CFD Software

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.