Stock Market Software
When you invest in the stock market today, technology makes the investing a lot easier than it was for the earlier investors. There are various types of stock market software available, with each performing a different task.
The first type of software is one that tracks your purchases, calculates the return and does all the functions necessary for tax reporting purposes. This type of software is primarily for your benefit as a scorecard. The importance of keeping good solid records of date of purchase, price per share and number of shares and date of sale, price per share and number of shares becomes very apparent at tax time for the year of the first sale. Without these records, not only does it make it difficult to do a tax return, you never know how well you're doing. Use of a simple chart in Excel is often adequate , but there are special programs for this if you prefer not to design your own. IndigoWind created StockTick offers a free portfolio manager and stock tracker.
The second type of stock software is for long term investors that need to know whether to hold or sell a stock. These types of programs track the fundamentals of a stock to determine a stocks earning potential. CAPM, capital asset pricing model, is used by one such program to predict capital return on investment. This type of program tracks sales per share, and profit per share.
The third type of software is designed for the short term investor. These offer services to help pick the right stock to show a quick increase and get out or give you information on the stocks that you select. The vast majority the day trader or short term investor stock market software depends on the user to pick the stock, then analyzes the movement of the stock. It frequently gives the curves and movement spikes and dips but expects the user to understand the meaning of these. Most of the programs are difficult for the novice investor.
Various programs on the market select stocks, however most of these are also designed for brokers and choose stocks that are large or mid-cap. One program that seems different from the run of the mill software uses not just a program to track the stock, but actually sort through thousands of stocks, all of them penny stocks, and that makes it unique. Many companies use this type of automated software, and the price is not cheap. The site offers the software, but for those with a limited pocketbook, it also offers a newsletter to a limited number of people that gives stock picks from the automated software.
Novice investors need to be wary before purchasing a stock market program. Make sure you do your research and see if it performs like they advertise. Stock market software is great for any type of investor because it allows the user to sort through much more data in a shorter time. Choose wisely and a stock market program can be very helpful for you as an investor. - 23217
The first type of software is one that tracks your purchases, calculates the return and does all the functions necessary for tax reporting purposes. This type of software is primarily for your benefit as a scorecard. The importance of keeping good solid records of date of purchase, price per share and number of shares and date of sale, price per share and number of shares becomes very apparent at tax time for the year of the first sale. Without these records, not only does it make it difficult to do a tax return, you never know how well you're doing. Use of a simple chart in Excel is often adequate , but there are special programs for this if you prefer not to design your own. IndigoWind created StockTick offers a free portfolio manager and stock tracker.
The second type of stock software is for long term investors that need to know whether to hold or sell a stock. These types of programs track the fundamentals of a stock to determine a stocks earning potential. CAPM, capital asset pricing model, is used by one such program to predict capital return on investment. This type of program tracks sales per share, and profit per share.
The third type of software is designed for the short term investor. These offer services to help pick the right stock to show a quick increase and get out or give you information on the stocks that you select. The vast majority the day trader or short term investor stock market software depends on the user to pick the stock, then analyzes the movement of the stock. It frequently gives the curves and movement spikes and dips but expects the user to understand the meaning of these. Most of the programs are difficult for the novice investor.
Various programs on the market select stocks, however most of these are also designed for brokers and choose stocks that are large or mid-cap. One program that seems different from the run of the mill software uses not just a program to track the stock, but actually sort through thousands of stocks, all of them penny stocks, and that makes it unique. Many companies use this type of automated software, and the price is not cheap. The site offers the software, but for those with a limited pocketbook, it also offers a newsletter to a limited number of people that gives stock picks from the automated software.
Novice investors need to be wary before purchasing a stock market program. Make sure you do your research and see if it performs like they advertise. Stock market software is great for any type of investor because it allows the user to sort through much more data in a shorter time. Choose wisely and a stock market program can be very helpful for you as an investor. - 23217
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