Readers’ Choice Awards
The Readers’ Choice Awards begins each year with a list of products gathered by the editors of Technical Analysis of STOCKS & COMMODITIES Magazine, with space for write-in votes (given that our list doesn’t claim to be complete). Then, to find out what our readers find to be the most useful for their trading, we ask them to choose their favorite products or the ones they find most useful from various categories by going to our website, Traders.com, and filling out the survey there. After that, we compile the results, just in time for our Bonus Issue published every February.
Products are categorized by their primary purpose. Just because a service or product is not listed does not necessarily mean that the product does not have features germane to the category. In addition, some categories are divided by cost so that the comparisons can be made on a more level playing field.
The winners in the Readers’ Choice Awards are almost always the dominant players in their niche, and rightfully so. You may have special needs for your trading, however, so you should keep in mind those products that are not the big names in the category of your interest before you make your final decision. The RCA is designed to be an aid for you when you are deciding on which of the numerous products and services currently available to use for your trading and investing. With that in mind, we think you’ll find the Readers’ Choice a terrific guide to products and services that you’ll be interested in.
It’s always a good idea to keep track of your portfolio’s performance. Some trading software may not include this feature or some of you may find the need for a more sophisticated product. As a result, portfolio management software has sprung up to automate the analysis of return, cash flow, tax impacts, and profit & loss. Products range from spreadsheet add-ons to custom applications that can extract pricing data from files in their native form, hopefully automating portfolio valuation as well as analysis.