MetaStock Buyer's Guide

THE 8 VITAL QUESTIONS YOU MUST ASK BEFORE YOU PURCHASE TECHNICAL-ANALYSIS SOFTWARE Fourth Edition

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Brought to you by FundSoft Information Systems Dear Trading Enthusiast, Thank you for stopping by www.MetaStock.ca and requesting a FREE copy of our MetaStock “Buyer’s Guide” that we call The 8 Vital Questions You Must Ask Before You Purchase Technical-Analysis Software. You are reading this guide for one of many reasons, which likely include the following: •

You are new to trading and want to start out on the right foot by using a well known charting software tool.

•

You have been trading for a while, but have had little or no success. You have decided to seek out charting software tool that will help you make more profitable trades.

•

You are a seasoned trader using another piece of software. For whatever reason you do not like your current software and are looking for a change.

•

You are tired of leaving your financial security in your broker’s hands and want (at the very least) to track the trades they have made on your behalf.

•

You are highly competitive and take pleasure in beating the Dow. You are looking for the right charting software tool to give you the upper hand in determining your trades.

To help you achieve your goals (whatever they might be) consider asking yourself these 8 questions when determining which version of MetaStock® is right for you:

MetaStock End-of-Day

MetaStock Professional

1.

What kind of trader are you?

2.

What experience do you have with the markets?

3.

What charting software features are important to you?

4.

How complex do you need the charting software to be?

5.

How important is software training to you?

6.

What amount have you budgeted for to purchase the software?

7.

Where will you get your market data feed?

8.

Which plug-ins and add-ons should you be looking at buying?

MetaStock Pro FX

>> We have also included an extensive resource list of related investing websites at the end of this guide that will definitely help you become a better investor/trader! Real-time data may have additional exchanges fees (visit here for a list of fees) Remember, if you have an older version of MetaStock, you can easily upgrade to the latest version (10.1). Also, if you want to start off with MetaStock End-of-Day, upgrading to any of the Professional versions is easy to do! Pricing for the upgrades and cross-grades can be found at this website: www.Metastock.ca/SearchResult.aspx?CategoryID=5

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Where will you get your market data feed? The final thing you need to think about when purchasing your technical analysis software is your market data source. After all, you can’t do your analysis without market data! Some people who call us ask us what we think about the free data services. We usually tell them to consider the following: → There are no free lunches; you get what you pay for … → What about support or guarantees on how accurate the data is? → Updating the data may require manual importing so MetaStock can read the data. What you might save in money you waste in time and accuracy … → Manipulating the data manually also means you yourself might create an error in the data that you might not catch … → Why risk making a mistake that could cause you to lose some of your hard earned money on free data that could very well have errors in it? It is certainly your call though -- it is your money! If making your buy/sell decisions are based on quality, and dependable data is important to you, then here is who we recommend you consider for your market data needs: Software

Monthly Cost

More Information

MetaStock End-of-Day

$24.95 USD

www.ReutersDataLink.ca

MetaStock Pro for Quote Center

$135.00 USD

MetaStock Pro for eSignal

Data Service

www.QuoteCenter.ca

www.eSignal.com $125.00 USD

MetaStock Pro FX

www.QuoteCenter.ca $99.00 USD

1) If you are interested in considering the major differences between Quote Center and eSignal data, please go to: www.QuoteCenter.ca/eSignal.htm 2) It is worth pointing out that this monthly data fee is by “data group” and these “data groups” are typically divided by geographical areas (i.e. North American, Asian & European markets). To see how each data package is organized please go to the following websites:

→ → →

Reuters Data Link Quote Center eSignal

www.ReutersDataLink.ca/data_and_exchanges.htm www.QuoteCenter.ca/data_and_exchanges.htm

www.eSignal.com/esignal/pricing/default.asp

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Which plug-ins and add-ons should you be looking at buying? Plug-ins (developed by MetaStock) and add-ons (developed by third parties) enhance the functionality of MetaStock by providing you with additional indicators and trading systems. They are organized as follows:

