Among the world of stocks and trade, EquityFeed has generated a lot of positive coverage. It is a research and trading platform based on subscriptions. The platform comes equipped with many useful tools for investing and trading. While EquityFeed is not a brokerage, you can connect it to an already existing compatible brokerage account, like TD Ameritrade and Interactive Brokers and a couple of additional ones. Paying for a standalone platform like EquityFeed might appear odd, however, there are advantages to this. Namely, if you get amazing tools that are able to note great trade opportunities, the money spent will even out and pay off.
And speaking of paying, EquityFeed can cost you between $135 and $255 on a monthly basis. This, of course, depends on what particular U.S. Exchange you happen to subscribe to in order to get quote data. For example, $220 a month will get you a Level 2 U.S. market bundle – NASDAQ, OTC, NYSE, and AMEX.
Features of EquityFeed
You can easily download and set EquityFeed up at any place with a stable internet connection. It is Java-based, so installation and running are not a problem. Every layout is automatically stored on Cloud, making it all the easier to access. The best way to utilize its many tools is if you have access to more than a single screen.
EquityFeed stock charts come equipped with pre-built indicators. They include stochastic, moving averages, pivot points, RSI and Fibonacci tools, and a price-interpreting toolset. These charts are very versatile and simple to use. When you pick the Chart Montage option, you get the toolset window containing charts, prices of both levels 1 and 2, time, sales, news, and analytics.
When dealing with indicator tools, you also have the ability to draw trend lines yourself. However, you really must save your layout first.
If you want to have a basic idea of what the liquidity is at every individual price level, you’ll find level 2 screens useful. Don’t forget, though – sizes on this level might not be indicative of the real supply or demand. This is due to cloaking transparency in order to achieve market impact minimization.
EquityFeed also links news to each appropriate symbol on the stock market, as well as SEC filings. These filings are useful for generating material impact on 10-Qs, 8-Ks, Form 4s, and 13Ds. You can filter the news on EquityFeed per your own leisure.
Stock Scanners and Trade Alerts
By far the most interesting bit of EquityFeed have to be stock scanners and trade alerts. Both are easy to use, accessible to new traders and you can master them in no time. The scanners are filter-based. You can use them either pre or post-market for gapper locating. Additionally, you can use them within the day for monitoring the highs and lows of stocks and the top high stocks’ different time settings.
Among the trade alerts, you have alarms and filters. You can set them according to moving averages, prices, trades, volumes, etc. The color-coded alert types will prove very useful to you. These give you an overview of money flow rising and dropping in real time. Set these filters at the absolute least for effectiveness.
Are your trading methods decent? If the answer is “yes”, the scanners will provide you with real-time traders. You will achieve this if you do not just rush in without a solid and sound trading plan. Use the convenient method of entering “IF THEN” filters with individual stocks per single window in your Personal Alerts section. The relative ease of scanning for stocks and minute prior setup makes EquityFeed look and feel more approachable than other similar tools, such as Trade Ideas.
With EquityFeed’s toolset and overall stability, you will be able to pull up numerous watch lists, based entirely on your filters of preference. All you need is a good number of computer screens for every tool or window that you’ll require to work. And speaking of requirements, don’t forget to save any layouts and filters you need. This makes it easier for you as you don’t have to re-enter your preferred settings when using EquityFeed. The windows are fully customizable and flexible to use.
The Pros and Cons of EquityFeed
As mentioned above, EquityFeed is very stable and accessible. As a trader, you can filter through markets and observe them with absolute ease. The platform, however, is definitely far more useful for veteran stock traders that know their way around the markets and their respectable sectors. It takes into account personal strategy and provides all the necessary tools for larger trading during the course of the day. Another major bonus of using EquityFeed is the free two-week trial run, and you don’t need a credit card for this.
Naturally, EquityFeed comes with some issues as well. The price range can be a bit overwhelming for new traders, especially traders without a solid trade plan. Another, more technical issue is the software taking up a lot of your PC’s CPU performance. A good way to battle this is to have a lot of RAM available.
In short, whether you are new to the stock trade business or are an experienced pro looking to expand your reach, you will thrive with EquityFeed. The stock scanning and trade alert tools will improve your trading game, and the layout will be easy to learn and use. It is an investment that pays for itself with any trader, so by all means – get EquityFeed now and start trading the right way!