The business of day trading is extremely risky. You either gain or lose thousands of dollars within a matter minutes. That's why it is very important that you invest in a powerful day trading software. Day trading software will give you the platform you need to do instant market research and make fast trades that can make you a nice profit.

As I am sure you know, there are many day trading softwares on the market. Some are good and some are well, not so good. Below you will find the top 6 things you should look for when researching a day trading software. Remember that day trading in and of itself is very complex. Therefore the software that you will be using will be complex as well. Just make sure it is the software that works best for you.

1 - Training

If you are new to day trading, it is important that use a software that offers some sort of training. The more the merrier. Look for a software that offers forums and blogs that you can access on a regular basis.

2 - Charting Tools

The best softwares will provide powerful tools that will allow you to create charts. It will also allow you to create alerts, watch lists and much more.

3 - Market Data Support

When choosing a day trading software make certain that is linked to either a free or subscription based data service provider. You need this data so you can have up to date market information. Most softwares will give you limited free access to historical data. You can then sync that information with a fee based service for real time data.

4 - Stock Trading Service Support

You want to make sure that you can buy and sell stock via the software or a brokerage.

5 - Access To Mobile Tools

As a day trader your job is to make multiple trades throughout the day. Do this, it is very important that you have access to as much information as you can at all times. Some softwares provide SMS alerts or apps for your cell phone to help you stay on top of your trading.

6 - Support

Learning how to operate trading software can be very difficult. After all, these softwares are very complicated. That's why it is absolutely necessary that the software provider you choose offer the needed support. Ideally they would provide email support, phone support and chat support.

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