Nowadays, a common mistake for many new traders is using the wrong software and tools. The stock market is not an easy concept to fully understand, but once you get the hang of it, you have to make sure of one thing and one thing only: be prepared.
What does it mean to be prepared? Well, while a skilled trader already has the necessary experience and is more likely to do well with less ideal tools, it is very important as a beginner to make sure you are equipped with best trading, scanning and charting software. In order for you to succeed as a trader, you have to take advantage of any tool that might help you in that direction.
For a trader, especially for a beginner, it can get pretty confusing when the time comes to choose the tools you are going to work with. With the purpose of making it easier for aspiring traders or beginners, we’re going to take a look at what TC2000 has to offer, and we’re going to focus on comparing different subscription plans, in order to help you find one that best suits your needs.
What Is TC2000?
As an online software company, TC200 is focused on providing analysis tools that are meant to help stock and option traders. Their software has been awarded best analytical software (https://tradingreview.net/tc2000-review/) that costs less than $500 by the readers of Stocks & Commodities Magazine for the past 24 years. As main services, the software offers scanning, trading and charting features.
With the intention to help you better understand the difference between the subscription plans that TC2000 has to offer, we will briefly discuss the main features of the software, and afterwards you’ll find out what kind of features are available for each pricing option:
1. Scanning – The software is well-known for its 2-second scanning, therefore, it is a leader in this section and has been for a long time. There is a huge selection of fundamentals made available, and even more than that, you are able to create your own indicators based on these fundamentals.
2. Trading – The software has a feature that helps you organize your tradings, which stores all the trading you were viewing in one place and organizes your notes in a watchlist. Another thing you could do through this software is to open an account at the affiliated TC2000 Brokerage, where you are able to trade stocks for only $4.95.
3. Charting – This feature is one that separates this software from the herd, given the fact that it is highly customizable and very user-friendly. TC2000’s charting feature makes it easier to compare trend strengths and to swing sizes between stocks.
TC2000 has three different pricing options: Silver, Gold, and Platinum. In this article, we are going to mainly compare the Gold and the Platinum one, as these are the one that best suit the needs of an individual who takes trading seriously.
But just to give you an idea of what is mainly included in the two subscription plans mentioned previously, let’s take a look at some of the features of the basic Silver level. Please note that the features mentioned below are made available for all the subscription levels offered by TC2000.
1. Silver Pricing Option
Given the fact that this is the least that you can get by using the TC2000 platform, it will only cost you $9.99 per month. This plan can sometimes be enough for some traders, but there is a good number of functionalities that you can take advantage of only if you go for a Gold or Platinum subscription.
Still, there are many available features that you can use by purchasing this subscription plan, some of them being: trade stocks and options through TC2000 Brokerage, awarded streaming charts that use more than 100 indicators, the possibility of adding real-time data feeds for stocks or the cover for more than 100,000 stocks, options, and funds.
Another feature that TC2000 offers and it’s included in the Silver pricing option is the simulator. By using this feature, you will be able to practice your strategies and test them in simulated paper trading accounts. Using this tool goes hand in hand with another option made available through this pricing option: watchlists. The best thing about them on this platform is that you can actually create your own. And even more than that, you will be able to access numerous already built-in watchlists.
And because we live in the digital era where everything needs to happen fast and everybody is always on the run, you can access your charts and watchlists from a Mobile app that you can run on your smartphone.
Gold Vs. Platinum Subscription
One thing that needs to be mentioned before we start comparing the two pricing options, is that all the features included in the Silver pricing options are also included in these two subscriptions. Without further ado, let’s see what the upper-level pricing options of the TC2000 platform have to offer:
2. Gold Pricing Option
The Gold subscription plan takes things a step further from the Silver one and it costs $29.99 per month. Of course, you get all the features of the lower level pricing option, plus some extra features that can only take your trading activity further. Some of these features include the possibility of chart drawings (like trend lines and Fibonacci retracements), better scanning capabilities that include creating your own criteria for scanning or the fact that you are able to monitor up to 100 alerts on price, indicators, and trendlines.
The purpose of this subscription plan is to deliver the most timely data possible for you, without having to pay an exchange fee. This feature is made available by TC2000, by merging aggregate delayed data from different exchanges with real-time data that comes from the BATS exchange.
The outcome of this combination is the fact that you are getting the most current-delayed data possible for the money that you are paying. This Gold subscription is likely to fulfill all your trading needs, but it might depend on your trading style. Either way, make sure to consider the benefits that the Platinum subscription has to offer before making a decision.
3. Platinum Pricing Option
The best part about this ultimate level of subscription that you can get from the TC2000 platform is that everything is happening in real time. For $89.99 per month, every action that you perform while using this software, everything that you study on this platform, every bit of streaming data will be instant.
It doesn’t really matter what kind of action you’re performing on the platform, you just have to be confident that everything that you see there is happening in real time. And because of this feature, you are always one step ahead of everyone else; a thing that can really make a difference when it comes to you succeeding in the stock market business or not.
It’s basically needless to say that this pricing level offers you every feature that the lower level ones include, and some other features. The main extra feature is the fact that everything happens in real time, but some other useful extra features include: the possibility to monitor up to 1000 alerts on price, indicators and trendlines, the fact that you can organize your EasyScans into reports or the feature that allows you to set automatic re-sort intervals on your watchlists.
Platinum Chat Rooms
Another feature that can really make a difference for traders all over the world, is the Platinum chat rooms. Basically, these chat rooms are a place on the Internet where investors gather in order to trade together and share their charts, watchlists, EasyScans, and notes.
This is the perfect place where you can learn serious business from professional traders, you being able to actually watch them while they’re working. Compared to the Gold subscription, the fact that the Platinum one makes these chat rooms available is a great advantage, needless to say.
In order to give yourself the best chance to succeed when it comes to trading the markets, you have to make sure you’re using the right software. Considering everything mentioned above, TC2000 is for sure one such software. The platform makes trading easier to understand and it does the some when it comes to conducting activities that involve trading.
That’s possible due to their advanced charting tools, the powerful and extremely quick scanners and the alerts that make sure you’re not missing on anything.
The TC2000 software offers a variety of pricing options that are totally worth the money. There’s no doubt that TC2000 is the right choice for any individual who takes trading seriously. The only question there’s left is which subscription plan suits you best?
Most people manage to do just fine with the Gold subscription, but there are some obvious benefits that the Platinum pricing option brings to the table. It’s needless to say that those extra benefits can really make a difference, given the fact that they include real-time counts of stocks passing your scans, but that just depends on each individual’s budget and trading needs.
Blake is a self-made online day trader with a knack for adventure. On his free time, he loves reading and learning new methods in the trading as well as improving his jiu-jitsu skills. He currently resides in New York City.