They vary in price from $99 USD up to $629.10 USD with most priced at $269.00 USD. For exact pricing go to: → Plug-Ins: www.Metastock.ca/plugins.aspx → Add-Ons: www.Metastock.ca/addons.aspx

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Brought to you by FundSoft Information Systems Plug-In Matrix What Type of Trading:

Stocks, Futures, Options & Forex

Version of MetaStock Suited For:

End-of-Day (EOD), Real-Time (RT)

Trading Timeframe:

Short-Term (ST), Intermediate (Int), Long-Term (LT)

Skill Level:

Beginner, Intermediate, Advanced

Name (Cost) Bollinger Bands System ($269 USD)

Type

MetaStock

Timeframe

Skill

S, F

EOD

ST, Int, LT

Be, Int, Adv

Adapts to a security’s recent movements and uses these movements to evaluate your trade. FX Trader’s Advantage ($99 USD/month)

FX

RT

ST

Int, Adv

Multiple time frame analysis for the Forex market. FXTA gives signals based on several times frames at once. John Murphy’s Chart Pattern Recognition ($269 USD)

S, F, O, FX

EOD, RT

Int, LT

Be, Int, Adv

Identifies 9 popular patterns through scanning the market and understand how to use those patterns. Nison’s Candlesticks Unleashed ($269 USD)

S, O

EOD, RT

Int, LT

Be, Int, Adv

ST, Int, LT

Be, Int, Adv

Uses Steve Nison's favorite candlestick patterns to identify trading opportunities. Performance Systems Plus ($269 USD)

S, F, FX

EOD, RT

Gives 54 additional strategies to test against your tradable instrument to find the most profitable PowerPivots Plus ($269 USD)

S, F

EOD, RT

ST, Int, LT

Int, Adv

S

EOD, RT

ST

Be, Int

EOD, RT

ST

Be, Int

Looks for market reversals based on market direction MediaSentiment HeadsUp ($99 USD/year)

Uses market sentiment of earnings reports to give buy/sell decisions. MediaSentiment UpperHand ($99 USD/year)

S

Uses market sentiment of earnings reports to give buy/sell decisions.

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Brought to you by FundSoft Information Systems Add-On Matrix What Type of Trading:

Stocks, Futures, Options & Forex

Version of MetaStock Suited For:

End-of-Day (EOD), Real-Time (RT)

Trading Timeframe:

Short-Term (ST), Intermediate (Int), Long-Term (LT)

Skill Level:

Beginner, Intermediate, Advanced

Name (Cost) Adaptive Cycle Toolkit ($359 USD)

Type

MetaStock

Timeframe

Skill

S, F, O, FX

EOD, RT

ST, Int, LT

Int, Adv

Strategies based on the work of John Ehlers. Uses Digital Signal Processing to eliminate whipsaws in the market. Be, S, F, O, AlphOmega Elliot Waves ($269 USD) EOD, RT ST, Int, LT Int, FX Adv An affordable tool that gives you all the power of ElliotWaves. Dr. Elder’s Trading Room ($269 USD)

S, F, O, FX

EOD, RT

Int, LT

Int, Adv

ST, Int, LT

Be, Int, Adv

Based on the work of Dr. Elders. This gives you a great insight into the market. ETS Trading System ($269 USD)

S, F

EOD, RT

ETS is a complete trading system with buy and sell entries, protective stops, trailing stops and profit targets. FIRE! By Adaptick ($269 USD)

S

EOD

Int, LT

Adv

Broad market analysis that lets you see the market as a whole or create your own custom indexes. Morris Breadth Indicator Toolbox ($134 USD)

S

EOD

Int, LT

Int, Adv

S, F, O, FX

EOD, RT

ST, Int, LT

Int, Adv

Broad market analysis ICE! by Adaptick ($269 USD)

Create a trading system for each security that you are trading. Each system is customized for your security. “PowerStrike” by John Slauson ($179 USD)

S, O

Uses 3 unique criteria to identify support and resistance.

