Best Crypto Platform For Day Trading – Home Best Stock Apps & Software for Trading & Investing Stock Market Apps & Software Comparison Reviews 9 Best Day Trading Platforms for Beginners 2023
This research reveals that the best day trading platforms for beginners are Trade Ideas, MetaStock, TradingView and Benzinga Pro. Every day offers unique benefits for traders such as free trading, automated AI trading, real-time news and powerful backtracking.
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As a certified market analyst with over two decades of using and testing stock market software, I believe I can help you choose the best day trading software that fits your trading style.
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The day trading software platform offers a unique combination of pricing, services and software to meet the needs of the day trader. Business costs are also a critical factor; Choosing a very low-cost or no-commission broker can save you thousands of dollars a year.
Our extensive tests show that Trade Ideas is the best day trading platform for beginners because it uses powerful AI to help you trade and find good trades with high probability.
Trading Ideas AI provides clear, precise, audited, high probability trading signals and automated trading, giving you the best chance to be profitable.
The top day trading platforms are MetaStock with automated AI trading signals and trading ideas with free trades, great charts and forecasts, or TradingView with global, Forex and Crypto trading. If you want to trade real-time news throughout the day, Benzinga Pro wins.
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If you want to learn trading with a great community, TradingView is perfect. Choosing the best day trading platform depends on how you want to trade.
We independently research and recommend the best products. We work with partners to negotiate discounts for you and may earn a small fee through our links.
Trade Ideas is our winner for the best day trading platform because it has 3 AI algorithms that provide high probability day trading signals and a guaranteed track record of automated trading.
Founded in 2003, Trading Ideas is a desktop and web software platform for finding day trading opportunities. Historically specializing in real-time analysis of trading opportunities, Trading Ideas now includes state-of-the-art AI algorithms that screen all US stocks for high-probability trading opportunities.
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When you first open Trading Ideas on your desktop, the software is extremely confusing and not very user-friendly. Each panel in the view above is its own window, and if you want to resize the view, you have to resize all eight windows. This may seem like a nuisance at first and a throwback to the Windows 98 era.
But, there is a good reason for this design. If, like me, you use multiple monitors and large screens, you have endless window configuration options and flexibility. Also, even though they are completely separate windows, they can be connected and disconnected to provide a seamless experience.
So it’s confusing and some of the most important features are hidden behind the right-click menu in some windows, and you get used to the layout after a few hours.
At the heart of the Trade Idea platform is the Trade Idea Scanner system, which is completely unique. By clicking New -> Alerts, you get access to the Alert Settings window, which gives you instant access to over 40 different business scans. The screenshot below shows all the built-in scans categorized as Bullish, Bearish or Neutral. Depending on the general direction of the market, you can easily choose a possible day trading strategy for the day.
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One scan that I find particularly fascinating and innovative is the “Extraordinary Social Reference Scan”. Trade Ideas’ AI engine constantly scans StockTwits for more mentions of specific stocks, so if you click Load Settings, you’ll immediately be presented with a growing list of stocks on social media.
Of course, you can customize any scan here or create your own alerts from scratch.
One thing I like about Trade Ideas is that there are over 30 curated channels. These channels highlight business opportunities based on topics such as EV, Small Caps, Social Media, Profit Games, China, Biotech, Penny Movers and more.
The main reason you want to sign up is the AI algorithm developed by Trading Ideas. I had a long zoom session with Sean McLaughlin, Senior Strategist at Trade Ideas to dig deeper into how AI works and I was very impressed. The company focuses on providing traders with the best trading opportunities backed by data. Four AI systems are currently in operation.
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Holly AI is the original embodiment of algorithms. Holly implements 70 different strategies for all sectors of the US and Canadian stock market, including the Pink Sheets and Over-the-Counter (OTC) markets. 70 strategies multiplied by 10,000+ actions means millions of backlogs every day. Only strategies with the highest proven win rate of over 60% and an estimated risk-reward ratio of 2:1 are suggested as possible futures day trades.
Holly 2.0 is a more aggressive version of Holly AI, featuring more aggressive day trading opportunities for you to choose from. Trading Ideas Each AI engine implements three main trading styles: conservative, moderate and aggressive. Holly 2.0 is aggressive.
Holly NEO is the latest AI that attempts to trade chart patterns in real-time. Use a combination of the following strategies.
Omni AI is a real-time AI opinion engine, but combines all of the above strategies into a short or long direct trade recommendation. It is a new development and does not yet have a proven track record, but looking at recent transactions, the performance looks good.
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One thing I really like about Trading Ideas is that it visually displays every buy and sell signal on a chart. I have highlighted a trade recommended by Holly AI (Holly Grail) in the box below. This Cleveland Biolabs (Ticker: CBLI) trade gained 25% in a 4-hour period. This is not how buy and sell signals are represented on the chart.
Commerce Standard costs $118 per month, or you can save $348 with an annual subscription of $1,068, a 25% discount. Standard includes a live trading room, broadcast trading ideas, ten chart windows, trading from charts and 500 price alerts.
Trade Ideas Premium costs significantly more than the standard service at $228 per month. You can save $468 with an annual subscription of $2,268.
As a business idea partner, I asked for a discount for all our readers. Use the discount code “Unlocked” to get 15% off your first purchase, valued at $340 when you choose the premium service. Discount Coupon 62% Off Trade Ideas – Verified 2023
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TradingView is the best global day trading platform because it covers all stock, forex and cryptocurrency markets globally and has the largest active trading community. Add to this excellent testing and real-time scanning and you have a great opportunity for day traders.
No doubt about it; I love TradingView and use it every day. I regularly post charts, insights and analysis and chat with other traders. Follow me on TradingView. Many TradingView communities are focused on day trading and the service is top notch.
Pricing for TradingView starts at $0 for the ad-supported Basic plan, Pro is $14.95, Pro+ is $29.95, and Premium is $59.95 per month. Opting for an annual subscription will reduce that cost by 16%, which is a significant savings.
Pro+ is the most popular plan as it allows multiple devices and extended features. Intermediate and experienced traders opt for the Pro and Pro+ plans. On the contrary, only the most demanding traders go for the premium service because it allows publishing scripts, indicators and strategies.
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With TradingView, you get full brokerage integration, you can trade on charts and it will take care of reporting and profit and loss analysis for you. The only thing it doesn’t cover is stock options trading or trading in the US.
TradingView hits the mark with real-time scanning and filtering and basic watchlists, the basic list you can scan and filter is really big. Any idea you have will be covered based on the basics.
News and social community. As soon as you connect to TradingView, you realize that it is also developed for the community. You can view community comments, post your own graphics and comments, and join an unlimited number of groups covering everything from bonuses to cryptocurrencies. News sources are fully integrated, including Kiplinger, DailyFX, Futures Magazine, FXStreet and StockTwits. Add it to the social network and you have a great solution. The news service is second only to Metastock with its Reuters feeds.
Technical analysis and charts. With over 160 different indicators and unique special charts like LineBreak, Kagi, Heikin Ashi, Point & Figure and Renko, you have everything you need to be an advanced trader. With Premium membership, you also get fully integrated Level II information.
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I have personally developed trading systems using TradingView, Top Performing Stock ETF System (Moses) and Stock Market Crash Detector. TradingView allows you to develop your own