Trade Ideas Review - Pros, Cons and Ratings (2024)

Trade Ideas is a unique stock scanning tool that implements artificial intelligence to offer a range of in-depth market scanners and advanced stock market analysis tools, for traders of all backgrounds and experience levels. The main purpose of the Trade Ideas stock market technology it to help teach users how to trade and invest. The Trade Ideas software lets us search to find unique stocks with relative strength outperforming the markets.

Company Overview

Established in 2003 in the USA, Trade Ideas was founded by a team of financial technology entrepreneurs to cater to investors, traders, and market professionals in over 65 countries. The name Trade Ideas came about because that is exactly what they wanted to do – help traders find ideas for their trades. I find it appealing that the founders have learned from previous ventures what to do and what not to do, this experience should certainly help to improve Trade Ideas.

The technology used by Trade Ideas is developed from scratch by their own team of developers based in the USA. The company’s server farm connects directly to the Exchanges so that they can closely watch each stock and ETF. Every tick is watched by a system that measures past behaviour against real-time market movements.

The software conducts constant stock market analysis and reanalysis. It goes through consistent testing and re-testing. The purpose of this is to ensure that Trade Ideas provide some of the best financial technology for analysing markets. On numerous occasions, Trade Ideas have appeared in the Inc, 5000 Fastest Growing Privately Held Companies in the United States.

What is the Trade Ideas stock trading software used for?

As the name rightly suggests, Trade Ideas is primarily used for generating ideas for placing trades on the stock market. Using one of the most advanced simulated trading platforms available, it can be a very useful tool to learn more about the stock market and how to trade, enabling you to practice trading stocks without risking any real money. Trade Ideas can act almost as a stock market coach and partner in assisting you to navigate the stock market, without being too overwhelmed.

Why use Trade Ideas?

Trade Ideas can show a significant amount of data in easy to interpret ways that can save users from many hours of complex market analysis. It can help to teach money management. Each chart has a rules-based visual trading plan for both active and long-term traders. As the market evolves, the software is capable of adjusting levels and the trading plan to continuously evolve with the market.

Users also get access to a complete real-time simulated trading environment for practising their trades and money management. After the practice phase is complete, Trade Ideas users who are ready to put their simulated knowledge to the test and trade live, can conveniently connect directly to online brokerages such as: Interactive Brokerage, TD Ameritrade and E*TRADE.

The Brokerage Plus module connects to participating brokers enabling traders to automate their own optimized strategies or the AI’s trades. From one-click trading to fully automatic AI portfolio management, not many other market intelligence platforms can deliver the flexibility and customization that Trade Ideas can.

Trading Signals

Trade Ideas is capable of producing powerful stock market signals, analysing hundreds of stocks much quicker than it would be to do so manually. Users can filter signals according to their own trading strategy preferences and choose which signals they wish to take. Trade Ideas is automated in terms of finding stock signals, but you do need to manually place and manage your trades. I would personally do may own market analysis for each trade, just for the extra confirmation.

Simulated Trading

Simulated Trading is available with every Trade Ideas subscription. This can help users to gain confidence whilst learning how to take the appropriate actions when trading in the markets.

Trade Ideas Strength Alerts

Trade Ideas have an alert index newsletter written by inhouse market strategist Michael Nauss and costing $17 per month. The newsletter gives you 5 new trade ideas sent directly to your inbox every Monday from their model portfolio. These strength alerts can help to prepare yourself for market decisions in the coming week.

The Trade Ideas signals are focused on the relative strength of various stocks. They start with some of the most popular technical indicators and chart setups that their top-performing algorithms are frequently utilising.

Follow on from that, they then assign values to each of the indicators and chart steps weighted by using statistical analysis on each one.

Using the substantial server technology that Trade Ideas have incorporated on the backend, they are able to each and every stock in the market using these weights and then sortthemaccording to which has achieved the highest score.

The Trade Ideas Market Strategist Michael Nauss is a Chartered Market Technician, using his technical knowledge in combination with years of quantitative and algorithmic trading to combine the best of these two worlds to create a unique trading style using the best of both worlds.

Michael also offers monthly webcasts for subscribers that cover the following:

• Why relative strength outperforms the market
• Quantitative analysis in the portfolio
• How to use technical analysis in trade identification

Artificial Intelligence

For users who get a Trade Ideas Premium Subscription, you can access the Holly Artificial Intelligence feature to manage your trading cycle. Trade Ideas’ A.I. is a virtual research analyst that never sleeps and sifts through technical analysis, fundamentals, social media, earnings and more, acrossmillions of possible tradesevery day to find the potential trading signals.

They offer Artificial Intelligence for Professional Traders, Including RIAs, Portfolio / Investment Managers, and Wealth Management Offices. Trade Ideas Wealth delivers fully-formed opportunities, including performance history, win rate, entry point, profit target, stop loss and more for every idea. It provides real-time risk assessments for its opportunities in the current market conditions so there are never any surprises.

A.I. Powered Robo-advisem*nt

Several different investment algorithms subjected to over a million trading scenarios overnight to arrive at a subset with the highest probability for alpha in the next market session.

Long & Short Opportunities

A curated, distilled stream of vigorously tested long and short opportunities. Stops and profit target parameters are automatically assigned for every new trade idea.

Time Efficiency

Trade Ideas information advantage can save portfolio managers and quantitative traders hours of coding, research and testing.

