About Stock Market Software
Technology can play an important part in investments today. There are many different types of stock market software out there that helps to reduce investment risks.
The first type of software is one that tracks your purchases, calculates the return and does all the functions necessary for tax reporting purposes. This type of software is primarily for your benefit as a scorecard. The importance of keeping good solid records of date of purchase, price per share and number of shares and date of sale, price per share and number of shares becomes very apparent at tax time for the year of the first sale. Without these records, not only does it make it difficult to do a tax return, you never know how well you're doing. Use of a simple chart in Excel is often adequate , but there are special programs for this if you prefer not to design your own. IndigoWind created StockTick offers a free portfolio manager and stock tracker.
Another type of stock market software keeps track of a stocks growth potential. It helps you decide whether or not sell or hold onto the stock. The fundamentals of a stock are tracked and processed to calculate stock movement. One type of program uses the CAPM, capital asset pricing model, to predict capital return. It can also use sales per/share and profit per/share.
For a short term investor who is looking for quick returns they may use a program that evaluates graphs and dates. They analyze price floors and ceilings to make their prediction. These type of investments carry a lot more risk. There is more variance in stock prices and are often difficult for novice investors.
Various programs on the market select stocks, however most of these are also designed for brokers and choose stocks that are large or mid-cap. One program that seems different from the run of the mill software uses not just a program to track the stock, but actually sort through thousands of stocks, all of them penny stocks, and that makes it unique. Many companies use this type of automated software, and the price is not cheap. The site offers the software, but for those with a limited pocketbook, it also offers a newsletter to a limited number of people that gives stock picks from the automated software.
Novice investors need to start with a simple, easy to understand format when they use stock market software for picking stocks. Everyone needs to use some form of tracking profits, whether it is a software program or a paper and pencil. - 23212
The first type of software is one that tracks your purchases, calculates the return and does all the functions necessary for tax reporting purposes. This type of software is primarily for your benefit as a scorecard. The importance of keeping good solid records of date of purchase, price per share and number of shares and date of sale, price per share and number of shares becomes very apparent at tax time for the year of the first sale. Without these records, not only does it make it difficult to do a tax return, you never know how well you're doing. Use of a simple chart in Excel is often adequate , but there are special programs for this if you prefer not to design your own. IndigoWind created StockTick offers a free portfolio manager and stock tracker.
Another type of stock market software keeps track of a stocks growth potential. It helps you decide whether or not sell or hold onto the stock. The fundamentals of a stock are tracked and processed to calculate stock movement. One type of program uses the CAPM, capital asset pricing model, to predict capital return. It can also use sales per/share and profit per/share.
For a short term investor who is looking for quick returns they may use a program that evaluates graphs and dates. They analyze price floors and ceilings to make their prediction. These type of investments carry a lot more risk. There is more variance in stock prices and are often difficult for novice investors.
Various programs on the market select stocks, however most of these are also designed for brokers and choose stocks that are large or mid-cap. One program that seems different from the run of the mill software uses not just a program to track the stock, but actually sort through thousands of stocks, all of them penny stocks, and that makes it unique. Many companies use this type of automated software, and the price is not cheap. The site offers the software, but for those with a limited pocketbook, it also offers a newsletter to a limited number of people that gives stock picks from the automated software.
Novice investors need to start with a simple, easy to understand format when they use stock market software for picking stocks. Everyone needs to use some form of tracking profits, whether it is a software program or a paper and pencil. - 23212
posted by X - Men @ 4:54 AM
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