Best Free Technical Analysis Charting Software for Investing

The old saying goes “technical analysis is a great way to part traders from their money.” However to some it is still a helpful trend to see market trends and to hopefully buy and invest while it’s still on it’s way up and not when a stock is about to drop in price. Technical analysis has also been called a great tool to see historically where you should have bought and sold. As a predictor though it is often faulty at best and of course if it worked will then everyone would be rich by now.

With that said technical analysis increases your probability of seeing where the market is headed. It provides you some background into how an asset is doing and what might come next and is far better than going into an investment blind.

When you using technical analysis software “uptrends” are marked by seeing at least three successive rising troughs and peaks. While “downtrends” occur when you have at least three successive troughs and peaks.

The four best free technical analysis charting software for investing are below.

EclipseTrader: (http://www.eclipsetrader.org)

eclipse trader
EclipseTrader is an ​Eclipse Rich Client Platform (RCP) application focused on the building of an online stock trading system. featuring shares pricing watch, intraday and history charts with technical analysis indicators, level II/market depth view, news watching, and integrated trading.

Main features of EclipseTrader include:

  • Realtime Quotes
  • Trading Accounts Management
  • Integrated Trading/li>
  • Intraday Charts
  • History Charts
  • Technical Analisys Indicators
  • Price Patterns Detection
  • Financial News
  • Level II (Book) Market Data

 

Qtstalker: (http://qtstalker.sourceforge.net/)

Qtstalker

Qtstalker is a user friendly Technical Analysis package for GNU/Linux (and hence other Unix-like systems). Similar to commercial wares such as Metastock, Supercharts and Tradestation. Keeps to a lean, simple design for speed, portability, and low resource usage. Because it uses a plugin model, Qtstalker can easily be extended.

Main features of Qtstalker include:

  • A point-and-click object-oriented graphical user interface.
  • Chart types include line, bar and candlestick.
  • Customizable colors. Logarithmic and linear arithmetic scaling. Scale to screen.
  • Indicators plugins include MACD, MAs, Bollinger Bands, RSI, and dozens more. Provides access to the TA-Lib library of common functions.
  • A simple scripting facility to create custom indicators. This powerfully enables combination of different plots in one indicator and combining of other indicators and calculations.
  • A special indicator “ExScript” enables external scripts to pass indicator data in.
  • An “Indicator Summary” tool shows a table of all indicator parameters from all active indicators. It also writes the data to XML output for use by external programs.
  • Chart drawing objects: trendlines, buy/sell arrows, horizontal and vertical lines, Fibonacci retracement lines, text and cycles.
  • Quote plugins download data from online sources such as Yahoo, CME, NYBOT.
  • Data import plugins for plain-text CSV files.
  • The “Plugin” architecture for quotes and indicators enables easy future extensibility.
  • Minute, daily, weekly and monthly chart compression options.
  • Various data classes to support for investment types such as stocks, futures, indices, ratios and spreads.
  • A back testing function allowing indicator performance tests using actual trading data.
  • A very basic portfolio manager. Good for tracking open positions. (Suggestions welcome.)
  • A Scanner that can scan the qtstalker database for charts that meet a user defined criteria.
  • A paper trading mode enabling users to practice trading without risking capital.

Free Chart Geany: (http://freechartgeany.sourceforge.net/)

Chart Geany Logo

Free Chart Geany is the free and open source edition of Chart Geany, a commercial solution for market technical analysis and charting.

