I am speaking from experience and not offering any investment advice here, i am offering software advice:
If you take this advice, you will not need to know of any particular brand or name - you will know the whole range of sofware features available.
Avoid "black box" style software which has settings you cant see or adjust - and therefore cannot learn from or experiment/test your ideas with. Get something transparent and variable.
Then look at whether or not you want the data and charts to be analysed for you....or do you just want a fancy graph that you can plot and draw on?
Then, if you decide that you do want the software to analyse the data for you, do you want it to spit out a recommendation of bull shares that are bullish within your criteria... (on your own criteria or the softwares preset criterias - most come blank, some come with loaded indicators with viewable values and parameters)?
Thats about it.
Avoid sellers, they are trying to offload you inferior software which basically cant speak for itself and generally needs to be glossed up for (expensive) reasons.
If you dont know what you want, you ultimately will screw up with your choice and you will not buy anything of any worth for yourself. Also, know that you could almost pick 20 stocks valued at over $1-50 and you will probably make very nice money within a year to two.
Know that knowledge is useless - it is only the application of the knowledge (charts and data) which is useful. Therefore, if you cant apply the knowledge (charts and data) you have it is entirely because you do not know what you are doing, evcen if you do have the good software...
So buying is one thing....then i suggest you dont use it at all for trading shares, i suggest you paper trade shares with it. After 6 months to a year of paper trading, you will have approximately 10 times more ability to apply the knowledge you purchased, than what you would have if you simply began using it and accordingly your success rate would have looked like a chart of 'a cat on a hot tin roof'.
Cheers,
Lautrec
PS: I really hope it confuses you enough to want to learn the right way. And remember that the more you know the more you learn there is to know....and you can give a mana fish and he'll eat for a day but if you teach him how to fish he will eat forever and maybe even pass it on to his spawn.
PPS: How about your accounting skills after an enormous increase in trading activity?...Do you want it to be a preparatory tool for tax lodgement, potentially linked or shadowing your actualy trading account with excel based simplicity?
