Trade Ideas Review

Rating

4.7

Introduction

Trade Ideas is a stock market software that offers real-time trade alerts, artificial intelligence analysis, and other advanced features for active traders. It helps traders make informed decisions about their portfolio and identify profitable trading opportunities.

As a stock scanner platform, the Trade Ideas program aims to help you spruce up your trading strategies. The platform allows you to narrow down the vast number of stocks to a manageable list that meets your specific criteria in an unbiased and objective manner.

At the moment, Trade Ideas is reported to be one of the most powerful real-time stock screener tools you can find on the market, but how true is this? Let us walk you through all of its pros, cons, features and everything else you would need to know in this Trade Ideas review.

An Overview of Trade Ideas

trade ideas website 1

Stocks present a fantastic opportunity for anyone who would like to increase the size of their investment portfolios. However, finding the right stocks to invest in requires good research, skill, and a bit of luck. This is where Trade Ideas comes in.

Founded in 2002, Trade Ideas is a stock scanning tool that provides traders with plenty of built-in scans and pre-configured scanning settings. It takes the guesswork out of trading decisions by offering a fully screened stock analysis.

The platform allows you to view which stocks are spiking on news, surging up or down in real-time, and suggests which stocks to buy or short, as well as when to exit.

This is especially useful for traders who want to stay active in the market but don't have time to conduct due diligence on their own before trading. The platform offers a variety of products, including alert windows, chart windows, a live room, artificial intelligence, and backtesting, as well as numerous tutorials and videos.

Trade Ideas Features/ Products

trade ideas platform

1. Charts

Although charting is not Trade Ideas' main tool, it is a great addition. Their charts allow you to confirm alerts visually and instantly, including entries and exits. Therefore, you don't need to leave the Trade Ideas platform to view the alerts.

In addition, the platform helps you scale your charts, draw lines, arrows, or even make notes on the charts. It also enables you to choose between various time frames for receiving alerts.

2. Alert Windows

The feature is particularly important for traders who don't have the discipline to execute trades according to a specific strategy. Trade Ideas' alert windows allow you to stream and display events in real-time, based on the filters and alerts you choose.

The feature also enables you to add graphical columns to your specific specifications, allowing you to view various time frames at a glance. It also allows you to see the history of alerts for the day by simply scrolling down the window.

3. Backtesting “OddsMaker”

Trade Ideas' premium subscription offers unlimited backtesting with the OddsMaker tool. The OddsMaker helps optimize your strategies before you enter a trade, and all computations are conducted on Trade Ideas' servers for fast results.

It works by testing and improving strategies for immediate analysis, and allows you to see an equity curve and customize results by adjusting factors such as share size, commission, and starting equity.

The Trade Ideas platform also lets you open the OddsMaker from any alert window and set your own entry and exit conditions, and view all your backtested trades using the calendar heat map.

4. Trade Ideas Pro

This is a downloadable stock scanner software available in a Windows version that has customizable features. It's designed for active day traders who want more than what a web-based front-end can offer. The scanner has fast access to various statistical analysis servers on the Trade Ideas platform.

One great aspect of this feature is that you can try it for free in demo mode. The demo comes with powerful features but with limitations such as no custom formulas or symbol lists.

5. Live Room

The Trade Ideas live trading room is an invaluable resource for any investor who wants to engage and get advice from the experienced Trade Ideas team, including co-founder Dan Mirkin. It's free of cost and open to all traders!

To become a part of the vibrant trading group, simply create an account and enter our live room to discover valuable stock insights from experienced moderators and traders all around the world.

The room is a perfect place for inexperienced traders to get an idea of the platform and determine if it's worth their investment. But, please be aware that access is only available from Monday through Friday between 9 AM and 4 PM ET.

6. Artificial Intelligence (AI)“Holly Grail” Technology

AI is one of the best innovations from Trade Ideas. It works by splitting strategies into manageable concepts (at least 35) with each concept designed to help you beat the market once the market closes. Basically, it does all the work for you, saving you a lot of time that you could have spent researching.

The technology scans through everything including fundamental, technical, and social data overnight to provide you with the best results the next morning. However, you will only have access to strategies with a success rate above 60%.

Additionally, you can watch the Holly trade in real-time rather than just observing charts for ideas on what stocks to trade. This software program reportedly boosts your success rates and helps you avoid the trap of emotional trading.

7. Training

There are free one-on-one training sessions available once you subscribe to the Trade Ideas platform, offered by staff members. To schedule a session, simply reserve a date that is convenient for you. The training will help you become familiar with all aspects of the platform, making it easier for you to use.