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EOD, RT

ST, Int, LT

Int, Adv

Brought to you by FundSoft Information Systems Add-On Matrix (continued ….) Type

Name (Cost)

MetaStock

Timeframe

Skill

Be, Int, Adv Gives you Pride Headley's methods to find the trades Now you can use the MetaStock Explorer to apply Price Headley’s expertise in identifying trading opportunities. Be, Pristine Method Pattern Scans ($269 USD) S, O EOD, RT Int, LT Int, Adv Price Headley’s Big Trends Toolkit ($449 USD)

S, O

EOD, RT

Int, LT

Uses the Pristine methods to identify trading opportunities and understand the trades. “Starting Point” by Joe Krutsinger ($359 USD)

S,F, FX

EOD, RT

ST, Int, LT

Be, Int, Adv

EOD, RT

Int, LT

Be, Int, Adv

ST, Int, LT

Be, Int, Adv

Starting point is designed for those traders who are new to the market. Tactical Trader Advanced Trading Strategies ($359 USD)

S, F, O, FX

3 systems in one. These systems give unique ways of looking at the market. S, F, O, FX

Trade Oracle ($629 USD)

EOD, RT

Trade Oracle gives you the probability on the success of a trade and gives you measures to make your decisions by. S, F, O, FX

Bollinger Band Toolkit ($269 USD)

EOD, RT

ST, Int, LT

Int, Adv

ST, Int

Int, Adv

Gives you the power of John Bollinger book Bollinger On Bollinger Bands in one spot. Red Rock Pattern Strategies ($269 USD)

S, F, FX

EOD, RT

16 patterns designed to tell you the direction of the market and know where the market is heading.

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Brought to you by FundSoft Information Systems In Summary, Here Are Your Options:

Target Group

End-of-Day

Professional for Quote Center

Professional for eSignal

Pro FX

For beginner, less active traders and buyand-hold investors

For active traders and those interested in live news and market data

For active traders interested in real-time trading

For those who are interested in trading the Forex market only

Option 1 – Purchase Software Outright Software Cost Guarantee Data Source

$449 USD

$1,395 USD $1,495 USD ** 30-Day Money Back Guarantee ** Quote Center eSignal $135 USD / month $125 USD / month

Quote Center $99 USD / Month

$59 USD / Month

$235 USD / Month

Not available

$179 USD /month

No Reuters Data Link Included Yes - Click Here

No Quote Center Included Yes - Click Here

N/A N/A

No Quote Center Included N/A

Reuters Data Link $24.95 USD / month

$1,095 USD

Option 2 – Subscription Version Cost (includes data) Contract To Sign? Data Source Free 30- Day Trial?

N/A

You take no risk whatsoever … As summarized above, if you purchase the software outright you are protected with our 30-day money back guarantee! Try the software and if for any reason you feel that it doesn’t meet your needs then return it within 30-days in good condition (i.e. there are no notes in the manual, no sheets are torn etc.) for a full-refund on the purchase price of the software (shipping not included). If you opt to go with the subscription version, you can try the first month FREE and then cancel at any time after since there are no contracts to sign! The market presents so many options for trading software that it can make your head spin. I wrote this buyer’s guide to help you make this process easier by laying out nearly everything you need to know about MetaStock to make an informed choice before you invest your hard earned money into a solution. We hope you have found this guide to be both useful and informative. If you do, however, have a few remaining “burning” questions that need to be answered, please do not hesitate to give us a call and we will ensure that you are taken care of promptly. You can reach us at 1-877-386-3763 (USA) or 1-877463-7638 (Canada), via email [email protected] or you can visit us online at www.MetaStock.ca. We look forward to hearing from you soon.

