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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.
Types Of Trading Alerts
Trading Alert Type#1: Automated trading alerts on price, chart patterns, economic news, and technical indicators
As a trader, you probably already know the importance of not missing out on any big price movements, chart patterns, 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 of the following:
- Price movements
- Economic news (e.g. central bank’s rate decision, GDP, etc)
- Company earning releases
- Technical indicators
#1. Price movements
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?
#2. 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 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.
#3. Technical Indicators & Chart Patterns
What if you are using technical indicators or chart patterns to make trading decisions?
There are also automated trading alerts that you can create based on technical indicators and chart patterns.
TrendSpider is an automatic technical analysis trading software that is designed to help you automatically find your trade setups and send you alerts in real-time as it happens.
With TrendSpider, you can create powerful automated trading alerts by combining any technical indicator and chart pattern, without writing a single line of code!
So, how do TrendSpider’s Dynamic Alerts work?
Basically, it will monitor the charts for you from the cloud and send you real-time alerts whenever your conditions (e.g. bounces, breakouts and etc) trigger via e-mail, SMS, and in-app notifications.
Finally, there’s no need to sit in front of a computer all day trying to monitor the charts.
If you are a serious technical trader, then you should definitely check out TrendSpider which not only helps you save tons of time but also helps make sure you never miss any of your trade setups.
Trading Alert Type#2: Daily Trading Picks With Exact Entry And Exit Points
For the second type of trading alerts, it’s generally a paid trading alert service that 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 for getting trading alerts?
If you are a complete beginner and trying to make money trading using a trading alert service, I recommend that you start by learning the basics of trading and practicing trading with a paper account.
Why?
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 Trading Alerts For Trend Trading
You have probably heard of the famous saying “The trend is your friend, until the end when it bends”.
Trend following is one of the few proven strategies both in trading.
Traders who are able to ride the trends consistently outperform other traders.
So, wouldn’t it be great if you could have a trading tool that helps you identify all the uptrends or downtrends just when it was about to happen?
MarketClub‘s algorithm tells its members when to capture profits within the safety of the strongest trends.
So, how does it work?
“Trade Triangles” is one of MarketClub’s proprietary trading tools that provides entry and exit signals to help you identify profitable trading opportunities.
So, what are “Trade Triangles”?
And how do they work?
When the Trade Triangles are green, it indicates an uptrend.
When the Trade Triangles are red, it indicates a downtrend.
So, how do they generate trading alerts for when to buy and sell?
What’s their strategy behind it?
First, let me ask you this.
If the short-term trend for a particular stock is an uptrend and the intermediate trend is also an uptrend, then how likely would you say that the stock is going to go on an uptrend?
Quite likely, right?
Now, what if the short-term, intermediate, and long-term trend for this particular stock is an uptrend, then how likely would you say that the stock is going to go on an uptrend?
I would say this is highly likely.
So, how do you tell what the short-term trend, intermediate trend, and long-term trend will be?
If you have been trading for a while, you must know that there are different timeframes in the price charts.
For MarketClub, it analyzes these three timeframes:
- Daily charts (i.e. this is good to help you determine the short-term trend)
- Weekly charts (i.e. this is good to help you determine the intermediate trend)
- Monthly charts (i.e. this is good to help you determine the long-term trend)
When the Trade Triangles for more than one timeframe match, then it’s a strong confirmation of an upcoming trend.
For example, let’s say the Trade Triangles are green for both the daily chart and weekly chart of a particular stock.
What that means is that the stock is very likely to embark on an uptrend.
But, if Trade Triangles are green for all the three time-frames (i.e. daily, weekly and monthly), then it’s an even stronger confirmation of an impending uptrend.
For me, I only consider taking the trades when the trade triangles are green or red for ALL the three time frames because that gives me a trading opportunity of the highest probability.
To make sure that I don’t miss any good trading opportunities, I can set a trading alert to notify me based on my pre-defined criteria.
Try MarketClub For Free Now
Best Artificial Intelligence Trading Alerts (Best For Day Traders)
Trade Ideas is an artificial intelligence trading software that is designed to help traders do automatic trading through AI.
Holly AI
Holly AI is Trade-Ideas built-in trading robot.
It runs about 50 AI trading strategies.
Here’s how it works.
Every night after the market closes, what Holly artificial intelligence does is that it runs backtests on these strategies for the past 3 months.
Then, it looks at the backtesting results such as equity curve, risk-reward ratio, and drawdown, and then optimizes the strategies.
There are over a million trade scenarios being run by Holly AI overnight.
Once it has done that, it will take into account the current market condition and look at everything from fundamentals to social mentions.
In the end, five to eight trading strategies with the highest win rate will be displayed in the AI Strategies Window for you 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.
The best part about using AI is that it will probably make better trades than you because it manages trades without any emotions.
Now, how is the performance of Holly Artificial Intelligence so far?
In 2018, HOLLY AI’s performance, before commissions and fees, measured 111%.
The S&P 500, measured by the $SPY index, fell 4% over the same period.
So, how do you use Trade Ideas Artificial Intelligence?
You can either follow the trade suggestions made by Holly the A.I. and execute the trades yourself or you can have it Holly the A.I. trade for you via Brokerage Plus.
Brokerage Plus is an auto-trading module within Trade Ideas enabling automatic, manual, and semi-automatic portfolio management and trading with your brokers such as Interactive Brokers.
Read the Full Review On Trade Ideas Now
Trading Alerts For Penny Stocks
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 the 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 record?
He turned $12.415 into $5,237,584.
Now, what about his trading results from 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 Timothy Sykes Trade Alerts and his trading methods.
Check out my review of Timothy Sykes
Trading Alerts From Top Traders (Best For Social Trading)
Would you like to get trading alerts from the top traders in real time?
Yes, that’s possible.
Whenever these professional traders make a trade, you will receive a trading alert in real time.
So, you can stay informed of what trades top traders are making and decide if it’s a good trading idea for you, too.
eToro, the world’s leading social trading platform, makes this possible for you.
So, exactly how does it work?
On eToro, there are a lot of professional traders trading there.
Once you sign up for a free trading account with eToro, you can choose which professional trader you want to get trading alerts from.
Here is a list of factors you can use to choose the right trader to follow:
- Return: profits or losses on a selected period of time
- Risk Score: an estimate of how risky the trades
- Copiers: how many people are copying his/her trades
- Copiers Change: this might be a key indicator of how the trader is doing and what the response of the people following is. If a trader loses too many people in a short period of time, the followers may not be happy with their results
- Gained at Least: minimum profits in the selected period
- Weekly drawdown: weekly drawdown
You should always choose which trader to follow based on your risk tolerance level, the product you want to trade as well as the trading performance of the trader.
Now, how do you get daily trading alerts from these top eToro traders?
All you need to do is simply click on the plus sign (+) button on the trader’s profile.
Then, you’ll add the selected trader to your watchlist, and you’ll get real-time signals of every update on their accounts.
Try out eToro for free
Gary says
Hi Gladice, thanks for your article. I’ve spent money on worthless stuff and your insight gives me another avenue to try. Take care!