Additionally, there is a paid training course available for $99 per hour, in case you find the free sessions insufficient. To book an appointment for this course, you can use the calendar app provided on the site.

8. Auto Trading

As the name implies, Trade Ideas is a fully automated and computer-assisted trading software. It initiates every step of the trading process with its auto-trading platform – from entering trades, to setting stops and exiting when predetermined targets are hit or time intervals have elapsed. With this comprehensive suite of features at your disposal, you can maximize profits on each trade.

If you're looking for a more hands-on approach, computer-assisted mode is the way to go. As a trader, you can manually enter in trades and wait for the signal or opt into allowing the platform to get you into position if greater freedom is desired.

9. Active Trading

If you're searching for stocks that move fast, then Trade Ideas' Active Trading feature is an unquestionable requirement. Regardless of whether you are a trader or investor, this platform provides loads of priceless data and windows to keep up with the latest information quickly.

The best part is that it was devised by Jamie Hodge, the platform's head of education with over a decade and a half as an established trader.

10. Different Types of Windows

Apart from the chart and alert windows, Trade Ideas also features three other options: Compare Count, Top List, and Full Quote.

The Compare Count window allows you to compare two strategies of your choice and get real-time updates, while the Top List window ranks market data and is updated every 30 seconds. 

The Full Quote window, on the other hand, provides you with fundamental data that is relevant to a specific stock's price, as well as quick visual indicators.

Trade Ideas Subscriptions and Pricing Options

trade ideas pricing

The Trade Ideas platform offers three subscription packages for its clients based on their experience as traders.

The standard package costs approximately $99 per month or $1068 per year and includes access to real-time data, charts, alerts, custom formulas, top lists, a channel bar, and shareable price alerts (limited to 10 alerts).

The premium package, which costs $188 per month or $2268 per year, includes all the features of the standard package plus advanced windows (RBI/GBI), backtesting, unlimited shareable price alerts, and Artificial Intelligence

Professional investment advisors or traders can upgrade to professional services, a program starting at $5500 per year.

FAQs

If you’re curious about Trade Ideas and want to learn more, we have a list of frequently asked questions below that could help.

Both beginners and experienced traders alike can benefit from reading these answers in order to gain clarity on what exactly Trade Ideas is, how it functions, and if it will meet your investing needs.

Is Trade Ideas suitable for beginners?

Trade Ideas is an all-encompassing trading platform offering a wide range of features and resources to accommodate traders at every level.

It may have more complex curves than other platforms, but it’s still manageable for beginners too! To assist with the learning process they offer educational materials such as webinars and tutorials - so you can gain insight even if new to trading.

How does Trade Ideas compare to other similar products?

Trade Ideas stands out from the rest with its superior artificial intelligence and machine learning algorithms that are capable of notifying users in real-time about potential trading opportunities.

It also provides a vast array of features and resources, such as customizable scanners, comprehensive stock reports, and informative educational materials – all making it one step ahead in comparison to other similar products on the market.

How much does Trade Ideas cost?

Trade Ideas has a variety of subscription options that range from $99 to $189 per month, which include different features and resources. Therefore, it is essential to take into account both your budget and needs before making any decision.

Is Trade Ideas worth the investment?

We all have distinct needs and objectives as traders, so the answer to this question ultimately depends on you.

If you are looking for an extensive and sophisticated trading platform that can support your investment decisions while increasing your potential profits, Trade Ideas is worth considering. 

Pros

  • Free and moderated live room offers both new and experienced traders with great ideas
  • Comes with a lot of customization options
  • The auto-trading feature offers a lot of flexibility
  • Includes a very informative blog
  • Backed by great customer service
  • Excellent social media presence
  • Gives you access to real-time data
  • Plenty of free tutorials and training videos to help you get started
  • Managed by people with immense experience in different fields like trading and financial technology

Cons

  • As a beginner, you may be overwhelmed by the information available on the platform
  • Charts have very limited indicators
  • Does not offer streaming newsfeed but rather clickable headlines

Conclusion

Ultimately, Trade Ideas is an invaluable resource for traders seeking to maximize their profits. Its sophisticated AI and machine learning algorithms enable it to identify potentially lucrative trades in real-time. As a result, users can be kept up-to-date with the latest market developments and make informed investment decisions quickly and accurately.

The platform also offers traders a broad spectrum of tools and resources, from customizable scanners to detailed stock reports, as well as educational modules that aid in making informed decisions.

All in all, we had a great experience with Trade Ideas. It is user friendly and simple to use, plus the signals and trade ideas that it provided were of excellent quality. Compared to other similar solutions on the market, Trade Ideas stands out for its cutting-edge technology and comprehensive set of features.

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