There are many different investment styles, but successful investors share a few common characteristics - they are disciplined, organised and can remove their emotions from the investing process.  Having the right tools at your disposal will help you acquire these characteristics, and one of the most important tools is the right investment software package. 

What does Share Trading Software do?

Investment software can help improve your investing by: 

Organising your trading - Portfolio management software will let you monitor your portfolio and prepare reports for your accountant.

Presenting complex information visually - Humans process information better through images than streams of facts and figures.  Charting software displays share price data in charts to help you easily see trends, areas of support and resistance, and allows you to gauge whether a stock is overbought or oversold. 

Testing and implementing a trading plan - Disciplined trading requires you to set rules about when to enter and exit the market, and how much money to commit to each trade.  Investment software will help you build and test your trading plan to manage this process, and take the emotion out of trading. 

Saving you time - Scanning tools let you scan over 1500 stocks on the ASX for investment opportunities based on your fundamental (financial) or technical criteria.

Beware the Blackbox

At HomeTrader we only sell ‘toolbox' software.  As the name suggests this allows you to construct your own trading plan using your own criteria.  Some other companies promote expensive trading systems or software based on proprietary systems which claim to deliver massive returns in only a few minutes per week.  These are called ‘blackbox' systems and in the opinion of many investment heavyweights, usually do not justify their price tags.

Markets continually change, and no system will consistently work across all markets or for all personalities.  Our advice is, rather than looking for the magic solution, spend your time and much less money to educate yourself and develop a trading plan suited to your own personality and investment requirements.

Which Software is Right for You?

Of course which package you choose is going to depend on what you need it to do.  Different HomeTrader Members use different trading software programs depending on their trading or investing style and their approach to the market.