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How to Scan for the Best Stocks to Trade

Stock scans are easy to write and absolutely essential to swing trading. You need to be able to find stocks with the exact setup criteria that you are looking for. For both day trading and swing trading, you should use scanners!

So, on this page, I have compiled a list of some of the best charting and scanning services on the net. By going through this list, you can make an informed decision and pick the one that is right for you.

TradeMiner

Trade Miner

TradeMiner is a software program that you install on your computer (PC, Mac, or Linux). Click a button and it tells you what stocks have historically been winning trades during the current month. It also tells you exactly what day to buy and what day to sell to make a profit.

This software program is available for stocks, futures, and forex without monthly data fees. 

MarketClub

Market Club

This scanning and charting solution is very different from anything else on the net. You don't actually write scans. Instead, it scans the market for you based on their "Trade Triangle and Smart Scan" technology. It then identifies on a chart when to go long or short.

StockCharts

Stock Charts

StockCharts.com definitely has the best looking charts on the net. No doubt about it. They also have a fast and powerful scanning engine. You can use their pre-defined scans or create your own from scratch.

You won't get a lot of bells and whistles with StockCharts. If you want a simple charting and scanning solution, then you will be pleased with their service. 

StockFetcher

StockFetcher has released it's 2.0 version of its standard screening and charting interface. It sports a nice clean charting platform with scanning capabilities. No software to download.

The first thing I noticed right away is how fast it scans for your specified criteria. Nice! It also has some useful annotation features and chart themes. Learn more about StockFetcher here.

Worden TC2000

Worden TC2000

This is a popular technical analysis software program among traders. It has so many features that it would take forever to list. You can create your own scans, watch lists, get access to proprietary technical indicators, and view streaming real time charts.

The unique thing about TC2000 is that it "automatically maintains a highly-indexed, massive stock market data bank locally on your hard drive". This makes scanning for stocks faster than getting the data from a website. Check out TC2000.

Amibroker

AmiBroker

AmiBroker is a comprehensive technical analysis software program, allowing you to study and predict trends in the market and to maintain a portfolio of shares. It incorporates a powerful set of technical analysis tools, OLE Automation / ARexx interface with rich command set and several options for quotation data import.

The great thing about Amibroker is that you only have to pay a one time fee for the software. It also offers back testing, screening, and charting features. Amibroker.

Trade Ideas

Trade Ideas

Trade Ideas is a real time streaming stock alerts and scanner. With this service, you will get real time streaming alerts on a tick by tick basis to find intra day trading opportunities.

Although this service is mostly for day traders, there are some free scans that you can run off of the daily chart. These include: volatility, moving averages, consecutive up/down days, and consolidations. Trade Ideas

Which scanning tool is right for me?

It all depends on your personal preference and the type of trader that you are. My best advice? All of these scanning and charting services offer free trials. Sign up for one and try it out.

 

U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Trading financial instruments of any kind including options, futures and securities have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the options, futures and stock markets. Don't trade with money you can't afford to lose. This training website is neither a solicitation nor an offer to Buy/Sell options, futures or securities. No representation is being made that any information you receive will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. Please use common sense. This site and all contents are for educational and research purposes only. Please get the advice of a competent financial advisor before investing your money in any financial instrument.

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