Scott Young |Business Manager P.S. Our website www.MetaStock.ca is full of helpful information. We are sure you’ll find MetaStock is the right analysis software tool for you! www.FundSoft.com | www.MetaStock.ca Page 14 of 17

Brought to you by FundSoft Information Systems Trading Resources: Here is that extensive list of online investing/trading resources I mentioned at the beginning. We are constantly adding to it and if you think something is missing please let us know by emailing us at [email protected]. For an up-to-date list go to the resources section of www.FinancialMarketPlace.com/trading-resources/ (our investment blog). Technical Analysis Software: • • • • • • • • • • •

MetaStock (End-of-Day, Professional, Pro FX) TazaTek (free indicators for MetaStock, NinjaTrader & TradeStation) OmniTrader (Stocks, Futures & Real-Time) VisualTrader (End-of-Day, Real-Time) Dynamic Trend Profile (Real-Time) TeleCharts 2007 (Worden Brothers) Genesis Trade Navigator Reuters Bridge (Professional Grade) PersonalStockStreamer.com The Trade Sage Stock Market Calculator StrataSearch

Forex Software/Brokers/Reference/Education: • • • • • • • • •

eToro.com (The Ultimate Forex Trading Experience!) ForexMentor.com ForexPros.com DashBoard FX (Real-time Forex buy/sell alerts with entry/exit points) PRO FINANCIAL FX, LLC Trading Mastermind FXYard (Forex Brokers) Money Day Finder (desk calendars for the financial markets) Forex Strategy Secrets

Education/Reference: • • • • • • • • • • • • • • • • • • •

Trading In A Nutshell (by Stuart McPhee) How The Markets Work Free Trading Systems Traders' University (by Interactive Brokers) Big Charts InvestorWords.com Investopedia.com Technical Analysis From A to Z Options University Campbell R. Harvey's Hypertextual Finance Glossary EDGAR Online The US Federal Reserve Financial Calculators Financial Data Finder Financial Economics Network FinViz.com The Options Zone Pitchfork Primer The Center for Executive Coaching www.FundSoft.com | www.MetaStock.ca Page 15 of 17

Brought to you by FundSoft Information Systems Investing News: • • • • • • • • • • • • • • • • • •

FinancialMarketPlace.com The Economic Populist The Motley Fool Google Finance Yahoo! Finance Reuters Finance Report on Business (The Globe and Mail) The Financial Post The New York Times Barron's Bloomberg Quote.com MorningStar (US) MorningStar (Canada) Globe Investor Gold CNNMoney EuroMoney TradingMarkets.com

Investing Clubs/Groups/Forums: • • • • • •

Nirvana Club Freedom Investment Club Equis International Online Community MetaStock User Groups American Association of Individual Investors (AAII) Aussie Stock Forums

North American Stock Exchanges: • • • • • • • •

The Canadian Stock Exchange (TSX Group) The New Year Stock Exchange Chicago Board of Trade Chicago Mercantile Exchange (CME) NASDAQ American Stock Exchange (AMEX) The Dow Jones EURONEXT

Stock Data Services: • • • • •

Reuters Data Link (End-of-Day) Quote Center (Real-Time) eSignal (Real-Time) Cannex (Canada & US) Paritech (Australia)

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Brought to you by FundSoft Information Systems Investment Brokers: • • • • • • • • • •

E*Trade Financial Scottrade Ameritrade TD Ameritrade TD Waterhouse MB Brokers Interactive Brokers Knight Capital Group Instinet Gold Money (Gold and Silver)

Investment Advice: • • •

WealthWorks Financial (Jack Di Nardo) Kitco Casey (Gold, Silver and Natural Resources) Jurock (Western Canadian Real Estate Marketplace)

Foreign Exchange Services: • • • • • • • •

DailyFX FXCM (Forex Capital Markets) Quest Trade FX Custom House (definitely sign up for their newsletter) Cambridge Mercantile (they have an excellent daily report as well) Axiom International Olympia Trust Company Globex Foreign Exchange

Investment Banking: •

TD Securities

Research: • • •

10KWizard (SEC Filings) BizStats (Free Industry Statistics and Financial Ratios) DailyStocks.com

Stock Widgets: • Yahoo! Stock Widgets • Widget Box • GStock

For an up-to-date list go to: www.FinancialMarketPlace.com/trading-resources/

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