Best Technical Analysis
ProRealTime Review 2023
Introduction to ProRealTime: Simplyfied Advanced Trading
ProRealTime is a comprehensive charting software and trading platform that offers advanced features and technology for better trading. With high-quality charts, analytical tools, and reliable market data directly sourced from exchanges, ProRealTime serves as a powerful financial instrument decision support tool for both professional and non-professional traders. In this product review, we will explore the key features, benefits, and offerings of ProRealTime.
Advanced Charting and Analytical Tools
The platform provides a wide range of charting tools and indicators, including over 100 technical indicators, custom indicators, spreads, and more. Traders can conduct in-depth technical analysis using various chart types, timeframes, and customisation options. The platform offers limitless possibilities for timeframe selection and adaptation of data display methods to suit user preferences.
Multiple Features and Benefits for Desktop, Mobile and Tablets
Reliable Market Data
You can experience reliable market data through multiple measures. It offers ultra-low latency real-time data feeds directly from major exchanges, ensuring every tick is instantaneously reflected on the charts. The platform employs high availability data feed services, using dedicated high-speed leased lines between exchanges and the data centres, minimising the risk of data loss. Data engineers actively check and correct any mistaken data points to support data accuracy.
Extensive Historical Data and Simple Backtesting
Discover an expansive historical data collection, invaluable for backtesting strategies. extensive historical data, including intraday and end-of-day databases. Users can access historical data for a wide range of financial instruments, enabling backtesting and analysis of trading strategies. The Premium version of ProRealTime allows displaying up to 200,000 units of historical data, easing detailed analysis and pattern recognition.
Automatic Trading and Realtime Alerts
Benefit from an advanced automated trading module, facilitating strategy testing before market execution offering an advanced automatic trading module called ProOrder. Traders can test and optimise their trading strategies before executing them in real markets. ProOrder supports both simulated (PaperTrading) and real trading modes, providing flexibility and ease of use. The server-side execution of trading systems ensures security, reliability, and faster order execution compared to individual computers. ProRealTime's encryption and security protocols protect the confidentiality of users' codes.
Comfort and Efficiency
Focusing on enhancing trading comfort and efficiency. Traders can place orders on multiple instruments without the need to move the mouse, increasing speed and efficiency. The platform allows the placement of OCO (One-Cancels-the-Other) orders and limits on the bid or ask to better control position entries and exits. Continuous information important to traders, such as price, bid/ask, and P&L, stays visible on the Stream Deck even when switching applications, ensuring quick access to critical information. Video Tutorials are available to hedge, draw supply and demand zones, and advanced technical analysis for creating trading systems.
Market Scanning Tools
Utilise market scanning tools to identify potential trading prospects and show trading opportunities. Traders can customise Forex and stock screeners, use candlestick pattern recognition, and benefit from automatic support and resistance lines. The platform also provides automatic drawing of horizontal and oblique trendlines, along with a trend detection tool, helping in market analysis and decision-making.
A comfortable and highly customisable trading interface. Traders can easily connect the platform to broker accounts and personalise their workspace, adjust time zone settings, and adapt data display options to suit their preferences. The platform offers a smooth and enjoyable trading experience, allowing traders to focus on their strategies and analysis.
Pricing and Accessibility
Offers both a free account and subscription plans to access its software. The free account supplies end-of-day data and unlimited access to the Complete version of the software. Traders can also request a free trial for the Real-Time version, which offers two weeks of real-time and intraday data. Subscription plans, including standard and premium options, supply access to more features and services. Traders can also add on delayed data packages, ProRealTime Financial News Packages, and access ProRealTime Mobile for charting on smartphones. The platform supports multiple markets, including 31 markets, and offers various options for data packages based on traders' needs.
To use the platform, compatible operating systems include Windows 11, 10, 8, macOS 10.14 or above, and up-to-date and stable Linux distributions such as Ubuntu or Debian. A high-speed internet connection is recommended, preferably a wired connection, along with a modern web browser (e.g., Firefox, Chrome, Internet Explorer, Safari). The minimum hardware requirements include a screen resolution of at least 1280x1024 and a minimum of 2 GB RAM (8 GB recommended for the Complete version and 16 GB recommended for the Premium version).
Best Trading Platform Award 2023
The company has been honoured with the prestigious "Best Trading Platform 2023" award by the esteemed website brokervergleich.com. This recognition serves as a testament to ProRealTime's outstanding capabilities and technological advancements in the trading industry. With its high-quality charts, reliable market data, and comprehensive analytical tools, ProRealTime has consistently provided traders with an unparalleled trading experience. The platform's commitment to user comfort, efficiency, and security has set it apart from its competitors, making it the top choice for both professional and non-professional traders. Winning this award affirms ProRealTime's position as a leader in the trading platform space and further solidifies its reputation for excellence in the industry.
A Top Choice for Technical Analysis
ProRealTime stands out as a comprehensive charting software and trading platform with its advanced features, reliable market data, extensive historical databases, and user-friendly interface. It caters to the needs of both professional and non-professional traders, offering powerful tools for technical analysis, automation of trading strategies, and efficient order placement. With its focus on speed, comfort, and security, ProRealTime provides a robust solution for traders seeking a comprehensive and reliable trading platform.
Understanding the Risks: Important Disclaimer
Before delving into trading opportunities, it's crucial to acknowledge the potential risks involved. Trading financial instruments like CFDs can lead to substantial financial loss due to leverage. The value of investments can rise and fall, and there's no guarantee of future results. The information provided here is not to be considered as investment advice.
Traders must be aware of the complexities inherent in CFDs and understand that trading carries a risk of losing money rapidly. This review doesn't constitute personalized investment advice, and it's essential to recognize that losses are possible when trading. It's recommended to never invest more than one can afford to lose, and traders should carefully consider their risk tolerance before engaging in trading activities.
Additionally, trading may not be suitable for all individuals based on their financial situations, risk appetites, and familiarity with trading concepts. Regulations and laws vary across jurisdictions, so individuals should be aware of their local laws before engaging in trading activities. Always consult with qualified financial professionals before making any trading decisions.
Please note that the provided information is intended for informational purposes only and does not replace personalized financial advice. Traders are responsible for conducting their research, understanding the market, and making informed decisions that align with their financial goals and risk tolerance.