If you are a day trader, you have probably tried many types of software that claim to predict the different moves in the market, and there are other services that claim to do the same. However, Trade Ideas software is based on artificial intelligence. Many traders who have used the product have raved about the ‘wow’ factor of the software, and that makes it a very effective tool for those who are looking for legitimate software and services that will help them more efficient day traders. Read this Trade Ideas review to learn what it is all about.
What Is Trade Ideas Software?
The first thing that you should know is that this software is not cheap. The basic subscription will cost you around $100 a month, or $888 if you pay annually. However, if you want to include the Artificial Intelligence and Oddsmaker Feature, you can expect your monthly subscription fee to increase to $188 a month.
It is important to keep in mind that these fees are small compared to the online classes, DVDs and other courses that promise to help day traders make the big bucks. These courses can easily cost over $1000. So simply put, you will get more bang for your buck when you purchase Trade Ideas software.
One thing that some traders have mentioned is that the software is somewhat confusing the first time you login. However, a tool is only as good as the person who is using it. After your training is over, the process will become more streamlined for you.
So, with that said, what are the benefits of using Trade Ideas software?
Are you an early trader that want to catch moves before the markets open? If so, there is a ‘Premarket’ channel in the software that will allow you to see all of the premarket movers and the gappers.
Are you an options call/put ratio trader and monitor? The ‘Options’ channel will have all of the information you will need. All of the channels are similar in appearance, but each one is specific to the opportunities that can be found in the channel.
Social Media Channels
In addition to the market channels, you will love the social media channels. These channels uses the proprietary of Trade Ideas with social media integration. The channels do not only look at the exchange data, but they also look at the unstructured social data.
This channel will also track the stocks that are being discussed on social media in the different time frames. Social media is increasingly the place to find the latest news on breaking events first. With this social media channel, market data will be combined and analyzed.
The social media channel also has additional features such as:
- Stocks that are discussed the most
- Unusual mentions in social media
- Stocks that are trending up
- Stocks that are trending down
Artificial Intelligence, or AI, is predicted to revolutionize the way that we give and receive information online. The A.I. Is a powered robotic advisement that consists of a range of investment algorithms that is subjected to thousands of different trading scenarios during the night in order to arrive at a probable subset for alpha in the future market session.
The result is a streamlined and curtailed stream of opportunities that have been rigorously tested for both long-term and short-term opportunities.
With the ever-changing market, it is best to come prepared. This software has Event-Based backtesting. This feature will help traders see how to score scans, trading plans, and entry signals. The software will also optimize what parameters may change to improve further trading strategies.
Trade Ideas software has a range of benefits that will help day traders of all experience levels understand the market in order to make the right moves. This A.I. software will allow you to see trade opportunities in real-time.