When choosing an advanced stock software, choose one with various capabilities. Having the capability to automatically download stock history from major stock markets in the US, Europe, and Asia at the end of the business day is one. For swing traders, the software must be able to allow the user to define one’s own scenario and summarize analysis in an output report. Market timing calculations using both long-term and short-term swings scenarios should be possible to do at a single click and can be scheduled to run overnight. The user can also define the preferred parameters for market timing and thus creating one’s own market timing scenario.

The software should be able to do precise timing of exchange-traded funds as this can keep trading costs low while still having reliable trading signals. The trading software should also be able to support stock screening. This feature selects stocks according to criteria specified by the user. These criteria include variables like performance, volatility, market capitalization, stock price, and profit margins. Through these factors, stock screening helps the trader to do quantitative analysis to determine a stock’s risks and probability of returns. Software with stock screening feature is usually online based.