Stock charting freeware is basically a free internet download which enables you to chart the particular stocks you have invested in or are considering investing in.
There are literally hundreds of these offered online today so you do need to choose those downloads wisely. Some freeware is considerably better than others, while other types only scratch the surface of stock charting activities. Despite the fact that all of these downloads are free of any fees or charges, most will urge you to purchase an upgrade.
Features and Benefits to look for
When you are searching for stock charting freeware online it is important to look for certain features and benefits before downloading the application. These include:
- ease of installation
- free real-time streaming
- a huge selection of trend indicators
- capability of drawing trendlines
- real-time stock news
- intuitive design and ease of navigation
- integrated personal portfolio and stock watch tracking
Additionally, you need to consider the fact that this is a valuable tool for serious stock investors. Thanks to the internet, stock charting is now easier than ever to obtain when investing in the stock market.
Stock charting areas to become familiar with
There are basically 4 key areas of stock charting freeware that you want to become familiar with before going any further:
- “X” and “Y” axis – the “X” axis located on the bottom portion of the stock chart and runs horizontally from left to right.
- Identification section – this section displays key information about the company stock and other aspects of the actual stock such as:
• company name
• trading symbol
• the current date
• price changes for the current day
• trading volume
• change in value.
- Time Frame – this refers to the length of time that you are tracking the stock’s trends such as 90 days, 6 months, or 1 year. Once you have established your trading style, it is recommended that you change the time frame to facilitate the way in which you purchase and sell your stocks. For short-term investing, use a 3 to 6 month time frame. Use 1-year to 5-year time frames when investing for the long term.
- Volume bars – oftentimes referred to as the “heart” of the stock market, this is your best supply and demand indicator. This will help you get a feel for the strength which is behind that stock’s price movements.