Summary: AI trading platforms have made it easier for traders to quickly identify profitable trading opportunities and execute the same within the software. What software or tools can you use for the same? Get insights on this in the article below!
Nowadays, AI has also paved its way in stock trading. This has made it easier for traders to analyze the stock market and predict the profitable opportunities as compared to manual trading. Moreover, using AI stock trading software helps traders to improve their buying and selling procedures and bid on profitable stocks.
More and more traders are shifting to AI based trading software as they can neutrally process the stock data and gain actionable insights on stocks. Keep on reading to learn more about AI trading below.
Using AI bots and software for stock trading can help a lot with stock trading such as finding profitable stocks, backtesting trading strategies, performing simulated trading, etc. You can also use them for several purposes such as:
You can find diverse types of AI software, bots, and apps for stock trading. They have made it easier to analyze the stock market and identify the most profitable trading assets quickly. Here are some of the best software, apps, and bots you can use for profitable trading.
MetaStock is an AI-based charting tool that helps traders in analyzing various stock markets. The tool utilizes technical analysis to find the best securities to invest in via a methodical and systematic approach. With it, you can create and view charts for stocks, indices, bonds, currencies, etc.
MetaStock Features
OS MetaStock: Windows
Pros and Cons of MetaStock
Free Trial of MetaStock: Available for 30 days
MetaStock Pricing: No free plan available | Paid plan starts from INR 41,254.48
Trade Ideas is an AI trading platform that enables users to study the stock market and provide recommendations for profitable trading opportunities. With it, you can scan stocks in real-time, perform trading analysis, analyze market risks, customize trading strategies, etc.
Features of Trade Ideas
Trade Ideas OS: Windows, Mac, and Linux
Pros and Cons of Trade Ideas
Free Trial of Trade Ideas: No free trial available
Pricing of Trade Ideas: No free plan available | Paid plan starts from INR 9,750.27/month
TrendSpider is technical analysis software that helps traders to make better trading decisions. It offers tools for generating strategies, analyzing trading opportunities, scanning markets, visualizing trading charts, etc.
With this AI trading software, you can also run backtests on different class assets via historical data.
Features of TrendSpider
TrendSpider OS: Web based and supported all major operating systems
Pros and Cons of TrendSpider
TrendSpider Free Trial: Available for 7 days
Pricing of TrendSpider: No free plan available| Paid plan starts from INR 2,420.31/month
StockHero AI stock trading platform is used to create automated trading bots for different stocks as per your convenience.
The bots are created without any code to perform tasks like back testing strategies, trading stocks, getting recommendations, setting up trading conditions, and so on. You can use it through web browsers and mobile apps.
StockHero Features
StockHero OS: Web based and supported all major operating systems including android and iOS
Pros and Cons of StockHero
Free Trial of StockHero: Available for 14 days
Pricing of StockHero: No free plan available | Paid plan starts from INR 412.92/month
Blackboxstocks is the perfect trading platform that provides features for trade execution, analysis, community chat, etc., in a single solution.
This solution can help with scanning stocks to find opportunities, discovering trends in the market, collaborating with traders in the community, checking Opening Range Breakout for stocks, etc.
BlackBoxStocks Features
OS of BlackBoxStocks: Web based and supported all major operating systems including android and iOS.
Pros and Cons of BlackBoxStocks
Free Trial of BlackBoxStocks: Not available
BlackBoxStocks Pricing: No free plan available | Paid plan starts from INR 8,271.50/month
EquBot with IBM Watson is an investment platform powered by AI to help institutional investors to make good investment decisions through Portfolios as a Service (PaaS).
The platform access data in a short time to create custom and explainable investment portfolios in bulk. EquBot helps in designing portfolios that can help you reflect the investment ideas for different investment assets.
Features of EquBot
EquBot OS: SaaS based
Pros and Cons of EquBot
EquBot Free Trial: Not available
Pricing of EquBot: Price is available on its official website
SignalStack is an AI stock trading that helps traders in converting trading alerts from different platforms into live orders within the brokerage account automatically.
To use it, you need to create the account and connect the brokerage account in it. Once done, all the trading alerts will be automatically converted into orders.
Features of Signal Stack
Signal Stack OS: Web based and supported all major operating systems
Pros and Cons of Signal Stack
Signal Stack Free Trial: Not available
Pricing of Signal Stack: Offers 25 signals for free | After that, it charges INR 48.82
Scanz is a real-time stock screening software designed especially for data traders to identify endless daily trading opportunities.