Main features of Free Chart Geany include:

  • Support for major technical analysis indicators like: Simple Moving Average, Exponential Moving Average, MACD, Relative Strength Index,  Bollinger Bands and Parabolic SAR.
  • Support for various Comma Separated Values  (CSV) formats like Metastock 7, Metastock 8, AMI Broker, Yahoo Finance, Google Finance and Standard CSV.
  • Support for various drawing and text objects like Labels, Trailing Text, Horizontal Lines, Vertical Lines, Trend Lines and Fibonacci Retracements.
  • Line, Bar, Candle and Trend Candle (Heikin-Ashi) charts.
  • Linear or semi-logarithmic price scaling.
  • Zoom In and Zoom out.
  • Time-frames: Day, Week, Month and Year.
  • One click screen shots for charts.
  • Spreadsheet-like data manager.
  • Single file local storage.  You can work offline if needed.
  • Self-contained software, independent from other software back-ends like Java Virtual Machine or .NET Framework.
  • Easy download of quotes from Yahoo Finance or Google Finance.
  • Free Chart Geany is a tab based application. You can manage the charts the same way you manage the pages of your web browser.

AIOTrade: (http://aiotrade.com/)

AIOTrade

AIOTrade (former Humai Trader) is a free, open source (under the terms of BSD license) stock technical analysis platform with a pluggable architecture that is ideal for extensions such as indicators and charts. It’s built on pure java.

Main features of AIOTrade include:

  • Pull stock price from Yahoo
  • Runs on your PC
  • Is built on Java

Let us know if you have any other suggestions for free technical analysis charting software for investing in the comments section below.

How Do You Make Money on Stocks

Hypothetically say you are new to stocks and you ask yourself “how do you make money on stocks?” You might also go how do you make money on them? Is it from cashing out of them? How much money can you make? There is a lot of different question you may have.

how do you make money on stocks

Let’s make an easy scenario the local pizza store (Pizza Town) needs money to expand, but Pizza Town doesn’t want to take a loan, so instead they have has an IPO (Initial public offering). They issue one hundred shares of stock. The entire business becomes valued at $1,000, so each share of stock is worth $10. If you buy one share of PT (The ticker symbol for Pizza Town).

A few months later, Pizza Town’s expansion is doing great, and Pizza Town is now valued at $2,000. The denominator (the total shares outstanding, 100) hasn’t changed, but the numerator has (the total value of the company has moved from $1,000 to $2,000). Your fraction (1% as represented by your one share) of Pizza Town is now worth $20. You can either hold on to it and wager that Pizza Town will continue to grow the business and increase profits, or you can sell it and take a 100% return.

As for how much money you can make, it’s limitless. Your stock can continue to raise in price/value for ever or it could drop and become worthless. Most everything about stocks is timing.

Examples of Passive Income

A lot of people wonder about what is passive income and how they too can start earning it. Passive income come’s in all shapes and sizes and if you have a normal portfolio today you most likely are already privy to some.

examples of passive income

Check out the most common examples of passive income below:

1. Stocks that pay dividends and, every quarter, send you a dividend payment.

2. A real estate investment through a partnership. The general partners manage the properties and you, as a limited partner, just collect the rent and any capital gains from property sales.

3. Savings account that accrues interest. Every year or monthly your account will be sent interest payments.

4. Patents or copyrighted material such as songs. Entities that license this intellectual property pay out fees or royalties on a quarterly basis.

There are plenty other types of passive income but the above four are some of the most common examples of passive income and one’s you might already be utilizing today. People’s most common income though is earned income, which is what you get from working a job.

The 46 Best Ways to Save Money

Check out the below list of the 46 best ways to save money.

Best tips on saving money

1. Open a saving account and actually save money in it. Start small just $20 a month but slowly up that to $100 a month to make a nice rainy day fund.

2. Don’t waste money on things you don’t need. Always wait a day before making a big purchase and sleep on it. If you come across an expensive item that you want, write up a report about why you want it, how it will impact your life, etc. Act like you are asking your boss to buy an expensive piece of equipment or something. Then file the report away to be reviewed in a weeks time. After the week is up, re-read the report with the mindset that someone else is asking to borrow money for that reason. If it passes this review, then begin to allocate funds from future paychecks toward it, which could take weeks. By the time all is said and done, if you do buy it, you definitely won’t regret it.

3. Don’t invest in penny stocks or cheap cryptocurrency. They are cheap for a reason and can lose value at any time for no reason.

