» 

 

 

» 
 


Preview
 

Exchangetradedcfd.com


CFD Software



Cfd software is conventionally provided by the broker or service provider. Usually, when you open an account you are required to download the order entry platform. Most cfd trading software has built in quotation management and charting functionality. Data is either provided free of charge or you are required to pay an access fee which is sometimes charged by the exchange and passed on. You can download a trial version of the software but you need to keep in mind that irrespective of whether you execute transactions, you will be liable for data fees.

The other option is to go with a stand alone charting package. Most software can still be used as cfd analysis software. Most software is built to accommodate a range of different data formats such as metastock, ascii and CSI format. You will also need to secure a quote source to interface with the software. Data providers offer data at subscription prices depending on whether the data is real time or end of day. You need to be aware that the data being used will be based on the physical product and may vary from the prices quoted by the cfd provider, particularly if the broker is using a market maker model.


Several Packages that can be used as cfd charting software are discussed below:

Metastock (www.equis.com):
This software is used be a diverse range of traders. Functionality includes the following:

(a) Charting: bar, line, candlestick, point and figure, kaggi, renko, three line break, equivolume, candlevolume
(b) built in search tool for scanning according to your selected criteria
(c) expert advisor for interpreting technical signals
(d) indicators: over 150 pre built indicators with the ability to create your own using the indicator builder
(e) trading systems: create your own or use one of the 26 in-built systems

Wealthlab (www.wealth-lab.com):
(1) drag and drop indicators
(2) create chartscripts for screening or trading systems
(3) advanced wealthscript language for programmers
(4) integrated order manager
(5) system testing module
(6) powerful charting capability including: candlesticks, linechart, equicandles, ohlc bar, equivolume, kagi, renko, point and figure and linebreak
(7) portfolio simulation
(8) built in money management module or create your own rules

Cdf software is provided by cfd providers such as CMC Markets (www.cmcmarkets.com), IG Markets (www.igmarkets.com) and MF Global (www.mfglobal.com). You can find out more about the features and functionality at the official company websites.


Next Article: Exchange Traded Cfds


» Blog
Click to Access

© 2007 Exchangetradedcfd.com

 

Home (exchange traded cfd) | Blog | Contact Us |Resources |Sitemap | privacy policy