TC2000 Charting Software Review
https://www.tc2000.com/pricing/golfingdaytrader
Overview
TC2000 is a comprehensive charting software developed by Worden Brothers, Inc. It's widely regarded in the trading community for its robust charting capabilities, technical analysis tools, and user-friendly interface. The software caters to traders of various skill levels, from beginners to advanced users, offering a suite of features designed to support stock and option trading.
Key Features
Charting and Technical Analysis:
Advanced Charting: TC2000 provides highly customizable charting options, allowing traders to view multiple chart types, including candlestick, bar, and line charts. The charts are known for their smooth and clear visuals.
Technical Indicators: The software includes a vast array of technical indicators, such as moving averages, MACD, RSI, Bollinger Bands, and more. These indicators can be easily applied to charts and customized according to individual preferences.
Drawing Tools: Traders can use various drawing tools like trendlines, Fibonacci retracements, and annotations to enhance their technical analysis.
Scans and Alerts:
Real-Time Scanning: TC2000's scanning capabilities are one of its standout features. Traders can create custom scans based on technical and fundamental criteria to find trading opportunities in real-time.
Alerts: The software allows users to set up alerts for specific conditions, such as price movements, indicator thresholds, and trendline breaks. These alerts can be sent via email, SMS, or within the platform.
Watchlists and Layouts:
Dynamic Watchlists: Users can create and manage multiple watchlists, which are dynamically updated based on pre-defined criteria. This feature helps traders keep track of their favorite stocks and monitor potential opportunities.
Custom Layouts: TC2000 supports custom layouts, enabling traders to organize their workspace according to their preferences. Multiple monitors can be used to display different aspects of the platform simultaneously.
Fundamental Analysis:
Data Integration: TC2000 integrates fundamental data, providing insights into earnings, dividends, valuation metrics, and more. This combination of technical and fundamental analysis tools allows traders to make more informed decisions.
News Feeds: The platform includes news feeds from reputable sources, keeping traders updated on relevant market events and company-specific news.
Trading Capabilities:
Broker Integration: TC2000 can be linked with several brokerage accounts, enabling direct trading from the platform. This integration streamlines the trading process and allows for quick execution of trades.
Paper Trading: For those who want to practice or test strategies without risking real money, TC2000 offers a paper trading feature. This is particularly useful for beginners looking to gain confidence and experience.
Ease of Use:
User-Friendly Interface: TC2000 is known for its intuitive and easy-to-navigate interface. The learning curve is relatively gentle, making it accessible to traders of all experience levels.
Customer Support and Resources: Worden Brothers provides excellent customer support, including tutorials, webinars, and a comprehensive help center. The community forum is also active, where users can share insights and ask questions.
Pricing
TC2000 offers several pricing plans, including:
Free Version: Limited features, suitable for beginners or those wanting to test the platform.
Gold Plan: Includes real-time data, advanced charting, and basic scans.
Platinum Plan: Adds advanced scanning, alerts, and more comprehensive data features.
Brokerage Account Fees: Depending on the brokerage integration, there may be additional fees for trading.
Pros and Cons
Pros:
Robust and customizable charting tools.
Extensive library of technical indicators.
Real-time scanning and alerts.
User-friendly interface and excellent support resources.
Integration with brokerage accounts for direct trading.
Cons:
Premium features require higher-tier subscriptions, which can be costly.
Limited to stock and option trading; lacks features for other asset classes like forex or cryptocurrencies.
Conclusion
TC2000 is a powerful and versatile trading software that offers a wide range of features for technical and fundamental analysis. Its real-time scanning, customizable charts, and user-friendly interface make it a favorite among many traders. While the premium plans can be expensive, the value provided by the advanced tools and seamless brokerage integration justifies the cost for serious traders. Whether you're a beginner looking to get started or an experienced trader seeking sophisticated analysis tools, TC2000 is a solid choice for enhancing your trading experience.