Trading Education

For those who are newcomers to trading online, Trade Ideas provides educational resources, a practice trading environment and the support you need on your journey to become a self-directed investor. Each of the Trade Ideas subscriptions include unlimited access to the live Trading Room Community, educational courses, and real-time Simulated Trading.

• Educational courses
• Classes
• Webinars
• Dedicated support

Introduction to Trade Ideas

This set of short and succinct lessons were designed to teach you the essentials of Trade Ideas and get you started trading with some of the most powerful tools that they offer. Some of the topics covered include:

• Downloading Trade Ideas Pro
• Channel Bar
• What’s a Top List
• Multi-Strategy Windows
• Custom Layouts
• Intro to the Cloud
• Price Alerts
• Back testing
• Customize Holly the A.I.
• Brokerage+

Free Daily Support

These Daily Support Sessions you can join at any time that they are open, and ask the panel for assistance with the Trade Ideas technology or any other trading related questions that you may have.

Free Trading Room

The Free Daily Trading Room is hosted by Barrie Einarson. Barrie is an experienced day/swing trader and an expert at using Trade Ideas technology to capture alpha in any market condition. Open Monday-Friday during market hours. You’ll experience Barrie trading real-time with real money, using the Trade Ideas software.

Daily Webinars

Trade Ideas broadcast a live webinar hosted by professional trader/educators. You can sign up for free daily webinars that run from Monday through Thursday.

Educational Videos

In addition to the core Trade Ideas University courses, designed for anyone from beginner to expert trader, they also have a robust number of educational videos archived on their YouTube Channel. Video tutorials cover various subjects such as:

• Creating your account
• Starting Trade Ideas from scratch
• Custom Channels
• Risk On/Off feature for A.I.
• Price Alerts
• I. Channel – Holly

Back to Basics

This free 36-part intro to trading course covers everything from “What is a stock?” to trading with Holly the Artificial Intelligence software provided by Trade Ideas. These video tutorials include:

• What is a stock
• Intro to charts
• Candlesticks
• Support and resistance
• Trends
• Fundamentals
• Artificial Intelligence

Trading Books

There is a collection of educational eBooks written by the team of traders at Trade Ideas, including:

• 5 ways to win in a post BTFD market
• Solid swing trading concepts
• Range breaks and pullbacks
• Active investing for the passive trader
• Earnings Season
• My favourite trading strategy indicators

1-On-1 Training Sessions

Sometimes 1-on-1 training sessions are the best way to accelerate your learning or overcome a challenge with the help of a seasoned, expert trading education specialist. With that in mind, Trade Ideas provides 1-on-1 sessions in 1-hour increments for $129/hour.

OddsMaker

For traders who have some experience, there are more trading tools and resources included with the Trade Ideas subscriptions, to further develop your trading knowledge, strategies and skills. You can optimize various settings in the back tester with the OddsMaker and custom formulas that allow you to employ and test a large range of different strategies.

Trade Ideas Features

Now, hopefully this Trade Ideas Review has helped you to understand more about what they offer and if it is suitable for you. Here are some of the Trade Ideas key features:

• Real Time Simulated Trading
• Live Trading Room
• Real-time Streaming Trade Ideas
• Simultaneous Charts
• Chart Based Visual Trade Assistant
• Up to 500 Price Alerts
• Alert Windows, Chart Windows & Top List Windows
• Channel Bar—Curated Workspaces
• I. Virtual Trading Analyst—Holly
• Chart Based A.I. Trade Assistance
• Entry and Exit Signals
• Risk Assessment
• Build and Back test any Trade Idea
• Auto trade w/ Brokerage Plus and A.I.
• Stock Relevant News
• One Click Trading
• Weekly Strength Alerts Newsletter
• Various Subscription Packages
• Full Support

Trade Ideas Subscriptions

Trade Ideas currently offer a Standard and a Premium subscription at monthly and annual renewals. The annual plan can save $468 compared to monthly billing. Additionally, they also have a Professional Services membership for Professional Traders. All subscriptions are recurring subscriptions with no contract involved.

• Premium: $2,268 Annually, $228 Monthly
• Standard: $1,068 Annually, $118 Monthly

An account is automatically created for you using your email as the username when you purchase a subscription.They accept major credit cards and PayPal, whilst in special situations, they may accept Western Union, wire transfers, or personal checks.

Trade Ideas Support

You can find Trade Ideas resources including training videos and classes in the Support and Education sections of the website. During market hours, they have a live support chat accessible near the bottom of most of the website pages. You can also submit a support ticket if you have a specific query.

Trade Ideas Summary

Trade Ideas is a very impressive all-in-on stock trading package that contains most of the trading tools and information that anyone would need to get started with trading stocks online. There is everything from in-depth market analysis, trading signals, educational materials, trading community, automated strategies and much more.

I really like how easy they have made it to navigate and digest the provided content. There are plenty of tutorials to help understand everything and support is on hand to assist as and when you need them.

I feel that Trade Ideas is an industry leader when it comes to stock trading education, specifically when it comes to their market analysis and signals. Whatever your experience level, you should certainly find something worth implementing within your daily trading activities.

It must be said, the newsletter, alerts or signals from Trade Ideas, are not to be taken as financial advice. You should make sure that you are well aware of all the significant risks involved with trading online and make your own decisions. Historical performance is by no means any indication of future results.

If you wish to find out more or get a subscription, please feel free to visit the Trade Ideas website using the link below.