Recently I took a survey of my students asking which charting software they use.
This is only a small sample, and therefore not necessarily representative of which software is the most popular in the world, or even the US. It only reflects the responses I received from my students who responded to the survey.
I received hundreds of responses and thought you may be interested in the results. So here they are, rounded to the nearest whole number (you’ll notice that they total more than 100%, and that is because many people use more than one software for charting):
- Ninja Trader: 42 %
- Tradestation: 30 %
- Meta Trader: 27 %
- Interactive Brokers: 21 %
- eSignal: 18 %
- MetaStock: 16 %
- Think or Swim: 14 %
- GFT: 13 %
- Ensign: 12 %
- Telechart: 12 %
- FXCM: 12 %
- TD Ameritrade: 8 %
- Fidelity: 6 %
- MultiCharts: 6 %
- E Trade: 4 %
- Schwab: 4 %
- NeoTicker: 2 %
- QCharts: 2 %
- Other: <2 %
Have any opinions or comments about charting software? Leave your comments below.
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Thank you for posting this. It is actually quite interesting.
I think telecharts is the best software to use for educational purposes; and combining it with esignal is a good combination.
Also thank you for doing the survey!
Interesting ranking. Nice to see Metastock in your list. I wonder why no one is using Omnitrader?
Please slap those people still using Interactive charts. They are in the dark ages!
It is difficult to comment on this subject without knowing the profile of your students. Professional students would like to have more features on technical study/tools and flexibility in selection of parameters while others prefer simple but effective interactive charting tools
Thank you for this useful survey. I would love to ask your students or participants, which is the best software for Apple Macintosh users? IS there a software that does not require WINDOWS or a WINDOWS virtualization equivalent? It is very frustrating that the whole financial world seems anti-macintosh, except the basic websites, but the brokerages advanced software platforms all seem to require a windows equivalent
.
Ninja Trader???? Anyone uses it? Comment please. Thank you.
Hi Barry
I received your 3 PDF files and I am impressed with you teaching methods.
There is a lot of good information in there that I was not aware of.
However I am a Forex trader and I trade the EUR/USD.
Some of your techniques do not apply to my trading, such as Volume.
Am I missing out on something here?
Roland (O:
Hi Roland,
You’re right that volume doesn’t apply to Forex because it doesn’t trade on a central exchange. So some of my techniques apply to some markets and not others. But most of them do apply to all markets.
Thanks for the survey. Which do YOU use? what do you like/dislike about each?
Could you run a similar survey on Brokers Pros/cons and trading platforms?
Thanks,
Bobbi
Hi Bobbi,
All of the books, software and brokers I use and
recommend are listed on my web site at this page:
https://www.topdogtrading.com/recommended_resources.html
You’ll find some commentary there on each too as to what I
like about them.
Each has their own strengths and weaknesses, so it depends
on what market and time you’re trading as to which would
be best for you.
Hello, I enjoy reading your website. Hjalmar Lindholm