RichKid
PlanYourTrade > TradeYourPlan
- Joined
- 18 June 2004
- Posts
- 3,031
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- 5
Re: IncredibleCharts - Trial
While I agree that IC is relatively cheap for the hourly data I can't really see a reason why anyone should pay anything for basic charting (unlike Sarah who has a system and needs the data and tools for it) when they are starting out. So stick to the free data option unless you really want it- just my opinion newbies.
IC paid data is not really necessary imho unless you plan to trade intra-day or several times a week. The asx has 20min delayed data which you can check before placing an order if need be.
I am currently interested in IC for the fib tools for occasional charting.
Commsec also has a free basic charting package which comes with protrader (see the protrader thread) and it also has an online stock screening feature and more or less upto the minute market depth (most other data is eod, not live unless you upgrade to the top level version).
www.Bigcharts.com also has Aussie stocks but I don't think they adjust the data- so check the ASX site to be sure before relying on it. All see the Egoli software mentioned elsewhere on ASF.
People can get carried away with charting software without even knowing that those costs are eating away at their capital. See the many threads on money management and expectancy on ASF before spending big on software.
While I agree that IC is relatively cheap for the hourly data I can't really see a reason why anyone should pay anything for basic charting (unlike Sarah who has a system and needs the data and tools for it) when they are starting out. So stick to the free data option unless you really want it- just my opinion newbies.
IC paid data is not really necessary imho unless you plan to trade intra-day or several times a week. The asx has 20min delayed data which you can check before placing an order if need be.
I am currently interested in IC for the fib tools for occasional charting.
Commsec also has a free basic charting package which comes with protrader (see the protrader thread) and it also has an online stock screening feature and more or less upto the minute market depth (most other data is eod, not live unless you upgrade to the top level version).
www.Bigcharts.com also has Aussie stocks but I don't think they adjust the data- so check the ASX site to be sure before relying on it. All see the Egoli software mentioned elsewhere on ASF.
People can get carried away with charting software without even knowing that those costs are eating away at their capital. See the many threads on money management and expectancy on ASF before spending big on software.