4. Look at a compound interest tables. Think of it as giving your future self money at a huge discount.

5. Cook your own meals, don’t eat out.

6. Couponing. Clipping coupons works and the savings add up. Just $5 saved a week is $260 a year in extra money.

7. Recycle beer bottles and other cans. If you recycle 20 cans a week that is $1 a week in extra none or $52 a year extra.

8. This is a little risky but try buying limited edition products (games, consoles) and sell when they are sold out. Some fans are hell set on products and will pay a lot for them. Just watch out for the next beanie babies.

9. Print double-sided. Easy way to make your paper last twice as long.

10. Use recycled paper for scrap. When you are done with a sheet save it to write notes on — no need to do anything else.

11. Use old newspapers/ads for food waste (bones, inedible foods).

12. Use three toilet paper tiles and fold it in half to get thickness of six tiles. It feels just like Charmin.

13. When toothpaste/lotion tube is nearly done, cut it open to get everything out,

14. Go to random public events for free pens, post-it notes, and candy.

15. Always check payphones, vending machines (and surrounding area) for left over coins.

16. Use shopping bags as garbage bags.

17. Seal windows with tape or something to prevent heat loss in the winter time.

18. Freeze bread immediately and toast when you need it to prevent mold and early spoilage,

19. Charge your cell phone, tablet, handheld device at work/school,

20. Use credit card with cash-back option and don’t use debit for purchasing. Most cash back programs give you 1% at least back a year plus you are building your credit score.

21. Disassemble old hard drives and take out the magnets for whatever.

22. Exercise without getting gym memberships. Running is great here and you can do it for most of the year.

23. Cancel cable and watch your shows online for free.

24. Cut phone service and get VoIP, find independent service providers and not the mainstream providers.

25. Use your old toothbrushes to scrubbing stuff.

26. Water down juices to get a little more to drink (90% juice, 10% water). Same taste and you save yourself 10% a year.

27. Do your own taxes. Turbotax or similar online programs are only $30 a year and take minimal time to do.

28. Take office supplies from work/school.

29. Ask for bandages/gauze at the doctors.

30. Replace all incandescent light bulbs with CFLs.

31. Flush your toilet only once a day. As they say “If it’s yellow let it mellow, if it’s brown flush it down.”

32. Register all your products, games, electronics, etc. They usually send you promotions for sales, or extended warranty.

33. Sign up for demos and free trails, they might give you a gift on the side, and you can send back the product without the gift. For any of these use a fake email address so they don’t spam your main account.

34. Register for memberships that ask for your birthday, they usually give you free stuff on your birthday, like bagels, coffee, popcorn, etc. Some restaurants let you eat free if you eat with a group of people, just need to show ID. Again always use a fake email address.

35. If you have a kid and need something to do bring them to McDonald’s and ask for the treat of the week. It’s usually cookies or a ruler. If you can, get yourself napkins and salt/pepper/vinegar/ketchup/mayonnaise packages while there.

36. Use the free Wifi at Starbucks and other restaurants if you don’t have internet at home.

37. Buy the generic “no name brand” alternative where possible, including medicine.

38. Keep all receipts for tax purposes, or for surveys that can win you prizes or a discount the next time you visit. Both Dunkin Doughnuts and McDonalds have surveys on most of their receipts which give you free food as a return.

39. If you have “dead” batteries, you can probably use them to power a clock for at least a week. Throw “dead” batteries in the freezer for a few hours, they might work for another hour or so.

40. Save power by setting computer to Power Saving mode instead of Balanced/High Performance, set screen to power off after 5 minutes or whatever, set hard drive to sleep after 5 minutes or whatever, turn down monitor brightness as much as you can. This probably won’t help much but depending on your setup could save you a couple of dollars a month and prolong your monitors life.

41. Borrow books from libraries or view them on Google Books (or download them somewhere), read books at your local bookstore and leave without buying it, and of course don’t buy bookmarks, use something like a receipt or something.

