Most of the better sites that offer technical analysis tools also guide new traders towards a fundamental understanding of the core concepts. Some of these resources are free or included in a broker's platform, but others charge a fee. We'll take a look at technical analysis tools that are built into brokers' offerings as well as some standalone resources. These are listed in alphabetical order and are not intended to imply a ranking.

On the other hand, Stock analysis software won't make you an investment pro overnight, but it can improve your success in the market, whether you're a long-term investor or a day trader. 

Stock software can help you with real-time stock market simulation to help you to learn how to adapt to market fluctuations; backtesting, so you can test trading strategies using historical stock market data; and designing a stock trading or investing plan.

Having accurate information helps you avoid making decisions made based on emotions. The data provided by stock analysis software helps you screen stocks, make informed choices, and execute trades, sometimes even from right inside the software.

Here are some software for improving your forex trading performance:

1. E*TRADE

E*TRADE isn’t just a stock trading platform. It ranks among some of Benzinga’s favorite stock trading brokerages for a number of reasons, namely its access to real-time data, research and analysis in its brokerage platform.

2. MetaStock

In MetaStock's popular family of products, you'll find all the tools you need for both technical and fundamental stock market analysis. MetaStock Xenith gives you real-time news and data, fundamentals, commentary, and analytics in a single destination.

The Daily Charts provide tools for after-market analysis, while MetaStock RealTime is designed for real-time traders. Also, DataLink is a powerful charting software that pulls end-of-day data from exchanges all over the globe. Additional functions and customization can be added with plug-ins and add-ons sold separately.

3. TD Ameritrade

TD Ameritrade is beloved by beginner and seasoned traders alike for one reason: It has absolutely everything you need to trade stocks with success. The brokerage offers traders real-time quotes, 3rd-party research, Yahoo! Finance news streaming, social sentiment tracking and planning tools on its web platform.

4. Worden TC2000

Worden TC2000 offers stock market software for technical analysis for U.S. and Canadian stocks and funds. You'll find charts, watch lists, alerts, instant messaging, news, scanning, and sorting features. Fundamental data coverage is included in addition to a backtesting function on historical data.8 There are no automated trading tools, and its asset classes are limited to stocks, funds, and ETFs.

5. Webull

Webull is a brokerage that is accessed through its mobile app. It features commission-free stock and exchange-traded fund (ETF) trading. 

The broker is tailored towards intermediate and experienced self-directed investors and traders. It is most well-known for its commission-free structure which allows active traders to save a considerable amount on commissions compared to others.