The TradeStation trading platform has received accolades from both Barron’s and Stock and Commodities for the Best Real Time Data, Best Stock Trading System, Best Futures Trading System, Best Online Analytical Platform, Best Institutional Platform and Best Professional Platform. Barron’s rated TradeStation’s platform high and recommends it for frequent traders, best trading experience and best international trading. Until 2013, customers can enjoy free trades with this innovative trading platform. TradeStation consistently ranks one of the best trading platforms because of its outstanding performance in numerous categories.
What is the Target Market for TradeStation?
TradeStation can meet the needs of both amateur and professional traders. The trading station has a wide variety of tools to assist traders of all skill levels. Though it is designed for all types of traders, intermediate and advanced traders tend to select TradeStation over other trading platforms available.
Benefits of TradeStation’s Platform
Customizable Trading Tools. TradeStation allows users to create custom trading strategies. Custom trading strategies ensure that traders can capitalize on techniques that are conducive to their trading style rather than a pre-determined strategy.
Back-Testing Capabilities. The tools have back-testing capabilities and extensive databases with historical data for this purpose. Trades based upon past performance of stocks or futures are typically more accurate than without back-testing databases. Decisions to sell or buy can be made logically when past market behavior is used as a baseline. TradeStation tools feature 90+ years of historical trading data.
Real-Time. Real-time monitoring is automated through the platforms. This allows traders to make split-second decisions based upon information received about the market.
Low-Commission Rates. The low commission rates are desirable, and there is also an introductory rate until 2013. Customers enjoy the ability to trade free until next year. Stocks can be traded $0.06 per share or $6.99 per trade after the introductory rate.
Sophisticated Forex Trading Software. Online forex traders has some of the lowest forex spreads.
One Platform for All Major Assets. The trading platform will trade stocks, futures, options and forex.
Community of Traders. There are numerous ways to connect and create strategies through the Strategy Network.
Fast Order Execution. Order action is fast because of the proprietary technology.
New TradeStation Features
Traders can enjoy the use of enhanced alert messaging via email with the new TradeStation platform. With the Pro Orders View, orders can be easily canceled and replaced. Enhancements were made to Chart Analysis, ChartTrading and also to EasyLanguage Class Library (ECL).
Issues can now be reported easily through new software. The reports can be issued internally. The Help Station was also improved to provide better service to traders seeking answers about the platform or other relevant questions.