Trade Ideas Review
Trade-Ideas is a popular platform that features advanced scanning tools and artificial intelligence. Trade-Ideas has been around since the early 2000s, but it only started to gain traction in the past few years. In this Trade Ideas review, we’ll look into it deeper to help you decide if this is right for you!
Table of Contents
- What is a Trade Ideas Stock Scanner?
- Trade Ideas Product Features
- Trade Ideas Pros and Cons
- Plans & Pricing – How Much Does It Cost?
- Trade Ideas Customer Service and Support
- Is Trade Ideas Worth It?
What is a Trade Ideas Stock Scanner?
Trade-Ideas is a powerful scanner for people who trade stocks. It has lots of built-in scans that show many opportunities for people to trade stocks. The scanner can be configured and customized with add-ons.
An AI robot-advisor engine named “Holy Grail” can analyze setups and give great advice. Holy Grail is amazing because it can run through millions of simulations every night to find the best way for you to trade. The platform can be overwhelming at first for new investors, but it becomes a helpful tool that fits like an exoskeleton once you get used to it.
The scanning platform was first created in 2002. It has changed and improved through the years but not as fast as it should have. It is one of the best stock market scanners available to the public. The co-founder of the company, Dan Mirkin, is really active on social media and even shares his trades with customers and traders.
How Trade Ideas Work?
Trade-Ideas is a sophisticated scanning platform that offers unique features. Most competitors can’t match these features, but they do come at a cost.
This tool does not just find stocks for you. It uses artificial intelligence to direct you towards the stock with the highest statistical likelihood of success.
Scanning through stocks can be challenging. It is tedious and takes time. Trade-Ideas will help you find the best stocks to buy with less research.
Trade Ideas Product Features
Charting is not Trade Ideas’ primary tool, but it can be a good one. You can use Charting to see if your alerts are right and also find the right time to enter or exit the market. You do not have to leave Trade Ideas to see these charts.
You can use this platform to do a lot more than just make charts. You can also add things like arrows or notes. It has different time periods to see what is going on over a long period of time.
The Trade Ideas alert windows are designed to let traders execute trades per specified strategy. The input feature is particularly important for those who don’t have the discipline necessary to execute such a plan. It can be used as needed depending on your individual parameters set up within each window.
With this feature, you can add columns to your specifications so that you can view various time frames at once. You also have the history alerts for a day by simply scrolling down the window.
Now you can get all the help and optimization magic with just a premium subscription. You’ll also have access to unlimited backtesting, which means never having to hit that pesky “trade now” button again! All of your computations are done securely on Trade Ideas’ servers, so there’s no risk of slowing down or crashing an app.
Backtesting means testing out your strategy over and over to see how well it does. You will find out if you have a good strategy or not. Running the software also lets you see what your equity curve looks like. You can change how it works by adjusting things that affect your trading. This includes share size, commission, and starting equity.
Additionally, Trade-Ideas allows you to open the OddsMaker from any alert window. You can set your entry and exit conditions as well. On top of that, you can see all your backtested trades with a calendar heat map.
Stock scanning software guarantees a helping hand for those day traders who demand more than what web-based programs can provide. The scanner is available in MS Windows version and boasts faster access to statistical analysis servers that are only found on Trade Ideas’ platform.
The free demo mode is a great way to try out our powerful features, but there are some limitations, as you might have guessed. You won’t be able to access custom formulas or symbol lists with the demo login, so if you’re looking for those, it’s best that you make your purchase sooner rather than later.
Live Traders Room
The live trading room can be accessed for free by anybody who would like to interact with other traders and the Trade Ideas team, including Dan Mirkin, the platform’s co-founder. All you have to do is create an account in order to enter. The room contains a global community of active investors and moderators that share different ideas about stocks.
If you’re a beginner trader, I would not recommend it since the platform only operates during weekday hours from 9 AM to 4 PM.
Artificial Intelligence Technology
Trade-Ideas has one of the best innovations in AI. This innovation works by splitting strategies into manageable concepts (at least 35), with each concept designed to help you beat the market once it closes and does all your research for you. You are saving valuable time that would have been spent researching!
