Magazine article Modern Trader

Software Jungle, Part II

Magazine article Modern Trader

Software Jungle, Part II

Article excerpt

We conclude our two-part series on technical analysis software by looking at six more programs, offering suggestions for learning more about analysis software and discussing the role of the Internet in the industry's future

Big fish. Small pond. That about sums up the current technical analysis software market. In the aftermath of the early DOS days of computerized analysis, those vendors who built on their initial success by developing increasingly user-friendly Windows interfaces and data management features squeezed out most smaller players and came to dominate the market.

Today, most new vendors attempting to break into the market appear to be focusing on Internetbased products or niche programs marketed towards a specific analytical clique -- candlestick fans or Elliott wave followers, for example. While the number of players has gradually decreased, getting information about technical analysis programs still can be a time-consuming and confusing task.

Start your engines Where do you find out about the variety of available programs, or more about a program in which you're interested? By far, the Internet is the best resource for any trader.

To start gathering information, perform a search on "technical analysis software," "trading software" or "investment software" on your favorite Internet search engine, or hone in on a particular vendor by using the Futures annual Sourcebook or links through Futures Web site. "Software round-up" (page 63) provides the necessary information on the products in this review. …

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