Choosing the right charting platform is crucial for any trader, as it’s the main tool used for market analysis and decision-making. In this discussion, I’ll dive into the Worden TC2000 trading platform, which stands out as a preferred choice for conducting technical analysis.
The Worden TC2000 trading platform is not just any charting software; it’s been a reliable assistant to traders for over 25 years, helping them screen stocks and dive deep into technical analysis. In our comprehensive review, we aim to cover all the key features that make this time-tested platform a valuable asset for traders looking to make informed decisions.
What is Worden TC2000 Trading Platform
TC2000, brought into existence by Worden Brothers Inc. in 2010 and based out of Wilmington, North Carolina, stands as a top-tier platform dedicated to technical analysis and stock market screening. With its extensive range of stock charts, indicators, and the powerful ability to scan through financial fundamentals, TC2000 has not only established itself but also maintained a significant presence in the investment community.
It’s no wonder that for 25 straight years, it’s been adorned with the Best Software award by Stock & Commodities magazine and was recognized in 2019 as the “favorite standalone analytical software for $500 and less” by readers of the Technical Analysis of Stock & Commodities magazine.
For those unfamiliar, TC2000’s roots can be traced back to 1988 with the founding of Worden Brothers, Inc. Long-standing traders might recall their earlier product, TeleChart, a name that directly inspires the ‘TC’ in TC2000.
Although Worden Brothers, Inc. extends its services to include brokerage via TC2000 Brokerage, Inc., this review zeroes in on the TC2000 technical analysis tools platform itself. Accessible via desktop, web browser, or mobile app, TC2000 aims to furnish traders with the real-time data and technical tools essential for successful stock trading, distinct from its brokerage services.
Worden TC2000 Trading Platform Benefits
Here are the areas where Worden TC2000 stand out:
- Smart Scaling: Enhances visual clarity in charting, making TC2000 visually superior to many other platforms.
- Proprietary Indicators: Includes unique tools like MoneyStream®, Time Segmented Volume®, and Balance of Power®, highly valued by traders for informed decision-making.
- Charting Tools: Offers advanced charting capabilities with more than 70 technical indicators and ten drawing tools, allowing for extensive technical analysis.
- Real-Time Data: Provides up-to-date market information from over 70 exchanges worldwide, crucial for timely trading decisions.
- Customizable Scanning: Features a vast array of scanning tools that can be tailored to identify stocks meeting specific technical or fundamental criteria.
- Customizable Layouts: Allows users to arrange their trading environment to suit personal preferences and multi-screen setups, enhancing user experience.
- Watchlists: Enables traders to compile and monitor a list of preferred stocks, sortable by various criteria for efficient tracking.
- Alerts Feature: Offers the ability to set up notifications for specific stock criteria, helping traders respond promptly to market changes.
- Trade Simulator: Allows practice and strategy testing with real market data without risking actual funds, aiding in strategy refinement.
- Historical Condition Testing: Provides the ability to simulate trades against historical data to evaluate potential trading strategies.
- EasyScan Dashboard: Facilitates dynamic market scanning, allowing traders to compare and rank stocks based on specific performance criteria.
- Mobile Accessibility: Available on iOS and Android, enabling trading and market monitoring on the go.
- Education & Training: Offers a comprehensive range of learning materials, from digital libraries and video webinars to live seminars and an academic program for enriched learning experiences.
Worden TC2000 Pricing
The Worden TC2000 trading platform offers varied pricing structures tailored to different levels of traders, from beginners to advanced professionals. Here is my breakdown:
Free Version:
Accessible through FreeStockCharts.com, TC2000’s free version offers basic functionalities. It’s a starting point, but advanced features require upgrading.
Silver Plan:
Priced at $9.99 per month, the Silver package is a step up, providing customizable layouts, notes, watchlists, and basic trading capabilities. Ideal for those needing more than the basics without a hefty price tag.
Gold Plan:
At $29.99 monthly, the Gold plan introduces significant enhancements. Key among them is EasyScan, allowing detailed market searches based on specific criteria. This plan also includes chart drawing, formula writing, enhanced watchlists, and multi-monitor layouts, suitable for more engaged traders seeking deeper analysis tools.
Platinum Plan:
Jumping to $89.98 per month, the Platinum package offers the full suite of TC2000 features. Subscribers can manage up to 1,000 alerts, enjoy real-time scan refreshes, and access extensive historical data. This tier is designed for serious traders focused on in-depth market timing and historical data analysis.
Choosing the right plan depends on your trading needs and experience. Beginners might find Silver adequate, while more experienced traders might opt for Gold or Platinum for advanced features like real-time dashboards and historical data analysis. Click Here to explore more about Worden TC2000 pricing and find the plan that best suits your trading style.