Trade-Ideas is a powerful trading platform with advanced scanning features and artificial intelligence. However, the high price makes it challenging for new traders to get started.
In addition, you can watch the trade in real-time rather than just looking at the charts for ideas on what stocks to trade. Apparently, this software program will help you make better trades and avoid emotional trading.
Active and Auto Trading
Trade-Ideas wants to make trading easy for you. This means that they have created a software program that can enter, exit, and manage your trade all on its own so now the only thing left is clicking ‘buy’ or ‘sell.’ It’s basically like having an assistant who never stops working.
On the other hand, you can take part in the trading process using computer-assisted mode. In this mode, traders choose when to begin a trade and designate the entry point. You can also let Trade Ideas automatically enter a buy/sell command for you if that’s your preference.
This is the most common kind of trading, where traders make their own decisions when entering a trade. Trade-Ideas software provides you with all the information that you need to help in your decision-making process. They offer a wide variety of indicators and formulas to use as support for going long or short on stocks.
Once you subscribe to Trade Ideas, you can take free one-on-one training sessions. You need to reserve the date you are comfortable with. The training will help you learn about the platform to make it easy for you to use it.
The paid training courses cost around $99 per hour. If you find the free training not enough, you can do the paid training course. You need to book your appointment with the calendar app on this site.
Trade Ideas Pros and Cons
Out of the thousands of stocks in the market that you could trade, Trade Ideas will find those few which are actually worth trading each day.
- The live room offers so many different opportunities for traders, both new and experienced
- Trade-Ideas is packed with customization options.
- The auto-trading feature is a lot more flexible.
- Backed by great customer service
- Includes a very informative blog
- Excellent social media presence
- There are free tutorials and videos to help you get started.
- It gives you access to up-to-date data
- Managed by people with a diverse background that includes trading and financial technology
- As a beginner, you may find the platform confusing.
- It does not offer a streaming news feed
- Charts have minimal indicators
Plans & Pricing – How Much Does It Cost?
With TI, there are two pricing options in addition to the free limited option. The Free Trade-Ideas is launched through the web and allows access to their live moderated trading chatroom and curated workspaces with 15-20 minute delayed price quotes.
The standard plan includes some TI features originally offered for free (chatroom and channel bar) as well as ten charting tools, ten price alerts, visual trade assistance based on the selected chart with up to 10 simultaneous chats. The cost is $118 per month or $1,068 annually when paid in advance.
The Premium Plan includes all of those on the Standard Plan. In addition, it offers 20 simultaneous charts, A.I.-powered assistant Holly for trading guidance, entry and exit signals, risk assessment tools, and build/backtesting functionality. The premium package comes with Brokerage Plus and the Trade Ideas artificial intelligence tools. The plan costs $228 per month or $2,268 for an annual pre-pay option.The two paid plans come with real-time market data, as would be expected from any stock scanning tool designed for active traders.
Trade Ideas Customer Service and Support
Trade-Ideas can be contacted by the following methods:
- Support Ticket. Send your name, email, phone number, username, and the product you use to customer support.
- Telephone. Trade-Ideas can be reached on weekdays from 6:30 AM to 2:30 PM.
- Email. You can contact them by email at [email protected]
- Leave a message. Users can message them on the website by clicking the ‘Support’ tab on the bottom right-hand corner of the website.
Is Trade Ideas Worth It?
Trade-Ideas is an advanced scanning platform for day traders looking to ensure they don’t miss any trade setups.
Trade-Ideas is worth every penny you invest in it. You’ll save time and be able to take advantage of more opportunities than you would’ve otherwise missed!
If you are an algorithmic trader, Trade Ideas is the perfect trading software for you because of the following:
- You can design and test a trading strategy easily without any coding.
- You can trade your stocks automatically through your account with Interactive Brokers using Trade-Ideas.
You know that the right trading strategy is key to success. But it’s not always easy for busy people with limited time on their hands to scan through markets and make decisions without help, especially when they don’t have experience in this field.
Trade-Ideas makes investing a breeze by giving you access to expert traders who recommend stocks based on your personal profile, so all you need to do is follow along – making smarter investment choices becomes effortless!