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Trading & charting platforms on my desk

In today’s article I’ll be sharing all my trading & charting platforms I use daily with my readers. I am writing this article mostly for the newcomers or beginners in this market as experienced traders are well known about all the platforms I’ll be discussing ahead. Since I receive lot of queries from my readers who wants to know the platforms I use & using the same platform I post daily chart updates in blog.

For INDIAN MARKETS :

To analyze & trade in indian markets , I use two different softwares – CHARTNEXUS & AMIBROKER

CHARTNEXUS :

# Data available to analyse – NSE & BSE cash market stocks only.

# This platform is downloaded for free of cost here

# You’ll get last 3 years of EOD ( end of the day ) data for free in this platform. There is no real time data updation (usually needed for intraday trading).For real tme data updation I use AMIBROKER & I’ll cover this part later. To get more eod data(for 10 years) you’ll have to pay them. For me, 3 years data are sufficient for my 75% of trade setups as a short term swing trader. In case I need more data somtimes , I use TRADETIGER platform from sharekhan ( for TRADE-TIGER platform you’ll have to contact them on this site  ).As a short term trader(trading with a holding period of 3-4 days) you do not require more than 2 years data but as a medium/long term trader-investor you must need data for 10 years or more.

# This platform gets Updated daily after 5 PM. Usually I go through charts early morning before market opens up & do my analysis. So I’m comfortable with the update timings.

# Below I’ve uploaded a video where I recorded “how to install & setup chartnexus in your platform”.PLS NOTE: This video is to introduce you with this charting platform & not for training technical analysis of markets on chartnexus.

AMIBROKER :

# This platform will cost you Rs 500/ on a monthly basis & hence not free.

 # You’ll get  eod(end of the day) data as well as intraday(real time) data feed here.So this platform will be updating during market hours.

# Stocks ( cash & futures ) , commodities , currency data is available in this platform.

# Mostly I use this platform for  Intraday  trading of stocks, index & commodities.I use DAILY charts on this platform for analysis of commodities only as chartnexus does not provide commodity charting.

# Here I’ve uploaded a video where I recorded “how to install & setup amibroker  in your platform”. PLS NOTE:This video is to introduce you with this charting platform & not for training technical analysis of markets on amibroker.

 ODIN – trading platform

We discussed regarding platforms where we do analysis for trading. Now i’ll introduce a trading platform i use to execute my buy & sell orders.Once you open an account with a broker, your broker will provide you this kind of platform.This trading platform will be different for different brokers & it’s brokers responsibility to make you understand the functions in it.

My trading platform is called “ODIN” as given by my broker.I do both online & offline trading depending on my availability.On this platform i trade indian stocks,index,commodity. Here is a quick video showing the platform:

For global/international markets :

I use MT4 software for trading & analysis of international markets(forex & indices) like eurusd,gbpusd,dowjones etc).This platform is provided by lot of brokers for free.If you search in GOOGLE – “mt4 trading”,you’ll receive a lot of options to get this platform.This platform provides both eod & real time data feed on the same platform & the best feature is we can place trade directly on chart.

Below I’ve uploaded a video where I recorded “how to install & setup MT4  in your platform”. PLS NOTE:This video is to introduce you with this charting platform & not for training technical analysis of markets on MT4.

CLIP2NET :

This is a desktop drawing software i & my students use to capture screen shots of charts & trades & share with each other to find out the mistakes or improvement in analysis. After capturing a chart you can publish the chart online using the URL given by the platform or you can save it on your system for further reference. This is the most important tool in trading I believe as this activity us to track our work. If you’ve read my article on “keep a trading journal” then I don’t need to explain much about the importance of  this platform.

Here I’ve uploaded a video where I recorded “how to install & setup CLIP2NET in your platform” & Here is the site link to download clip2net platform – here

Finally, I’ve shared all my tools I use while trading to show that you do not require super-expensive charting platform or tools to get success in trading. I met & saw many people spending a lot for different charting softwares, multiple srceens alongwith 5-6 computers while trading.I’ve never seen professional traders making their workspace such complicated.Our main focus should be developing a strategy with right mindset over time & above all For me TRADING IS SIMPLE – & hope it becomes simple & easy for you.

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