Best Software For the Indian Stock Market
As the years go on Indian inventors and traders started using trading software for trading purposes. This software is used to analyze the market and other products like stocks, futures, currencies, and options. This software offers multiple modules for not only managing order placement but also assessing profitable ways to invest in a business.
This trading software has the option to do both technical and fundamental analysis as well as perform automated trading. Overall, this software provides everything you want to do trading such as resources, information, and trading capabilities.
Before we proceed further, you should know that only having trading software is not enough to make money in the stock market. You’ll need significant knowledge and psychology. For that, you can read a few best day trading books that can boost your understanding of trading and help you implement new strategies, ultimately aiding you in making more profits.
What Is Trading Software & Why a Trader or Investor Should Consider It?
Although there are many options available such as chatrooms, proprietary tools, data charts, and indicators for doing technical analysis but traders and inverters prefer trading software because of its automated trading capabilities and systems.
This trading softwares provide extra help and details to the traders and investor which make trading and investing a bit easy.
These also include paper and programmatic trading, programmatic trading ensures automating of trade-related activities, paper trading, on the other hand, offers risk-free transaction mechanisms without involving any real money.
How Technical Analysis Software for Indian Stock Market Works:
Technical Analysis software has some key feature that enables investors and traders to make diligent investment decisions, those features are listed below:
- Scanning Tools
- Up-to-Date News
- Customizable Charts
- Monitor Data
List of the Best Stock Trading Software for Technical Analysis:
We have curated a list of the best stock trading software that will help you to do technical and fundamental analysis and buy-sell signals.
1. Masterswift 2.0
Masterswift will help you to make critical trading decisions with its built-in charting tools and technical indicators. The software is trusted by many professionals such as investors, traders, and bankers. The software offers different types of data access such as historical, fundamental, and market.
Advantages of Masterswift 2.0:
- Pattern Recognition
- Integration Support
- Trade Signals
- Advanced Charting
- Historical Data
RichLive Trade is a trading software that is known for its technical analysis and charting of stock markets. Richlive is designed especially for the Indian market and can be used by traders for analyzing stock, currency, and commodity markets.
The RichLive Trading software has inbuilt technical indicators for analyzing the stock market and your profit ratio. You can set your expectation to a high level because is one of the best charting software in India.
Advantages of RichLive trading:
- High Accuracy
- Advanced level Filters
- Works for all global markets
- Advanced software personal training
- Jackpot call facility
3. MetaTrader 4 Software
Metatrader 4 Software is known for its usage in forex trading, it is being used by traders for analysis of financial markets. The numerous features incorporated within the auto trading software help Indian trader to achieve their goal in their trading journey.
This automated trading in India is great for technical analysis, algorithmic and flexible trading.
Key features of MetaTrader4:
- Full-featured trading system
- Meta Trader Market
- Algorithmic Trading
- Analytical Tools
- Trading Signals
- Automatic Alerts
- Mobile Trading
Market research has become quite easy for traders using MotiveWave. MotiveWave has numerous tools such as Fibonacci, Gann, Gartley, Elliott Wave, and Ratio.
There are plenty of other features like strategy trading, scanners, replay mode, optimization, reporting, and replay mode.
Key features of MotiveWave:
- Strategy Trading
- Native Multiple Monitor Support
- Chart-Based Order Entry
5. ECG Trade
ECG is one of the best technical charting platforms, it helps to visualize historical data through charts. The software helps to visualize striking trends and patterns to lower your trading risk. You can track price trends and identify price patterns.
The software has lots of indicators, which even beginners can understand well and know when to buy and when to sell.
Key Features of ECG Trade:
- Provides Real-Time Data.
- The software helps to manage equity for both the cash and shares markets.
- It helps with stock future options.
- It also provides Provides currency and commodity backfill.
Investar software is for managing the portfolio and analyzing Indian stock markets. You can analyze also most of the major indexes such as NSE, BSE, NSE F&O, MCX, and NCDEX. The best part is you can trade with leading online brokers through Investar.
Key features of Investar:
- Auto-detect support and resistance
- Auto-create trendlines for trend analysis
- Fundamental and Technical analysis
- Technical indicators
This is one of the most efficient tools to execute trade processes. Scanning and back-testing instruments are built-in to assess the effectiveness of trading strategies. The software provides A Real-time data facility that provides access to data from different global markets to set strategies and implement best trade practices.
Key features of eSignal:
- Trade Alert
- Customizable Workspace
- Trade integration
- Free education material
- Market Screener Plus
8. Spider Stock Market Software
Spider software is a leading software in the market, the main user of Spider is undertaking technical analysis of the latest stock market trends. You can analyze charts and manage your portfolio in spider Software in a batter manner.
It has built-in indicators which show real-time data which help traders to execute the trade.
Key features of Spider Stock Market Software India:
- Live NSE Data
- Tracking Equity Market
- Advanced Charting
- Tracking Currency Market
- Post-Market analyze
9. Sharekhan Trade Tiger
Sherekhan Trade Tiger is an online platform that helps you to access information from multiple exchanges such as NSE and BSE. It offers some advanced features as twenty-four hours market news, international market watch, and access to trading calls.
This can be all one market researching tool because it not just provides NSE and BSE information but also MCX, mutual funds, NCDEX, and IPOs.
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Key features of Trade Tiger:
- Pattern Finder
- Advanced charting feature
- Live streaming quotes
- Technical Indicators
- News & Research
10. Trader Guide
Trader Guide is a stock trading analysis software and they provide accurate intraday signals. Provides reliable signals for buying/selling purposes in both Bearish and Bullish markets.
Features of Trader Guide:
- Drawing Tools
- Future & Option Reports
- Automatic Buy/Sell
Mustafa Al Mahmud is the Founder and CEO of Gizmo Concept and also a professional Blogger, SEO Professional as well as Entrepreneur. He loves to travel and enjoy his free moment with family members and friends.