For an active trader whose entire trading strategy relies on using real-time data to take advantage of market changes, having a market scanner is key. However, not all market scanners are created equally.
Some are little more than glorified alerting systems, whereas others also offer screeners and charting capabilities on top of their various alerts on price changes. The TC2000 software builds upon this baseline, adding integration for brokerage services into the mix.
However, there are many different stock trading tools and platforms that traders can use to maximize their trading time. Why should you use the TC2000 charting software? In this article, we aim to tell you why this desktop application should be your go-to option!
The Purpose
The main purpose of this charting platform is to allow traders to perform analysis and stock screening on the same platform.
TC2000 offers many advanced features that aim to streamline this process including customizable layouts, the ability to analyze data by time frame, support for a wide variety of technical indicators, simulated trading, and even the ability to perform stock trading directly from the platform.
We’ll be covering the main points in this article but if you want to learn all the details, it’s worth checking out this in-depth TC2000 review!Learn More About TC2000
The Features
As mentioned above, TC2000 offers support for direct trades from its platform (although you will have to trade through Interactive Brokers). The platform supports trades for stocks, ETFs, and options; it doesn’t support other asset types such as crypto or futures.
Besides its ability to execute trades, TC2000 offers a plethora of features to help trading identify potentially profitable trades. Such features include technical indicators. market timing indicators, customizable and prebuilt layouts, watchlists, simulated trading, and EasyScan (the platform’s stock & option screener).
Platinum members gain access to even more advanced features (historical testing & scan results, automatic scan refreshes, the ability to build market timing indicators, and more!).
The Drawbacks
While we certainly recommend this desktop platform to those with an active trading style, there are a few points where it falls short of other trading platforms. Fortunately, there aren’t many, but they’re still worth mentioning nonetheless!
TC2000 doesn’t have:
Backtesting Although TC2000 does offer historical condition testing, this isn’t quite the same—nor as powerful—as true backtesting capabilities.Forecasting features commonly found on more recent platforms.Automated trading that can be preset to execute on its own using preset conditions and limitations.Artificial intelligence to guide, assist, and help you with your daily trading needs.
The Cost
If you want to use the TC2000 charting software then you’ll be happy to learn that you’ll have a small variety of free and paid pricing options. While higher-tier plans will certainly unlock more features, the average trader likely won’t need to subscribe to a top-tier plan for daily use.
Here are the plans:
Free
Interestingly, the free option isn’t listed directly on the TC2000 website. You’ll need to head over to FreeStockCharts.com to find it. This option offers a few basic capabilities but lacks any of the substantial features needed to perform an in-depth analysis of the stock market.
Silver
Costing only $9.99 per month, the Silver plan unlocks a few of the features restricted from free users. Silver members will be able to place trades directly through TC2000, take notes, set custom watchlists, and set custom layouts for charts.
Gold
Costing $29.99 per month, the Gold plan arguably provides the best value for your money. In addition to the features already mentioned, the Gold plan unlocks the ability to track up to 100 stocks, multi-monitor workspace layouts, sortable watchlists, graphs, pre/post-market mode, formula writing, and charting tools.
However, the main benefit of Gold is EasyScan. As TC2000’s proprietary stock and option scanning tool, it’s a must-have for any day trader using this platform.
Platinum
As TC2000’s top-tier plan, it’s no surprise that it’s also the most expensive option. However, the price increase is quite a large jump from the Gold plan: the Platinum plan costs a grand total of $89.98 per month!
TC2000 Charting Software: A Summary
While there are many platforms that offer data similar to what you may find on the TC2000 charts, the platform still has a lot to offer for day and swing traders. We don’t recommend it for traders looking for the most modern platform. Rather, we recommend it to those looking for a tried-and-true solution to their trading woes.
The Platinum plan is extremely powerful, but most average users won’t need to subscribe to this tier. We think—for most low/mid-volume traders—the Gold plan is sufficient (and certainly kinder to your wallet!). However, high-volume traders may find the Platinum plan worth the extra premium.
TC2000 is a well-known and trusted software for a reason: it works! Click here if you’d like to see what all the hype is about for yourself.
