The average (unlucky) trader or investor has always been in a corner where they picked a stock at a high price during a wrongly timed swing. And then had to sell at a lower price. The strategy or plan may have been right, but the timing of the order(s) was wrong. Well-timed and accurate order placement is necessary to book profitable trades.
Having trades executed on time with precision determines whether a trade will be profitable, just break even, or book losses. Whether you are a day trader or trade on market swings, or a passive investor, the need for an accurate stock screener is essential. Trading profitability can be increased if a stock screener is paired with accurate and detailed market insights and company fundamentals.
The top stock screeners in the market are currently competing to offer feature-rich options for their users. Latest technology updates ensure that users benefit from AI-based algorithms, updated robo advisors, and strategy optimization according to your specification. However, this is subject to the investor picking a top-tier stock scanner and screener.
The list below lists the best scanners and screeners without any specific order of preference.
1. Trade Ideas Pro
Trade Ideas gives users an easy-to-use scanner that helps identify premarket moves and stocks with low float levels, among other features. Its comprehensive options allow users to improve their trading performance.
Trade Ideas AI algorithm scans the market for the trading options that fit your trading preference and shares the results.
2. IQTrader
The IQTrader platform is amongst the top choices for traders that want to get well-researched and real-time market data based on scans and trading strategies. IQTrader offers simpler, quicker, and better versions of everything a trader needs. Its P&L charts, Options contracts, technical “greeks” included, and advice for trading strategy. The app offers comprehensive exposure to thousands of stocks, cryptocurrencies, and options.
IQTrader offers all essential tools that active stock traders and passive investors need to select their choice from thousands of stocks. Key features include options, stocks, crypto scanners, and trade builders.
3. Black Box Stocks
Black Box Stocks screener has many functionalities, like a proprietary algorithm to show the 10 top gainers and losers in a trading period. It also has pre- and post-market scanners. Black Box also offers a cohesive options screener which tracks unusual options activity in the markets.
Black Box subscribers get to use 17 filters for real-time options and can use color-coding for their options alerts. It also offers free trading education sessions for its users.
4. Benzinga Pro
Benzinga Pro is a strong option for people that want to use fundamental and technical analysis for their investment decisions. The pro version offers live news feeds and built-in stock scanners. Users can design separate screens for different settings according to their trading plan.
5. BitAlpha AI
Have you ever had to undergo the tiresome, tedious and sometimes hazardous task of finding an efficient and user-friendly platform? Well, why not let AI technology take care of all the hard work for you? This is where BitAlpha AI comes in.
This promising platform has taken the markets by storm in recent months due to its unique algorithm to connect its users with world-class platforms in a matter of seconds. This cutting-edge platform gives you the chance to avoid dodgy platforms, save yourself a lot of stress, and all of it is for free. What’s not to like about BitAlpha AI?
6. Stock Rover
Stock Rover is on this list because of its trend-setting stock correlation analysis, data evaluation, and substantial investment research. Stock Rover’s advanced platform offers screening, research, and charting.
Stock Rover is an industry favorite for its in-depth research reports and data analysis, making it popular for traders and value investors.
7. Seeking Alpha
Seeking Alpha is unique from others in this list as it offers comparatively more advanced options like quant ratings, pre-configured screeners, and SEC filings access. Alpha users can use scanners for basic information like financials, profit ratings, and other growth metrics. The screener offers comparison options with peer groups and has multiple charting options
8. TC2000
The TC2000 is a comprehensive trading platform with strong charting capacity, multiple option investment plans, and multiple stock screening and scanning functions. The TC2000 is amongst the oldest platforms and offers multiple versions for its users.
9. Hammerstone Markets
Hammerstone is a powerful tool for traders who trade based on market insights developed from the news. All traders know that news can make or break a deal and influences momentum. Being the first few to know about news helps users book profit-making deals. Hammerstone was initially designed for financial institutions and hedge funds, but they have launched a new version targeting day traders
10. TradingView
TradingView is an initiative by traders and software developers and has powerful tools for its users. The platform offers some of the top stock screeners and caters to the needs of all categories of traders.
TradingView’s primary focus is on charts and technical analysis. While many active investors prefer this, other inexperienced traders that need market intel may feel underwhelmed due to the lack of information.
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