For over 25 years, TC2000 has been helping traders perform technical analysis and screen stocks with ease. Developed by Worden Brothers, this platform has consistently won accolades as the best analytical software under $500. In this comprehensive TC2000 review, we will explore all the features that make TC2000 a go-to for traders of all levels, including its pricing options to fit any investor’s budget.
What is TC2000?
TC2000 was developed by Worden Brothers, an innovative leader in the realm of technical stock analysis software. As a top-rated charting and analysis software for stocks and options, TC2000 boasts an array of cutting-edge proprietary tools, custom stock screeners, and trading capabilities via its very own brokerage firm.
This charting software is built with day trading specifically in mind, making it an ideal choice for day traders looking to stay ahead of the curve.
TC2000 Features
TC2000 has many powerful features; here are some of them:
1. Charting Tools:
TC2000’s charting capabilities and proprietary analysis tools are some of its most notable features. It offers over 70 technical indicators and ten different drawing tools, allowing traders to create a customized chart setup that suits their trading strategy. The platform offers a range of chart styles and asset types, including stocks, exchange-traded funds, and more.
2. Real-Time Data:
To stay ahead in the financial market and uncover profitable trade ideas, having access to real-time data is crucial. With TC2000, you can rely on a dependable source of up-to-date information on the latest stock trades and market insights, as it aggregates data from more than 70 global exchanges onto its platform. You’ll have a choice of multiple data feeds, including real-time U.S. Stocks, real-time U.S. Options, and real-time U.S. Indexes, which you can either subscribe to or opt out of depending on your trading activity.
3. Watchlists:
The watchlist feature allows users to create a custom list of the stocks they’d like to monitor on a regular basis. Stocks can be sorted by using different criteria like volume or price. This makes it easy for a trader to quickly identify the latest market movements within their watchlist.
4. Alerts:
With TC2000’s alerts feature, traders can set custom alerts for any asset they’re interested in monitoring. By setting specific criteria, such as price, volume, or technical indicators, traders can stay on top of potential trade opportunities. When the asset meets the criteria set by the trader, TC2000 will send an email and/or push alert in real-time, which allows traders to take action immediately. This feature ensures traders don’t miss out on profitable trades.
5. Trade Simulator:
Using the Trade Simulator feature in TC2000, users can hone and test their trading strategies with real market data without putting their funds at risk. This is an excellent tool for improving trading skills, as the simulator provides all the essential features of TC2000 brokerage, including charting and scanning. By simulating trading strategies, users can perfect their decision-making skills and learn from mistakes without risking real capital.
6. Strategy Testing:
TC2000 offers historical condition testing, which allows users to simulate trades by running them against historical market data using specific timeframes. This tool can help traders to analyze the data for future trading strategies.
7. EasyScan Dashboard:
EasyScan is a stock screener or stock scanner where you can scan the market with one of the pre-configured scans or create your own custom scans. It offers a range of pre-configured scans, such as “Gap up with momentum,” “Bounce after pullback,” or RSI crossing up through 30. Alternatively, custom scans can be created based on user criteria.
TC2000 Pricing
TC2000 offers three different subscription options to meet various trader needs and budgets. The Silver subscription costs $9.99 per month and provides access to customizable layouts of charts, watchlists, and notes. For traders who require more features, the Gold version costs $29.99 per month and offers access to all essential tools.
The Platinum version is the most expensive at $89.98 per month but grants users access to all functionalities, including historical testing and up to 1,000 tracked alerts. There is a considerable price difference between the Platinum, Gold, and Silver versions, traders should take a closer look at the features before subscribing.
TC2000 also offers a free option called FreeStockCharts.com, which, of course, has fewer features than the paid subscriptions. TC2000 recently launched its own brokerage service. Clients who maintain a balance of over $20,000 can receive a $25 credit on the Platinum package.
TC2000 Review: The Pros and Cons
Pros
- Real-time market data from over 70 exchanges around the world.
- Supports multiple OS options, including web, desktop, and mobile.
- Offers multiple billing options to suit different needs.
- Has a cost-efficient pricing structure.
- Fast trading software with a free paper trading module
- An integrated order system allows for trading through charts.
- Offers a 30-day money-back guarantee.
Cons
- Platinum membership is relatively expensive.
- Automated trading is not possible at the moment.
- No built-in backtesting feature.
TC2000 Alternatives
If you’re hesitant to invest in TC2000’s pricey platinum membership, there are more cost-effective charting software options available. TradingView, for example, offers a range of free tools and is an affordable alternative to TC2000.
Check out this TC2000 vs TradingView article to see how they compare and which type of trader is best suited for TradingView.
Is TC2000 right for me?
If you’re a day or options trader, TC2000 is a fantastic platform for you! It’s perfect for the high-volume trading crowd, with features like real-time market data, customizable scanning, and integrated journaling.
Ready to take your trading to the next level? Click here to learn more about TC2000 and take advantage of this powerful tool today!