This artificial intelligence trading software helps in identifying profitable stocks, developing customized notifications and alerts, viewing complete trading charts, etc.
Scanz Features
Scanz OS: Web based and supported all major operating systems
Pros and Cons of Scanz
Free Trial of Scanz: Available for 7 days
Pricing of Scanz: Offers a single plan starting from INR 13,984.23/month
Tickeron is an AI trading platform that provides users with the best trading tools for trading and lets them create their portfolio. With AI, it generates different trading ideas based on pattern recognition and identifies the best asset allocation models.
It also offers several algorithms to easily create investment portfolios. Further, it’s second-generation AI robots lets you adjust your trade balance to complement the brokerage account.
Tickeron Features
OS of Tickeron: Web based and supported all major operating systems including android and iOS
Pros and Cons of Tickeron
Tickeron Free Trial: Available for 14 days
Pricing of Tickeron: Free plan available for swing trading | Paid plan starts from INR 7,431.21/month
VectorVest is a stock analysis and portfolio management software enabling traders to analyze, rank and also graph almost 1800+ stocks every day.
Further, it also provides a buy, sell, and hold rating for different stocks. VectorVest also provides guidance on the trading market to learn the perfect time to sell and buy stocks.
Features of VectorVest
VectorVest OS: Web based and supported all major operating systems including android and iOS
Pros and Cons of VectorVest
Free Trial of VectorVest: Available for 30 days
VectorVest Pricing: No free plan available | Paid plan starts from INR 5,701.40/month
Algoriz is a AI-based trading solution to easily develop, backtest and automate different trading strategies for multiple equities, cryptocurrencies, etc. With it, you can connect with different broker accounts to trade different stocks.
Algoriz Features
OS of Algoriz: Web based and supported all major operating systems
Pros and Cons of Algoriz
Algoriz Free Trial: Available
Pricing of Algoriz: Free plan available | Paid plan starts from INR 2,397.85/month
There are plenty of benefits of AI stock trading like quickly analyzing market data, finding trading patterns, creating trading charts, etc. Some other benefits of AI stock trading include-
AI stock trading has become a popular way to analyze financial markets and identify opportunities. However, it also comes with some risks such as-
Conclusion: Select Best AI Stock Trading Software
AI trading tools have become an asset for traders to make better decisions for selling and buying different financial instruments like bonds and stocks. From analyzing market data, identifying trading opportunities to executing stocks, everything can be completed in a short span.
FAQs
Yes, AI can be used for trading different types of stocks via sentiment analysis and complex algorithmic predictions for analyzing different data points and providing trading opportunities.
AI stock trading uses artificial intelligence technology and financial markets historical data sets for analyzing stock data, predict trades, provide trading opportunities, etc. This helps in reducing trading risks and achieve increased ROI.
Most AI stock trading software utilizes machine learning and sentiment analysis to analyze various data points in trading and provide profitable trading opportunities.
There are several benefits of using AI stock trading such as accurate analysis of stock market, providing stock predictions, identifying trading patterns, and so on.
Yes, algorithmic and AI-based trading is legal in India.
Yes, AI is used for stock trading and investment because of its capability to process and analyze big data sets in real time to help traders to find the best trading opportunities.
To leverage AI technology for stock trading, you can use AI-based software. Within the software, you can configure the trading settings and enable AI stock trading. Once done, the AI will automatically trade stocks, study trading charts, etc., to help you find the best trading opportunities.
Yes, there are multiple types of AI software available that can perform technical analysis to help you find the best trading opportunities. Some of the best tools you can consider include Signal Stack, Scanz, TrendSpider, Tickeron, etc.
Yes, AI trading software actually works to find trading opportunities. The software will run AI-based algorithms to identify trading patterns, profitable opportunities, and also stocks rate in real-time.
The cost of any AI trading software depends on the types of trading functions it offers to customers. However, on average, the basic AI trading software price starts from INR 4,131.37/ month.
Yes, Ai bots can be used for trading, however, their performance in the future cannot be guaranteed. The AI algorithm might work for a while, but the stock market dynamic, businesses, investor sentiments keep on changing. Therefore, you need to adopt different AI strategies in specific trading situations.
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