42. Shop at early morning or late at night to save time waiting in line or avoid crowds.

43. Hand wash your clothes and air-dry them. This will save you money and lower your electricity bill.

44. Never borrow money to buy something. If you want something save up to buy it first.

45. Never buy junk food. It is bad for health, has no nutritional value, and is often over priced especially if brand name.

46. Save as much as you can. And you can always save more. Go ahead right now and up your 401k contribution by another percentage point. You won’t even notice the difference in your paycheck but you will see the growth in your retirement account.

Six Money Saving Tips from Warren Buffett

Check out the graphic below with six of the best money saving tips from Warren Buffett.

6 Money Saving Tips from Warren Buffet
Image via Knowlarity

On earnings: “Never depend on single income. Make investment to create a second source.”

On spending: “If you buy things you do not need, soon you will have to sell things you need.”

On savings: “Do not save what is left after spending, but spend what is left after saving.”

On taking risks
: “Never test the depth of a river with both feet.”

On investment: “Do not put all your eggs in one basket.”

On expectation: “Honesty is a very expensive gift. Do not expect it from cheap people.”

Daily Financial Advice Mallard 3-1-2014

Daily Financial Advice Mallard 3-01-2014

The moment you think it would be a good idea to withdraw money from the ATM at the bar It’s time to leave the bar.

Happy Saturday! As a reminder watch out when withdrawing money from ATM’s as they will charge you fee’s as high as $3 to withdraw money if it isn’t your own bank. If you are at a bar and have run low on money maybe it is best to slow down for the night or to head on home.

This chart will blow your mind!

Famous tech acquisitions  cost per user
Famous tech acquisitions by cost per user

This crazy cost chart was first found on BrightSide. As you can see by the chart the new acquisition of WhatsApp for the mind boggling price of $19 Billion dollars on a per user price actually looks like a great deal.

The WhatsApp acquisition at a per user price of $35.56 is very inline with Facebook’s other big acquisition of Instagram which when acquired had a per user cost of $28.57. The Instagram deal has turned out to be a major success for Facebook and it looks like so will this WhatsApp purchase. For a lesson in companies who are doing horrible acquisitions just look at Yahoo. Whose acquisitions of Broadcast.com and Geocities on a per user basis were horribly over priced and have done horribly.

Daily Financial Advice Mallard 2-25-2014

Daily Financial Advice Mallard 2-25-2014

When searching plane tickets online delete your cookies. Prices go up if you visit a site multiple times.

As we have discussed in other articles having a job as a cashier at a store is not glamorous and at times can be downright boring. One of the best ways we have found to pass the time and to possibly make more money is by being on the look out for old coins. Also check if it is ok with your manager first but often times they will just be happy to know their employee is actively looking at every coin while on the job and being good with money is definitely a skill they want to make sure your have as a cashier. Whenever you see a coin that is old or a bill that is old hold on to it might be worth more than “face value.”

Old quarters such as those made prior to 1965 are actually made of silver and as such have a value of the price of silver not the $.25 that the coin is really worth.

Daily Financial Advice Mallard 2-24-2014

Daily Financial Advice Mallard 2-24-2014

Bring extra quarters to work whenever you find a pre-1965 quarter, switch with your own. Each pre-1965 quarter has a melt value of $4.20.

As we have discussed in other articles having a job as a cashier at a store is not glamorous and at times can be downright boring. One of the best ways we have found to pass the time and to possibly make more money is by being on the look out for old coins. Also check if it is ok with your manager first but often times they will just be happy to know their employee is actively looking at every coin while on the job and being good with money is definitely a skill they want to make sure your have as a cashier. Whenever you see a coin that is old or a bill that is old hold on to it might be worth more than “face value.”

Old quarters such as those made prior to 1965 are actually made of silver and as such have a value of the price of silver not the $.25 that the coin is really worth.