What are good providers of realtime stock quotes and charts
Realtime stock quotes and charts are actively used in stock trading and also in ETF trading. Daytraders use them as their main stock analysis tool and also main technical stock charts for monitoring of their opened trades. Swing traders use them often and realtime stock charts can be found on stock chart time frame setup of position traders, too.
But all these realtime stock charts need one important thing to work. They need good realtime stock quotes to be delivered to the computer. Any stock analysis software or stock broker software need realtime stock quotes to be able to produce technical stock charts. There are several options how live stock market quotes could be provided. There are live stock market quotes available directly from stock exchanges. Another option is to use online trading broker as live stock market quotes provider. And finally there are also independent providers of real time stock market quotes.
What are options for realtime stock quotes and charts?
So if you think about using
realtime stock charts
you need to select good and reliable source of realtime stock quotes. There is one important issue with realtime stock quotes. They are not available free of charge.Why ? These data are provided by major stock exchanges and all of these exchanges charge some fee for providing realtime stock quotes. But it is possible to find some deals which allow you to lower your cost of these data. There are generally two basic options how to obtain realtime stock quotes for your realtime stock charts.
Stock broker as realtime stock quotes providerFirst is your stock broker.
Best stock brokers
provide realtime stock quotes as part of their service. As I mentioned above they charge some fee for providing realtime data for stocks and ETFs. But there is possibility that they will lower your data fee or waive it completely if you generate some commissions by trading with these brokers. Check if you broker offers such waiver possibility. If you use independent
stock analysis software
like I do then it is important to check if data provided by such broker can be used in your software. Is it important as charts available in stock broker software are often only basic stock charts and it is much better to use independent stock analysis software, like
Amibroker.
Independent realtime stock quotes providersSecond option is specialised data provider company. These companies are specialist in providing realtime data for traders and investors. So they will not provide their service for free. But there are some advantages to use their services.
They provide data from different stock exchanges around the world. Really good realtime data providers provides not only US stock exchanges but also US futures exchanges, Forex and also
international stock exchanges.
It is very important as we can now trade on different exchanges around the world. Another important option is possibility to use their data in independent stock analysis software. Although these realtime stock quotes providers often provide also their own stock analysis software their list of features is not so good as
Amibroker's.
It is also good to use independent stock analysis software for possible change in the future. What if service of such data provider will go down in quality? Then we have to consider change and if we use independent stock analysis software we need change only data source. We need not to learn new charting software.
List of recommended stock quotes and charts providers
I have tested several stock quotes and data providers in my trading career. I tested cheap providers and I tested expensive providers, too. Finally I selected some stock data providers and some stock brokers which I use now and I can recommend them to you too.Some of them also offer special deal for new clients if these clients are recommended by me. If you are interested in such deal please fill this form with your data and they will contact you with their special offer.
Return from Stock quotes and charts back to stock trading software review
Return from Stock quotes and charts back to simple-stock-trading.com
|