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If you are trading the stock market, then trading alerts are definitely a useful tool to help you trade better.
When people talk about trading alerts, they are usually referring to either of the two kinds of trading alerts below.
Two Different Kinds Of Trading Alerts
Trading Alert Type#1: Automated trading alerts on price, economic news, and technical indicators
As a trader, you probably already know the importance of not missing out on any big price movements, company earnings releases, and major economic reports.
It is made possible by setting up automated trading alerts.
And these trading alerts will be triggered whenever your pre-defined specifications are met.
Most traders want to get notified on the following:
- Price movements
- Economic news (e.g. central bank’s rate decision, GDP, etc)
- Company earning releases
- Technical indicators
Most traders trade on price actions.
For the stocks that you are trading, there are definitely certain key price levels that you want to keep an eye on (e.g. major support or resistance level) because it might be a great trading opportunity.
Instead of constantly staring at your screen to monitor the stock price yourself, what if you could receive trading alerts when such price levels are reached?
Wouldn’t that save you a lot of time?
Economic News & Company Earnings Releases
One of the most important economic news is the central bank’s rate decision because it can significantly move the stock market as well as all the other markets such as currency and futures.
Getting alerted right before the announcement can help you plan and prepare for your trading day.
Some traders prefer to get out of their positions before important economic news such as the Fed’s rate decision because they don’t want any surprises.
Here’s another reason why you want to use trading alerts.
Trading the news is actually a very popular trading strategy used by a lot of traders.
Regardless of whether you are trading the earnings news or economic news, you can create specific alerts to keep you updated on what’s happening in the market.
For example, you can create an alert for any upcoming earnings release of the stocks that you are trading.
If there is going to be an earning release, then you would probably need a different trading plan for that stock.
Depending on whether there is any positive or negative earnings surprise, the stock price can move a lot in either direction.
What if you are using technical indicators to make trading decisions?
There are also trading alerts that you can create based on technical indicators such as moving average, standard deviation, RSI and Bollinger bands.
For example, the standard deviation is usually used to tell if the stock price is over-extended.
Luckily, you can these trading alerts get it free of charge from almost all brokers that offer self-directed trading.
For example, IG offers free trading alerts to all its clients, however, the alerts you are allowed to create are quite limited.
That’s why if you want to create more customized trading alerts, I would recommend Finviz.
Finviz is a great stock scanning software.
Its paid version allows you to create real-time alerts that are triggered by these events:
- News, portfolio, ratings (e.g. you can set up an alert if there is any stock-specific news such as earnings or change in rating)
- Price (e.g. you can set up an instant alert if the price hits a certain price level)
- New ticker fits Screener criteria (e.g. you can set up alerts for new tickers that fit your pre-defined criteria.)
Try Finviz for Free Now
Trading Alert Type#2: Daily Trading Picks With Entry And Exit Points
For the second type of trading alerts, it’s generally a paid trading alert service which offers you stock trading signals with high possibilities of winning.
There are quite a number of trading alert services, but can you really make money with their trading signals?
How do you actually tell which one is legitimate?
Also, how do you choose which is the best for you?
These are some questions that you might have in your mind.
Here, I will share with you everything you need to know about trading alert services, so you can make an informed decision.
Generally, with stock trading alert services, they will offer the following:
- Day trading alerts (i.e. these are intra-day trades that will be closed by market close)
- Penny stock trading alerts (i.e. these are specifically for penny stocks only)
- Swing trading alerts (i.e. trades are held for days or weeks)
So, how do you go about choosing the right stock trading alert service?
First of all, what kind of stocks are you trading?
Are you trading only penny stocks or large-cap stocks?
Next, what is your trading style?
Are you day trading?
Or are you a swing trader?
Lastly, what is your objective of getting trading alerts?
If you are a complete beginner and trying to make money trading using trading alert service, I recommend that you start with learning the basics of trading and practice trading with a paper account.
This is because trading alerts are just for you to get more trading ideas.
At the end of the day, you should still do your own analysis and make your own trading plan.
Without your own conviction, you will find it difficult to manage and execute the trade.
For example, what if the recommended trade is in a loss but still hasn’t hit the stop loss yet?
Would you be tempted to close the trade prematurely?
Or would you be able to execute the trade as instructed by the trading alert service?
When it comes to trading, the worst thing you can do is to leave your trading in other people’s hands and completely rely on them.
There’s no shortcut to trading, but that’s not to say that trading alerts are not worth it.
Personally, I find trading alerts useful because it’s very easy to miss out on great trading opportunities if you were to just monitor the market yourself.
So, how do actually tell if their trading alerts are good?
There are a few things that I will look at when choosing a trading alert service.
- Who is providing the trading alerts? Is it algorithm or experienced traders themselves?
