Day Trading Charts
Good, clear day trading charts are essential to your trading. I don't care if you are trading short term or long term, whether you are a fundamentals sort of investor or a technical day trader.
Charts are what you look at when you decide to enter and exit the trade. So, having access to a good chart is one of the most important day trading services you'll need. My advice is to get the best charting service you can afford. And this will seldom be the charts provided by your broker.
Many charting services will allow you to sign up for a 30-day trial to test their charts. After all, you won't know if you're comfortable with them until you try them out for a while. Some day trading charts are easier to navigate than others. Some are more intuitive. Some will simply seem like a better fit for you.
I use two charting services myself. I use
because they allow me to publish their charts in their "Public Charts" section. This allows me to share charts with a wider community. You can view some of my Public Charts by
clicking this link.
For more robust charts, however, I use Worden's charts. With their TeleChart software, I can use their proprietary indicators, share real-time charts with students, chart the major indices, develop personal formulas for trading, etc. There's much more to this service than I'll probably ever utilize. But that's how I want my charts. I want my charting service to be bigger than me. And Worden's charts definitely qualify.
Click this link to view Worden's chart service.
The latest product from Worden is call StockFinder. I've just started using it, but I'm very impressed. As you can probably tell, I believe in having a trading strategy. This strategy is based on a set of rules. Well, with StockFinder, I can create trading rules and the charts and candles light up as my trading rules are met. It's amazing. If you utilize multiple criteria, as I do, then you can create combination rules. And it's actually easy to do. Backtesting your trading rules is also allowed.
Here's the link if you want to check it out:
If you'd like to go ahead and visit Worden's latest promotion, then click the image below.
A third chart service that offers real-time charts is IQCharts. I have used them also and their use of the SAR indicator is not widely available on other chart services.
Click this link to view IQChart's current day trading charts service.