayed market information for free. Just click on Free Charts and you get access to SharpCharts, Performance Charts, Point & Figure Charts, and Market Carpets. If you trade a common candlestick pattern like bullish engulfing candles or shooting stars then you're in luck - there are also common stock scans free of charge.

Stockcharts.com also aids new (and even those needing a refresher) technical traders with their Chart School. There you'll find a list of articles on how to properly read charts, learn technical indicators, analyze the market, trading strategies, and more.

If you want even more from this service you can become a member for a number of price points starting at $14.95 per month to $34.90 per month. Even if you got the most "luxurious" package you certainly won't be breaking the bank.

If you run your scans at night and have a trading platform or a brokerage that offers real-time quotes then its not entirely necessary that you have real-time quotes through Stockcharts.com as well - mtherefore the package that I'd recommend is the Extra!Charting package - you're able to run scans that you've defined, store a number of charts, scans, and publish your stock picks to show off. (to see the scans I run click here)

However, if you don't have access to real-time quotes through your brokerage then I'd recommend the highest package - the ExtraRT! package - which includes the same as the Extra! but just with real-time quotes.

And if you're still not sure just remember that it has won Forbes "Best of the Web 2002" and "Best Technical Analysis Web Site" from 2002-2008. There's really not a better place to go for stock quotes and scans.