- What are the track records of these trading alerts?
- What are the reviews?
- What exactly is included in the trading alert service?
- How much does it cost?
Best Trend Trading Alerts
You probably already know the famous saying ” Trend is your friend”.
Trend trading is a well-known proven trading strategy, so is there any legit trading alerts to help you spot trends early?
INO MarketClub provides entry and exit signals to help you identify profitable trading opportunities through its proprietary trading tool called ” Trade Triangles”.
When the Trade Triangles are green, it indicates a strong uptrend.
When the Trade Triangles are red, it indicates a strong downtrend.
Its analysis tools tell you strength and direction based on a proprietary algorithm.
So, how do they generate trading alerts for when to buy and sell?
What’s their strategy behind it?
If you have been trading for a while, you must know that there are different time frames in the trading charts.
For example, there are hourly charts, daily charts, weekly charts, and monthly charts.
When the Trade Triangles for more than one time frame match, then it’s a confirmation that it’s time to ride the trend.
Let’s say the Trade Triangles are green for both the daily chart and weekly chart.
What that means is that it signifies that the stock is about to embark on an uptrend.
The reason for multiple time frame confirmation is that the trading signals will be of higher accuracy.
Every day, INO MarketClub’s Smart Scan will scan over 350,000 stocks, ETFs, futures, forex and mutual funds to help you find the trading opportunities with the highest winning probability in the market.
Its Trade Triangle technology identifies changes in trend, alerting you where to enter, exit, and when to sit out and wait.
Once you are a member of the MarketClub, you will receive instant email alerts to notify you of net changes, new highs and lows, changes in trend score, breakouts and when a new Trade Triangle signal has been issued.
So, you will never miss a good trading opportunity.
Best Artificial Intelligence Trading Alerts
Trade Ideas is an artificial intelligence trading software that was founded in 2002 to help traders scan through the market to look for profitable trading opportunities quickly, so you can be the first to act.
Holly is the name of Trade Ideas Artificial Intelligence.
It consists of over 70 proprietary algorithms utilizing Trade Ideas’ uniquely derived data sets.
Holly performs over a million simulated trades across the 70 algorithms overnight before the market opens the next day.
These simulations test values of key indicators as well as trading plan variables to identify trading probabilities.
Then, Holly applies 15 criteria to yield five to eight of the algorithms with the highest win rate and displays them in the AI Strategies Window every day before the market open.
What’s more, it also shows you exactly when to enter and when to exit.
Basically, it gives you a complete trading plan.
Try Trade Ideas Demo for Free Now.
Best Penny Stock Trading Alerts
If you are into trading penny stocks, then Timothy Sykes is your guy.
Personally, I stay away from penny stocks when it comes to investing because the underlying companies are NOT good businesses.
But, trading is different.
You are essentially profiting from price movements and penny stock prices move A LOT more than other stocks.
So, it’s definitely possible to make money trading penny stocks
Although I might not like his over-the-top marketing of his trading alert service, it’s no doubt that he did have a proven track record of making money trading penny stocks.
When it comes to trading, only (consistent) trading results matter.
So, what is his penny stock trading track records?
He turned $12.415 into $5,237,584.
Now, what about his trading results every single year for the past 7 years?
Below is his verified trading performance.
If he is profitable for one or two years in a row, I might say he is lucky.
But staying profitable and achieving above-average returns for 7 years in a row is definitely NOT luck, but solid trading skills & strategies.
TIM’S Alerts ($74.95 /Month)
- Daily Chatroom Access
- Daily 5-10 Stock Watchlist
- Realtime SMS, Email, and Push Alerts
- Realtime ProfiDing Trade Alerts
- iPhone & Android App
The next tier is Pennystocking Silver Membership ($149.95/Month) which includes everything in the TIM’s Alerts plus his 6,000+ Video Lesson Library and Weekly Video Lessons.
If you already know about penny stock trading, then TIM’s Alerts is good enough for you.
But if you are a complete beginner, then I would recommend the Pennystocking Silver Membership which comes with all the educational video training.
So, is it worth investing in his penny stock trading alerts?
Well, trading penny stocks are risky because they are very volatile.
But, on the other hand, it’s exactly the huge volatility that makes it possible to earn big bucks (or lose money) in a very short period of time.
If you really want to give penny stock trading a try, it’s best that you learn from someone who has achieved the success you want and there is no better trader to learn from than Timothy Sykes.
My advice is that you can sign up for TIM’S Alerts ($74.95 /month) for one month and see if it’s a good fit and if you can get a lot of value from him.
Even if you decide it’s not a good fit, you have at least given it a try and the maximum downside is $74.95.
But, if it does, chances are that you can easily make back your investment and more in a single trade using his Trade Alerts and his trading methods.
Check out TIM’S Alerts.